PUBLISHER: TechNavio | PRODUCT CODE: 1681237
PUBLISHER: TechNavio | PRODUCT CODE: 1681237
The permanent magnets market is forecasted to grow by USD 18453.2 million during 2024-2029, accelerating at a CAGR of 9% during the forecast period. The report on the permanent magnets market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from automobile sector, increased applicability in storage technology, and increase in iron ore production volume.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 8% |
CAGR | 9% |
Incremental Value | $18453.2 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's permanent magnets market is segmented as below:
By Material
By End-user
By Method
By Geographical Landscape
This study identifies the increasing use of nanocrystalline magnetic particles in biomedical industry as one of the prime reasons driving the permanent magnets market growth during the next few years. Also, AI simulations for magnetic material geometry design and increased emphasis on semi-hard magnets will lead to sizable demand in the market.
The report on the permanent magnets market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading permanent magnets market vendors that include Adams Magnetic Products, Arnold Magnetic Technologies Corp., Bunting Magnetics Co., Chengdu Galaxy Magnets Co. Ltd., Daido Steel Co. Ltd., DURA MAGNETS PVT. LTD., Earth Panda Advance Magnetic Material Co.Ltd., Electron Energy Corp., Gayatri Magnet, Goudsmit Magnetics Groep BV, Guangdong Lingyi Intelligent Manufacturing Co. Ltd., Hangzhou Permanent Magnet Group. Ltd., Hitachi Ltd., Ningbo Co star Materials Hi Tech Co. Ltd., NingBo NingGang Permanent Magnetic Materials Co. Ltd., Ningbo Risheng Magnets Co. Ltd., Ningbo Yunsheng Co. Ltd., TDK Corp., Yantai Dongxing Magnetic Materials Inc., and Zhenghai Group Co. Ltd.. Also, the permanent magnets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: