Automotive Magnet Market Revenue was valued at USD 35.5 Billion in 2024 and is estimated to reach USD 50.2 Billion by 2033, growing at a CAGR of 4.5% from 2026 to 2033.
In 2022, the global automotive magnet market was valued at approximately USD 4,972.96 million, with a projected compound annual growth rate (CAGR) of 4.40% from 2022 to 2030. The Asia Pacific region dominated the market, driven by major automotive manufacturers, increased production capacities, and rising consumer demand for electric and hybrid vehicles. Chinas robust automotive industry and government support for electric vehicle adoption significantly contributed to this growth. The Asia Pacific automotive magnet market is expected to grow at a CAGR of 6.2% during the forecast period. North America also represented a significant market share, fueled by stringent emission norms and the growing adoption of electric vehicles. The United States, in particular, witnessed increased investments in electric mobility infrastructure and research and development activities, supporting market growth. The North American automotive magnet market is projected to grow at a steady CAGR of 5.1% during the forecast period. Europe maintained a strong focus on environmental sustainability and stringent regulatory requirements, leading to a high adoption rate of electric and hybrid vehicles. Germany, France, and the United Kingdom were notable contributors to the European automotive magnet market, which is expected to grow at a CAGR of 5.4% during the forecast period. Additionally, the Middle East & Africa and Latin America regions are anticipated to witness moderate growth, supported by expanding automotive industries and increasing investments in electric mobility infrastructure.
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Murata Manufacturing
Hitachi Metals
Aichi Steel
Aarnika
C.I.TAKIRON
Daido Electronics
Dexerials
MAGNEX
MAGPROST
MagX
MARUWA
MATE
Nagoya Denki
NAPAC
Nippon Ceramic
Ryoka Sangyo
Seiko Instruments
Shin-Etsu Chemical
Taiyo Yuden
TDK
Tokyo Ferrite
Tsuchiya
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Magnet Market
Permanent Magnets
Electromagnets
Hybrid Magnets
Electric Vehicles
Internal Combustion Engine Vehicles
Hybrid Vehicles
Autonomous Vehicles
Vehicle Accessories
Neodymium Iron Boron (NdFeB)
Samarium Cobalt (SmCo)
Ferrite Magnets
Alnico Magnets
Disc Magnets
Ring Magnets
Block Magnets
Specialty Shapes (Custom Designs)
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Component Manufacturers
Research and Development Institutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Magnet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Magnet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Magnet Market, By Type
6. Global Automotive Magnet Market, By Application
7. Global Automotive Magnet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Magnet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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