52% of Growth to Originate from APAC for Permanent Magnets Market | Evolving Opportunities with Adams Magnetic Products & Arnold Magnetic Technologies Corp. | 17000+ Technavio Report
NEW YORK, Dec. 22, 2021 -- 52% of the growth will originate from APAC for the permanent magnets market. China, Japan, and India are the key markets for permanent magnets in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The growing demand from data centers for hard drives will facilitate the permanent magnets market growth in APAC over the forecast period.
The permanent magnets market is expected to grow by USD 13.63 billion and the market is expected to grow at a CAGR of 10.10% from 2021 to 2026, as per the latest report by Technavio.
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Read the 120-page report with TOC on "Permanent Magnets Market Analysis Report by Material (neodymium iron boron magnets, ferrite magnets, samarium cobalt magnets, and alnico magnets) and Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/permanent-magnets-market-industry-analysis
Permanent Magnets Market - Driver & Challenge
The permanent magnets market is driven by the increasing demand from the automobile sector. However, the factors such as fluctuating cost of raw materials may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Permanent Magnets Market - Revenue Generating Segmentation
The permanent magnets market share growth by the Neodymium-Iron-Boron (NdFeB) magnets segment will be significant for revenue generation. Some of the factors which augment the growth of the NdFeB magnets segment across the globe include the increasing and extensive applications of NdFeB magnets in sectors such as electronics, military, automotive, heartcare, and others, along with limited availability of substitutes. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the permanent magnets market size and actionable market insights on each segment.
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Some of key Permanent Magnets Players:
The permanent magnets market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
- Adams Magnetic Products
- Arnold Magnetic Technologies Corp.
- Bunting Magnetics Co.
- Chengdu Galaxy Magnets Co. Ltd.
- Earth-Panda Advance Magnetic Material Co.Ltd.
- Electron Energy Corp.
- Goudsmit Magnetics Groep BV
- Hitachi Ltd.
- Ningbo Yunsheng Co. Ltd.
- Yantai Dongxing Magnetic Materials Inc.
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Permanent Magnets Market Material Outlook (Revenue, USD bn, 2021-2026)
- Neodymium iron boron magnets - size and forecast 2021-2026
- Ferrite magnets - size and forecast 2021-2026
- Samarium cobalt magnets - size and forecast 2021-2026
- Alnico magnets - size and forecast 2021-2026
Permanent Magnets Market Geography Outlook (Revenue, USD bn, 2021-2026)
- APAC - size and forecast 2021-2026
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
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Permanent Magnets Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.10% |
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Market growth 2022-2026 |
USD 13.63 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.67 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
China, US, Japan, Germany, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Adams Magnetic Products, Arnold Magnetic Technologies Corp., Bunting Magnetics Co., Chengdu Galaxy Magnets Co. Ltd., Earth-Panda Advance Magnetic Material Co.Ltd., Electron Energy Corp., Goudsmit Magnetics Groep BV, Hitachi Ltd., Ningbo Yunsheng Co. Ltd., and Yantai Dongxing Magnetic Materials Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio