Key Values Provided by a Permanent Magnet for Motor Market
The Permanent Magnet for Motor is growing at a 7.80% during the forecasted period of 2020 to 2031.Permanent Magnet for Motor Market Size in (USD Billion) CAGR Growth Rate 7.80%
| Study Period | 2020-2031 |
| Market Size (2024): | 11.4Billion |
| Market Size (2031): | 22.1Billion |
| CAGR (2024 - 2031): | 7.80% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
www.www.htfmarketinsights.com
The Permanent Magnet for Motor Market is centered around the supply of permanent magnets used in electric motors across a wide range of applications, from consumer electronics to industrial machinery and electric vehicles. These magnets are essential for generating the magnetic fields that enable electric motors to operate efficiently. The market is experiencing growth due to the increasing demand for high-efficiency motors in various sectors. The rising popularity of electric vehicles, along with the growing demand for energy-efficient appliances and machinery, is driving the need for permanent magnets. Manufacturers are focusing on enhancing the performance of permanent magnets by utilizing advanced materials such as neodymium, which offer stronger magnetic fields. The shift towards renewable energy sources and the growing adoption of electric vehicles also contribute significantly to the market's expansion. Technological innovations continue to improve magnet strength, durability, and environmental sustainability.
A market research report study provides invaluable data-driven insights that allow businesses to make informed decisions based on accurate market trends, customer behaviors, and competitor analysis. These reports help organizations better understand the evolving needs of their target audience, enabling more customer-focused strategies.
Additionally, they provide a competitive advantage by revealing competitors' strengths and weaknesses, helping companies refine their positioning and stay ahead. Market research reports also play a crucial role in risk reduction by identifying potential challenges, allowing businesses to anticipate and mitigate risks before entering new markets or launching products.
Moreover, these reports uncover growth opportunities and emerging trends, allowing companies to innovate or expand into underserved markets. They are essential for strategic planning, aligning business goals with market realities to ensure long-term success. Investors also rely on market research reports to evaluate industry potential, making these reports key tools for making low-risk investment decisions. A market research report provides essential insights for growth, competitive positioning, and sound business strategy.
Market Dynamics
Influencing Trend:- Miniaturization of magnets
- Demand for high-performance magnets
- Eco-friendly production
- Smart motor designs
Market Growth Drivers:
- Growth Of Electric Vehicles
- Energy Efficiency Needs
- Technological Advancements
- Demand For Sustainable Solutions
Challenges
- Supply Chain Challenges
- Material Shortages
- Cost Fluctuations
- Competition
Opportunities
- EV Growth
- Industrial Motor Applications
- Demand For Energy-efficient Products
- Technological Innovation
Regional Insight
The Permanent Magnet for Motor varies widely by region, reflecting diverse economic conditions and consumer preferences. In North America, the focus is on convenience and premium products, driven by high disposable incomes and a strong e-commerce sector. Europe’s market is fragmented, with Western countries emphasizing luxury and organic goods, while Eastern Europe sees rapid growth.Asia-Pacific is a fast-growing region with high demand for both high-tech and affordable products, driven by urbanization and rising middle-class incomes. Latin America prioritizes affordability amidst economic fluctuations, with Brazil and Mexico leading in market growth. In the Middle East and Africa, market trends are influenced by cultural preferences, with luxury goods prominent in the Gulf States and gradual growth in sub-Saharan Africa. Global trends like sustainability and digital transformation are impacting all regions.
The North America Dominant Region currently dominates the market share, fueled by increasing consumption, population growth, and sustained economic progress, which collectively enhance market demand. Conversely, the Asia-Pacific is the fastest-growing Region is rapidly becoming the fastest-growing region, driven by significant infrastructure investments, industrial expansion, and rising consumer demand.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia-Pacific
Dominating Region
North America
Competitive Insights
The key players in the Permanent Magnet for Motor are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as Nidec Corporation, Magswitch, SKF, Hitachi, General Electric, Ametek, ABB, Panasonic, TDK Corporation, Linix Motor, Zhejiang Zhongda, Sinovance, Vitesco Technologies are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation drives significant advancements in product formulation and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the consumer goods industry, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the consumer goods industry. Companies are increasingly committing resources to sustainable practices and developing environmentally friendly products. This green investment responds to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green movement, thereby fueling market growth.
