Lucintel Forecasts The Global Bonded Rare Earth Magnet Market To Grow With A Cagr Of 6.3% From 2025 To 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global bonded rare earth magnet market looks promising with opportunities in the consumer electronics, automotive, household appliance, and office equipment markets. The global bonded rare earth magnet market is expected to grow with a CAGR of 6.3% from 2025 to 2031. The major drivers for this market are the increasing need for compact magnetic components, the rising use in advanced automotive systems, and the growing demand for high performance electronics.
A more than 150-page report to understand trends, opportunity and forecast in global bonded rare earth magnet market to 2031 by type (NdFeB magnet, SmCo magnet, and SmFeN magnet), application (consumer electronics, automotive, household appliances, office equipment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, NdFeB magnet is expected to witness the highest growth over the forecast period.
Within the application category, automotive is expected to witness the highest growth.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Galaxy Magnetic, Beijing Zhong Ke San Huan Hi-Tech, Daido Electronics, Yunsheng Company, JL MAG, AT&M, Innuovo Magnetics, Earth- Panda, Magsuper, Pinghu Geor Chi Electronics are the major suppliers in the bonded rare earth magnet market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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