Lucintel Forecasts The Global Ndfeb Magnet Market To Reach $4 Billion By 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global NdFeB magnet market looks promising with opportunities in the automotive, electronic, power generator, and medical markets. The global NdFeB magnet market is expected to reach an estimated $4 billion by 2031 with a CAGR of 4.6% from 2025 to 2031. The major drivers for this market are growing emphasis on renewable energy sources, rising consumer electronics device manufacturing, and the expanding utilization of NdFeB magnets in the biomedical sectors.
A more than 150-page report to understand trends, opportunity and forecast in global NdFeB magnet market to 2031 by type (sintered and bonded), end use (automotive, electronics, power generators, medical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that sintered will remain the larger segment due to significant use in electric vehicles, electronics, power plants, medical devices, and other applications, as well as, enhancing the performance of electric motors to extend driving ranges and reduce energy consumption.
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APAC will remain the largest region due to the increasing need for high-performance magnets in various industrial sectors, including automotive, electronics, energy, and healthcare applications in this region.
Arnold Magnetic Technologies, Eclipse Magnetics, Goudsmith Magnetics, Chengdu Galaxy Magnets, Ningbo Yunsheng, Tengam Engineering, Bunting Magnetic Products, Electron Energy Corporation, TDK Corporation, Hitachi Metals are the major suppliers in the NdFeB 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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