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
- Nidec Corporation
- Magswitch
- SKF
- Hitachi
- General Electric
- Ametek
- ABB
- Panasonic
- TDK Corporation
- Linix Motor
- Zhejiang Zhongda
- Sinovance
- Vitesco Technologies
Permanent Magnet for Motor Market Segmentation by Players
www.htfmarketinsights.com
Need More Details on Market Players and Competitors?
DOWNLOAD Sample Report
Key Highlights
Segmentation by Type
-
Based on Type, the market is bifurcated into
- Ferrite Magnet
- Neodymium Magnet
- Samarium Cobalt Magnet
- Alnico Magnet
Permanent Magnet for Motor Market Segmentation by Type
www.htfmarketinsights.comSegmentation by Application -
Based on Application, the market is segmented into
- Electric Vehicles
- Home Appliances
- Industrial Motors
- Renewable Energy
- Robotics
Permanent Magnet for Motor Market Segmentation by Application
www.htfmarketinsights.com
- Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
The Top-Down and Bottom-Up Approaches
The top-down approach begins with a broad theory or hypothesis and breaks it down into specific components for testing. This structured, deductive process involves developing a theory, creating hypotheses, collecting and analyzing data, and drawing conclusions. It is particularly useful when there is substantial theoretical knowledge, but it can be rigid and may overlook new phenomena.
Conversely, the bottom-up approach starts with specific data or observations, from which broader generalizations and theories are developed. This inductive process involves collecting detailed data, analyzing it for patterns, developing hypotheses, formulating theories, and validating them with additional data. While this approach is flexible and encourages the discovery of new phenomena, it can be time-consuming and less structured.
Swot and Pestal Analysis
SWOT AnalysisSWOT Analysis evaluates a company’s internal Strengths and Weaknesses, as well as external Opportunities and Threats. This analysis helps businesses identify their competitive advantages, address internal challenges, and seize external opportunities while mitigating potential risks. It is performed to gain a comprehensive understanding of the organization's position in the market, align strategies with its strengths, and effectively navigate competitive landscapes.
PESTEL Analysis
Political, Economic, Social, Technological, Environmental, and Legal factors impacting the business environment. This analysis helps organizations anticipate external changes, adapt strategies to macroeconomic trends, and ensure compliance with regulatory requirements. It is crucial for understanding the external forces that could influence business operations and for planning long-term strategies that align with evolving market conditions.
Report Infographics:
| Report Features | Details |
| Base Year | 2024 |
| Based Year Market Size 2024 | 11.4Billion |
| Historical Period | 2020 |
| CAGR (2024 to 2031) | 7.80% |
| Forecast Period | 2031 |
| Forecasted Period Market Size (2031) | 22.1Billion |
| Scope of the Report |
Ferrite Magnet, Neodymium Magnet, Samarium Cobalt Magnet, Alnico Magnet Electric Vehicles, Home Appliances, Industrial Motors, Renewable Energy, Robotics |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Companies Covered | Nidec Corporation, Magswitch, SKF, Hitachi, General Electric, Ametek, ABB, Panasonic, TDK Corporation, Linix Motor, Zhejiang Zhongda, Sinovance, Vitesco Technologies |
| Customization Scope | 15% Free Customization (For EG) |
| Delivery Format | PDF and Excel through Email |
Permanent Magnet for Motor - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Permanent Magnet for Motor Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Permanent Magnet for Motor Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Permanent Magnet for Motor Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growth of electric vehicles
- 3.1.2 Energy efficiency needs
- 3.1.3 Technological advancements
- 3.1.4 Demand for sustainable solutions
-
3.2 Available Opportunities
- 3.2.1 EV growth
- 3.2.2 Industrial motor applications
- 3.2.3 Demand for energy-efficient products
- 3.2.4
-
3.3 Influencing Trends
- 3.3.1 Miniaturization of magnets
- 3.3.2 Demand for high-performance magnets
- 3.3.3 Eco-friendly pr
-
3.4 Challenges
- 3.4.1 Supply chain challenges
- 3.4.2 Material shortages
- 3.4.3 Cost fluctuations
- 3.4.4 Competition
- 3.4.5 Pro
- 3.5 Regional Dynamics
