Permanent Magnet Market Scope and Size by 2031
Permanent magnets are magnets that retain their magnetic properties even after the removal of magnetizing force. The internal structure of the material generates the magnetic field in the permanent magnets. Their function is to convert electrical energy to mechanical energy and vice versa, to control electrons or ions and use the attraction or repulsion between magnets. Many generators, electric motors, measuring instruments work on permanent magnets. Alnico magnets make use in radars, telephones, amplifiers and loudspeakers.
MARKET DYNAMICS
The permanent magnet market is anticipated to grow in the forecast period owing to driving factors such as developed and modernized infrastructure segment coupled with increasing demands for efficiency and miniaturization. Rising applications in consumer electronics and developments in automotive engineering such as internal combustion and EV powertrain technologies further fuel the permanent magnet market growth. However, fluctuation in raw material cost and lack of quality control in developing countries hampers the market growth. On the other hand, the permanent magnet market offers significant growth opportunities with applicability in the advanced drive systems in hybrid electric vehicles and technological advancements.
MARKET SCOPE
The "Global Permanent Magnet Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of permanent magnet market with detailed market segmentation by type, end-use industry and geography. The global permanent magnet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading permanent magnet market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global permanent magnet market is segmented on the basis of type and end-use industry. Based on type, the market is segmented as neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, alnico magnets and others. On the basis of the end-use industry, the market is segmented as automotive, electronics, industrial, energy, aerospace, medical and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global permanent magnet market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The permanent magnet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting permanent magnet market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the permanent magnet market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global permanent magnet market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The permanent magnet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting permanent magnet market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the permanent magnet market in these regions.
MARKET PLAYERSThe reports cover key developments in the permanent magnet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from permanent magnet market are anticipated to lucrative growth opportunities in the future with the rising demand for permanent magnet in the global market. Below mentioned is the list of few companies engaged in the permanent magnet market.
The report also includes the profiles of key permanent magnet companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd
- Goudsmit Magnetics Group B.V.
- Hangzhou Permanent Magnet Group., Ltd
- Hitachi Metals, Ltd.
- Magnequench International, LLC
- Ningbo Yunsheng Co., Ltd.
- Ninggang Permanent Magnetic Materials Co., Ltd.
- Shin-Etsu Chemical Co., Ltd.
- TDK Corporation
- Thomas & Skinner, Inc.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Permanent Magnet Market - By Type
1.3.2 Permanent Magnet Market - By End-Use Industry
1.3.3 Permanent Magnet Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PERMANENT MAGNET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PERMANENT MAGNET MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PERMANENT MAGNET MARKET - GLOBAL MARKET ANALYSIS
6.1. PERMANENT MAGNET - GLOBAL MARKET OVERVIEW
6.2. PERMANENT MAGNET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PERMANENT MAGNET MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NEODYMIUM IRON BORON MAGNETS
7.3.1. Overview
7.3.2. Neodymium Iron Boron Magnets Market Forecast and Analysis
7.4. FERRITE MAGNETS
7.4.1. Overview
7.4.2. Ferrite Magnets Market Forecast and Analysis
7.5. SAMARIUM COBALT MAGNETS
7.5.1. Overview
7.5.2. Samarium Cobalt Magnets Market Forecast and Analysis
7.6. ALNICO MAGNETS
7.6.1. Overview
7.6.2. Alnico Magnets Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PERMANENT MAGNET MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. ELECTRONICS
8.4.1. Overview
8.4.2. Electronics Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. ENERGY
8.6.1. Overview
8.6.2. Energy Market Forecast and Analysis
8.7. AEROSPACE
8.7.1. Overview
8.7.2. Aerospace Market Forecast and Analysis
8.8. MEDICAL
8.8.1. Overview
8.8.2. Medical Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. PERMANENT MAGNET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Permanent Magnet Market Overview
9.1.2 North America Permanent Magnet Market Forecasts and Analysis
9.1.3 North America Permanent Magnet Market Forecasts and Analysis - By Type
9.1.4 North America Permanent Magnet Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Permanent Magnet Market Forecasts and Analysis - By Countries
9.1.5.1 United States Permanent Magnet Market
9.1.5.1.1 United States Permanent Magnet Market by Type
9.1.5.1.2 United States Permanent Magnet Market by End-Use Industry
9.1.5.2 Canada Permanent Magnet Market
9.1.5.2.1 Canada Permanent Magnet Market by Type
9.1.5.2.2 Canada Permanent Magnet Market by End-Use Industry
9.1.5.3 Mexico Permanent Magnet Market
9.1.5.3.1 Mexico Permanent Magnet Market by Type
9.1.5.3.2 Mexico Permanent Magnet Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Permanent Magnet Market Overview
