sales@businessmarketinsights.com +1 646 791 7070 | +91-020 69018608

Permanent Magnet Market Size & Forecast

Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 25.03 Billion
Market Size 2024 · Base Year
US$ 47.30 Billion
Projected Market Size by 2031
9.52%
CAGR · 2025–2031
SHARE
BMIPUB00026228 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Shin-Etsu Chemical, Hitachi Metals, Toyota Tsusho Corporation, General Electric, TDK Corp
350
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • The Growth of Electric Vehicles

  • The Role of Permanent Magnets in Renewable Energy

  • Permanent Magnets in Consumer Electronics

Where Growth Opportunities Exist

Key Opportunities

  • Electric Vehicles Driving Demand for High-Performance Permanent Magnets in Motors

  • Renewable Energy Growth

  • Automation and Robotics

What Could Slow It Down

Market Restraints

  • Raw material volatilit

  • Supply risk

  • Price pressure

Market Segmentation

Coverage by Segment

Type

Neodymium-Iron-Boron
Ferrite
Samarium Cobalt
Alnico

Application

Consumer Electronics
Automotive
Aerospace and Defense
Medical
Industrial Machinery
Energy

Geography

North America
Europe
Asia Pacific
Middle East and Africa
South and Central America
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Shin-Etsu Chemical
Hitachi Metals
Toyota Tsusho Corporation
General Electric
TDK Corp
Armold Magnetic technologies
Galaxy Magnets
Goudsmit Magnetics
Electron Energy Corporation
Dexter Magnetic Technolgies
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 25.03 Billion
Market Size 2031 US$ 47.30 Billion
CAGR 2025–2031 9.52%
Segments By Type (Neodymium-Iron-Boron, Ferrite, Samarium Cobalt, Alnico)  |  By Application (Consumer Electronics, Automotive, Aerospace and Defense, Medical, Industrial Machinery, Energy)  |  By Geography (North America, Europe, Asia Pacific, Middle East and Africa, South and Central America)  |  By Geography (North America, Europe, Asia Pacific, Middle East and Africa, South and Central America)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00026228
Lead Analyst Suraj Sajeev — Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 350 pages of in-depth Permanent Magnet Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.