Need only Qualitative Analysis? Get Prices
Sectional Purchase
Chapter 4 : Global Permanent Magnet for Motor Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Permanent Magnet for Motor Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
Chapter 5: Permanent Magnet for Motor : Competition Benchmarking & Performance Evaluation
- 5.1 Global Permanent Magnet for Motor Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Permanent Magnet for Motor Revenue 2024
- 5.3 Global Permanent Magnet for Motor Sales Volume by Manufacturers (2024)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 FPNV Positioning Matrix
- 5.6 Heat Map Analysis
Chapter 6: Global Permanent Magnet for Motor Market: Company Profiles
- 6.1 Nidec Corporation
- 6.1.1 Nidec Corporation Company Overview
- 6.1.2 Nidec Corporation Product/Service Portfolio & Specifications
- 6.1.3 Nidec Corporation Key Financial Metrics
- 6.1.4 Nidec Corporation SWOT Analysis
- 6.1.5 Nidec Corporation Development Activities
- 6.2 Magswitch
- 6.3 SKF
- 6.4 Hitachi
- 6.5 General Electric
- 6.6 Ametek
- 6.7 ABB
- 6.8 Panasonic
- 6.9 TDK Corporation
- 6.10 Linix Motor
- 6.11 Zhejiang Zhongda
- 6.12 Sinovance
- 6.13 Vitesco Technologies
- 6.14 BorgWarner
To View a Complete List of Players? Inquiry Now
Sectional Purchase
Chapter 7 : Global Permanent Magnet for Motor by Type & Application (2020-2031)
-
7.1 Global Permanent Magnet for Motor Market Revenue Analysis (USD Million) by Type (2020-2024)
- 7.1.1 Ferrite Magnet
- 7.1.2 Neodymium Magnet
- 7.1.3 Samarium Cobalt Magnet
- 7.1.4 Alnico Magnet
- 7.1.5 Rare Earth Magnet
-
7.2 Global Permanent Magnet for Motor Market Revenue Analysis (USD Million) by Application (2020-2024)
- 7.2.1 Electric Vehicles
- 7.2.2 Home Appliances
- 7.2.3 Industrial Motors
- 7.2.4 Renewable Energy
- 7.2.5 Robotics
- 7.3 Global Permanent Magnet for Motor Market Revenue Analysis (USD Million) by Type (2024-2031)
- 7.4 Global Permanent Magnet for Motor Market Revenue Analysis (USD Million) by Application (2024-2031)
Chapter 8 : North America Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 8.1 North America Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 8.2.1 Ferrite Magnet
- 8.2.2 Neodymium Magnet
- 8.2.3 Samarium Cobalt Magnet
- 8.2.4 Alnico Magnet
- 8.2.5 Rare Earth Magnet
-
8.3 North America Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 8.3.1 Electric Vehicles
- 8.3.2 Home Appliances
- 8.3.3 Industrial Motors
- 8.3.4 Renewable Energy
- 8.3.5 Robotics
- 8.4 North America Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 8.5 North America Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 8.6 North America Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Looking for Section Purchase? Get Quote Now
Sectional Purchase
Chapter 9 : LATAM Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 9.1 LATAM Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 9.2.1 Ferrite Magnet
- 9.2.2 Neodymium Magnet
- 9.2.3 Samarium Cobalt Magnet
- 9.2.4 Alnico Magnet
- 9.2.5 Rare Earth Magnet
-
9.3 LATAM Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 9.3.1 Electric Vehicles
- 9.3.2 Home Appliances
- 9.3.3 Industrial Motors
- 9.3.4 Renewable Energy
- 9.3.5 Robotics
- 9.4 LATAM Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 9.5 LATAM Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 9.6 LATAM Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 10 : West Europe Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 10.1 West Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 10.2.1 Ferrite Magnet
- 10.2.2 Neodymium Magnet
- 10.2.3 Samarium Cobalt Magnet
- 10.2.4 Alnico Magnet
- 10.2.5 Rare Earth Magnet
-
10.3 West Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 10.3.1 Electric Vehicles
- 10.3.2 Home Appliances
- 10.3.3 Industrial Motors
- 10.3.4 Renewable Energy
- 10.3.5 Robotics
- 10.4 West Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 10.5 West Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 10.6 West Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 11 : Central & Eastern Europe Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 11.2.1 Ferrite Magnet
- 11.2.2 Neodymium Magnet
- 11.2.3 Samarium Cobalt Magnet
- 11.2.4 Alnico Magnet
- 11.2.5 Rare Earth Magnet
-
11.3 Central & Eastern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 11.3.1 Electric Vehicles
- 11.3.2 Home Appliances
- 11.3.3 Industrial Motors
- 11.3.4 Renewable Energy
- 11.3.5 Robotics
