Global Permanent Magnets Market Growth 2023-2029

Global Permanent Magnets Market Growth 2023-2029

Permanent Magnets major include the rare earth permanent magnet and Ferrite Magnets.

LPI (LP Information)' newest research report, the “Permanent Magnets Industry Forecast” looks at past sales and reviews total world Permanent Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Permanent Magnets sales for 2023 through 2029. With Permanent Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Permanent Magnets industry.

This Insight Report provides a comprehensive analysis of the global Permanent Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Permanent Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Permanent Magnets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Permanent Magnets.

The global Permanent Magnets market size is projected to grow from US$ 11400 million in 2022 to US$ 18560 million in 2029; it is expected to grow at a CAGR of 18560 from 2023 to 2029.

Global permanent magnets key players include Hitachi Metals, TDK, DMEGC, etc. The top three players of Permanent Magnets Filters account for approximately 12% of the total market. European Economic Area is the largest market of Permanent Magnets accounting for about 8%, followed USA. In terms of product, rare earth magnet is the largest segment, with a share about 72%. And in terms of application, the largest application is electro-acoustic products, followed by automotive industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnets market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Ferrite Magnet

Rare Earth Magnet

Segmentation by application

Electro-Acoustic Products

Toy Industry

Automotive Industry

Home Appliance Industry

Computer and Office Equipment

Aerospace & Defense

Energy

Medical

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hitachi Metals

TDK

DMEGC

Guangdong JPMF

Sinomag

Union Materials

Tokyo Ferrite

BGRIMM Magnetic Materials

Hunan Aerospace Magnet &Magneto

Zhejiang Kaiven Magnet

Guangzhou Golden South

Shunde Baling Group

Meizhou Magnetic Materials

Shin-Etsu

Beijing Zhong Ke San Huan Hi-Tech

JL MAG Rare-Earth

Yunsheng Company

Zhenghai Magnetics

Earth-Panda Magnet

Key Questions Addressed in this Report

What is the 10-year outlook for the global Permanent Magnets market?

What factors are driving Permanent Magnets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Permanent Magnets market opportunities vary by end market size?

How does Permanent Magnets break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.