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PUBLISHER: TechNavio | PRODUCT CODE: 1446165
PUBLISHER: TechNavio | PRODUCT CODE: 1446165
Global Magnet Market 2024-2028
PUBLISHED:
PAGES: 171 Pages
DELIVERY TIME: 1-2 business days
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The magnet market is forecasted to grow by USD 17.54 bn during 2023-2028, accelerating at a CAGR of 7.89% during the forecast period. The report on the magnet market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for magnets from automobile sector, growing demand for defense aircraft increasing government expenditure on defense, and increased applicability of magnets in storage technology.
Technavio's magnet market is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 6.59% |
| CAGR | 7.89% |
| Incremental Value | $17.54bn |
By Type
- Permanent
- Electromagnet
By End-user
- Consumer goods and electronics
- Automotive
- General industry
- Aerospace and defense
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing use of nanocrystalline magnetic particles in the biomedical industry as one of the prime reasons driving the magnet market growth during the next few years. Also, AI simulations for magnetic material geometry design and increased emphasis on semi-hard magnets will lead to sizable demand in the market.
The report on the magnet market covers the following areas:
- Magnet market sizing
- Magnet market forecast
- Magnet market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnet market vendors including Adams Magnetic Products, Arnold Magnetic Technologies Corp., Ashvini Magnets Pvt. Ltd., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, DURA MAGNETS PVT. LTD., Electron Energy Corp., Gayatri Magnet, Goudsmit Magnetics Groep BV, Hangzhou Permanent Magnet Group. Ltd., HGT ADVANCED MAGNETS CO. LTD., Magnequench International LLC, Master Magnetics Inc., Ningbo Co-Star Materials Hi-Tech Co. Ltd., NingBo NingGang Permanent Magnetic Materials Co. Ltd., Ningbo Yunsheng Co. Ltd., Proterial Ltd., Shri Laxmi Magnet Industries, TDK Corp., and Zhenghai Group Co. Ltd. Also, the magnet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Product Code: IRTNTR71649
Table of Contents
1 Executive Summary
- 1.1 Market overview
2 Market Landscape
- 2.1 Market ecosystem
3 Market Sizing
- 3.1 Market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
- 4.1 Global magnet market 2018 - 2022
- 4.2 Type Segment Analysis 2018 - 2022
- 4.3 End-user Segment Analysis 2018 - 2022
- 4.4 Geography Segment Analysis 2018 - 2022
- 4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
- 5.1 Five forces summary
- 5.2 Bargaining power of buyers
- 5.3 Bargaining power of suppliers
- 5.4 Threat of new entrants
- 5.5 Threat of substitutes
- 5.6 Threat of rivalry
- 5.7 Market condition
6 Market Segmentation by Type
- 6.1 Market segments
- 6.2 Comparison by Type
- 6.3 Permanent - Market size and forecast 2023-2028
- 6.4 Electromagnet - Market size and forecast 2023-2028
- 6.5 Market opportunity by Type
7 Market Segmentation by End-user
- 7.1 Market segments
- 7.2 Comparison by End-user
- 7.3 Consumer goods and electronics - Market size and forecast 2023-2028
- 7.4 Automotive - Market size and forecast 2023-2028
- 7.5 General industry - Market size and forecast 2023-2028
- 7.6 Aerospace and defense - Market size and forecast 2023-2028
- 7.7 Others - Market size and forecast 2023-2028
- 7.8 Market opportunity by End-user
8 Customer Landscape
- 8.1 Customer landscape overview
9 Geographic Landscape
- 9.1 Geographic segmentation
- 9.2 Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- 9.4 North America - Market size and forecast 2023-2028
- 9.5 Europe - Market size and forecast 2023-2028
- 9.6 South America - Market size and forecast 2023-2028
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- 9.8 China - Market size and forecast 2023-2028
- 9.9 US - Market size and forecast 2023-2028
- 9.10 Japan - Market size and forecast 2023-2028
- 9.11 India - Market size and forecast 2023-2028
- 9.12 Germany - Market size and forecast 2023-2028
- 9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- 11.3 Landscape disruption
- 11.4 Industry risks
12 Vendor Analysis
- 12.1 Vendors covered
- 12.2 Market positioning of vendors
- 12.3 Adams Magnetic Products
- 12.4 Arnold Magnetic Technologies Corp.
