Japan NdFeB (Neodymium-Iron-Boron) magnet market reached a volume of 17,282 Tons in 2019. 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. Looking forward, IMARC Group expects the Japan NdFeB (Neodymium-Iron-Boron) magnet market to exhibit moderate growth during the next five years.
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.
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Report Customization: Although IMARC has tried to cover everything in the neodymium-iron-boron magnet market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report
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