The Czech Republic government is investing in advanced manufacturing technologies such as additive manufacturing and predictive maintenance, with a focus on sectors including automotive and aerospace. These investments are expected to drive up the demand for permanent magnets in the country. While Germany remains one of the largest export markets, the Czech Republic is increasingly diversifying its exports to countries like Slovakia, South Korea, and Finland. This broadening of markets presents new growth opportunities and lessens dependence on a single export destination. Positioned within Europe’s green and high-tech economy, the Czech permanent magnet market shows strong potential, supported by its strategic location, government initiatives promoting innovation, and expanding international trade.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook