Global Rare Earth Permanent Magnet Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Rare Earth Permanent Magnet Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Rare Earth Permanent Magnet market size was valued at USD 8630.8 million in 2023 and is forecast to a readjusted size of USD 11740 million by 2030 with a CAGR of 4.5% during review period.

The rare earth permanent magnet material refers to an alloy formed of rare earth metal and a transition metal. This permanent magnet material made by a certain process is extremely magnetic and can be maintained for a long time. Rare earth magnets have been developed for four generations. The first and second generations are RE-Co permanent magnets, ie Co-based permanent magnets: the first generation as type 5 SmCo alloys (SmCo5) and the second generation as Rare-earth Sintered Magnet7 SmCo alloys (Sm2Co17). Since Sm reserve is scare, Co And Ni is also a valuable strategic metal, the first two generations of rare earth permanent magnets have not been widely used,their major market are only for the high-end military area. The third and fourth generation rare earth permanent magnets are RE-FE-B permanent magnets. It is the third generation - NdFeB alloy (Nd2Fe14B), also the most widely used rare earth permanent magnet; the fourth generation is Sm-Fe-N alloy. (Sm2Fe17N3), but Sm-Fe-N alloy has not yet entered the stage of commercial production.

The Global Info Research report includes an overview of the development of the Rare Earth Permanent Magnet industry chain, the market status of Automotive (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet), Aerospace & Defense (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Rare Earth Permanent Magnet.

Regionally, the report analyzes the Rare Earth Permanent Magnet markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Rare Earth Permanent Magnet market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Rare Earth Permanent Magnet market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Rare Earth Permanent Magnet industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tonnes), revenue generated, and market share of different by Type (e.g., Rare-earth Sintered Magnet, Rare-earth Bonded Magnet).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Rare Earth Permanent Magnet market.

Regional Analysis: The report involves examining the Rare Earth Permanent Magnet market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Rare Earth Permanent Magnet market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Rare Earth Permanent Magnet:

Company Analysis: Report covers individual Rare Earth Permanent Magnet manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Rare Earth Permanent Magnet This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Automotive, Aerospace & Defense).

Technology Analysis: Report covers specific technologies relevant to Rare Earth Permanent Magnet. It assesses the current state, advancements, and potential future developments in Rare Earth Permanent Magnet areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Rare Earth Permanent Magnet market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Rare Earth Permanent Magnet market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Rare-earth Sintered Magnet
Rare-earth Bonded Magnet
Others

Market segment by Application
Automotive
Aerospace & Defense
Power Generation
Consumer Goods & Electronics
Industrial Machinery
Other

Major players covered
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
Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Pinghu Geor Chi Electronics

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Rare Earth Permanent Magnet product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Rare Earth Permanent Magnet, with price, sales, revenue and global market share of Rare Earth Permanent Magnet from 2019 to 2024.

Chapter 3, the Rare Earth Permanent Magnet competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Rare Earth Permanent Magnet breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Rare Earth Permanent Magnet market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Rare Earth Permanent Magnet.

Chapter 14 and 15, to describe Rare Earth Permanent Magnet sales channel, distributors, customers, research findings and conclusion.