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NdFeB Magnet Trends and Forecast
The future of the global NdFeB magnet market looks promising with opportunities in the automotive, electronic, power generator, and medical markets. The global NdFeB magnet market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing emphasis on renewable energy sources, rising consumer electronics device manufacturing, and the expanding utilization of NdFeB magnets in the biomedical sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
NdFeB Magnet by Segment
The study includes a forecast for the global NdFeB magnet by type, end use, and region.
NdFeB Magnet Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Sintered
• Bonded
NdFeB Magnet Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Electronics
• Power Generators
• Medical
• Wind Power
• Others
NdFeB Magnet Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of NdFeB Magnet Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies NdFeB magnet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the NdFeB magnet companies profiled in this report include-
• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
• Tengam Engineering
• Bunting Magnetic Products
• Electron Energy Corporation
• Tdk Corporation
• Hitachi Metals
NdFeB Magnet Market Insights
Lucintel forecasts that sintered will remain the larger segment due to significant use in electric vehicles, electronics, power plants, medical devices, and other applications, as well as, enhancing the performance of electric motors to extend driving ranges and reduce energy consumption.
APAC will remain the largest region due to the increasing need for high-performance magnets in various industrial sectors, including automotive, electronics, energy, and healthcare applications in this region.
Features of the Global NdFeB Magnet Market
Market Size Estimates: Ndfeb magnet market market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ndfeb magnet market market size by type, end use, and region in terms of value ($B).
Regional Analysis: Ndfeb magnet market market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the NdFeB magnet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the NdFeB magnet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the NdFeB magnet market size?
Answer: The global NdFeB magnet market is expected to reach an estimated $3.7 billion by 2030.
Q.2 What is the growth forecast for NdFeB magnet market?
Answer: The global NdFeB magnet market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the NdFeB magnet market?
Answer: The major drivers for this market are growing emphasis on renewable energy sources, rising consumer electronics device manufacturing, and the expanding utilization of NdFeB magnets in the biomedical sectors.
Q4. What are the major segments for NdFeB magnet market?
Answer: The future of the global NdFeB magnet market looks promising with opportunities in the automotive, electronic, power generator, and medical markets.
Q5. Who are the key NdFeB magnet market companies?
Answer: Some of the key NdFeB magnet companies are as follows:
• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
• Tengam Engineering
• Bunting Magnetic Products
• Electron Energy Corporation
• Tdk Corporation
• Hitachi Metals
Q6. Which NdFeB magnet market segment will be the largest in future?
Answer: Lucintel forecasts that sintered will remain the larger segment due to significant use in electric vehicles, electronics, power plants, medical devices, and other applications, as well as, enhancing the performance of electric motors to extend driving ranges and reduce energy consumption.
Q7. In NdFeB magnet market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the increasing need for high-performance magnets in various industrial sectors, including automotive, electronics, energy, and healthcare applications in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the NdFeB magnet market by type (sintered and bonded), end use (automotive, electronics, power generators, medical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Ndfeb Magnet Market, Ndfeb Magnet Market Size, Ndfeb Magnet Market Growth, Ndfeb Magnet Market Analysis, Ndfeb Magnet Market Report, Ndfeb Magnet Market Share, Ndfeb Magnet Market Trends, Ndfeb Magnet Market Forecast, Ndfeb Magnet Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global NdFeB Magnet Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global NdFeB Magnet Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Ndfeb Magnet Market by Type
3.3.1: Sintered
3.3.2: Bonded
3.4: Global Ndfeb Magnet Market by End Use
3.4.1: Automotive
3.4.2: Electronics
3.4.3: Power Generators
3.4.4: Medical Industry
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Ndfeb Magnet Market by Region
4.2: North American Ndfeb Magnet Market
4.2.2: North American Ndfeb Magnet Market by End Use: Automotive, Electronics, Power Generators, Medical Industry, and Others
4.3: European Ndfeb Magnet Market
4.3.1: European Ndfeb Magnet Market by Type: Sintered and Bonded
4.3.2: European Ndfeb Magnet Market by End Use: Automotive, Electronics, Power Generators, Medical Industry, and Others
4.4: APAC Ndfeb Magnet Market
4.4.1: APAC Ndfeb Magnet Market by Type: Sintered and Bonded
4.4.2: APAC Ndfeb Magnet Market by End Use: Automotive, Electronics, Power Generators, Medical Industry, and Others
4.5: ROW Ndfeb Magnet Market
4.5.1: ROW Ndfeb Magnet Market by Type: Sintered and Bonded
4.5.2: ROW Ndfeb Magnet Market by End Use: Automotive, Electronics, Power Generators, Medical Industry, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global NdFeB Magnet Market by Type
6.1.2: Growth Opportunities for the Global NdFeB Magnet Market by End Use
6.1.3: Growth Opportunities for the Global NdFeB Magnet Market by Region
6.2: Emerging Trends in the Global NdFeB Magnet Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global NdFeB Magnet Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global NdFeB Magnet Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Arnold Magnetic Technologies
7.2: Eclipse Magnetics
7.3: Goudsmith Magnetics
7.4: Chengdu Galaxy Magnets
7.5: Ningbo Yunsheng
7.6: Tengam Engineering
7.7: Bunting Magnetic Products
7.8: Electron Energy Corporation
7.9: TDK Corporation
7.10: Hitachi Metals
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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