Permanent Magnets Market Share Are Predicted To Increase At A CAGR Of 8.5% By 2033
The Permanent Magnets Industry sales study offers a
comprehensive analysis on diverse features including production capacities,
Permanent Magnets demand, product developments, sales revenue generation and
Permanent Magnets market outlook across the globe.
170 page market research report by Fact.MR, (Leading
business and competitive intelligence provider) on global Permanent Magnets
market sales initiates with an outlook of the market, followed by the
scrutiny of the demand and consumption volumes and share and size of various
end-use segments
The global permanent magnets market is estimated at US$
40.56 billion in 2023 and is forecasted to surge ahead at a CAGR
of 8.5% and reach a valuation of US$ 91.71 billion by
the end of 2033.
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The readability score of the Permanent Magnets market demand
report is good as it offers chapter-wise layout with each section divided into
a smaller sections.
The report encompasses graphs and tables to show the entire
assembling. Pictorial demonstration of the definite and estimated values of key
segments is visually appealing to readers.
This Permanent Magnets market outlook report explicates on
vital dynamics such as the drivers, restraints and opportunities for key
players and competitive analysis of Permanent Magnets along with key
stakeholders as well as emerging players associated with the manufacturing of
product.
The Key trends Analysis of Extended Permanent Magnets market
also provides dynamics that are responsible for influencing the future
sales and demand of over the forecast period.
Key Companies Profiled
- Adams
Magnetic Products Co.
- Arnold
Magnetic Technologies
- Earth-Panda
Advance Magnetic Material Co. Ltd.
- Eclipse
Magnetics Ltd.
- Daido
Steel Co. Ltd.
- Electron
Energy Corporation
- Goudsmit
Magnetics Group
- Hitachi
Metals Ltd.
- Hangzhou
Permanent Magnet Group
- Magnequench
International LLC
- Mingbo
Yunsheng Co. Ltd.
- Shin-Etsu
Chemical Co. Ltd.
- Ninggang
Permanent Magnetic Materials Co. Ltd.
- Thomas
& Skinner Inc.
- TDK
Corporation
Questionnaire answered in the market outlook report of
Permanent Magnets include:
- What
is the key strategy deployed by large players to maximize Permanent
Magnets market growth?
- What
are the main challenges faced by players in the Permanent Magnets market
demand?
- With
the advent of technological advancement, how will the Permanent Magnets
market landscape change over the forecast period?
- What
does player bring to the table, which is unique as a strategy, and is easy
to emulate for new investors in the Permanent Magnets market size?
How will be insights and market estimations provided in the
Fact.MR report on the demand of Permanent Magnets make a difference?
- The
study takes a closer look at the major economic turmoil, with a focus on
the recent COVID-19 pandemic disruptions
- The
assessment of key growth dynamics highlights the attractiveness of new
automation technologies and offers readers insight on the prospect of
these during the forecast period
- The
study tries to offer a balance perspective of the opportunities in mature
and the most lackluster markets
- Provides
scrutiny of the industry trends that have shaped recent government
policies
- Provides
an account of major breakthroughs in all segments that might change the
course of the market considerably
- Provides
an incisive analysis of socio-political milieu in which the key markets
operate, and how will that influence the lucrativeness of the overall
Permanent Magnets market
- Analyzes
how collaborations and partnerships among players from different
industries shape the key growth dynamics in the near future
- Evaluates
the role of various stages of funding on new growth avenues in key
regional markets
Key Market Players
Various prominent manufacturers of permanent magnets are
spending on strengthening their supply chain management systems. They are
investing in innovations, product quality, and other similar initiatives.
Key industry players are adopting innovative approaches,
including technological advancements, acquisitions, mergers, agreements, etc.,
to expand their footprints.
For instance :
- In
April 2021, TimkenSteel Corp. announced an agreement with Daido Steel Co.,
Ltd. (Shanghai). This step was taken to sell TimkenSteel (Shanghai)
Corporation Limited’s subsidiary in China for a decided amount.
- Arnold
Magnetic Technologies acquired Ramco Electric Motors, Inc. in March 2021.
The acquisition helped Arnold to deliver engineered solutions and new
materials that empower consumers for the development of next-generation
technologies.
Prominent manufacturers of permanent magnets are Adams
Magnetic Products Co., Arnold Magnetic Technologies, Earth-Panda Advance
Magnetic Material Co. Ltd., Eclipse Magnetics Ltd., Daido Steel Co. Ltd.,
Electron Energy Corporation, Goudsmit Magnetics Group, Hitachi Metals Ltd.,
Hangzhou Permanent Magnet Group, Magnequench International LLC, Mingbo Yunsheng
Co. Ltd., Shin-Etsu Chemical Co. Ltd., Ninggang Permanent Magnetic Materials
Co. Ltd., Thomas & Skinner Inc., and TDK Corporation.
Segmentation of Permanent Magnets Industry Research
· By
Material :
- Ferrite-based
- Neodymium
Iron Boron (NdFeB)
- Aluminum
Nickel Cobalt (Alnico)
- Samarium
Cobalt (SmCo)
· By
Application :
- Automotive
- Consumer
Goods & Electronics
- Industrial
- Aerospace
& Defense
- Energy
- Medical
· By
Region :
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
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