Permanent Magnet Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine
The global permanent magnet market is expected to grow at a CAGR of around 7.0% during 2025-2034. This report on global permanent magnet market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global permanent magnet market by segmenting the market based on material, application, and region. Also, detailed profiles of companies operating in the permanent magnet market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Rising Automotive Market
• Advancements in Manufacturing Technologies
Market Challenges
• High Price
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Material
• Ferrite
• Neodymium Iron Boron (NdFeB)
• Aluminum Nickel Cobalt (Alnico)
• Samarium Cobalt (SmCo)
Market by Application
• Automotive
• Consumer Goods & Electronics
• Industrial
• Aerospace & Defense
• Energy
• Medical
• Other Applications
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Permanent Magnet Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Permanent Magnet Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Permanent Magnet Market by Material
- 5.1. Introduction
- 5.2. Ferrite
- 5.3. Neodymium Iron Boron (NdFeB)
- 5.4. Aluminum Nickel Cobalt (Alnico)
- 5.5. Samarium Cobalt (SmCo)
- 6. Global Permanent Magnet Market by Application
- 6.1. Introduction
- 6.2. Automotive
- 6.3. Consumer Goods & Electronics
- 6.4. Industrial
- 6.5. Aerospace & Defense
- 6.6. Energy
- 6.7. Medical
- 6.8. Other Applications
- 7. Global Permanent Magnet Market by Region
- 7.1. Introduction
- 7.2. Europe
- 7.2.1. Germany
- 7.2.2. United Kingdom
- 7.2.3. France
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
- 7.2.7. Netherlands
- 7.2.8. Rest of the Europe
- 7.3. North America
- 7.3.1. United States
- 7.3.2. Canada
- 7.4. Asia Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. South Korea
- 7.4.5. Australia
- 7.4.6. Indonesia
- 7.4.7. Rest of the Asia Pacific
- 7.5. Latin America
- 7.5.1. Mexico
- 7.5.2. Brazil
- 7.5.3. Argentina
- 7.5.4. Rest of Latin America
- 7.6. Middle East & Africa
- 7.6.1. Saudi Arabia
- 7.6.2. Turkey
- 7.6.3. Iran
- 7.6.4. United Arab Emirates
- 7.6.5. Rest of Middle East & Africa
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Company Profiles
- 11.2.1. Anhui Earth Bear New Materials Co., Ltd
- 11.2.2. Arnold Magnetic Technologies
- 11.2.3. Daido Steel Co. Ltd.
- 11.2.4. Galaxymagnets
- 11.2.5. GKN Powder Metallurgy
- 11.2.6. Goudsmit Magnetics
- 11.2.7. Hitachi Metals, Ltd.
- 11.2.8. Lynas Rare Earths Ltd
- 11.2.9. Shin-Etsu Chemical Co., Ltd.
- 11.2.10. TDK Corporation
- List of Figures
- Figure 1: Global Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 2: Global Permanent Magnet Market by Material, 2024
- Figure 3: Global Permanent Magnet Market by Application, 2024
- Figure 4: Global Permanent Magnet Market by Region, 2024
- Figure 5: Global Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 6: Global Permanent Magnet Market by Material (in %), 2024 & 2034
- Figure 7: Global Ferrite Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 8: Global Ferrite Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 9: Global Neodymium Iron Boron (NdFeB) Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 10: Global Neodymium Iron Boron (NdFeB) Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 11: Global Aluminum Nickel Cobalt (Alnico) Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 12: Global Aluminum Nickel Cobalt (Alnico) Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 13: Global Samarium Cobalt (SmCo) Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 14: Global Samarium Cobalt (SmCo) Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 15: Global Permanent Magnet Market by Application (in %), 2024 & 2034
- Figure 16: Global Automotive Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 17: Global Automotive Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 18: Global Consumer Goods & Electronics Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 19: Global Consumer Goods & Electronics Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 20: Global Industrial Encapsulation Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 21: Global Industrial Encapsulation Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 22: Global Aerospace & Defense Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 23: Global Aerospace & Defense Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 24: Global Energy Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 25: Global Energy Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 26: Global Medical Industrial Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 27: Global Medical Industrial Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 28: Global Other Applications Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 29: Global Other Applications Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 30: Global Permanent Magnet Market by Region (in %), 2024 & 2034
- Figure 31: Europe Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 32: Europe Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 33: Europe Permanent Magnet Market by Country (in %), 2024 & 2034
- Figure 34: Germany Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 35: United Kingdom Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 36: France Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 37: Italy Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 38: Spain Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 39: Russia Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 40: Netherlands Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 41: North America Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 42: North America Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 43: North America Permanent Magnet Market by Country (in %), 2024 & 2034
- Figure 44: United States Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 45: Canada Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 46: Asia Pacific Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 47: Asia Pacific Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 48: Asia Pacific Permanent Magnet Market by Country (in %), 2024 & 2034
- Figure 49: China Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 50: Japan Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 51: India Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 52: South Korea Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 53: Australia Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 54: Indonesia Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 55: Latin America Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 56: Latin America Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 57: Latin America Permanent Magnet Market by Country (in %), 2024 & 2034
- Figure 58: Mexico Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 59: Brazil Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 60: Argentina Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 61: Middle East & Africa Permanent Magnet Market (in US$ Million), 2020-2024
- Figure 62: Middle East & Africa Permanent Magnet Market (in US$ Million), 2025-2034
- Figure 63: Middle East & Africa Permanent Magnet Market by Country (in %), 2024 & 2034
- Figure 64: Saudi Arabia Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 65: Turkey Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 66: Iran Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 67: UAE Permanent Magnet Market (in US$ Million), 2020-2034
- Figure 68: Market Value Chain
- List of Tables
- Table 1: Global Permanent Magnet Market Portraiture
- Table 2: Global Permanent Magnet Market by Material (in US$ Million), 2024 & 2034
- Table 3: Global Permanent Magnet Market by Application (in US$ Million), 2024 & 2034
- Table 4: Global Permanent Magnet Market by Region (in US$ Million), 2024 & 2034
- Table 5: Europe Permanent Magnet Market by Country (in US$ Million), 2024 & 2034
- Table 6: North America Permanent Magnet Market by Country (in US$ Million), 2024 & 2034
- Table 7: Asia Pacific Permanent Magnet Market by Country (in US$ Million), 2024 & 2034
- Table 8: Latin America Permanent Magnet Market by Country (in US$ Million), 2024 & 2034
- Table 9: Middle East & Africa Permanent Magnet Market by Country (in US$ Million),
- 2024 & 2034
- Table 10: List of Key Players
Research Assistance
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