- 11.4 Central & Eastern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 11.5 Central & Eastern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 11.6 Central & Eastern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 12 : Northern Europe Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 12.2.1 Ferrite Magnet
- 12.2.2 Neodymium Magnet
- 12.2.3 Samarium Cobalt Magnet
- 12.2.4 Alnico Magnet
- 12.2.5 Rare Earth Magnet
-
12.3 Northern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 12.3.1 Electric Vehicles
- 12.3.2 Home Appliances
- 12.3.3 Industrial Motors
- 12.3.4 Renewable Energy
- 12.3.5 Robotics
- 12.4 Northern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 12.5 Northern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 12.6 Northern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 13 : Southern Europe Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 13.2.1 Ferrite Magnet
- 13.2.2 Neodymium Magnet
- 13.2.3 Samarium Cobalt Magnet
- 13.2.4 Alnico Magnet
- 13.2.5 Rare Earth Magnet
-
13.3 Southern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 13.3.1 Electric Vehicles
- 13.3.2 Home Appliances
- 13.3.3 Industrial Motors
- 13.3.4 Renewable Energy
- 13.3.5 Robotics
- 13.4 Southern Europe Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 13.5 Southern Europe Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 13.6 Southern Europe Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 14 : East Asia Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 14.1 East Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 14.2.1 Ferrite Magnet
- 14.2.2 Neodymium Magnet
- 14.2.3 Samarium Cobalt Magnet
- 14.2.4 Alnico Magnet
- 14.2.5 Rare Earth Magnet
-
14.3 East Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 14.3.1 Electric Vehicles
- 14.3.2 Home Appliances
- 14.3.3 Industrial Motors
- 14.3.4 Renewable Energy
- 14.3.5 Robotics
- 14.4 East Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 14.5 East Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 14.6 East Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 15 : Southeast Asia Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 15.2.1 Ferrite Magnet
- 15.2.2 Neodymium Magnet
- 15.2.3 Samarium Cobalt Magnet
- 15.2.4 Alnico Magnet
- 15.2.5 Rare Earth Magnet
-
15.3 Southeast Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 15.3.1 Electric Vehicles
- 15.3.2 Home Appliances
- 15.3.3 Industrial Motors
- 15.3.4 Renewable Energy
- 15.3.5 Robotics
- 15.4 Southeast Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 15.5 Southeast Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 15.6 Southeast Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 16 : South Asia Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 16.1 South Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 16.2.1 Ferrite Magnet
- 16.2.2 Neodymium Magnet
- 16.2.3 Samarium Cobalt Magnet
- 16.2.4 Alnico Magnet
- 16.2.5 Rare Earth Magnet
-
16.3 South Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 16.3.1 Electric Vehicles
- 16.3.2 Home Appliances
- 16.3.3 Industrial Motors
- 16.3.4 Renewable Energy
- 16.3.5 Robotics
- 16.4 South Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 16.5 South Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 16.6 South Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 17 : Central Asia Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 17.1 Central Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 17.2.1 Ferrite Magnet
- 17.2.2 Neodymium Magnet
- 17.2.3 Samarium Cobalt Magnet
- 17.2.4 Alnico Magnet
- 17.2.5 Rare Earth Magnet
-
17.3 Central Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 17.3.1 Electric Vehicles
- 17.3.2 Home Appliances
- 17.3.3 Industrial Motors
- 17.3.4 Renewable Energy
- 17.3.5 Robotics
- 17.4 Central Asia Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 17.5 Central Asia Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 17.6 Central Asia Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 18 : Oceania Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 18.1 Oceania Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 18.2.1 Ferrite Magnet
- 18.2.2 Neodymium Magnet
- 18.2.3 Samarium Cobalt Magnet
- 18.2.4 Alnico Magnet
- 18.2.5 Rare Earth Magnet
-
18.3 Oceania Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 18.3.1 Electric Vehicles
- 18.3.2 Home Appliances
- 18.3.3 Industrial Motors
- 18.3.4 Renewable Energy
- 18.3.5 Robotics
