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Report Overview
The global permanent magnets market attained a value of nearly USD 40.10 Billion in 2023. The market is further expected to grow at a CAGR of 3.80% during the forecast period of 2024-2032 to reach a value of USD 56.09 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Players in the Global Permanent Magnets Market
The report gives a detailed analysis of the following key players in the global permanent magnets market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Adams Magnetic Products Co.
- Arnold Magnetic Technologies
- The Bunting® Magnetics Co.
- Advanced Technology & Materials Co., Ltd. (AT&M)
- Hitachi Metals, Ltd.
- Industrial Magnetics, Inc.
- MASTER MAGNETICS, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Permanent Magnets Market Report Snapshots
Permanent Magnets Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.80% between 2024 and 2032.
The major drivers of the market, such as the rising disposable incomes, increasing population, and the rising demand for end-use products, are expected to aid the industry growth.
The increasing demand for smart phones is expected to define the market growth in the coming years.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
By type, the market is divided into ferrite, neodymium iron boron, aluminium nickel cobalt, and samarium cobalt.
Based on end use, the market is segmented into computer hard disk drives (HDD), CD, DVD, hybrid electric vehicles, electric bicycles, heating, ventilating and air conditioners (HVAC), wind turbines, and others.
The competitive landscape consists of Adams Magnetic Products Co., Arnold Magnetic Technologies, The Bunting® Magnetics Co., Advanced Technology & Materials Co., Ltd. (AT&M), Hitachi Metals, Ltd., Industrial Magnetics, Inc., and MASTER MAGNETICS, Inc., among others.
In 2023, the market reached an approximate value of USD 40.10 Billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 56.09 Billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124