The global rare earth magnet market is expected to grow at a CAGR of 5.5% from 2021 to 2030. The growth of the market can be attributed to the increasing demand for rare earth magnets in various applications such as automotive, aerospace and defense, power generation, consumer goods and electronics, industrial machinery. The increasing demand for these magnets in various applications is expected to drive the growth of this market during the forecast period.
The global rare earth magnet market by type is segmented into rarearth sintered magnet and rarearth bonded magnet. The former type has a higher share in terms of revenue due to its high performance characteristics such as high coercivity and low cost per unit volume compared with other types of magnets available in the market. However, it has lower production capacity than bonded magnets which are more expensive but have better performance characteristics such as higher energy product density and higher coercivity than sintered magnets. Â Â Â Â Â Rareearth bonded magnets are used mainly in automotive applications whereas sintered ones are used mainly for aerospace & defense applications due to their high coercivity which helps them withstand extreme temperatures without losing their magnetic properties or shape under pressure or vibration conditions encountered during flight operations or combat missions respectively.
The global rare earth magnet market by application is segmented into automotive, aerospace & defense, power generation, consumer goods & electronics, industrial machinery sectors with each sector having different end-user industries that use these products extensively across their respective value chain processes thereby driving demand for these products across all sectors globally over time periods from 2021-2030.
Some Of The Growth Factors Of This Market:
- The demand for rare earth magnets is expected to grow due to the increasing use in wind turbines and electric vehicles.
- China's dominance in the production of rare earths has led to a supply shortage, which has increased prices and created an opportunity for other countries such as India and Vietnam to enter this market segment.
- The increasing use of rare earth magnets in wind turbines will drive growth in this market segment.
- Increasing demand from emerging economies such as India and Vietnam will also drive growth.
Industry Growth Insights published a new data on “Rare Earth Magnet Market”. The research report is titled “Rare Earth Magnet Market research by Types (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others), By Applications (Automotive, Aerospace & Defense, Power Generation , Consumer Goods & Electronics, Industrial Machinery, Others), By Players/Companies Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics, Pinghu Geor Chi Electronics”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rare Earth Magnet Market Research Report
By Type
Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others
By Application
Automotive, Aerospace & Defense, Power Generation , Consumer Goods & Electronics, Industrial Machinery, Others
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics, 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Rare Earth Magnet Market Report Segments:
The global Rare Earth Magnet market is segmented on the basis of:
Types
Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others
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
Automotive, Aerospace & Defense, Power Generation , Consumer Goods & Electronics, Industrial Machinery, Others
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
- YSM
- JL MAG
- ZHmag
- Jingci Material Science
- AT&M
- NBJJ
- Innuovo Magnetics
- SGM
- Galaxy Magnetic
- Zhejiang Zhongyuan Magnetic
- Earth- Panda
- Magsuper
- Daido Electronics
- Pinghu Geor Chi Electronics
Highlights of The Rare Earth Magnet 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:
- Rare-earth Sintered Magnet
- Rare-earth Bonded Magnet
- Others
- By Application:
- Automotive
- Aerospace & Defense
- Power GenerationÂ
- Consumer Goods & Electronics
- Industrial Machinery
- Others
- 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 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 made of materials that contain rare earth elements. These elements are difficult to find and process, so rare earth magnets are expensive.
Some of the major players in the rare earth magnet market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics, Pinghu Geor Chi Electronics.
The rare earth magnet market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rare Earth Magnet 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. Rare Earth Magnet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rare Earth Magnet Market - Supply Chain
4.5. Global Rare Earth Magnet Market Forecast
4.5.1. Rare Earth Magnet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rare Earth Magnet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rare Earth Magnet Market Absolute $ Opportunity
5. Global Rare Earth Magnet 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. Rare Earth Magnet Market Size and Volume Forecast by Type
5.3.1. Rare-earth Sintered Magnet
5.3.2. Rare-earth Bonded Magnet
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rare Earth Magnet 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. Rare Earth Magnet Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace & Defense
6.3.3. Power Generation
6.3.4. Consumer Goods & Electronics
6.3.5. Industrial Machinery
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rare Earth Magnet 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. Rare Earth Magnet 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 Rare Earth Magnet 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. Rare Earth Magnet 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 Rare Earth Magnet Demand Share Forecast, 2019-2026
9. North America Rare Earth Magnet 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 Rare Earth Magnet 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 Rare Earth Magnet Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace & Defense
9.4.3. Power Generation
9.4.4. Consumer Goods & Electronics
9.4.5. Industrial Machinery
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rare Earth Magnet Market Size and Volume Forecast by Type
9.7.1. Rare-earth Sintered Magnet
9.7.2. Rare-earth Bonded Magnet
9.7.3. Others
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 Rare Earth Magnet Demand Share Forecast, 2019-2026
10. Latin America Rare Earth Magnet 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 Rare Earth Magnet 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 Rare Earth Magnet Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace & Defense
10.4.3. Power Generation
10.4.4. Consumer Goods & Electronics
10.4.5. Industrial Machinery
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rare Earth Magnet Market Size and Volume Forecast by Type
10.7.1. Rare-earth Sintered Magnet
10.7.2. Rare-earth Bonded Magnet
10.7.3. Others
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 Rare Earth Magnet Demand Share Forecast, 2019-2026
11. Europe Rare Earth Magnet 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 Rare Earth Magnet 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 Rare Earth Magnet Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace & Defense
11.4.3. Power Generation
11.4.4. Consumer Goods & Electronics
11.4.5. Industrial Machinery
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rare Earth Magnet Market Size and Volume Forecast by Type
11.7.1. Rare-earth Sintered Magnet
11.7.2. Rare-earth Bonded Magnet
11.7.3. Oters
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
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rare Earth Magnet Demand Share, 2019-2026
12. Asia Pacific Rare Earth Magnet 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 Rare Earth Magnet 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 Rare Earth Magnet Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace & Defense
12.4.3. Power Generation
12.4.4. Consumer Goods & Electronics
12.4.5. Industrial Machinery
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rare Earth Magnet Market Size and Volume Forecast by Type
12.7.1. Rare-earth Sintered Magnet
12.7.2. Rare-earth Bonded Magnet
12.7.3. Others
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 Rare Earth Magnet Demand Share, 2019-2026
13. Middle East & Africa Rare Earth Magnet 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 Rare Earth Magnet 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 Rare Earth Magnet Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace & Defense
13.4.3. Power Generation
13.4.4. Consumer Goods & Electronics
13.4.5. Industrial Machinery
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rare Earth Magnet Market Size and Volume Forecast by Type
13.7.1. Rare-earth Sintered Magnet
13.7.2. Rare-earth Bonded Magnet
13.7.3. Others
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 Rare Earth Magnet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rare Earth Magnet Market: Market Share Analysis
14.2. Rare Earth Magnet Distributors and Customers
14.3. Rare Earth Magnet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hitachi Metals Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shin-Etsu
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. VAC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing Zhong Ke San Huan Hi-Tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yunsheng Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. YSM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JL MAG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ZHmag
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jingci Material Science
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AT&M
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NBJJ
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Innuovo Magnetics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SGM
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Galaxy Magnetic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zhejiang Zhongyuan Magnetic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Earth- Panda
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Magsuper
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Daido Electronics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Pinghu Geor Chi Electronics
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