- 18.4 Oceania Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 18.5 Oceania Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 18.6 Oceania Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 19 : MEA Permanent Magnet for Motor Market Breakdown by Country, Type & Application
- 19.1 MEA Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2020-2024]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2020-2024]
- 19.2.1 Ferrite Magnet
- 19.2.2 Neodymium Magnet
- 19.2.3 Samarium Cobalt Magnet
- 19.2.4 Alnico Magnet
- 19.2.5 Rare Earth Magnet
-
19.3 MEA Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2020-2024]
- 19.3.1 Electric Vehicles
- 19.3.2 Home Appliances
- 19.3.3 Industrial Motors
- 19.3.4 Renewable Energy
- 19.3.5 Robotics
- 19.4 MEA Permanent Magnet for Motor Market by Country (USD Million) & Sales Volume (Units) [2025-2031]
- 19.5 MEA Permanent Magnet for Motor Market by Type (USD Million) & Sales Volume (Units) [2025-2031]
- 19.6 MEA Permanent Magnet for Motor Market by Application (USD Million) & Sales Volume (Units) [2025-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Permanent Magnet for Motor Market is growing at a steady pace over the last few years and is expected to grow at a CAGR of 7.80% from 2024 to 2031 to reach a market size of 7.80% 22.1 billion
According to the report,the Permanent Magnet for Motor Industry size is projected to reach 22.1 billion, exhibiting a CAGR of 7.80% by 2031.
Some of the prominent trends that are influencing and driving the growth of Global Permanent Magnet for Motor Market are Miniaturization Of Magnets, Demand For High-performance Magnets, Eco-friendly Production, Smart Motor Designs, Integration With IoT
The leaders in the Global Permanent Magnet for Motor Market such as Nidec Corporation, Magswitch, SKF, Hitachi, General Electric, Ametek, ABB, Panasonic, TDK Corporation, Linix Motor, Zhejiang Zhongda, Sinovance, Vitesco Technologies, BorgWarner are targeting innovative and differentiated growth drivers some of them are Growth Of Electric Vehicles, Energy Efficiency Needs, Technological Advancements, Demand For Sustainable Solutions, Cost Reduction In Motor Production
Business transformation in Permanent Magnet for Motor Market has taken hold due to the confluence of several important triggers, some of them are Supply Chain Challenges, Material Shortages, Cost Fluctuations, Competition, Production Scalability.
Some of the opportunities that Analyst at HTF MI have identified in Permanent Magnet for Motor Market are:
- EV Growth
- Industrial Motor Applications
- Demand For Energy-efficient Products
- Technological Innovation
- Market Expansion
Nidec Corporation, Magswitch, SKF, Hitachi, General Electric, Ametek, ABB, Panasonic, TDK Corporation, Linix Motor, Zhejiang Zhongda, Sinovance, Vitesco Technologies, BorgWarner are the major operating companies profiled in Permanent Magnet for Motor market study.
Research paper of Global Permanent Magnet for Motor Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Electric Vehicles, Home Appliances, Industrial Motors, Renewable Energy, Robotics.
The Global Permanent Magnet for Motor Market Study is segmented by Ferrite Magnet, Neodymium Magnet, Samarium Cobalt Magnet, Alnico Magnet, Rare Earth Magnet.
The Global Permanent Magnet for Motor Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2020 - 2024; Base year: 2024; Forecast period: 2025 to 2031
The Permanent Magnet for Motor Market is centered around the supply of permanent magnets used in electric motors across a wide range of applications, from consumer electronics to industrial machinery and electric vehicles. These magnets are essential for generating the magnetic fields that enable electric motors to operate efficiently. The market is experiencing growth due to the increasing demand for high-efficiency motors in various sectors. The rising popularity of electric vehicles, along with the growing demand for energy-efficient appliances and machinery, is driving the need for permanent magnets. Manufacturers are focusing on enhancing the performance of permanent magnets by utilizing advanced materials such as neodymium, which offer stronger magnetic fields. The shift towards renewable energy sources and the growing adoption of electric vehicles also contribute significantly to the market's expansion. Technological innovations continue to improve magnet strength, durability, and environmental sustainability.
