Global Permanent Magnets Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch"s in-depth investigation and research, the global Permanent Magnets market size will reach 16,061 Million USD in 2025 and is projected to reach 26,593 Million USD by 2032, with a CAGR of 7.47% (2025-2032). Notably, the China Permanent Magnets market has changed rapidly in the past few years. By 2025, China"s market size is expected to be Million USD, representing approximately % of the global market share.

Research Summary

Permanent magnets are materials that possess a magnetic field that persists without the need for an external magnetic field or power source. These magnets retain their magnetic properties, creating a constant magnetic field, due to the alignment of their magnetic domains. They are typically made from materials such as iron, cobalt, nickel, or rare earth elements like neodymium, samarium-cobalt, or ferrite, which retain their magnetism over long periods. Used in a wide array of applications, from electronics and electric motors to medical devices and renewable energy technologies, these magnets are valued for their ability to generate and maintain a consistent magnetic field, enabling various functions and innovations in different industries.

The major global  manufacturers of Permanent Magnets include Hitachi Metals, TDK, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet & Magneto, Zhejiang Kaiven Magnet, Guangzhou Golden South, Shunde Baling Group, Meizhou Magnetic Materials, Shin-Etsu, Beijing Zhong Ke San Huan Hi-Tech, JL MAG Rare-Earth, Yunsheng Company, Zhenghai Magnetics, Earth-Panda Magnet, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Permanent Magnets. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Permanent Magnets market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Permanent Magnets market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Permanent Magnets industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Permanent Magnets Include:

Hitachi Metals

TDK

DMEGC

Guangdong JPMF

Sinomag

Union Materials

Tokyo Ferrite

BGRIMM Magnetic Materials

Hunan Aerospace Magnet & Magneto

Zhejiang Kaiven Magnet

Guangzhou Golden South

Shunde Baling Group

Meizhou Magnetic Materials

Shin-Etsu

Beijing Zhong Ke San Huan Hi-Tech

JL MAG Rare-Earth

Yunsheng Company

Zhenghai Magnetics

Earth-Panda Magnet

Permanent Magnets Product Segment Include:

Ferrite Magnet

Rare Earth Magnet

Permanent Magnets Product Application Include:

Electro-Acoustic Products

Toy Industry

Automotive Industry

Home Appliance Industry

Computer and Office Equipment

Aerospace & Defense

Energy

Medical

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Permanent Magnets Capacity and Production Analysis

Chapter 3: Global Permanent Magnets Industry PESTEL Analysis

Chapter 4: Global Permanent Magnets Industry Porter's Five Forces Analysis

Chapter 5: Global Permanent Magnets Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 6: Global Permanent Magnets Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 7: Global Permanent Magnets Sales, Revenue, Price and Forecast by Product Type

Chapter 8: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 9: Industrial Chain Analysis, Permanent Magnets Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 10: Research Findings and Conclusion

Chapter 11: Methodology and Data Sources