NdFeB Magnet Market Report: Trends, Forecast and Competitive Analysis to 2030

NdFeB Magnet Trends and Forecast

The future of the global NdFeB magnet market looks promising with opportunities in the automotive, electronic, power generator, and medical markets. The global NdFeB magnet market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing emphasis on renewable energy sources, rising consumer electronics device manufacturing, and the expanding utilization of NdFeB magnets in the biomedical sectors.

A more than 150-page report is developed to help in your business decisions.

NdFeB Magnet by Segment

The study includes a forecast for the global NdFeB magnet by type, end use, and region.

NdFeB Magnet Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Sintered
• Bonded

NdFeB Magnet Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Electronics
• Power Generators
• Medical
• Wind Power
• Others

NdFeB Magnet Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of NdFeB Magnet Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies NdFeB magnet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the NdFeB magnet companies profiled in this report include-

• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
• Tengam Engineering
• Bunting Magnetic Products
• Electron Energy Corporation
• Tdk Corporation
• Hitachi Metals

NdFeB Magnet Market Insights

Lucintel forecasts that sintered will remain the larger segment due to significant use in electric vehicles, electronics, power plants, medical devices, and other applications, as well as, enhancing the performance of electric motors to extend driving ranges and reduce energy consumption.

APAC will remain the largest region due to the increasing need for high-performance magnets in various industrial sectors, including automotive, electronics, energy, and healthcare applications in this region.

Features of the Global NdFeB Magnet Market

Market Size Estimates: Ndfeb magnet market market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ndfeb magnet market market size by type, end use, and region in terms of value ($B).

Regional Analysis: Ndfeb magnet market market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the NdFeB magnet market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the NdFeB magnet market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the NdFeB magnet market size?

Answer: The global NdFeB magnet market is expected to reach an estimated $3.7 billion by 2030.

Q.2 What is the growth forecast for NdFeB magnet market?

Answer: The global NdFeB magnet market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the NdFeB magnet market?

Answer: The major drivers for this market are growing emphasis on renewable energy sources, rising consumer electronics device manufacturing, and the expanding utilization of NdFeB magnets in the biomedical sectors.

Q4. What are the major segments for NdFeB magnet market?

Answer: The future of the global NdFeB magnet market looks promising with opportunities in the automotive, electronic, power generator, and medical markets.

Q5. Who are the key NdFeB magnet market companies?

Answer: Some of the key NdFeB magnet companies are as follows:

• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
• Tengam Engineering
• Bunting Magnetic Products
• Electron Energy Corporation
• Tdk Corporation
• Hitachi Metals

Q6. Which NdFeB magnet market segment will be the largest in future?

Answer: Lucintel forecasts that sintered will remain the larger segment due to significant use in electric vehicles, electronics, power plants, medical devices, and other applications, as well as, enhancing the performance of electric motors to extend driving ranges and reduce energy consumption.

Q7. In NdFeB magnet market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to the increasing need for high-performance magnets in various industrial sectors, including automotive, electronics, energy, and healthcare applications in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the NdFeB magnet market by type (sintered and bonded), end use (automotive, electronics, power generators, medical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?