Press release
NdFeB Magnets Market Report: Detailed Insights and Key Players (2024-2031) | Hitachi Metals, MMC Magnetics Corp., Vacuumschmelze.
The NdFeB Magnets Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the NdFeB Magnets market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.Download a Free sample PDF (Use Corporate email ID to Get Higher Priority) at: https://datamintelligence.com/download-sample/ndfeb-magnets-market
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.
The NdFeB (Neodymium-Iron-Boron) Magnets Market involves the production and use of powerful permanent magnets made from a combination of neodymium, iron, and boron. These magnets are widely used in applications such as electric motors, wind turbines, consumer electronics, automotive, and medical devices due to their high magnetic strength and compact size. The market is driven by increasing demand for energy-efficient solutions, electric vehicles, and renewable energy technologies.
Competitive Landscape
The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Hitachi Metals, MMC Magnetics Corp., Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, and Integrated Magnetics.
Key Developments:
In August 2022, NEO PERFORMANCE MATERIALS acquired a rare earth mining project in Greenland that was previously owned by Hudson Resources. This strategic move aims to boost NEO PERFORMANCE MATERIALS' ability to supply essential rare earth components to its permanent magnet production facility in Estonia, enhancing its position in the global supply chain for critical materials.
In April 2021, Bunting Magnetics launched the ElectroMax Overband Magnet, a significant innovation designed to meet customer demands for smaller, lighter, and more compact electro-overband magnets. This new product reflects Bunting's commitment to offering efficient, high-performance solutions for material handling and separation in various industries.
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Market Segments
The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The NdFeB Magnets market has been segmented
By Type: Sintered NdFeB Magnet, Bonded NdFeB Magnet, Hot-Pressed NdFeB Magnets.
By Coating: Uncoated, Nickel, Zinc, Epoxy, Tin and Others.
By Magnet Shape: Block, Disc, Ring, Arc, Triangle and Others.
By Application: Consumer Electronics, Industrial Motor, Energy-Saving Appliances, Vehicle, Wind Power, Medical Devices and Others.
Research Process
Both primary and secondary data sources have been used in the global NdFeB Magnets Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis for NdFeB Magnets Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, NdFeB Magnets market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global NdFeB Magnets Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global NdFeB Magnets market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the NdFeB Magnets Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of NdFeB Magnets market?
➠ Who are the global key manufacturers of the NdFeB Magnets Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the NdFeB Magnets market opportunities and threats faced by the vendors in the global NdFeB Magnets Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the NdFeB Magnets market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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