Global Mulcher Attachment Equipment Market Growth 2025-2031
Description
The global SmFeN Magnets market size is predicted to grow from US$ 46.0 million in 2025 to US$ 56.8 million in 2031; it is expected to grow at a CAGR of 3.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Samarium Iron Nitride (SmFeN) magnets are high-performance anisotropic permanent magnets produced through an injection molding process. The process involves blending SmFeN magnetic powder with engineering plastic PA12, followed by granulation and molding under an orientation magnetic field. Unlike traditional rare earth magnets, SmFeN magnets are free of cobalt (Co) and heavy rare earth elements such as dysprosium or terbium, making them a more sustainable and cost-effective alternative. These magnets exhibit superior oxidation and corrosion resistance—approximately two to three times better than comparable NdFeB (Neodymium-Iron-Boron) materials. Due to their stability and performance under harsh environmental conditions, SmFeN magnets are increasingly used in precision applications such as sensors, small motors, actuators, and other electronic components.
The global SmFeN magnet market is highly concentrated, with a few dominant players controlling the majority of the market share. Key companies include Daido Electronics, Sumitomo Metal Mining, and Nichia Corporation, which together account for more than 95% of the global market. These companies benefit from advanced proprietary technologies, established supply chains, and strong customer networks. Asia, particularly Japan and China, represents the largest production and consumption region, capturing approximately 84% of the global market. Europe and North America follow with relatively smaller shares of around 7% and 5%, respectively. The concentration of demand in Asia is largely attributed to the region's strong presence in electronics manufacturing and automotive component production, where SmFeN magnets are favored for their reliability and cost advantages.
Looking ahead, the SmFeN magnet market is expected to grow steadily, driven by the expanding demand for miniaturized and efficient components in the electronics, automotive, and industrial automation sectors. The global push for reducing dependency on heavy rare earth elements and cobalt—both of which face geopolitical and supply risks—further enhances the strategic value of SmFeN magnets. In particular, their superior environmental resistance makes them suitable for emerging applications such as electric vehicle sensors and outdoor industrial equipment. With increasing focus on sustainability, cost optimization, and material innovation, SmFeN magnets are well-positioned as a next-generation solution in the permanent magnet industry.
LP Information, Inc. (LPI) ' newest research report, the “SmFeN Magnets Industry Forecast” looks at past sales and reviews total world SmFeN Magnets sales in 2024, providing a comprehensive analysis by region and market sector of projected SmFeN Magnets sales for 2025 through 2031. With SmFeN Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SmFeN Magnets industry.
This Insight Report provides a comprehensive analysis of the global SmFeN Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SmFeN Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SmFeN Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SmFeN Magnets and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SmFeN Magnets.
This report presents a comprehensive overview, market shares, and growth opportunities of SmFeN Magnets market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets
Segmentation by Application:
Consumer Electronics
Consumer Goods
Automobile
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Daido Electronics
Sumitomo Metal Mining
Nichia Corporation
Magvalley
Key Questions Addressed in this Report
What is the 10-year outlook for the global SmFeN Magnets market?
What factors are driving SmFeN Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SmFeN Magnets market opportunities vary by end market size?
How does SmFeN Magnets break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Samarium Iron Nitride (SmFeN) magnets are high-performance anisotropic permanent magnets produced through an injection molding process. The process involves blending SmFeN magnetic powder with engineering plastic PA12, followed by granulation and molding under an orientation magnetic field. Unlike traditional rare earth magnets, SmFeN magnets are free of cobalt (Co) and heavy rare earth elements such as dysprosium or terbium, making them a more sustainable and cost-effective alternative. These magnets exhibit superior oxidation and corrosion resistance—approximately two to three times better than comparable NdFeB (Neodymium-Iron-Boron) materials. Due to their stability and performance under harsh environmental conditions, SmFeN magnets are increasingly used in precision applications such as sensors, small motors, actuators, and other electronic components.
The global SmFeN magnet market is highly concentrated, with a few dominant players controlling the majority of the market share. Key companies include Daido Electronics, Sumitomo Metal Mining, and Nichia Corporation, which together account for more than 95% of the global market. These companies benefit from advanced proprietary technologies, established supply chains, and strong customer networks. Asia, particularly Japan and China, represents the largest production and consumption region, capturing approximately 84% of the global market. Europe and North America follow with relatively smaller shares of around 7% and 5%, respectively. The concentration of demand in Asia is largely attributed to the region's strong presence in electronics manufacturing and automotive component production, where SmFeN magnets are favored for their reliability and cost advantages.
Looking ahead, the SmFeN magnet market is expected to grow steadily, driven by the expanding demand for miniaturized and efficient components in the electronics, automotive, and industrial automation sectors. The global push for reducing dependency on heavy rare earth elements and cobalt—both of which face geopolitical and supply risks—further enhances the strategic value of SmFeN magnets. In particular, their superior environmental resistance makes them suitable for emerging applications such as electric vehicle sensors and outdoor industrial equipment. With increasing focus on sustainability, cost optimization, and material innovation, SmFeN magnets are well-positioned as a next-generation solution in the permanent magnet industry.
LP Information, Inc. (LPI) ' newest research report, the “SmFeN Magnets Industry Forecast” looks at past sales and reviews total world SmFeN Magnets sales in 2024, providing a comprehensive analysis by region and market sector of projected SmFeN Magnets sales for 2025 through 2031. With SmFeN Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SmFeN Magnets industry.
This Insight Report provides a comprehensive analysis of the global SmFeN Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SmFeN Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SmFeN Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SmFeN Magnets and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SmFeN Magnets.
This report presents a comprehensive overview, market shares, and growth opportunities of SmFeN Magnets market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Isotropic SmFeN Magnets
Anisotropic SmFeN Magnets
Segmentation by Application:
Consumer Electronics
Consumer Goods
Automobile
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Daido Electronics
Sumitomo Metal Mining
Nichia Corporation
Magvalley
Key Questions Addressed in this Report
What is the 10-year outlook for the global SmFeN Magnets market?
What factors are driving SmFeN Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do SmFeN Magnets market opportunities vary by end market size?
How does SmFeN Magnets break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
76 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Mulcher Attachment Equipment by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Mulcher Attachment Equipment by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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