Authored By: Sarah
10 Dec 2021

Permanent Magnets Market | Market Highlights and Insights to Recovery from COVID-19
Market Forecast and Growth Projections 2022-2026

The permanent magnets market is expected to grow by $ 13.63 bn, accelerating at a CAGR of almost 10.10% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Permanent Magnets Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by Material (neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, and alnico magnets) and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • 52% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Permanent Magnets Market size.

Permanent Magnets Market Size to Grow by $ 13.63 bn through 2022-2026 | Leading Segments and Market Trends

Permanent Magnets Market: Trends, Drivers, Challenges to impact growth

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

  • A key market driver for the Permanent Magnets Market will be increasing demand from the automobile sector.
  • Increased applicability in storage technology will be instrumental in driving the market growth during the forecast period.
  • One of the key challenges that market players need to contend with in order to achieve further success is the Fluctuating cost of raw materials.

Permanent Magnets Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Adams Magnetic Products, Arnold Magnetic Technologies Corp., Bunting Magnetics Co., Chengdu Galaxy Magnets Co. Ltd., Earth-Panda Advance Magnetic Material Co.Ltd., Electron Energy Corp., Goudsmit Magnetics Groep BV, Hitachi Ltd., Ningbo Yunsheng Co. Ltd., and Yantai Dongxing Magnetic Materials Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 10.10%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 13.63 bn through 2022-2026.

     
  3. What is a key factor driving this market?
    Increasing demand from the automobile sector will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    52% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Adams Magnetic Products, Arnold Magnetic Technologies Corp., Bunting Magnetics Co., Chengdu Galaxy Magnets Co. Ltd., Earth-Panda Advance Magnetic Material Co.Ltd., Electron Energy Corp., Goudsmit Magnetics Groep BV, Hitachi Ltd., Ningbo Yunsheng Co. Ltd., and Yantai Dongxing Magnetic Materials Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Material (neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, and alnico magnets) and Geography (APAC, North America, Europe, South America, and MEA)
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