Global Permanent Magnet Market being Driven by an Increasing Demand of Gadgets

A new report released by research firm IMARC Group finds that growth and technological advancements in information and communication technology are currently catalysing the global demand of permanent magnets.

According to the report, the past few decades have witnessed rapid strides in the field of Information & Communication Technology. The global demand for gadgets such as computers, mobile phones, music players, etc. has been quite robust and is likely to remain so in the short and medium terms. The report finds that in 2015 the global population was estimated to be around 7.3 billion and is projected to reach 7.7 billion by 2020 growing at a CAGR of around 1.1% during 2015-2020. As against this, there were around 3.7 billion unique mobile subscribers with the subscriber base reaching 51% of the total global population. As per estimates, the subscriber base is expected to grow at a CAGR of around 4 % during the next five years (significantly faster than the global population growth). As mobile phones represent a major end user of permanent magnets, the growth in subscriber base is expected to act as a catalyst for the global permanent magnets industry. Similarly, the number of personal computers (desktops and laptops) in the world are currently estimated to be around 1.7 billion or 22% of the total global population. This leaves an immense scope for future growth which is expected to continuously drive the global demand of hard disk drives, CD ROMs, DVD ROMs, speakers, etc. which are based upon permanent magnets.

IMARC’s new report “Global Magnet Market: Industry Trends, Magnet Types, Major Markets, Manufacturing and Applications” provides a deep insight into the global permanent magnet market. Historical market data (2007-2014) and forecast (2015-2020) for all types of permanent magnets have been provided on a global, as well as on a country level. Other metrics such as key manufacturers, applications, drivers, challenges, manufacturing requirements, raw material requirements, machinery requirements, etc. have also been analysed in this report. This report aims to serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the permanent magnet market in any form.

What we have achieved in this report?

Market Analysis of Various Permanent Magnets

Permanent Magnets Covered: 
Ferrite, Neodymium Iron Boron (NdFeB), Aluminum Nickel Cobalt (AlNiCo) and Samarium Cobalt (SmCo).

Focus of the analysis for each permanent magnet:

  • Current and Historical Market Trends (2007-2014)
  • Market Breakup by Region
  • Market by Applications
  • Market Forecast (2015-2020)


Market Analysis of Various Regions

Regions Covered: 
China, Japan, United States, Europe and Other Regions

Focus of the analysis for each region:

  • Current and Historical Market Trends (2007-2014)
  • Market Breakup by Magnet Type
  • Market Forecast (2015-2020)


Market Analysis of Various Applications

Applications Covered:

  • Computer Hard Disk Drives (HDD), CD, DVD
  • Hybrid Electric Vehicles
  • Electric Bicycles
  • Heating, Ventilating and Air Conditioners (HVAC)
  • Wind Turbines
  • Other Applications


Requirements for Setting-up a Permanent Magnet Manufacturing Plant

Permanent Magnets Covered: 
Ferrite, Neodymium Iron Boron (NdFeB) and Samarium Cobalt (SmCo).

Focus of the analysis for each magnet:

  • Manufacturing Process
  • Raw Material Requirements
  • Machinery Requirements


To buy the complete report or to get a free sample, please contact:

IMARC Group North America:

Email: america@imarcgroup.com
Phone: +1-631-791-1145

IMARC Group Europe, Middle East & Africa:
Email: ema@imarcgroup.com
Phone: +44-702-409-7331

Read Full Report on Global Permanent Magnet Market: https://www.imarcgroup.com/magnet-market