- 12.5 Ashvini Magnets Pvt. Ltd.
- 12.6 Daido Steel Co. Ltd.
- 12.7 DEXTER MAGNETIC TECHNOLOGIES
- 12.8 DURA MAGNETS PVT. LTD.
- 12.9 Electron Energy Corp.
- 12.10 Goudsmit Magnetics Groep BV
- 12.11 Hangzhou Permanent Magnet Group. Ltd.
- 12.12 HGT ADVANCED MAGNETS CO. LTD.
- 12.13 Magnequench International LLC
- 12.14 Master Magnetics Inc.
- 12.15 NingBo NingGang Permanent Magnetic Materials Co. Ltd.
- 12.16 Ningbo Yunsheng Co. Ltd.
- 12.17 Proterial Ltd.
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- 13.3 Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 List of abbreviations
Product Code: IRTNTR71649
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Type
- Exhibits6: Executive Summary - Chart on Market Segmentation by End-user
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Historic Market Size - Data Table on global magnet market 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- Exhibits20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Type - Market share 2023-2028 (%)
- Exhibits31: Data Table on Type - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Type
- Exhibits33: Data Table on Comparison by Type
- Exhibits34: Chart on Permanent - Market size and forecast 2023-2028 ($ billion)
- Exhibits35: Data Table on Permanent - Market size and forecast 2023-2028 ($ billion)
- Exhibits36: Chart on Permanent - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Permanent - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Electromagnet - Market size and forecast 2023-2028 ($ billion)
- Exhibits39: Data Table on Electromagnet - Market size and forecast 2023-2028 ($ billion)
- Exhibits40: Chart on Electromagnet - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Electromagnet - Year-over-year growth 2023-2028 (%)
- Exhibits42: Market opportunity by Type ($ billion)
- Exhibits43: Data Table on Market opportunity by Type ($ billion)
- Exhibits44: Chart on End-user - Market share 2023-2028 (%)
- Exhibits45: Data Table on End-user - Market share 2023-2028 (%)
- Exhibits46: Chart on Comparison by End-user
- Exhibits47: Data Table on Comparison by End-user
- Exhibits48: Chart on Consumer goods and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibits49: Data Table on Consumer goods and electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibits50: Chart on Consumer goods and electronics - Year-over-year growth 2023-2028 (%)
- Exhibits51: Data Table on Consumer goods and electronics - Year-over-year growth 2023-2028 (%)
- Exhibits52: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
- Exhibits53: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
- Exhibits54: Chart on Automotive - Year-over-year growth 2023-2028 (%)
- Exhibits55: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
- Exhibits56: Chart on General industry - Market size and forecast 2023-2028 ($ billion)
- Exhibits57: Data Table on General industry - Market size and forecast 2023-2028 ($ billion)
- Exhibits58: Chart on General industry - Year-over-year growth 2023-2028 (%)
- Exhibits59: Data Table on General industry - Year-over-year growth 2023-2028 (%)
- Exhibits60: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ billion)
- Exhibits61: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ billion)
- Exhibits62: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
- Exhibits63: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
- Exhibits64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibits66: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibits67: Data Table on Others - Year-over-year growth 2023-2028 (%)
- Exhibits68: Market opportunity by End-user ($ billion)
- Exhibits69: Data Table on Market opportunity by End-user ($ billion)
- Exhibits70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits71: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits73: Chart on Geographic comparison
- Exhibits74: Data Table on Geographic comparison
- Exhibits75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits82: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits89: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits90: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits98: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits99: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits101: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits102: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits107: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits108: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibits109: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibits110: Data Table on India - Year-over-year growth 2023-2028 (%)
- Exhibits111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits113: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits115: Market opportunity By Geographical Landscape ($ billion)
- Exhibits116: Data Tables on Market opportunity By Geographical Landscape ($ billion)
- Exhibits117: Impact of drivers and challenges in 2023 and 2028
- Exhibits118: Overview on Criticality of inputs and Factors of differentiation
- Exhibits119: Overview on factors of disruption
- Exhibits120: Impact of key risks on business
- Exhibits121: Vendors covered
- Exhibits122: Matrix on vendor position and classification
- Exhibits123: Adams Magnetic Products - Overview
- Exhibits124: Adams Magnetic Products - Product / Service
- Exhibits125: Adams Magnetic Products - Key offerings
- Exhibits126: Arnold Magnetic Technologies Corp. - Overview
- Exhibits127: Arnold Magnetic Technologies Corp. - Product / Service
- Exhibits128: Arnold Magnetic Technologies Corp. - Key offerings
- Exhibits129: Ashvini Magnets Pvt. Ltd. - Overview
- Exhibits130: Ashvini Magnets Pvt. Ltd. - Product / Service
- Exhibits131: Ashvini Magnets Pvt. Ltd. - Key offerings
- Exhibits132: Daido Steel Co. Ltd. - Overview
- Exhibits133: Daido Steel Co. Ltd. - Business segments
- Exhibits134: Daido Steel Co. Ltd. - Key offerings
- Exhibits135: Daido Steel Co. Ltd. - Segment focus
- Exhibits136: DEXTER MAGNETIC TECHNOLOGIES - Overview
- Exhibits137: DEXTER MAGNETIC TECHNOLOGIES - Product / Service
- Exhibits138: DEXTER MAGNETIC TECHNOLOGIES - Key offerings
- Exhibits139: DURA MAGNETS PVT. LTD. - Overview
- Exhibits140: DURA MAGNETS PVT. LTD. - Product / Service
- Exhibits141: DURA MAGNETS PVT. LTD. - Key offerings
- Exhibits142: Electron Energy Corp. - Overview
- Exhibits143: Electron Energy Corp. - Product / Service
- Exhibits144: Electron Energy Corp. - Key offerings
- Exhibits145: Goudsmit Magnetics Groep BV - Overview
- Exhibits146: Goudsmit Magnetics Groep BV - Product / Service
- Exhibits147: Goudsmit Magnetics Groep BV - Key offerings
- Exhibits148: Hangzhou Permanent Magnet Group. Ltd. - Overview
- Exhibits149: Hangzhou Permanent Magnet Group. Ltd. - Product / Service
- Exhibits150: Hangzhou Permanent Magnet Group. Ltd. - Key offerings
- Exhibits151: HGT ADVANCED MAGNETS CO. LTD. - Overview
- Exhibits152: HGT ADVANCED MAGNETS CO. LTD. - Product / Service
- Exhibits153: HGT ADVANCED MAGNETS CO. LTD. - Key offerings
- Exhibits154: Magnequench International LLC - Overview
- Exhibits155: Magnequench International LLC - Key offerings
- Exhibits156: Master Magnetics Inc. - Overview
- Exhibits157: Master Magnetics Inc. - Product / Service
- Exhibits158: Master Magnetics Inc. - Key offerings
- Exhibits159: NingBo NingGang Permanent Magnetic Materials Co. Ltd. - Overview
- Exhibits160: NingBo NingGang Permanent Magnetic Materials Co. Ltd. - Product / Service
- Exhibits161: NingBo NingGang Permanent Magnetic Materials Co. Ltd. - Key offerings
- Exhibits162: Ningbo Yunsheng Co. Ltd. - Overview
- Exhibits163: Ningbo Yunsheng Co. Ltd. - Product / Service
- Exhibits164: Ningbo Yunsheng Co. Ltd. - Key offerings
- Exhibits165: Proterial Ltd. - Overview
- Exhibits166: Proterial Ltd. - Product / Service
- Exhibits167: Proterial Ltd. - Key offerings
- Exhibits168: Inclusions checklist
- Exhibits169: Exclusions checklist
- Exhibits170: Currency conversion rates for US$
- Exhibits171: Research methodology
- Exhibits172: Validation techniques employed for market sizing
- Exhibits173: Information sources
- Exhibits174: List of abbreviations
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