Press release
Magnet Market Share Worth USD 17,695.6 Million by 2030 With CAGR of 8.91% | Revenue, Growth, Trends, Key Companies
In the realm of science and industry, magnets play a pivotal role, often quietly influencing various aspects of our daily lives. From powering electric motors to securing refrigerator doors, magnets are ubiquitous. However, beyond their common applications, there exists a thriving market that caters to diverse industries and technological advancements. Let's delve into the dynamic world of the magnet market to understand its significance and burgeoning trends.Get Report Sample Copy: https://www.marketresearchfuture.com/sample_request/20733
The Magnet Market Landscape:
The magnet market encompasses a wide array of materials and applications, ranging from ferrite magnets used in consumer electronics to rare-earth magnets powering renewable energy technologies. Magnet Market Size was valued at USD 8,985.4 million in 2022. The Magnet industry is projected to grow from USD 9,737.5 million in 2023 to USD 17,695.6 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.91% during the forecast period (2023 - 2030). This growth can be attributed to the increasing demand for magnets in sectors such as automotive, electronics, healthcare, and energy.
Key Drivers of Growth:
Several factors are driving the expansion of the magnet market. One prominent factor is the growing adoption of electric vehicles (EVs) and hybrid vehicles worldwide. Permanent magnets, particularly those made of neodymium and samarium cobalt, are essential components in electric motors used in these vehicles, contributing to improved energy efficiency and reduced carbon emissions.
Moreover, the renewable energy sector, including wind turbines and solar power systems, relies heavily on magnets for generating electricity. Neodymium magnets, in particular, are crucial for the efficient functioning of wind turbines, making them indispensable in the transition towards sustainable energy sources.
Technological advancements have also fueled the demand for magnets. Miniaturization of electronic devices, such as smartphones, laptops, and medical devices, requires smaller yet more powerful magnets, driving innovation in magnet manufacturing processes and materials.
Report Summary: https://www.marketresearchfuture.com/reports/magnet-market-20733
Challenges and Opportunities:
Despite the promising growth prospects, the magnet market faces certain challenges. One such challenge is the supply chain constraints associated with rare-earth magnets. China currently dominates the production of rare-earth magnets, leading to concerns over supply security and price volatility. However, efforts are underway to diversify the supply chain and develop alternative magnet materials to mitigate these risks.
Furthermore, environmental considerations are becoming increasingly important in the magnet market. The extraction and processing of rare-earth metals pose environmental hazards, prompting manufacturers to explore sustainable practices and recyclable materials. Initiatives aimed at improving the lifecycle management of magnets, including recycling and recovery programs, present opportunities for sustainable growth in the market.
Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=20733
Key Companies in the Magnet Market includes
TDK Corporation
PROTERIAL, Ltd.
Shin-Etsu Chemical Co., Ltd
Adams Magnetic Products Co
Others
Emerging Trends:
Several emerging trends are shaping the future of the magnet market. One such trend is the integration of magnets in advanced medical devices and imaging technologies for diagnostics and treatment purposes. Magnetic resonance imaging (MRI) machines, for instance, rely on powerful magnets to produce detailed images of internal body structures, driving demand for high-performance magnet materials.
Moreover, the rise of additive manufacturing, or 3D printing, is revolutionizing magnet production by enabling complex geometries and customized designs. Additive manufacturing techniques offer flexibility and efficiency in magnet fabrication, paving the way for novel applications in aerospace, defense, and electronics industries.
Related Report
Copper Mining Market https://www.marketresearchfuture.com/reports/copper-mining-market-9812
Gold Mining Market https://www.marketresearchfuture.com/reports/gold-mining-market-16112
Graphite Mining Market https://www.marketresearchfuture.com/reports/graphite-mining-market-16121
Industrial Minerals Market https://www.marketresearchfuture.com/reports/industrial-minerals-market-16128
Infrastructure Construction Market https://www.marketresearchfuture.com/reports/infrastructure-construction-market-16136
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magnet Market Share Worth USD 17,695.6 Million by 2030 With CAGR of 8.91% | Revenue, Growth, Trends, Key Companies here
News-ID: 3433643 • Views: …
More Releases from Market Research Future

Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…

Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…

Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…

Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
More Releases for Magnet
Permanent Magnet Ferrite Magnet Market: Manufacturer Capacity, Output, Sales, Co …
On Sep 30, Global Info Research released "Global Permanent Magnet Ferrite Magnet Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Permanent Magnet Ferrite Magnet industry chain, the market status of Permanent Magnet Ferrite Magnet Market, and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Permanent Magnet…
NdFeB Market Size, Share & Analysis 2025 | Neodymium Magnet, Rare-Earth Magnet I …
Global NdFeB (Neodymium Iron Boron) Magnets Market reached US$ 14.0 billion in 2022 and is expected to reach US$ 23.7 billion by 2031, growing with a CAGR of 6.9% during the forecast period 2024-2031.
NdFeB Magnets Market Industry Outlook - Strategic Insights for 2025
NdFeB Magnets Market is witnessing transformative growth in 2025, driven by evolving consumer demand, technology disruption, and sustainability trends. The newly released market research report by DataM Intelligence…
Global Magnet Assemblies & Magnet Market Size by Application, Type, and Geograph …
USA, New Jersey- According to Market Research Intellect, the global Magnet Assemblies & Magnet market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The magnet assemblies and magnet market is experiencing steady growth due to rising demand across industries such as automotive, electronics, renewable energy, and…
Why is QCM Shuttering Magnet the best choice for precast concrete magnet?
What are the advantages of QCM Shuttering Magnet?
.Magnet
Magnet is the core raw material of shuttering magnet, for precast magnet its main two properties are crucial.
1, the residual magnetism Br: the magnetization of ferromagnetic materials to remove the magnetic field, the magnetization of the magnetized ferromagnet on the remaining magnetization strength, which directly affects the shuttering magnet [https://www.pcshutteringmagnet.com/precast-concrete-magnets/] suction, the higher the magnet performance Br the greater.
2, endowed coercivity Hcj: endowed…
Why are permanent magnet motors permanent magnet motors more efficient?
The permanent magnet synchronous motor [https://www.cndfdmotor.com/ty2-series-high-efficiency-permanent-magnet-synchronous-motor/] is mainly composed of a stator, a rotor and a housing. Like ordinary AC motors, the stator core is a laminated structure to reduce iron loss due to eddy current and hysteresis effects during motor operation; the winding is usually a three-phase symmetrical structure, but the parameter selection is quite different. The rotor part has various forms, including permanent magnet rotors with starting squirrel…
Magnet Wire Market Report 2024 - Magnet Wire Market Trends, Share, And Forecast
"The Business Research Company recently released a comprehensive report on the Global Magnet Wire Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…