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Japan NdFeB (Neodymium-Iron-Boron) magnet market reached a volume of 17,455 Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
NdFeB magnets represent the strongest type of permanent magnets. They have replaced other types of magnets in several machinery, equipment and appliances that require strong permanent magnets, such as motors in cordless tools, hard disk drives, magnetic fasteners, etc.
Japan represents the second largest market for NdFeB magnets. Some of the world’s biggest electronics and automobile manufacturers such as Hitachi, Panasonic, Sony, Toyota, Nissan, Honda, etc are based in Japan, driving the demand of these magnets in the country. NdFeB magnets are widely used in Japan in the field of energy and energy saving applications because of their unique features such as portable size, light weight, strong magnetic force and energy saving ability. These magnets are mainly used in wind turbines, energy-efficient elevators, electric bicycles, hybrid vehicles, computer hard disk drives, medical equipment, consumer electronics, etc.
IMARC Group’s latest report provides a deep insight into the Japan neodymium-iron-boron magnet market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Japan neodymium-iron-boron magnet market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan NdFeB (Neodymium-Iron-Boron) magnet market report, along with forecasts for growth at the country level from 2021-2026. Our report has categorized the market based on application and domestically manufactured/imports.
|Base Year of the Analysis||2020|
|Segment Coverage||Application, Domestically Manufactured/Imports|
|Customization Scope||10% Free Customization|
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Key Questions Answered in This Report:
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