The detailed research report on the global Bonded Magnet Market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes note of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
The research report on the global Bonded Magnet Market also provides an in-detailed analysis of the overall vendor landscape. The report analyzes the key marketing and promotional strategies adopted by the leading companies in the global market.
Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into.
2017-2021 Global Bonded Magnet Market Outlook in Comparison to 2022-2032 Growth Forecast
Historically, the bonded magnet industry witnessed growth at 4.2% CAGR from 2017 to 2021. The market for bonded magnets generated an absolute dollar opportunity of nearly US$ 1.3 Bn over this time period. It is expected to offer an absolute dollar opportunity of US$ 2.6 Bn and US$ 4.1 Bn in the mid-term (2022-27) and long-term (2022-2032), respectively.
The European bonded magnet market holds the second position in the global bonded magnet business, and is anticipated to gain 109 BPS at a CAGR of 7.3%.
Market Players:
- TDK Corporation
- Hitachi Metals, Ltd.
- Ningbo Yunsheng Co. Ltd.,
- Advanced Technology Materials Co. Ltd.
- Magnequench International, LLC
- SDM Magnetics Co., Ltd.
- Ningbo Newland Magnet Industry Co., Ltd.
- Arnold Magnetic Technologies,
- Mate Co., Ltd.
- Evitron Sp. z o.o.
- MMC Magnetics Corp
- RHEINMAGNET Horst Baermann GmbH.
- Dura Magnetics, Inc.
- Adams Magnetic Products
- National Imports, LLC
- Super Magnet Co., Ltd.
- Galaxy Magnets
- Daido Electronics Co., Ltd.
- Shanghai San Huan Magnetics Co., Ltd.
- MP Material
- Other Key Players
Bonded Magnet Industry Research by Segments
· Bonded Magnet Market by Product Type:
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- Rare Earth Magnets
- NdFeB
- SmCo
- Bonded Ferrite Magnets
- Others
- Rare Earth Magnets
· Bonded Magnet Market by Process Type:
-
- Injection Molded Bonded Magnets
- Compression Bonded Magnets
- Calendaring Bonded Magnets
- Extrusion Bonded Magnets
· Bonded Magnet Market by Application:
-
- Sensors
- Motors
- Hard Disk Drives
- Level Gauges
- Instrument Panels
- Copier Rotors
- Fuel Filters
- Magnetic Couplings
· Bonded Magnet Market by End Use:
-
- Automotive
- HVAC Equipment
- Medical Devices
- Cameras
- Consumer Electronic Appliances
- Computers and Magnetic Storage Devices
- Electrical Equipment
- Measurement Instruments
- Printer and Copiers
· Bonded Magnet Market by Region:
-
- North America Bonded Magnet Market
- Latin America Bonded Magnet Market
- Europe Bonded Magnet Market
- East Asia Bonded Magnet Market
- South Asia & Oceania Bonded Magnet Market
- MEA Bonded Magnet Market
Competitive Landscape: Top Companies in Bonded Magnet Market
The global bonded magnet market is moderately consolidated in nature. There exist big players in the market with huge financial muscle and distribution networks spread across the globe. Key global players account for 15% to 20% of the market share, whereas, other small- and medium-sized players account for 80% to 85%.
Key companies have adopted various strategies such as mergers & acquisitions, partnerships, etc., to upscale their growth. New product development is a key strategy that bonded magnet suppliers are resorting to expand their market presence among consumers.
Fact.MR has provided detailed information about price points of top manufacturers of bonded magnet positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- On 2nd March 2021, Arnold Magnetic Technologies acquired Ramco Electric Motors Company. This acquisition will further advance the company’s strategic priorities to deliver engineered solutions and new materials that empower customers to develop next-generation technologies.
- In 2020, Ningbo Newland Magnet Industry Co. Ltd. launched a type of bonded magnet that can be used with 5G technology, which ensures that ferrite and samarium-cobalt magnets should be able to provide the performance required in 5G applications.
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