Japan Bonded Rare Earth Magnets Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The automotive industry is one of the primary sectors driving the demand for bonded rare earth magnets in Japan. These magnets are essential components in various automotive applications due to their high magnetic strength and compact size. Bonded rare earth magnets are widely used in electric motors, sensors, and actuators within vehicles. Electric and hybrid vehicles, in particular, benefit from these magnets in their electric drive systems and regenerative braking systems. As the automotive industry continues to evolve, especially with the shift towards electric and autonomous vehicles, the need for advanced magnet technology is expected to grow, further fueling market expansion in this segment.
Additionally, the demand for bonded rare earth magnets in the automotive industry is bolstered by the increasing emphasis on fuel efficiency and performance enhancement. The lightweight nature of these magnets contributes to overall vehicle efficiency and helps reduce energy consumption. Automotive manufacturers in Japan are investing in research and development to integrate these magnets into more vehicle components, optimizing their performance and durability. The ongoing advancements in magnet technology and materials science are expected to drive innovations and new applications within the automotive sector.
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Galaxy Magnets
Zhong Ke San Huan Hi-Tech
Daido Electronics
IMA
Ningbo Yunsheng
Arnold Magnetic Technologies
TDK
MS-Schramberg
DMEGC
Sen Long Corporation
Jiangmen Magsource
AT & M
Sura Magnets
Thyssenkrupp
Bomatec Group
Evitron
Bunting Magnetics
Goudsmit Magnetics
Sinomag
Eclipse Magnetics
SDM Magnetics
BINIC Magnet
Yuxiang Magnetic
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Japan Bonded Rare Earth Magnets Market
Automotive Industry
HHD
Consumer Electronics
Others
Based on Types the Market is categorized into Below types that held the largest Bonded Rare Earth Magnets market share In 2023.
Injection Molded Magnets
Compression Bonded Magnets
Japan (United States, Japan 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 Japan Bonded Rare Earth 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. Japan Bonded Rare Earth Magnets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Bonded Rare Earth Magnets Market, By Type
6. Japan Bonded Rare Earth Magnets Market, By Application
7. Japan Bonded Rare Earth Magnets Market, By Geography
Japan
Europe
Asia Pacific
Rest of the World
8. Japan Bonded Rare Earth Magnets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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