Global Alnico Magnets Market 2024-2028
The alnico magnets market is forecasted to grow by USD 363.4 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the alnico magnets market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased demand from electronics sector, rise in demand from automotive industry, and growing demand from china and india.
Technavio's alnico magnets market is segmented as below:
- By Application
- Electronics
- Automotive
- Aerospace
- Wind energy
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand from aerospace industry as one of the prime reasons driving the alnico magnets market growth during the next few years. Also, increased inclination towards renewable energy and increasing use in manufacture of mri devices will lead to sizable demand in the market.
The report on the alnico magnets market covers the following areas:
- Alnico magnets market sizing
- Alnico magnets market forecast
- Alnico magnets market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading alnico magnets market vendors that include Adams Magnetic Products, Alga Magneti Srl, Arnold Magnetic Technologies Corp., Bunting Magnetics Europe LTD., DATOYO MAGNETICS CO. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics, DURA MAGNETS PVT. LTD., Electron Energy Corp., Eneflux-Armtek Magnetics Inc., Goudsmit Magnetics Groep BV, Hitachi Ltd., IBS Magnet, Integrated Technologies Group, Magdev Ltd., Magnaworks Technology Inc., Master Magnetics Inc., Permanent Magnets Ltd., Stanford Magnets, and Storch Magnetics. Also, the alnico magnets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.