PUBLISHER: IMARC | PRODUCT CODE: 1729508
PUBLISHER: IMARC | PRODUCT CODE: 1729508
The Japan NdFeB (Neodymium-Iron-Boron) magnet market size reached USD 982.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,083.0 Million by 2033, exhibiting a growth rate (CAGR) of 1.1% during 2025-2033.
NdFeB magnets represent the strongest type of permanent magnets. They have replaced other types of magnets in several machinery, equipment and appliances that require strong permanent magnets, such as motors in cordless tools, hard disk drives, magnetic fasteners, etc.
Japan represents the second largest market for NdFeB magnets. Some of the world's biggest electronics and automobile manufacturers such as Hitachi, Panasonic, Sony, Toyota, Nissan, Honda, etc are based in Japan, driving the demand of these magnets in the country. NdFeB magnets are widely used in Japan in the field of energy and energy saving applications because of their unique features such as portable size, light weight, strong magnetic force and energy saving ability. These magnets are mainly used in wind turbines, energy-efficient elevators, electric bicycles, hybrid vehicles, computer hard disk drives, medical equipment, consumer electronics, etc.
IMARC Group's latest report provides a deep insight into the Japan neodymium-iron-boron magnet market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Japan neodymium-iron-boron magnet market in any manner.
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape