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Neodymium Magnet Trends and Forecast
The future of the global neodymium magnet market looks promising with opportunities in the consumer electronic, automotive, general industrial, medical devices, and energy markets. The global neodymium magnet market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for neodymium magnets from wind energy and electric vehicle industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Neodymium Magnet by Segment
The study includes a forecast for the global neodymium magnet by product, type, end use, and region.
Neodymium Magnet Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Sintered
• Bonded
Neodymium Magnet Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Neodymium-Iron-Boron (NDFEB) Magnets
• Samarium-Cobalt (SMCO) Magnets
Neodymium Magnet Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Consumer Electronics
• Automotive
• General Industrial
• Medical Devices
• Energy
• Others
Neodymium Magnet Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Neodymium 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 neodymium magnet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the neodymium magnet companies profiled in this report include-
• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
Neodymium Magnet Market Insights
Lucintel forecasts that sintered is expected to witness the higher growth over the forecast period due to swift adoption in automobiles, electronics, power generators, and the medical industry.
Within this market, consumer electronic will remain the largest segment due to rise in consumer disposable income and technical improvements.
APAC is expected to witness highest growth over the forecast period due to growing demand from the manufacturing sector and easy availability of raw materials in the region.
Features of the Global Neodymium Magnet Market
Market Size Estimates: Neodymium magnet 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: Neodymium magnet market size by product, type, end use, and region in terms of value ($B).
Regional Analysis: Neodymium magnet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, types, end uses, and regions for the neodymium magnet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the neodymium magnet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the neodymium magnet market size?
Answer: The global neodymium magnet market is expected to reach an estimated $3.5 billion by 2030.
Q2. What is the growth forecast for neodymium magnet market?
Answer: The global neodymium magnet market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the neodymium magnet market?
Answer: The major drivers for this market are increasing demand for neodymium magnets from wind energy and electric vehicle industries.
Q4. What are the major segments for neodymium magnet market?
Answer: The future of the neodymium magnet market looks promising with opportunities in the consumer electronic, automotive, general industrial, medical devices, and energy markets.
Q5. Who are the key neodymium magnet market companies?
Answer: Some of the key neodymium magnet companies are as follows:
• Arnold Magnetic Technologies
• Eclipse Magnetics
• Goudsmith Magnetics
• Chengdu Galaxy Magnets
• Ningbo Yunsheng
Q6. Which neodymium magnet market segment will be the largest in future?
Answer: Lucintel forecasts that sintered is expected to witness the higher growth over the forecast period due to swift adoption in automobiles, electronics, power generators, and the medical industry.
Q7. In neodymium magnet market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing demand from the manufacturing sector and easy availability of raw materials in the 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 neodymium magnet market by product (sintered and bonded), type (neodymium-iron-boron (NDFEB) magnets and samarium-cobalt (SMCO) magnets), end use (consumer electronics, automotive, general industrial, medical devices, energy, 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 Neodymium Magnet Market, Neodymium Magnet Market Size, Neodymium Magnet Market Growth, Neodymium Magnet Market Analysis, Neodymium Magnet Market Report, Neodymium Magnet Market Share, Neodymium Magnet Market Trends, Neodymium Magnet Market Forecast, Neodymium 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 Neodymium 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 Neodymium Magnet Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Neodymium Magnet Market by Product
3.3.1: Sintered
3.3.2: Bonded
3.4: Global Neodymium Magnet Market by Type
3.4.1: Neodymium-Iron-Boron (NdFeB) Magnets
3.4.2: Samarium-Cobalt (SmCo) Magnets
3.5: Global Neodymium Magnet Market by End Use
3.5.1: Consumer Electronics
3.5.2: Automotive
3.5.3: General Industrial
3.5.4: Medical Devices
3.5.5: Energy
3.5.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Neodymium Magnet Market by Region
4.2: North American Neodymium Magnet Market
4.2.2: North American Neodymium Magnet Market by End Use: Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, and Others
4.3: European Neodymium Magnet Market
4.3.1: European Neodymium Magnet Market by Product: Sintered and Bonded
4.3.2: European Neodymium Magnet Market by End Use: Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, and Others
4.4: APAC Neodymium Magnet Market
4.4.1: APAC Neodymium Magnet Market by Product: Sintered and Bonded
4.4.2: APAC Neodymium Magnet Market by End Use: Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, and Others
4.5: ROW Neodymium Magnet Market
4.5.1: ROW Neodymium Magnet Market by Product: Sintered and Bonded
4.5.2: ROW Neodymium Magnet Market by End Use: Consumer Electronics, Automotive, General Industrial, Medical Devices, Energy, 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 Neodymium Magnet Market by Product
6.1.2: Growth Opportunities for the Global Neodymium Magnet Market by Type
6.1.3: Growth Opportunities for the Global Neodymium Magnet Market by End Use
6.1.4: Growth Opportunities for the Global Neodymium Magnet Market by Region
6.2: Emerging Trends in the Global Neodymium Magnet Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Neodymium Magnet Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Neodymium 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
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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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