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Global & Turkey Permanent Magnet Market to 2031

Publisher Business Market Insights
Published Jun 11, 2025
Length 81 Pages
SKU # BMKS20079902

Description

Turkey’s automotive industry, one of the most prominent in the region, is undergoing a significant shift toward electric vehicles (EVs). As the country pursues ambitious targets for EV adoption, the demand for permanent magnets-essential for EV motors and batteries-is steadily increasing. Major automotive players, such as Ford, have established substantial manufacturing operations in Turkey and are actively investing in EV production. Notably, in March 2023, Turkey launched its first fully electric car brand, TOGG. Earlier, in March 2022, Ford announced a US$ 2.4 billion investment in an EV and battery manufacturing facility in Kocaeli.

These growing investments are expected to drive demand for advanced technologies used in production, as well as for OEM and aftermarket EV components and accessories. The surge in funding has led to the expansion and modernization of automotive manufacturing infrastructure across the country. As facilities upgrade with cutting-edge technologies and systems, the requirement for permanent magnets has seen a significant rise, reinforcing their growing importance in Turkey’s evolving automotive landscape.

Table of Contents

81 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. Turkey Permanent Magnet Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Permanent Magnet Market Key Market Dynamics
5.1 Permanent Magnet Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. Turkey Permanent Magnet Market – Analysis
6.1 Turkey Permanent Magnet Market Revenue (US$ Million), 2021–2031
6.2 Turkey Permanent Magnet Market Revenue and Forecast Analysis
7. Turkey Permanent Magnet Market Analysis – by Type
7.1 Turkey Permanent Magnet Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
8. Turkey Permanent Magnet Market Analysis – by Application
8.1 Turkey Permanent Magnet Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
9. Competitive Landscape
9.1 Heat Map Analysis by Key Players
9.1 Company Positioning and Concentration
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.2 Partnerships and Collaborations
10.2 Other Developments
11. Company Profiles
11.1 Hitachi Ltd
11.1. 1 Key Facts
11.1. 2 Business Description
11.1. 3 Products and Services
11.1. 4 Financial Overview
11.1. 5 SWOT Analysis
11.1. 6 Key Developments
11.2 Shin-Etsu Chemical Co Ltd
11.2. 1 Key Facts
11.2. 2 Business Description
11.2. 3 Products and Services
11.2. 4 Financial Overview
11.2. 5 SWOT Analysis
11.2. 6 Key Developments
11.3 TDK Corp
11.3. 1 Key Facts
11.3. 2 Business Description
11.3. 3 Products and Services
11.3. 4 Financial Overview
11.3. 5 SWOT Analysis
11.3. 6 Key Developments
11.4 Arnold Magnetic Technologies.
11.4. 1 Key Facts
11.4. 2 Business Description
11.4. 3 Products and Services
11.4. 4 Financial Overview
11.4. 5 SWOT Analysis
11.4. 6 Key Developments
11.5 Chengdu Galaxy Magnets Company Limited
11.5. 1 Key Facts
11.5. 2 Business Description
11.5. 3 Products and Services
11.5. 4 Financial Overview
11.5. 5 SWOT Analysis
11.5. 6 Key Developments
11.6 Goudsmit Magnetics
11.6. 1 Key Facts
11.6. 2 Business Description
11.6. 3 Products and Services
11.6. 4 Financial Overview
11.6. 5 SWOT Analysis
11.6. 6 Key Developments
11.7 Electron Energy Corporation
11.7. 1 Key Facts
11.7. 2 Business Description
11.7. 3 Products and Services
11.7. 4 Financial Overview
11.7. 5 SWOT Analysis
11.7. 6 Key Developments
11.8 Dexter Magnetic Technologies
11.8. 1 Key Facts
11.8. 2 Business Description
11.8. 3 Products and Services
11.8. 4 Financial Overview
11.8. 5 SWOT Analysis
11.8. 6 Key Developments
11.9 Adams Magnetic Products, LLC
11.9. 1 Key Facts
11.9. 2 Business Description
11.9. 3 Products and Services
11.9. 4 Financial Overview
11.9. 5 SWOT Analysis
11.9. 6 Key Developments
11.10 NINGBO YUNSHENG CO.,LTD.
11.10. 1 Key Facts
11.10. 2 Business Description
11.10. 3 Products and Services
11.10. 4 Financial Overview
11.10. 5 SWOT Analysis
11.10. 6 Key Developments
12. Appendix
12.1 About Business Market Insights
12.2 List of Abbreviations
TABLE OF TABLES
Table 1. Turkey Permanent Magnet Market Segmentation
Table 2. List of Vendors
Table 3. Turkey Permanent Magnet Market – Revenue, 2021–2024 (US$ Million)
Table 4. Turkey Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million)
Table 5. Turkey Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Type
Table 6. Turkey Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
Table 7. Turkey Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Application
Table 8. Turkey Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
Table 9. List of Abbreviations
TABLE OF FIGURES
Figure 1. Impact Analysis of Drivers and Restraints
Figure 2. Turkey Permanent Magnet Market Revenue, (US$ Million), 2021–2031
Figure 3. Heat Map Analysis by Key Players
Figure 4. Company Positioning and Concentration

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