Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Rare Earth Magnet Market by Type (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others), By Application (Automotive, Aerospace & Defense, Power Generation , Consumer Goods & Electronics, Industrial Machinery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Rare Earth Magnet Market by Type (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others), By Application (Automotive, Aerospace & Defense, Power Generation , Consumer Goods & Electronics, Industrial Machinery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143332 3300 Chemical & Material 377 233 Pages 4.9 (41)
                                          

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:

  1. The demand for rare earth magnets is expected to grow due to the increasing use in wind turbines and electric vehicles.
  2. 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.
  3. The increasing use of rare earth magnets in wind turbines will drive growth in this market segment.
  4. 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 Industry Outlook


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:

  1. Hitachi Metals Group
  2. Shin-Etsu
  3. TDK
  4. VAC
  5. Beijing Zhong Ke San Huan Hi-Tech
  6. Yunsheng Company
  7. YSM
  8. JL MAG
  9. ZHmag
  10. Jingci Material Science
  11. AT&M
  12. NBJJ
  13. Innuovo Magnetics
  14. SGM
  15. Galaxy Magnetic
  16. Zhejiang Zhongyuan Magnetic
  17. Earth- Panda
  18. Magsuper
  19. Daido Electronics
  20. Pinghu Geor Chi Electronics

Global Rare Earth Magnet Market Overview


Highlights of The Rare Earth Magnet Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Rare-earth Sintered Magnet
    2. Rare-earth Bonded Magnet
    3. Others
  1. By Application:

    1. Automotive
    2. Aerospace & Defense
    3. Power Generation 
    4. Consumer Goods & Electronics
    5. Industrial Machinery
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Rare Earth Magnet Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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.

                                            
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

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