PUBLISHER: TechNavio | PRODUCT CODE: 1915422
PUBLISHER: TechNavio | PRODUCT CODE: 1915422
The global soft magnetic material market is forecasted to grow by USD 3886.8 mn during 2024-2029, accelerating at a CAGR of 6.1% during the forecast period. The report on the global soft magnetic material 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 accelerated electrification of global automotive fleet sector, increased investment in magnetic materials, increasing demand of energy efficient electrical equipment.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 5.8% |
| CAGR | 6.1% |
| Incremental Value | $3886.8 mn |
Technavio's global soft magnetic material market is segmented as below:
By End-User
By Product
By Application
Geography
This study identifies the accelerated electrification of automotive and transportation sector as one of the prime reasons driving the global soft magnetic material market growth during the next few years. Also, AI simulations for magnetic material geometry design and increasing use of nanocrystalline magnetic particles in biomedical industry will lead to sizable demand in the market.
The report on the global soft magnetic material market covers the following areas:
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 global soft magnetic material market vendors that include Daido Steel Co. Ltd., Fluxtrol Inc., GKN Sinter Metals Engineering GmbH, Guangdong Lingyi Zhizhi Manufacturing Co. Ltd., Hengdian Group Holdings Ltd., Hitachi Ltd., Hoganas AB, JFE Holdings Inc., Mate Co. Ltd., Merck KGaA, Nippon Steel Corp., Rio Tinto Ltd., Samwha Electronics, Sintered Specialties LLC, Sintex AS, Steward Advanced Materials LLC, TDG Holding Co. Ltd., TDK Corp., Toshiba Corp., Vacuumschmelze GmbH and Co. KG. Also, the global soft magnetic material 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 publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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.