Here's Why 2020 Could Be Another Big Year for Permanent Magnet Market

A latest study released by Advance Market Analytics on Global Permanent Magnet Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Permanent Magnet market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are Hangzhou Permanent Magnet Group (China), Adams Magnetic Products (United States), Electron Energy Corp. (United States), Hitachi Metals (Japan), Arnold Magnetic Technologies (United States), TDK Corporation (Japan), Shin-etsu Chemical Co., Ltd. (Japan), Arnold Magnetic Technologies (United States), Electron Energy Corporation (United States) and Tengam Engineering, Inc. (United States).

Permanent magnets are materials where the magnetic field is generated by the internal structure of the material itself. Permanent magnets are made from ferromagnetic materials like iron. It does not require any power source and usually produces a powerful magnetic field compared to their size. They have a wide variety of applications such as hard drives, motors, cars, generators, televisions, phones, headphones, speakers, transducers, sensors and others.

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Market Drivers
• Significant Growth of Automotive Industry Owing to Rising Population
• Technological Advancement
• Increasing Applications of Permanent Magnet

Market Trend
• Growing Trend of Energy Efficient Motors in All Applications

Restraints
• Fluctuations in the Prices of Rare Earth Metals and Other Such Raw Materials Are Used To Manufacture Permanent Magnets
• Availabilities of Substitutes

Opportunities
• Changing Trend towards Renewable Energy
• Technological Developments in Permanent Magnets
• Growing Demand from End-User Industries

Challenges
• Lack of Quality Control in Developing Countries
• High R&D Investments

1. Steady growth, expanding margins

Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.

2. Industry growth prospects and market share

According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by , the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Permanent Magnet market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.

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3. Ambitious growth plans & rising competition?

Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Hangzhou Permanent Magnet Group (China), Adams Magnetic Products (United States), Electron Energy Corp. (United States), Hitachi Metals (Japan), Arnold Magnetic Technologies (United States), TDK Corporation (Japan), Shin-etsu Chemical Co., Ltd. (Japan), Arnold Magnetic Technologies (United States), Electron Energy Corporation (United States) and Tengam Engineering, Inc. (United States).

4. Where the Industry is today

Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.

Key Insights that Study is going to provide:

• Revenue splits by most promising business segments.
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players.
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.

** May vary depending upon availability and feasibility of data with respect to Industry targeted

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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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