Market Overview:
Rare earth magnets are made from alloys of rare earth elements and are exceptionally strong for their small size. They are used in a wide range of applications, including hybrid and electric vehicles, wind turbines, consumer electronics, medical devices and military equipment. The global rare earth magnet market is expected to grow at a CAGR of 6.5% from 2018 to 2030. Some of the key factors driving the growth of this market include the increasing demand for hybrid and electric vehicles and rising awareness about the benefits of using rare earth magnets in these vehicles.
Product Definition:
A rare earth magnet is a type of permanent magnet made from alloys of rare earth elements. They are the strongest type of permanent magnets currently made. They are also expensive and brittle, so they are usually used in applications where their strength and durability are important.
N40EH:
N40EH is a rare earth magnet, which has high-grade steel as its main raw material. N40EH’s properties are similar to that of Neodymium magnets, but they differ in size and cost. The product finds application in the Rare Earth Magnet for EPS market owing to its superior characteristics such as high energy density and corrosion resistance.
The global Rare Earth Magnet for EPS market was valued at USD 536 million in 2015.
N45UH:
N45UH is a rare earth magnet, which has high saturation flux density and excellent Curie temperature properties. It is used in the manufacturing of Rare Earth Magnet for Electric Vehicles (EV) market. N45UH magnets are used as generators in electric vehicles to produce electricity from the engine to power the vehicle’s drivetrain.
Application Insights:
The rare earth magnet for electric and hybrid vehicles application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to increasing demand from various applications, such as electric vehicle motors, hybrid vehicle drivetrains, wind turbines and generators. Electric vehicles with improved efficiency are expected to have a positive impact on market growth over the forecast period.
Battery-operated vehicles (BEVs) require lightweight materials that reduce overall vehicle weight and improve fuel economy. As a result, manufacturers are focusing on using N42V grade magnets as they provide high magnetic strength along with excellent resistance to corrosion and oxidation when used in neodymium magnets arrays. These factors are anticipated to increase product demand during the forecast period from 2018 to 2030 especially during the second half of the year due largely in part by an increase in production of EVs across several countries globally including China Japan South Korea Germany France Russia U K America Mexico Canada Argentina Brazil etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to rapid industrialization and increasing per capita income in countries, such as China and India. Growing demand for electronic products, coupled with rising investments by governments for development of infrastructure, is likely to drive rare earth magnet production across Asia Pacific region over the coming years.
China was estimated as the largest producer and consumer across this region in 2017 due to presence of large deposits of neodymium-yttrium-aluminum garnet (Nd:YAG) minerals that are used as an active ingredient in producing magnetic fields required for manufacturing electric vehicles’ batteries or hybrid vehicles’ motors along with other applications mentioned above.
Growth Factors:
- Increasing demand from the electronics industry for miniaturization and higher performance
- Rapid growth of the electric vehicle market
- Growing use in medical devices and energy-saving applications
- Emerging new applications such as wind turbines and smart meters
- Limited global supply, which is constraining growth in some markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Magnet for EPS Market Research Report
By Type
N40EH, N45UH, N50SH, N42V, Other
By Application
Hybrid Vehicles, Battery Electric Vehicle
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, Daido Electronics, Jingci Material Science, Innuovo Magnetics
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Magnet for EPS Market Report Segments:
The global Rare Earth Magnet for EPS market is segmented on the basis of:
Types
N40EH, N45UH, N50SH, N42V, 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
Hybrid Vehicles, Battery Electric Vehicle
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:
- Hitachi Metals Group
- Shin-Etsu
- TDK
- VAC
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- Daido Electronics
- Jingci Material Science
- Innuovo Magnetics
Highlights of The Rare Earth Magnet for EPS 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:
- N40EH
- N45UH
- N50SH
- N42V
- Other
- By Application:
- Hybrid Vehicles
- Battery Electric Vehicle
- 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 Rare Earth Magnet for EPS 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?
Rare Earth Magnet is a magnet that is made of rare earth elements. These magnets are used in electronic equipment, such as computers and cell phones.
Some of the key players operating in the rare earth magnet for eps market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, Daido Electronics, Jingci Material Science, Innuovo Magnetics.
The rare earth magnet for eps market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rare Earth Magnet for EPS 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 Rare Earth Magnet for EPS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rare Earth Magnet for EPS 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 Rare Earth Magnet for EPS 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 Rare Earth Magnet for EPS Market Size & Forecast, 2020-2028
4.5.1 Rare Earth Magnet for EPS Market Size and Y-o-Y Growth
4.5.2 Rare Earth Magnet for EPS 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 N40EH
5.2.2 N45UH
5.2.3 N50SH
5.2.4 N42V
5.2.5 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 Hybrid Vehicles
6.2.2 Battery Electric Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rare Earth Magnet for EPS 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 Rare Earth Magnet for EPS 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 N40EH
9.6.2 N45UH
9.6.3 N50SH
9.6.4 N42V
9.6.5 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 Hybrid Vehicles
9.10.2 Battery Electric Vehicle
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 N40EH
10.6.2 N45UH
10.6.3 N50SH
10.6.4 N42V
10.6.5 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 Hybrid Vehicles
10.10.2 Battery Electric Vehicle
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 N40EH
11.6.2 N45UH
11.6.3 N50SH
11.6.4 N42V
11.6.5 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 Hybrid Vehicles
11.10.2 Battery Electric Vehicle
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 N40EH
12.6.2 N45UH
12.6.3 N50SH
12.6.4 N42V
12.6.5 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 Hybrid Vehicles
12.10.2 Battery Electric Vehicle
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 N40EH
13.6.2 N45UH
13.6.3 N50SH
13.6.4 N42V
13.6.5 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 Hybrid Vehicles
13.10.2 Battery Electric Vehicle
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 Rare Earth Magnet for EPS Market: Competitive Dashboard
14.2 Global Rare Earth Magnet for EPS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals Group
14.3.2 Shin-Etsu
14.3.3 TDK
14.3.4 VAC
14.3.5 Beijing Zhong Ke San Huan Hi-Tech
14.3.6 Yunsheng Company
14.3.7 Daido Electronics
14.3.8 Jingci Material Science
14.3.9 Innuovo Magnetics
