The global magnets market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for magnets in various applications such as electronics, industrial, and automotive. The electronics industry is one of the major end-users of magnets and it has been witnessing significant growth over the past few years due to its increasing use in smartphones and other electronic devices. In addition, there has been an increase in demand for magnetic materials from industries such as automotive and construction owing to their growing need for lightweight materials that can be easily transported or installed on site without any difficulty.
The global magnet market by type includes neodymium (Nd), ferrite (Fe), samarium cobalt (SmCo), alnico (AlNiCo). Neodymium magnets are used extensively in various applications such as motors, generators, speakers etc, owing to their high energy product density which makes them more efficient than other types of magnet material available on the market today. Ferrite magnets are mainly used for low-power applications such as loudspeakers or microphones because they have a lower cost per unit volume than neodymium or samarium cobalt magnet materials but they have lower energy product density than these two types of material.
Some Of The Growth Factors Of This Market:
- The demand for magnets is expected to grow as the world's population increases and more people are able to afford consumer goods.
- The use of magnets in manufacturing is expected to increase as the world's population increases and more people are able to afford consumer goods.
- The use of magnets in medical devices is expected to increase as the world's population increases and more people are able to afford consumer goods, which will lead to an increased demand for these products.
- As technology advances, new uses for magnets will be found, leading to a higher demand for them in various industries such as construction, transportation, energy production and distribution, communications and electronics manufacturing industries among others.
Industry Growth Insights published a new data on “Magnets Market”. The research report is titled “Magnets Market research by Types (Neodymium, Ferrite, Samarium Cobalt, Alnico), By Applications (Electronics, Industrial, Automotive), By Players/Companies Hitachi Metals(Japan), Daido Steel(Japan), TDK(Japan), Shin-etsu Chemical(Japan), Arnold Magnetic(U.S.), Lynas Corporation(Australia), Electron Energy(U.S.), Tengam Engineering(U.S.), Adams Magnetic(U.S.), Bunting Magnetics(U.S.)”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnets Market Research Report
By Type
Neodymium, Ferrite, Samarium Cobalt, Alnico
By Application
Electronics, Industrial, Automotive
By Companies
Hitachi Metals(Japan), Daido Steel(Japan), TDK(Japan), Shin-etsu Chemical(Japan), Arnold Magnetic(U.S.), Lynas Corporation(Australia), Electron Energy(U.S.), Tengam Engineering(U.S.), Adams Magnetic(U.S.), Bunting Magnetics(U.S.)
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Magnets Market Report Segments:
The global Magnets market is segmented on the basis of:
Types
Neodymium, Ferrite, Samarium Cobalt, Alnico
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
Electronics, Industrial, Automotive
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(Japan)
- Daido Steel(Japan)
- TDK(Japan)
- Shin-etsu Chemical(Japan)
- Arnold Magnetic(U.S.)
- Lynas Corporation(Australia)
- Electron Energy(U.S.)
- Tengam Engineering(U.S.)
- Adams Magnetic(U.S.)
- Bunting Magnetics(U.S.)
Highlights of The 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:
- Neodymium
- Ferrite
- Samarium Cobalt
- Alnico
- By Application:
- Electronics
- Industrial
- Automotive
- 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 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.
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- 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?
Magnets are materials that have a strong magnetic field. When two magnets are close to each other, the magnetic fields of the two magnets interact and create a force that can hold objects together.
Some of the major companies in the magnets market are Hitachi Metals(Japan), Daido Steel(Japan), TDK(Japan), Shin-etsu Chemical(Japan), Arnold Magnetic(U.S.), Lynas Corporation(Australia), Electron Energy(U.S.), Tengam Engineering(U.S.), Adams Magnetic(U.S.), Bunting Magnetics(U.S.).
The magnets market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnets Market - Supply Chain
4.5. Global Magnets Market Forecast
4.5.1. Magnets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnets Market Absolute $ Opportunity
5. Global Magnets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnets Market Size and Volume Forecast by Type
5.3.1. Neodymium
5.3.2. Ferrite
5.3.3. Samarium Cobalt
5.3.4. Alnico
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnets Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Industrial
6.3.3. Automotive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnets Demand Share Forecast, 2019-2026
9. North America Magnets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnets Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Industrial
9.4.3. Automotive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnets Market Size and Volume Forecast by Type
9.7.1. Neodymium
9.7.2. Ferrite
9.7.3. Samarium Cobalt
9.7.4. Alnico
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnets Demand Share Forecast, 2019-2026
10. Latin America Magnets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnets Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Industrial
10.4.3. Automotive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnets Market Size and Volume Forecast by Type
10.7.1. Neodymium
10.7.2. Ferrite
10.7.3. Samarium Cobalt
10.7.4. Alnico
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnets Demand Share Forecast, 2019-2026
11. Europe Magnets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnets Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Industrial
11.4.3. Automotive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnets Market Size and Volume Forecast by Type
11.7.1. Neodymium
11.7.2. Ferrite
11.7.3. Samarium Cobalt
11.7.4. Alnico
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.. By Application
11.10.4. By Sales Channel
11.11. Europe Magnets Demand Share, 2019-2026
12. Asia Pacific Magnets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnets Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Industrial
12.4.3. Automotive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnets Market Size and Volume Forecast by Type
12.7.1. Neodymium
12.7.2. Ferrite
12.7.3. Samarium Cobalt
12.7.4. Alnico
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnets Demand Share, 2019-2026
13. Middle East & Africa Magnets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnets Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Industrial
13.4.3. Automotive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnets Market Size and Volume Forecast by Type
13.7.1. Neodymium
13.7.2. Ferrite
13.7.3. Samarium Cobalt
13.7.4. Alnico
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnets Market: Market Share Analysis
14.2. Magnets Distributors and Customers
14.3. Magnets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hitachi Metals(Japan)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daido Steel(Japan)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TDK(Japan)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shin-etsu Chemical(Japan)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arnold Magnetic(U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lynas Corporation(Australia)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Electron Energy(U.S.)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tengam Engineering(U.S.)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Adams Magnetic(U.S.)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bunting Magnetics(U.S.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
