Market Overview:
Rare earth magnets are made from alloys of rare earth elements and are some of the strongest permanent magnets known. They have a variety of applications, including in electric motors, generators, loudspeakers, hard drives and other consumer electronics. The global rare earth magnet for HDD market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030.
Product Definition:
A rare earth magnet is a type of permanent magnet made from alloys of rare earth elements. They are exceptionally strong magnets and are used in many applications, including hard disk drives, headphones and microphones.
Sintered Rare Earth Magnet:
Sintered rare earth magnet is a type of magnetic material which contains neodymium, samarium and dysprosium. These magnets are used in hard disk drive for storing information digitally. The main function of HDDs is to store the data and make it possible for the computer to read it quickly.
Bonded Rare Earth Magnet:
The bonded rare earth magnet is a type of rare earth magnet, which has iron or nickel coating on its external surface. The product finds application in hard disk drives (HDD) as it helps in increasing the data storage capacity of the drive by reducing noise and improving signal-to-noise ratio.
Bonded rare earth magnets are used for manufacturing various types of HDDs such as 5400 RPM, 7200 RPM, and 10600 RPM products.
Application Insights:
Based on the application, the market has been segmented into desktop and laptop hard disk drives. The desktop drive is further divided into consumer electronics and computers. The rare earth magnets used in hard disk drives for laptops provide higher performance as compared to those used in personal computers, as they have a higher magnetic field strength that enables them to store more data per unit of space. This trend is expected to continue over the forecast period, thereby driving demand for rare earth magnet over the next six years.
The increasing use of mobile devices such as smartphones has led manufacturers of these devices to focus on providing high-performance components so that users can experience enhanced audio/video quality when watching or listening videos or playing games through these devices.
Regional Analysis:
Asia Pacific dominated the global rare earth magnet for HDD market in 2017. China is a major producer and consumer of these magnets. The country has been experiencing rapid industrialization, which has led to an increase in demand from various application segments such as automotive, electronics, and others.
The growing population coupled with rising living standards have resulted into high demand for electronic products such as laptops and desktops across the region. Moreover, increasing government spending on infrastructure development projects is expected to propel the growth of the manufacturing industry over the next eight years thereby driving product adoption across end-use industries including automotive and aerospace.
North America accounted for a significant share owing to early technology adoption by companies such as IBM Corporation., Google Inc., Tesla Motors Inc.
Growth Factors:
- Increasing demand for data storage: The Rare Earth Magnet for HDD market is expected to grow as the need for data storage increases. With the growth of big data and the internet of things, there is an increasing demand for high-capacity storage solutions.
- Advances in technology: The development of new technologies such as cloud computing and artificial intelligence is expected to drive demand for Rare Earth Magnet for HDD products.
- Growing popularity of SSDs: While traditional hard drives are still popular, solid state drives (SSDs) are becoming more common due to their faster performance and lower power consumption. This could lead to a decline in demand for traditional hard drives, which would have a negative impact on the Rare Earth Magnet for HDD market.
- Price declines: The price of rare earth magnets has been declining in recent years, which could lead to increased adoption rates and higher revenue growth rates within the market segment over time.. 5 Emerging applications: There are many potential applications beyond traditional data storage that could benefit from rare earth magnet technology including automotive sensors, wind turbines, medical devices and more
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Magnet for HDD Market Research Report
By Type
Sintered Rare Earth Magnet, Bonded Rare Earth Magnet
By Application
Desktop, Laptop
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Daido Electronics, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, ZHmag, Galaxy Magnetic, Pinghu Geor Chi Electronics
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Magnet for HDD Market Report Segments:
The global Rare Earth Magnet for HDD market is segmented on the basis of:
Types
Sintered Rare Earth Magnet, Bonded Rare Earth Magnet
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
Desktop, Laptop
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
- Daido Electronics
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- ZHmag
- Galaxy Magnetic
- Pinghu Geor Chi Electronics
Highlights of The Rare Earth Magnet for HDD 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:
- Sintered Rare Earth Magnet
- Bonded Rare Earth Magnet
- By Application:
- Desktop
- Laptop
- 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 HDD 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 magnets are used in hard drive because they have a high magnetic field. This allows them to hold onto data more securely.
Some of the major players in the rare earth magnet for hdd market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Daido Electronics, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, ZHmag, Galaxy Magnetic, Pinghu Geor Chi Electronics.
The rare earth magnet for hdd market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rare Earth Magnet for HDD 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 HDD Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rare Earth Magnet for HDD 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 HDD 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 HDD Market Size & Forecast, 2020-2028
4.5.1 Rare Earth Magnet for HDD Market Size and Y-o-Y Growth
4.5.2 Rare Earth Magnet for HDD 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 Sintered Rare Earth Magnet
5.2.2 Bonded Rare Earth Magnet
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 Desktop
6.2.2 Laptop
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rare Earth Magnet for HDD 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 HDD 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 Sintered Rare Earth Magnet
9.6.2 Bonded Rare Earth Magnet
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 Desktop
9.10.2 Laptop
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 Sintered Rare Earth Magnet
10.6.2 Bonded Rare Earth Magnet
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 Desktop
10.10.2 Laptop
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 Sintered Rare Earth Magnet
11.6.2 Bonded Rare Earth Magnet
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 Desktop
11.10.2 Laptop
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 Sintered Rare Earth Magnet
12.6.2 Bonded Rare Earth Magnet
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 Desktop
12.10.2 Laptop
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 Sintered Rare Earth Magnet
13.6.2 Bonded Rare Earth Magnet
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 Desktop
13.10.2 Laptop
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 HDD Market: Competitive Dashboard
14.2 Global Rare Earth Magnet for HDD 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 Daido Electronics
14.3.6 Beijing Zhong Ke San Huan Hi-Tech
14.3.7 Yunsheng Company
14.3.8 ZHmag
14.3.9 Galaxy Magnetic
14.3.10 Pinghu Geor Chi Electronics
