Published by FACT MR
Posted on September 13, 2021
12 min readLast updated: February 11, 2026
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The permanent magnets market is witnessing escalating growth, expected to reach US$ 34.4 Bn in 2021, concludes a recently published market research report by Fact.MR. The study estimates that revenues reach US$ 78 Bn by 2031, expanding at a CAGR of 8.5%.
From 2016 to 2020, global sales of permanent magnets expanded at around 8% CAGR, closing in at a revenue share of US$ 34 Bn by the end of the aforementioned historical period. Sales were downplayed across key sectors such as automotive amid the COVID-19 pandemic, attributed to strict curbs on factory operations, while industries such as the consumer electronics sustained demand.
Manufacturers are capitalizing on the Chinese market. According to various studies, China has been designated as the world’s leader in mining of rare earth ores, a key raw material needed for most magnets. Studies report that China mines over 55% of the world’s rare earth ores needed for most magnets making it the biggest producer of rare earth magnets.
To remain ‘ahead’ of your competitors, request for a sample https://www.factmr.com/connectus/sample?flag=S&rep_id=4575
The report also comprises the study of current issues with end users and opportunities for permanent magnets. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of permanent magnets manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the permanent magnets market provided in the report adds to the credibility of this exhaustive research study.
“Technology transitions such as rollout of AI and IoT boosted the electric car manufacturing and automated machines for mining activities will encourage industry growth of permanent magnets until 2031,” comments a Fact.MR analyst.
Global Permanent Magnets Market: In-Depth Assessment on Key Segments
The global permanent magnets market is segmented on the basis of material, application and region.
Speak To Research Analyst For Detailed Insights: https://www.factmr.com/connectus/sample?flag=AE&rep_id=4575
|
Material |
Application |
Region |
|
Ferrite |
Automotive |
North America |
|
Neodymium Iron Boron (NdFeB) |
Consumer Goods & Electronics |
Latin America |
|
Aluminum Nickel Cobalt (Alnico) |
Industrial |
Europe |
|
Samarium Cobalt (SmCo) |
Aerospace & Defense |
East Asia |
|
Energy |
South Asia & Oceania |
|
|
|
Medical |
Middle East & Africa |
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4575
Country-specific assessment on demand for permanent magnets has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous permanent magnets manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global permanent magnets market. Some of the major competitors operating in the permanent magnets market are Adams Magnetic Products Co., Earth-Panda Advance Magnetic Material Co., Ltd, Arnold Magnetic Technologies, Daido Steel Co., Ltd., Eclipse Magnetics Ltd., Electron Energy Corporation and others.
Global Permanent Magnets Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the permanent magnets market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the permanent magnets market, which includes global GDP growth rate, various industries growth rate such as Automotive, Consumer Goods & Electronics, Industrial, Aerospace & Defense and others. This report serves as an authentic resource of intelligence on the permanent magnets market, enabling the readers to take fact-based decisions on the future direction of their businesses.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
The post Demand for Neodymium Iron Boron Permanent Magnets Is Anticipated to Grow With A CAGR of 8.5%: Fact.MR appeared first on The Cloud Tribune.
The permanent magnets market is witnessing escalating growth, expected to reach US$ 34.4 Bn in 2021, concludes a recently published market research report by Fact.MR. The study estimates that revenues reach US$ 78 Bn by 2031, expanding at a CAGR of 8.5%.
From 2016 to 2020, global sales of permanent magnets expanded at around 8% CAGR, closing in at a revenue share of US$ 34 Bn by the end of the aforementioned historical period. Sales were downplayed across key sectors such as automotive amid the COVID-19 pandemic, attributed to strict curbs on factory operations, while industries such as the consumer electronics sustained demand.
Manufacturers are capitalizing on the Chinese market. According to various studies, China has been designated as the world’s leader in mining of rare earth ores, a key raw material needed for most magnets. Studies report that China mines over 55% of the world’s rare earth ores needed for most magnets making it the biggest producer of rare earth magnets.
To remain ‘ahead’ of your competitors, request for a sample https://www.factmr.com/connectus/sample?flag=S&rep_id=4575
The report also comprises the study of current issues with end users and opportunities for permanent magnets. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of permanent magnets manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the permanent magnets market provided in the report adds to the credibility of this exhaustive research study.
“Technology transitions such as rollout of AI and IoT boosted the electric car manufacturing and automated machines for mining activities will encourage industry growth of permanent magnets until 2031,” comments a Fact.MR analyst.
Global Permanent Magnets Market: In-Depth Assessment on Key Segments
The global permanent magnets market is segmented on the basis of material, application and region.
Speak To Research Analyst For Detailed Insights: https://www.factmr.com/connectus/sample?flag=AE&rep_id=4575
Material | Application | Region |
Ferrite | Automotive | North America |
Neodymium Iron Boron (NdFeB) | Consumer Goods & Electronics | Latin America |
Aluminum Nickel Cobalt (Alnico) | Industrial | Europe |
Samarium Cobalt (SmCo) | Aerospace & Defense | East Asia |
Energy | South Asia & Oceania | |
Medical | Middle East & Africa |
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4575
Country-specific assessment on demand for permanent magnets has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous permanent magnets manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global permanent magnets market. Some of the major competitors operating in the permanent magnets market are Adams Magnetic Products Co., Earth-Panda Advance Magnetic Material Co., Ltd, Arnold Magnetic Technologies, Daido Steel Co., Ltd., Eclipse Magnetics Ltd., Electron Energy Corporation and others.
Global Permanent Magnets Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the permanent magnets market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the permanent magnets market, which includes global GDP growth rate, various industries growth rate such as Automotive, Consumer Goods & Electronics, Industrial, Aerospace & Defense and others. This report serves as an authentic resource of intelligence on the permanent magnets market, enabling the readers to take fact-based decisions on the future direction of their businesses.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
The post Demand for Neodymium Iron Boron Permanent Magnets Is Anticipated to Grow With A CAGR of 8.5%: Fact.MR appeared first on The Cloud Tribune.
A permanent magnet is a material that maintains a persistent magnetic field without the need for an external power source. They are commonly used in various applications, including motors and electronic devices.
Rare earth ores are a group of 17 chemical elements in the periodic table that are critical in the manufacturing of various high-tech products, including permanent magnets, batteries, and electronic devices.
Value chain analysis is a strategic tool used to identify the activities that create value for a business. It helps companies understand their competitive advantages and optimize their operations.
A competitive analysis is the process of evaluating the strengths and weaknesses of competitors within the market. This helps businesses identify opportunities for growth and areas for improvement.
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