Soft Magnetic Material Market Report: Trends, Forecast and Competitive Analysis to 2030

Soft Magnetic Material Trends and Forecast

The future of the global soft magnetic material market looks promising with opportunities in the motor, transformer, and alternator markets. The global soft magnetic material market is expected to reach an estimated $24.5 billion by 2030 with a CAGR of 3.3% from 2024 to 2030. The major drivers for this market are increasing expenditures in the energy distribution industry, rise in the automotive industry's need for soft magnetic materials, and growing investments in the production of medical equipment, power transmission, and electric vehicle manufacturing.

A more than 150-page report is developed to help in your business decisions.

Soft Magnetic Material by Segment

The study includes a forecast for the global soft magnetic material by material, application, end use industry, and region.

Soft Magnetic Material Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Cobalt
• Iron
• Nickel
• Electric Steel
• Others

Soft Magnetic Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Motors
• Transformers
• Alternators
• Others

Soft Magnetic Material Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Electrical & Electronics
• Telecommunication
• Energy & Power
• Others

Soft Magnetic Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Soft Magnetic Material 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 soft magnetic material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft magnetic material companies profiled in this report include-

• Arnold Magnetic Technologies
• GKN Sinter Metals Engineering
• Hitachi Metals Group
• JFE Steel Group
• Mahindra CIE
• MATE
• Meyer Sintermetall
• Sintered Specialties
• Steward Advanced Materials
• VACUUMSCHMELZE

Soft Magnetic Material Market Insights

Lucintel forecasts that electric steel is expected to witness the highest growth over the forecast period because the electrical steel has several uses in engines, generators, transformers, and alternators, as well as, it has outstanding qualities such as high electrical resistance to iron, high permeability, and low coerciveness.

APAC is expected to witness highest growth over the forecast period due to expanding number of automakers and increased funding for the development of cutting-edge electronics and telecommunications sectors in the region.

Features of the Global Soft Magnetic Material Market

Market Size Estimates: Soft magnetic material 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: Soft magnetic material market size by material, application, end use industry, and region in terms of value ($B).

Regional Analysis: Soft magnetic material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material, application, end use industry, and regions for the soft magnetic material market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the soft magnetic material market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the soft magnetic material market size?

Answer: The global soft magnetic material market is expected to reach an estimated $24.5 billion by 2030.

Q2. What is the growth forecast for soft magnetic material market?

Answer: The global soft magnetic material market is expected to grow with a CAGR of 3.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the soft magnetic material market?

Answer: The major drivers for this market are increasing expenditures in the energy distribution industry, rise in the automotive industry's need for soft magnetic materials and growing investments in the production of medical equipment, power transmission, and electric vehicle manufacturing.

Q4. What are the major segments for soft magnetic material market?

Answer: The future of the soft magnetic material market looks promising with opportunities in the motor, transformer, and alternator markets.

Q5. Who are the key soft magnetic material market companies?

Answer: Some of the key soft magnetic material companies are as follows.

• Arnold Magnetic Technologies
• GKN Sinter Metals Engineering
• Hitachi Metals Group
• JFE Steel Group
• Mahindra CIE
• MATE
• Meyer Sintermetall
• Sintered Specialties
• Steward Advanced Materials
• VACUUMSCHMELZE

Q6. Which soft magnetic material market segment will be the largest in future?

Answer: Lucintel forecasts that electric steel is expected to witness the highest growth over the forecast period because the electrical steel has several uses in engines, generators, transformers, and alternators, as well as, it has outstanding qualities such as high electrical resistance to iron, high permeability, and low coerciveness.

Q7. In soft magnetic material 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 expanding number of automakers and increased funding for the development of cutting-edge electronics and telecommunications sectors 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 soft magnetic material market by material (cobalt, iron, nickel, electric steel, and others), application (motors, transformers, alternators, and others), end use industry (automotive, electrical & electronics, telecommunication, energy & power, 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?