Bonded Ferrite Magnets Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.1 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The global Bonded Ferrite Magnets market was valued at approximately USD 1.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The demand for these magnets is driven by various industries, including automotive, electronics, and renewable energy, where they are used for applications such as motors, sensors, and magnetic assemblies. The Asia Pacific region dominates the Bonded Ferrite Magnets market, accounting for over 45% of the total market share in 2022, with China, Japan, and India leading in both production and consumption. North America and Europe also hold significant shares, contributing 20% and 18%, respectively, to the global market due to the growing automotive sector and increasing demand for high performance magnets in electric vehicles and consumer electronics.
In terms of regional growth, the Asia Pacific region is anticipated to experience the highest growth rate, driven by rapid industrialization, technological advancements, and the expanding electric vehicle market. The demand for Bonded Ferrite Magnets in emerging economies, particularly India and China, is expected to witness substantial growth during the forecast period. North America is expected to see steady growth, fueled by the demand for magnets in industrial applications and renewable energy systems. Meanwhile, the European market will also continue to expand, particularly in automotive and robotics sectors. Overall, the Bonded Ferrite Magnets market offers diverse growth opportunities across all regions, with a notable increase in demand in developing countries.
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Galaxy Magnets
Hangseng(Ningbo) Magnetech
Ningbo Yunsheng
TDK
MS-Schramberg
DMEGC
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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 Bonded Ferrite Magnets Market
Automotive
Consumer Electronics
Industrial Motors
Energy Storage
Healthcare Devices
Bonded Neo Magnets
Bonded Ferrite Magnets
Bonded SmCo Magnets
Bonded AlNiCo Magnets
Injection Molding
Compression Bonding
Extrusion Bonding
Other Processes
Automotive Industry
Consumer Electronics
Renewable Energy
Medical Equipment
Industrial Applications
Polymer Bonded Magnets
Rubber Bonded Magnets
Epoxy Bonded Magnets
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 Bonded Ferrite Magnets 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 Bonded Ferrite Magnets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bonded Ferrite Magnets Market, By Type
6. Global Bonded Ferrite Magnets Market, By Application
7. Global Bonded Ferrite Magnets Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bonded Ferrite Magnets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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