9.2.2 Europe Permanent Magnet Market Forecasts and Analysis
9.2.3 Europe Permanent Magnet Market Forecasts and Analysis - By Type
9.2.4 Europe Permanent Magnet Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Permanent Magnet Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Permanent Magnet Market
9.2.5.1.1 Germany Permanent Magnet Market by Type
9.2.5.1.2 Germany Permanent Magnet Market by End-Use Industry
9.2.5.2 France Permanent Magnet Market
9.2.5.2.1 France Permanent Magnet Market by Type
9.2.5.2.2 France Permanent Magnet Market by End-Use Industry
9.2.5.3 Italy Permanent Magnet Market
9.2.5.3.1 Italy Permanent Magnet Market by Type
9.2.5.3.2 Italy Permanent Magnet Market by End-Use Industry
9.2.5.4 United Kingdom Permanent Magnet Market
9.2.5.4.1 United Kingdom Permanent Magnet Market by Type
9.2.5.4.2 United Kingdom Permanent Magnet Market by End-Use Industry
9.2.5.5 Russia Permanent Magnet Market
9.2.5.5.1 Russia Permanent Magnet Market by Type
9.2.5.5.2 Russia Permanent Magnet Market by End-Use Industry
9.2.5.6 Rest of Europe Permanent Magnet Market
9.2.5.6.1 Rest of Europe Permanent Magnet Market by Type
9.2.5.6.2 Rest of Europe Permanent Magnet Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Permanent Magnet Market Overview
9.3.2 Asia-Pacific Permanent Magnet Market Forecasts and Analysis
9.3.3 Asia-Pacific Permanent Magnet Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Permanent Magnet Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Permanent Magnet Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Permanent Magnet Market
9.3.5.1.1 Australia Permanent Magnet Market by Type
9.3.5.1.2 Australia Permanent Magnet Market by End-Use Industry
9.3.5.2 China Permanent Magnet Market
9.3.5.2.1 China Permanent Magnet Market by Type
9.3.5.2.2 China Permanent Magnet Market by End-Use Industry
9.3.5.3 India Permanent Magnet Market
9.3.5.3.1 India Permanent Magnet Market by Type
9.3.5.3.2 India Permanent Magnet Market by End-Use Industry
9.3.5.4 Japan Permanent Magnet Market
9.3.5.4.1 Japan Permanent Magnet Market by Type
9.3.5.4.2 Japan Permanent Magnet Market by End-Use Industry
9.3.5.5 South Korea Permanent Magnet Market
9.3.5.5.1 South Korea Permanent Magnet Market by Type
9.3.5.5.2 South Korea Permanent Magnet Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Permanent Magnet Market
9.3.5.6.1 Rest of Asia-Pacific Permanent Magnet Market by Type
9.3.5.6.2 Rest of Asia-Pacific Permanent Magnet Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Permanent Magnet Market Overview
9.4.2 Middle East and Africa Permanent Magnet Market Forecasts and Analysis
9.4.3 Middle East and Africa Permanent Magnet Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Permanent Magnet Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Permanent Magnet Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Permanent Magnet Market
9.4.5.1.1 South Africa Permanent Magnet Market by Type
9.4.5.1.2 South Africa Permanent Magnet Market by End-Use Industry
9.4.5.2 Saudi Arabia Permanent Magnet Market
9.4.5.2.1 Saudi Arabia Permanent Magnet Market by Type
9.4.5.2.2 Saudi Arabia Permanent Magnet Market by End-Use Industry
9.4.5.3 U.A.E Permanent Magnet Market
9.4.5.3.1 U.A.E Permanent Magnet Market by Type
9.4.5.3.2 U.A.E Permanent Magnet Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Permanent Magnet Market
9.4.5.4.1 Rest of Middle East and Africa Permanent Magnet Market by Type
9.4.5.4.2 Rest of Middle East and Africa Permanent Magnet Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Permanent Magnet Market Overview
9.5.2 South and Central America Permanent Magnet Market Forecasts and Analysis
9.5.3 South and Central America Permanent Magnet Market Forecasts and Analysis - By Type
9.5.4 South and Central America Permanent Magnet Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Permanent Magnet Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Permanent Magnet Market
9.5.5.1.1 Brazil Permanent Magnet Market by Type
9.5.5.1.2 Brazil Permanent Magnet Market by End-Use Industry
9.5.5.2 Argentina Permanent Magnet Market
9.5.5.2.1 Argentina Permanent Magnet Market by Type
9.5.5.2.2 Argentina Permanent Magnet Market by End-Use Industry
9.5.5.3 Rest of South and Central America Permanent Magnet Market
9.5.5.3.1 Rest of South and Central America Permanent Magnet Market by Type
9.5.5.3.2 Rest of South and Central America Permanent Magnet Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PERMANENT MAGNET MARKET, KEY COMPANY PROFILES
11.1. ANHUI EARTH-PANDA ADVANCE MAGNETIC MATERIAL CO., LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GOUDSMIT MAGNETICS GROUP B.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HANGZHOU PERMANENT MAGNET GROUP., LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HITACHI METALS, LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MAGNEQUENCH INTERNATIONAL, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NINGBO YUNSHENG CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NINGGANG PERMANENT MAGNETIC MATERIALS CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHIN-ETSU CHEMICAL CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TDK CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THOMAS AND SKINNER, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Anhui Earth-Panda Advance Magnetic Material Co., Ltd
2. Goudsmit Magnetics Group B.V.
3. Hangzhou Permanent Magnet Group., Ltd
4. Hitachi Metals, Ltd.
5. Magnequench International, LLC
6. Ningbo Yunsheng Co., Ltd.
7. Ninggang Permanent Magnetic Materials Co., Ltd.
8. Shin-Etsu Chemical Co., Ltd.
9. TDK Corporation
10. Thomas and Skinner, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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