Industry Insights
Rare earth magnets are permanent magnets manufactured from a magnetised material that creates its own persistent flux. These embrace alloys of grouping parts like neodymium, samarium, and metal. not like temporary magnets like electromagnets, grouping permanent magnets don't lose their magnetic property unless they're heated higher than the curie temperature. {they are|they're} industrially factory-made through casting or sintering and are made from magnetic metallic elements and composites of grouping materials. Neodymium-iron-boron (NdFeB), Sm metallic element (SmCo), and SmFeN are a number of the samples of grouping permanent magnets.
Growth within the automotive trade due to technological advancements, rise in population, and increase in trade goods demand square measure major factors expected to drive the grouping magnet market throughout the forecast amount. what is more, vital expansion of the wind energy generation trade attributable to speedy manufacture, growth in population, and increase in demand for electricity also are anticipated to spice up the grouping magnet market. However, volatility in costs of grouping materials like metal and neodymium due to ban of export of grouping parts from China to alternative regions is calculable to hamper the grouping magnet market.
The global Permanent Rare Earth Magnets market is segmented on the basis of Type and Application. The global Permanent Rare Earth Magnets market is segmented based on Type as Neodymium Permanent Magnets and Samarium-Cobalt Magnets. Based on Application the global Permanent Rare Earth Magnets market is segregated as Industrial Applications, Consumer Electronics Applications, Home Appliances Applications, Wind Turbines Applications, and Automotive Applications.
The regional outlook on the global Permanent Rare Earth Magnets market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Permanent Rare Earth Magnets market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
The global Permanent Rare Earth Magnets market is highly competitive in nature with major players including Ford Motor Company, Honda Motor Co., Ltd., Siemens, Hyundai Motor Company, Toyota Motor Company, Shin-Etsu Chemical Co., Ltd., Hitachi Metals, Ltd., and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Permanent Rare Earth Magnets market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The Permanent Rare Earth Magnets market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
Permanent Rare Earth Magnets Market, By Type
• Neodymium Permanent Magnets
• Samarium-Cobalt Magnets
Permanent Rare Earth Magnets Market, By Application
• Industrial Applications
• Consumer Electronics Applications
• Home Appliances Applications
• Wind Turbines Applications
• Automotive Applications
Permanent Rare Earth Magnets Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Ford Motor Company, Honda Motor Co., Ltd., Siemens, Hyundai Motor Company, Toyota Motor Company, Shin-Etsu Chemical Co., Ltd., Hitachi Metals, Ltd., and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global Permanent Rare Earth Magnets market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global Permanent Rare Earth Magnets market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
