The permanent magnet market in the United Kingdom is experiencing strong growth, supported by expanding end-use sectors such as consumer electronics, automotive, energy, and industrial machinery. The UK stands as one of Europe’s largest markets for premium consumer electronics, hosting around 18,000 domestic electronics companies. According to the Department for International Trade, the UK’s electronics industry contributes approximately US$19.3 billion annually to the national economy.
In line with its goal of reaching net-zero carbon emissions by 2050, the UK is ramping up electric vehicle (EV) production and infrastructure development. Permanent magnets-particularly those containing rare-earth elements like neodymium-are critical components in the electric motors used in EVs. Rising consumer interest and the growing availability of electric models are contributing to a rapid increase in EV adoption. As of June 2024, data from Zapmap Limited shows that the UK is home to 1,145,000 fully electric vehicles and 670,000 plug-in hybrids, underscoring the increasing demand for high-performance permanent magnets.
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. United Kingdom Permanent Magnet Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Permanent Magnet Market Key Market Dynamics
- 5.1 Permanent Magnet Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. United Kingdom Permanent Magnet Market – Analysis
- 6.1 United Kingdom Permanent Magnet Market Revenue (US$ Million), 2021–2031
- 6.2 United Kingdom Permanent Magnet Market Revenue and Forecast Analysis
- 7. United Kingdom Permanent Magnet Market Analysis – by Type
- 7.1 United Kingdom Permanent Magnet Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
- 8. United Kingdom Permanent Magnet Market Analysis – by Application
- 8.1 United Kingdom 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. United Kingdom Permanent Magnet Market Segmentation
- Table 2. List of Vendors
- Table 3. United Kingdom Permanent Magnet Market – Revenue, 2021–2024 (US$ Million)
- Table 4. United Kingdom Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. United Kingdom Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Type
- Table 6. United Kingdom Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
- Table 7. United Kingdom Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Application
- Table 8. United Kingdom 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. United Kingdom 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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