Market Overview:
The global injection molded magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for motors, sensors, and other applications that use injection molded magnets. In addition, the growing demand for overmolded magnetic components is also contributing to the growth of this market. The global injection molded magnets market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into ferrite magnets, neodymium-iron-boron (NdFeB) magnets, samarium-cobalt (SmCo) magnets,, and other types of magnetic materials. NdFeB Magnets are expected to witness high growth duringthe forecast period owingto their superior properties such as high strength and low weight as compared with other typesofmagnetic materials .Sensors are another key application area for injection molded magnets and are expected to grow at a CAGR of 5% during the forecast period .
Product Definition:
Injection molded magnets are a specific type of magnet that is created through the process of injection molding. This is a process where molten metal is injected into a mold, which then hardens to create the desired shape. Injection molded magnets are created through this same process, with the addition of small pieces of magnetic material. This creates a magnet that has both a specific shape and magnetic properties.
Injection molded magnets are used in many different applications, due to their combination of strength and flexibility. They can be found in products such as motors, speakers, and medical devices.
Magnetic Material: Ferrite:
Magnetic material is ferrite, which is a combination of iron oxide and ceramic. The most common form of magnetic material includes rare earth metals such as neodymium, samarium, and dysprosium. These materials are used in various applications including hard disk drives (HDD), electric motors, permanent magnets for motors & generators (PMG), electric vehicles (EV) and consumer electronics industry among others.
Magnetic Material: NdFeB:
Magnetic material is an alloy of iron, nickel, and titanium. It can be used in injection molded magnets or magnet wire which finds application in computers, hard drives data recovery industry and telecommunication sector among others. NdFeB is a magnetic alloy containing approximately 65% to 70% by weight of iron with the balance made up by nickel and titanium.
Application Insights:
Injection molded magnets find application in various industries including motors, sensors, injection molded rotor assemblies, insert molded magnetic components and overmolded magnetic components. In 2017, the motors segment dominated the global market with a revenue share of more than 40%. The growth of this segment is attributed to increasing demand for electric and gas turbines coupled with growing industrialization.
The sensor application is projected to witness significant growth during the forecast period owing to its wide range of applications such as temperature sensors for automobile airbag deployment; vibration sensors used in mobile phones; humidity and moisture detection devices used in electronic instruments manufacturing; barometric pressure/altimeter used in aerospace & defense industry etc. Other applications include MRI scanners (magnetically shielded), electric vehicles (brushless DC motor), wind energy generators (turbine blades) etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from various application sectors, such as industrial, medical and automotive. In addition, increasing R&D activities for development of advanced motors coupled with growing penetration of electric vehicles is also likely to drive the regional market growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years on account of rising product demand from key industries including automotive and electronics. Increasing disposable income along with rapid urbanization has resulted into increased consumer spending on luxury cars and premium passenger vehicles which will further fuel product adoption across this region in near future.
Growth Factors:
- Increasing demand for miniaturization in various end-use industries is expected to drive the market for injection molded magnets over the forecast period.
- Growing demand from automotive and electronics industries is another key factor that is expected to fuel the growth of this market in the near future.
- Rising awareness about the benefits of using injection molded magnets over traditional magnets is also anticipated to boost market growth during the forecast period.
- Rapid technological advancements in magnet manufacturing processes are projected to create new opportunities for players operating in this market over the next few years. 5) The increasing use of plastic composites as a replacement for traditional metals is also likely to propel demand for injection molded magnets globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Injection Molded Magnets Market Research Report
By Type
Magnetic Material: Ferrite, Magnetic Material: NdFeB, Magnetic Material: SmCo, Other
By Application
Motors, Sensors, Injection Molded Rotor Assemblies, Insert Molded Magnetic Components, Overmolded Magnetic Components
By Companies
ARNOLD, Mingjie Magnets, BOMATEC, Spear & Jackson Group, MMC Magnetics, Hangseng(Ningbo) Magnetech Co.,Ltd., ARNOLD
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Injection Molded Magnets Market Report Segments:
The global Injection Molded Magnets market is segmented on the basis of:
Types
Magnetic Material: Ferrite, Magnetic Material: NdFeB, Magnetic Material: SmCo, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Motors, Sensors, Injection Molded Rotor Assemblies, Insert Molded Magnetic Components, Overmolded Magnetic Components
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ARNOLD
- Mingjie Magnets
- BOMATEC
- Spear & Jackson Group
- MMC Magnetics
- Hangseng(Ningbo) Magnetech Co.,Ltd.
- ARNOLD
Highlights of The Injection Molded Magnets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Material: Ferrite
- Magnetic Material: NdFeB
- Magnetic Material: SmCo
- Other
- By Application:
- Motors
- Sensors
- Injection Molded Rotor Assemblies
- Insert Molded Magnetic Components
- Overmolded Magnetic Components
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Injection Molded Magnets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Injection Molded Magnets are a type of magnet that is created through the injection molding process. This process creates a product by injecting molten plastic into molds to create specific shapes. The molten plastic then cools and hardens around the magnets, creating them as one piece.
Some of the major companies in the injection molded magnets market are ARNOLD, Mingjie Magnets, BOMATEC, Spear & Jackson Group, MMC Magnetics, Hangseng(Ningbo) Magnetech Co.,Ltd., ARNOLD.
The injection molded magnets market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Injection Molded Magnets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Injection Molded Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Injection Molded Magnets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Injection Molded Magnets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Injection Molded Magnets Market Size & Forecast, 2020-2028
4.5.1 Injection Molded Magnets Market Size and Y-o-Y Growth
4.5.2 Injection Molded Magnets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Magnetic Material: Ferrite
5.2.2 Magnetic Material: NdFeB
5.2.3 Magnetic Material: SmCo
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Motors
6.2.2 Sensors
6.2.3 Injection Molded Rotor Assemblies
6.2.4 Insert Molded Magnetic Components
6.2.5 Overmolded Magnetic Components
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Injection Molded Magnets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Injection Molded Magnets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Magnetic Material: Ferrite
9.6.2 Magnetic Material: NdFeB
9.6.3 Magnetic Material: SmCo
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Motors
9.10.2 Sensors
9.10.3 Injection Molded Rotor Assemblies
9.10.4 Insert Molded Magnetic Components
9.10.5 Overmolded Magnetic Components
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Magnetic Material: Ferrite
10.6.2 Magnetic Material: NdFeB
10.6.3 Magnetic Material: SmCo
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Motors
10.10.2 Sensors
10.10.3 Injection Molded Rotor Assemblies
10.10.4 Insert Molded Magnetic Components
10.10.5 Overmolded Magnetic Components
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Magnetic Material: Ferrite
11.6.2 Magnetic Material: NdFeB
11.6.3 Magnetic Material: SmCo
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Motors
11.10.2 Sensors
11.10.3 Injection Molded Rotor Assemblies
11.10.4 Insert Molded Magnetic Components
11.10.5 Overmolded Magnetic Components
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Magnetic Material: Ferrite
12.6.2 Magnetic Material: NdFeB
12.6.3 Magnetic Material: SmCo
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Motors
12.10.2 Sensors
12.10.3 Injection Molded Rotor Assemblies
12.10.4 Insert Molded Magnetic Components
12.10.5 Overmolded Magnetic Components
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Magnetic Material: Ferrite
13.6.2 Magnetic Material: NdFeB
13.6.3 Magnetic Material: SmCo
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Motors
13.10.2 Sensors
13.10.3 Injection Molded Rotor Assemblies
13.10.4 Insert Molded Magnetic Components
13.10.5 Overmolded Magnetic Components
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Injection Molded Magnets Market: Competitive Dashboard
14.2 Global Injection Molded Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ARNOLD
14.3.2 Mingjie Magnets
14.3.3 BOMATEC
14.3.4 Spear & Jackson Group
14.3.5 MMC Magnetics
14.3.6 Hangseng(Ningbo) Magnetech Co.,Ltd.
14.3.7 ARNOLD
