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Permanent Magnet Market by Type, End-Use Industry - Global Forecast to 2021

Permanent Magnet Market: Global Forecast until 2021

  • March 2017
  • 171 pages
  • ID: 4804574
In this report:
Wind turbines capacity recorded an annual growth of ##% from 2000 to 2011 and is expected to reach ## GW by 2020.
In 2014, automotive production in the U.S. increased by ##.##% reaching ##.## million units from ##.## million units in 2013.
The permanent magnet market in the automotive sector is projected to witness the highest growth in the U.S. This end-use industry accounted for a share of ##.##% of the overall permanent magnet market in 2015, in terms of value.

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"Global permanent magnet market expected to register a CAGR (Compound annual growth rate) of 8.80 percent"

The overall permanent magnet market is estimated to grow ~$22.7B by 2021, at a compound annual growth rate of 8.80 percent from 2016 to 2021. The increasing trend of modernization and electrification to enhance efficiency in different applications including switches, lifts, and sensors is driving the use of permanent magnets globally. The factor restraining the increase of this market is the fluctuating cost of raw materials.

"Neodymium iron boron magnet to be the most important type in the overall permanent magnet market"

The industry for neodymium iron boron magnet is forecasted to be the biggest segment by category in the overall permanent magnet market from 2016 to 2021. Neodymium iron boron magnet is the most widely used permanent magnet as a result of its enhanced properties including high heat resistance, coercivity, and remanence. As well, the increasing demand from the automotive and consumer electronics industries is also fueling the increase of neodymium iron boron magnet segment in the permanent magnet market.

"Consumer electronics to be the most important end-use market of the permanent magnet market during the estimate period"

Consumer electronics is anticipated to be the biggest end-use industry segment of the overall permanent magnet market from 2016 to 2021. The increasing demand for consumer electronics products including printers, fax machines, and scanners is fueling the rise of the permanent magnet market. Also, continuing economic development and growing disposable income levels are also driving the overall permanent magnet market in the consumer electronics industry.

"Asia-Pac to be the most important permanent magnet market during the outlook period"

The Asia Pacific (APAC) area is the biggest permanent magnet market. Strong economic development and substantial investments in sectors like automotive, consumer electronics, and environment & energy are driving the market demand for permanent magnet. With economic contraction and saturation in the European and North American sectors, the industry demand is shifting to the Asia-Pacific area. Furthermore, the low cost of production is also propelling the increase of permanent magnets in this area.

Breakdown of profiles of primary Q&A for the analysis

- By Company Type: Tier 1 - 30.0 percent, Tier 2 -43.0 percent, and 1/3 3 - 27.0 percent

- By Designation: C Level - 21.0 percent, Director Level - 23.0 percent, and Others - 56.0 percent

- By area: North america (NA) - 37.0 percent, Europe - 23.0 percent, Asia-Pacific - 26.0 percent, and rest of the world - 14.0 percent

Some of the top firms decribed in this market report are Hitachi Metals, Limited, Daido Steel Co., Limited, TDK Corporation, Shin-etsu Chemical Co., Limited, Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Incorporated, Adams Magnetic Products Co., Incorporated, and Bunting Magnetics Co., among others.

Scope of the Report

The market research is divided established on the basis of category, end-user market, and area. The main types included in this business report are neodymium iron boron magnet, ferrite magnet, samarium cobalt magnet, alnico magnet, and others. The end-use market includes consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense, and others. The sector is also broken down based on localities into Asia Pacific (APAC), Europe (EU), North America continent, South America region, and Middle East (ME) & African continent.

Key Benefits

This industry report includes the following studies which will benefit the client:

- Industry segmentation established on category, end-use sector, and area

- Market dynamics including drivers, market restraints, and alternatives

- Value chain study

- Porter's Five Forces Analysis

- Profile of the main actors in the overall permanent magnet market

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