The global permanent magnet market is expected to grow at a CAGR of around 7.2% during 2024-2033. This report on global permanent magnet market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global permanent magnet market by segmenting the market based on material, application, and region. Also, detailed profiles of companies operating in the permanent magnet market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Market Drivers
• Rising Automotive Market
• Advancements in Manufacturing Technologies

Market Challenges
• High Price

Historical & Forecast Period

Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033

Market by Material
• Ferrite
• Neodymium Iron Boron (NdFeB)
• Aluminum Nickel Cobalt (Alnico)
• Samarium Cobalt (SmCo)

Market by Application
• Automotive
• Consumer Goods & Electronics
• Industrial
• Aerospace & Defense
• Energy
• Medical
• Other Applications

Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa