EV用マグネット市場規模、シェア、動向、2030年までの世界予測

EV（電気自動車）用磁石市場は、2025年には53億米ドルと推定され、2030年までに95億米ドルで、予測期間中の年平均成長率（CAGR）は12.4%に達するとMarketsandMarketsでは予測しています。この成長は、電気自動車の世界的な普及の急速な進展、車両電動化に対する政府のインセンティブの増加、そして内燃機関から電気駆動系への移行を加速させる厳しい排出ガス規制によって牽引されています。特に、トラクションモーターにおけるネオジム鉄ホウ素（NdFeB）などの希土類磁石をはじめとする高性能永久磁石の需要の高まりが、市場拡大に大きく貢献しています。モーター効率の向上、EV製造能力への投資の増加、アジア太平洋、ヨーロッパ、北米などの主要地域における充電インフラの拡大も、市場の成長をさらに後押ししています。しかしながら、希土類材料に関連するサプライチェーンの制約や価格変動が、予測期間中の市場動向に影響を与える可能性があります。

調査概要

本調査レポートは、EV（電気自動車）用磁石市場を磁石の種類（NDFEB、SMCO、AINICO、フェライト）、車両の種類（乗用EV、電気バス・トラック）、用途（電気モーターコア・駆動モーター、パワートレイン部品、バッテリー・充電サブシステム、制御・センシングシステム）、電力定格（低、中、高）、地域（北米、欧州、アジア太平洋、中東・アフリカ、ラテンアメリカ）別に分類しています。レポートの範囲には、EV用磁石市場の成長に影響を与える主要要因（推進要因、阻害要因、課題、機会など）に関する詳細な情報が含まれています。主要企業を包括的に調査し、事業概要、ソリューションとサービス、主要戦略、EV用磁石市場における最新動向に関する洞察を提供しています。また、EV用磁石市場のエコシステムにおける新興企業の競合分析も含まれています。

本レポートを購入する理由

本レポートは、市場リーダーおよび新規参入企業に対し、EV用磁石市場全体およびそのサブセグメントの収益予測を提供します。本レポートは、関係者が競争環境を理解し、自社の事業をより有利な位置づけにし、適切な市場参入戦略を策定するための洞察を得るのに役立ちます。また、市場の動向を把握し、主要な市場推進要因、阻害要因、課題、機会に関する情報を提供します。

本レポートは、以下の点について洞察を提供します。

• EV用磁石市場の成長に影響を与える主要な推進要因（EV生産台数の増加、PMSMトラクションモーターにおける高磁力化）、阻害要因（希土類価格の変動と供給集中）、機会（磁石リサイクルと希土類軽量化技術）、および課題（中国国外におけるサプライチェーンの現地化）の分析
• 製品開発／イノベーション：EV用磁石市場における今後の技術、研究開発活動、および製品発売に関する詳細な洞察
• 市場開発：有望な市場に関する包括的な情報 ― 本レポートは、様々な地域におけるEV用磁石市場を分析しています。
• 市場の多様化：EV用磁石市場におけるサービス、未開拓地域、最近の動向、および投資に関する包括的な情報
• 競合評価：Proterial Ltd.（日本）、TDK株式会社（日本）、信越化学工業株式会社（日本）、Vacuumschmelze GmbH & Co. KGなどの主要企業の市場シェア、成長戦略、および製品提供に関する詳細な評価EV用磁石市場には、(ドイツ)、JL Mag Rare-Earth Co., Ltd. (中国)、Beijing Zhong Ke San Huan High-Tech Co., Ltd. (中国)、Ningbo Yunsheng Co., Ltd. (中国)、Arnold Magnetic Technologies (米国)、Yantai Dongxing Magnetic Materials Inc. (中国)、Baotou Tianhe Magnetic Technology Co., Ltd. (中国)、Adams Magnetic Products, LLC (米国)、Bunting Magnetics Co. (米国)、Magnequench International, LLC. (シンガポール)、Daido Steel Co., Ltd. (日本)、Goudsmit Magnetics (オランダ)、Eclipse Magnetics (英国)、Earth-Panda Advanced Magnetic Material Co., Ltd. (中国) などがある。

Report Description

The EV magnet market is estimated at USD 5.3 billion in 2025 and is projected to reach USD 9.5 billion by 2030, growing at a CAGR of 12.4% during the forecast period. This growth is driven by the rapid global adoption of electric vehicles, increasing government incentives for vehicle electrification, and stringent emissions regulations accelerating the transition from internal combustion engines to electric drivetrains. Rising demand for high-performance permanent magnets, particularly rare-earth magnets such as neodymium-iron-boron (NdFeB), in traction motors is significantly contributing to market expansion. Advancements in motor efficiency, increased investments in EV manufacturing capacity, and the expansion of charging infrastructure across key regions, including Asia Pacific, Europe, and North America, are further supporting market growth. However, supply chain constraints related to rare-earth materials and price volatility may influence market dynamics during the forecast period.

“Electric buses & trucks accounted for largest share of overall EV magnet market in 2024”

In 2024, the electric buses & trucks segment accounted for the largest share of the overall EV magnet market by value, supported by strong global production and adoption trends that drove high demand for large traction motors with substantial magnet content. In 2023, nearly 50,000 electric buses were sold worldwide, bringing the global fleet to around 635,000 units. By 2024, the number of electric buses in operation reached approximately 780,000 units, with China alone representing almost 90% of the total fleet, underscoring the scale of production and deployment across key markets. Chinese manufacturers also exported over 15,000 new energy buses in 2024, reflecting expanding global supply, while Europe saw 22% growth in electric city bus registrations, reaching about 7,779 units in 2024, indicating robust regional growth outside Asia. These production and adoption figures highlight why electric buses & trucks dominated the EV magnet market in 2024, as their larger size and torque requirements translate into higher volumes of EV magnets per vehicle compared to other EV types.

“In terms of value, the low-power motor (<60 KW) segment accounted for the second-largest share of the overall EV magnet market in 2024.”

In 2024, the low-power motors (<60 kW) segment accounted for the second-largest share of the overall EV magnet market, supported by high production volumes of compact passenger electric vehicles, electric two-wheelers, and hybrid vehicles that typically operate within this power range. These motors are widely used in entry-level battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and light commercial vehicles, particularly in emerging economies where affordability and efficiency are key purchasing factors. Rapid growth in urban mobility solutions, rising demand for small city cars, and increasing electrification of two- and three-wheelers across the Asia Pacific region have significantly contributed to magnet demand in this segment.

“In terms of value, control & sensing systems application segment expected to register highest CAGR during forecast period”

In terms of value, the control & sensing systems application segment is expected to post the highest CAGR during the forecast period, driven by the growing integration of advanced electronic architectures and precision control mechanisms in electric vehicles. As EV platforms become more software-defined and power-electronics-intensive, demand for magnetic components in position, speed, and current sensors, resolvers, and battery management systems (BMS) is rising significantly. These systems rely on high-performance magnets to ensure accurate motor control, torque optimization, thermal management, and energy efficiency.

Adoption of advanced driver-assistance systems (ADAS), regenerative braking technologies, and intelligent power distribution units is accelerating the use of magnet-based sensing solutions. The shift toward higher-voltage architectures (400V and 800V systems) and enhanced safety standards is also increasing demand for reliable, precise magnetic sensing components. As automakers focus on improving vehicle efficiency, performance, and real-time monitoring capabilities, the control & sensing systems segment is projected to experience robust value growth throughout the forecast period.

“North America accounted for the second-largest share of the overall EV magnet market in 2024.”

North America accounted for the second-largest share of the global EV magnet market in 2024, supported by the region’s growing electric-vehicle manufacturing base and strong electrification initiatives across the US and Canada. The North American EV market continues to expand, with the US accounting for around 84% of the region’s EV market share in 2024, driven by federal incentives, state-level policies, and increasing EV model availability from both domestic and foreign OEMs. In 2024, electric-vehicle sales and production in North America remained significant, with the US projected to see continued growth in EV registrations and manufacturing output as automakers scale production of battery-electric and plug-in-hybrid models. This scale has bolstered demand for EV magnets used in traction motors and powertrain components, contributing to the region’s substantial value share in the global EV magnet market.

This study has been validated through primary interviews with industry experts globally. The primary sources have been divided into the following three categories:

• By Company Type: Tier 1 – 40%, Tier 2 – 33%, and Tier 3 – 27%
• By Designation: C-level – 50%, Director-level – 30%, and Managers – 20%
• By Region: North America – 15%, Europe – 50%, Asia Pacific – 20%, the Middle East & Africa – 10%, and Latin America – 5%

The report provides a comprehensive analysis of the following companies:

Prominent companies in this market include Proterial Ltd. (Japan), TDK Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Vacuumschmelze GmbH & Co. KG (Germany), JL Mag Rare-Earth Co., Ltd. (China), Beijing Zhong Ke San Huan High-Tech Co., Ltd. (China), Ningbo Yunsheng Co., Ltd. (China), Arnold Magnetic Technologies (US), Yantai Dongxing Magnetic Materials Inc. (China), Baotou Tianhe Magnetic Technology Co., Ltd. (China), Adams Magnetic Products, LLC (US), Bunting Magnetics Co. (US), and others.

Research Coverage

This research report categorizes the EV magnet market by magnet type (NDFEB, SMCO, AINICO, ferrite), vehicle type (passenger EVs, electric buses & trucks), application (electric motor cores & drive motors, powertrain components, battery & charging subsystems, control & sensing systems), power rating (low, medium, high), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report includes detailed information on the major factors influencing the growth of the EV magnet market, such as drivers, restraints, challenges, and opportunities. A comprehensive examination of key industry players has been conducted to provide insights into their business overview, solutions and services, key strategies, and recent developments in the EV magnet market. This report also includes a competitive analysis of upcoming startups in the EV magnet market ecosystem.

Reasons to buy this report

The report will provide market leaders and new entrants with estimates of revenue for the overall EV magnet market and its subsegments. It will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following:

• Analysis of key drivers (rising EV production and higher magnet intensity in PMSM traction motors), restraints (rare earth price volatility and supply concentration), opportunities (magnet recycling and rare earth light technologies), and challenges (supply chain localization outside China) influencing the growth of the EV magnet market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product launches in the EV magnet market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the EV magnet market across varied regions
• Market Diversification: Exhaustive information about services, untapped geographies, recent developments, and investments in the EV magnet market
• Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players such as Proterial Ltd. (Japan), TDK Corporation (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Vacuumschmelze GmbH & Co. KG (Germany), JL Mag Rare-Earth Co., Ltd. (China), Beijing Zhong Ke San Huan High-Tech Co., Ltd. (China), Ningbo Yunsheng Co., Ltd. (China), Arnold Magnetic Technologies (US), Yantai Dongxing Magnetic Materials Inc. (China), Baotou Tianhe Magnetic Technology Co., Ltd. (China), Adams Magnetic Products, LLC (US), Bunting Magnetics Co. (US), Magnequench International, LLC. (Singapore), Daido Steel Co., Ltd. (Japan), Goudsmit Magnetics (Netherlands), Eclipse Magnetics (UK), Earth-Panda Advanced Magnetic Material Co., Ltd. (China), among others, in the EV magnet market.

Table of Contents

1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 26
1.3.2 INCLUSIONS AND EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 27
1.3.4 CURRENCY CONSIDERED 28
1.3.5 UNIT CONSIDERED 28
1.4 STAKEHOLDERS 28
1.5 SUMMARY OF CHANGES 28
2 EXECUTIVE SUMMARY 29
2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS 29
2.2 KEY MARKET PARTICIPANTS: SHARE INSIGHTS AND STRATEGIC DEVELOPMENTS 30
2.3 DISRUPTIVE TRENDS SHAPING MARKET 31
2.4 HIGH-GROWTH SEGMENTS & EMERGING FRONTIERS 32
2.5 SNAPSHOT: GLOBAL MARKET SIZE, GROWTH RATE, AND FORECAST 33
3 PREMIUM INSIGHTS 34
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EV MAGNET MARKET 34
3.2 EV MAGNET MARKET, BY MAGNET TYPE AND REGION 35
3.3 EV MAGNET MARKET, BY VEHICLE TYPE 35
3.4 EV MAGNET MARKET, BY APPLICATION 36
3.5 EV MAGNET MARKET, BY COUNTRY 36
4 MARKET OVERVIEW 37
4.1 INTRODUCTION 37
4.2 MARKET DYNAMICS 37
4.2.1 DRIVERS 37
4.2.1.1 Growing use of rare earth magnets in battery electric vehicles (BEVs) 37
4.2.1.2 Stricter vehicle emission regulations accelerating OEM electrification strategies 38
4.2.2 RESTRAINTS 38
4.2.2.1 Fluctuating raw material prices 38
4.2.2.2 Recycling and recovery limitations for end-of-life EV magnets 38
4.2.3 OPPORTUNITIES 39
4.2.3.1 Rising demand for high-efficiency traction motors to extend EV range 39
4.2.3.2 Development of rare-earth-free magnet technologies 39
4.2.4 CHALLENGES 40
4.2.4.1 Heavy reliance on China for raw materials 40
4.2.4.2 Environmental constraints and recycling hurdles in rare earth mining 40
4.3 UNMET NEEDS AND WHITE SPACES 41
4.3.1 UNMET NEEDS IN EV MAGNET MARKET 41
4.3.2 WHITE SPACE OPPORTUNITIES 41
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 42
4.4.1 INTERCONNECTED MARKETS 42
4.4.2 CROSS-SECTOR OPPORTUNITIES 42
4.5 EMERGING BUSINESS MODELS AND ECOSYSTEM SHIFTS 42
4.5.1 EMERGING BUSINESS MODELS 42
4.5.2 ECOSYSTEM SHIFTS 42
4.6 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS 43
4.6.1 KEY MOVES AND STRATEGIC FOCUS 43
5 INDUSTRY TRENDS 44
5.1 PORTER’S FIVE FORCES ANALYSIS 44
5.1.1 THREAT OF NEW ENTRANTS 45
5.1.2 THREAT OF SUBSTITUTES 45
5.1.3 BARGAINING POWER OF SUPPLIERS 45
5.1.4 BARGAINING POWER OF BUYERS 45
5.1.5 INTENSITY OF COMPETITIVE RIVALRY 45
5.2 MACROECONOMIC INDICATORS 46
5.2.1 INTRODUCTION 46
5.2.2 GDP TRENDS AND FORECAST 46
5.2.3 TRENDS IN GLOBAL ELECTRIC VEHICLE INDUSTRY 48
5.3 VALUE CHAIN ANALYSIS 48
5.4 ECOSYSTEM ANALYSIS 49
5.5 PRICING ANALYSIS 50
5.5.1 AVERAGE SELLING PRICE, BY KEY PLAYER 50
5.5.2 AVERAGE SELLING PRICE TREND, BY REGION 51
5.6 TRADE ANALYSIS 52
5.6.1 IMPORT SCENARIO (HS CODE 850519) 52
5.6.2 EXPORT SCENARIO (HS CODE 850519) 53
5.7 KEY CONFERENCES AND EVENTS, 2026–2027 54
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55
5.9 INVESTMENT AND FUNDING SCENARIO 55
5.10 CASE STUDY ANALYSIS 56
5.10.1 HIGH-PERFORMANCE NDFEB MAGNETS: EV BOOM OUTPACES PRODUCTION CAPACITY 56
5.10.2 PROTERIAL’S BREAKTHROUGH NMX-F1SH-HF, WHICH PERMITS APPLICATIONS FOR DRIVING MOTORS AND ELECTRIC POWER STEERING 57
5.10.3 VACUUMSCHMELZE GMBH & CO. KG BREAKTHROUGH PRODUCT LAUNCH OF VACODYM 902 TP 57
5.11 IMPACT OF 2025 US TARIFF ON EV MAGNET MARKET 57
5.11.1 INTRODUCTION 57
5.11.2 KEY TARIFF RATES 58
5.11.3 PRICE IMPACT ANALYSIS 59
5.11.4 IMPACT ON COUNTRIES/REGIONS 59
5.11.4.1 US 59
5.11.4.2 Asia Pacific 60
5.11.5 IMPACT ON END-USE INDUSTRIES 62
5.12 IMPACT OF CHINA’S DOMINANCE ON RARE-EARTH MINERAL PROCESSING AND PERMANENT MAGNET MANUFACTURING 63
5.12.1 INTRODUCTION 63
5.12.2 RARE-EARTH MINERAL PROCESSING 63
5.12.3 PERMANENT MAGNET MANUFACTURING 63
5.12.4 IMPACT ON END-USE INDUSTRIES 64
5.12.5 IMPACT ON REGIONS 64
6 STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTIONS 66
6.1 KEY EMERGING TECHNOLOGIES 66
6.1.1 ADVANCED GRAIN BOUNDARY DIFFUSION (GBDP) PROCESS HEAT TREATMENT 66
6.1.2 HALBACH ARRAY DESIGN 66
6.2 COMPLEMENTARY TECHNOLOGIES 67
6.2.1 HOT DEFORMATION PROCESSING 67
6.3 TECHNOLOGY/PRODUCT ROADMAP 68
6.3.1 SHORT-TERM (2025–2027) | FOUNDATION & EARLY COMMERCIALIZATION 68
6.3.2 MID-TERM (2027–2030) | EXPANSION & STANDARDIZATION 68
6.3.3 LONG-TERM (2030–2035+) | MASS COMMERCIALIZATION & DISRUPTION 69
6.4 PATENT ANALYSIS 70
6.4.1 INTRODUCTION 70
6.4.2 METHODOLOGY 70
6.4.3 DOCUMENT TYPE 70
6.4.4 INSIGHTS 71
6.4.5 LEGAL STATUS OF PATENTS 71
6.4.6 JURISDICTION ANALYSIS 72
6.4.7 TOP APPLICANTS 72
6.4.8 LIST OF PATENTS BY YANTAI DONGXING MAGNETIC MAT INC. 73
6.5 FUTURE APPLICATIONS 73
6.5.1 ADVANCED PROPULSION SYSTEMS 74
6.5.2 AUTONOMOUS & SMART CHASSIS 74
6.5.3 THERMAL MANAGEMENT & AUXILIARY 75
6.6 IMPACT OF AI/GEN AI ON EV MAGNET MARKET 76
6.6.1 TOP USE CASES AND MARKET POTENTIAL 76
6.6.2 BEST PRACTICES IN EV MAGNET MARKET PROCESSING 76
6.6.3 CASE STUDIES OF AI IMPLEMENTATION IN EV MAGNET MARKET 77
6.6.4 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 77
6.6.5 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN EV MAGNET MARKET 77
6.7 SUCCESS STORIES AND REAL-WORLD APPLICATIONS 77
6.7.1 MONUMO: CORE INNOVATION, ANSER ENGINE 77
6.7.2 MP MATERIALS: VERTICALLY INTEGRATED “MINE-TO-MAGNET” POWER HOUSE 78
6.7.3 BMW: MANUFACTURED NOZZLES USING OPTIMIZED EV MAGNETS THROUGH ADDITIVE MANUFACTURING 78
7 SUSTAINABILITY AND REGULATORY LANDSCAPE 79
7.1 REGIONAL REGULATIONS AND COMPLIANCE 79
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
7.1.2 INDUSTRY STANDARDS 81
7.2 SUSTAINABILITY INITIATIVES 81
7.2.1 RECYCLING EFFORTS 81
7.2.1.1 EV motor magnet recovery 81
7.2.1.2 Rare-Earth-free alternatives 82
7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES 82
7.4 CERTIFICATIONS, LABELING, ECO-STANDARDS 83
8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR 84
8.1 DECISION-MAKING PROCESS 84
8.2 BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA 85
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 85
8.2.2 BUYING CRITERIA 86
8.3 ADOPTION BARRIERS & INTERNAL CHALLENGES 87
8.4 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES 88
8.5 MARKET PROFITABILITY 88
8.5.1 REVENUE POTENTIAL 88
8.5.2 COST DYNAMICS 89
8.5.3 MARGIN OPPORTUNITIES, BY APPLICATION 89

9 EV MAGNET MARKET, BY MAGNET TYPE 90
9.1 INTRODUCTION 91
9.2 NDFEB 92
9.2.1 RISE IN GLOBAL EV SALES TO DRIVE MARKET 92
9.3 SMCO 93
9.3.1 STRATEGIC ROLE OF SMCO IN HIGH-TEMPERATURE EV APPLICATIONS TO DRIVE DEMAND 93
9.4 ALNICO 94
9.4.1 LIMITED BUT SPECIALIZED ROLE IN EV MAGNET MARKET 94
9.5 FERRITE 95
9.5.1 COST ADVANTAGE IN LOW-POWER EV APPLICATIONS TO DRIVE MARKET 95
9.6 OTHER TYPES 96
10 EV MAGNET MARKET, BY VEHICLE TYPE 98
10.1 INTRODUCTION 99
10.2 PASSENGER EVS 100
10.2.1 STRONG ADOPTION OF HIGH-POWER TRACTION MOTORS AND DUAL-MOTOR CONFIGURATIONS TO DRIVE SEGMENT 100
10.3 ELECTRIC BUSES & TRUCKS 101
10.3.1 HIGH-POWER TRACTION SYSTEMS AND FLEET ELECTRIFICATION TO DRIVE DEMAND 101
10.4 OTHER VEHICLE TYPES 102
11 EV MAGNET MARKET, BY APPLICATION 104
11.1 INTRODUCTION 105
11.2 ELECTRIC MOTOR CORES & DRIVE MOTORS 106
11.2.1 HIGH TORQUE DENSITY & SURGING EV PRODUCTION TO DRIVE DEMAND 106
11.2.2 ELECTRIC MOTOR CORES & DRIVE MOTORS: EV MAGNET MARKET, BY APPLICATION 107
11.3 POWERTRAIN COMPONENTS 107
11.3.1 SUPERIOR MAGNETIC PERFORMANCE OF EV MAGNETS TO DRIVE DEMAND 107
11.3.2 POWERTRAIN COMPONENTS: EV MAGNET MARKET, BY APPLICATION 108
11.4 BATTERY & CHARGING SYSTEMS 109
11.4.1 INCREASING FAST-CHARGING ADOPTION AND THERMAL MANAGEMENT REQUIREMENTS TO DRIVE DEMAND 109
11.4.2 BATTERY & CHARGING SYSTEMS: EV MAGNET MARKET, BY APPLICATION 109
11.5 CONTROL & SENSING SYSTEMS 110
11.5.1 PRECISION CONTROL AND VEHICLE ELECTRONIFICATION TO DRIVE MAGNET INTEGRATION 110
11.5.2 CONTROL & SENSING SYSTEMS: EV MAGNET MARKET, BY APPLICATION 110
11.6 OTHER APPLICATIONS 111
11.6.1 OTHER APPLICATIONS: EV MAGNET MARKET, BY APPLICATION 111

12 EV MAGNET MARKET, BY POWER RATING 113
12.1 INTRODUCTION 114
12.2 LOW-POWER MOTORS 115
12.2.1 STRONG PENETRATION IN TWO- & THREE-WHEELERS AND AUXILIARY SYSTEMS TO DRIVE SEGMENT 115
12.3 MEDIUM-POWER MOTORS 116
12.3.1 MAINSTREAM PASSENGER EV DEPLOYMENT TO DRIVE SEGMENT 116
12.4 HIGH-POWER MOTORS 117
12.4.1 RISING ADOPTION IN PERFORMANCE EVS AND COMMERCIAL VEHICLES TO DRIVE SEGMENT 117
13 EV MAGNET MARKET, BY REGION 119
13.1 INTRODUCTION 120
13.2 NORTH AMERICA 121
13.2.1 US 126
13.2.1.1 Government initiatives for EV magnets to drive market 126
13.2.2 CANADA 127
13.2.2.1 Growing end-use industries to drive market 127
13.3 EUROPE 128
13.3.1 GERMANY 132
13.3.1.1 Shifting preference for EVs to drive market 132
13.3.2 FRANCE 133
13.3.2.1 Rise in rare earth recycling projects to drive market 133
13.3.3 UK 134
13.3.3.1 Increasing EV adoption and domestic supply initiatives to drive market 134
13.3.4 SPAIN 135
13.3.4.1 Growing EV production and investments to drive market 135
13.3.5 ITALY 136
13.3.5.1 Expanding EV manufacturing and electrification initiatives supporting magnet demand 136
13.3.6 REST OF EUROPE 137
13.4 ASIA PACIFIC 138
13.4.1 CHINA 143
13.4.1.1 Extensive rare earth element reserves strengthening EV magnet leadership 143
13.4.2 JAPAN 144
13.4.2.1 Strategic rare earth sourcing and advanced motor technologies to strengthen EV magnet market 144
13.4.3 INDIA 145
13.4.3.1 Growing EV adoption and policy support to drive EV magnet demand 145
13.4.4 SOUTH KOREA 146
13.4.4.1 Expanding EV manufacturing and advanced motor technologies to drive EV magnet demand 146
13.4.5 REST OF ASIA PACIFIC 147
13.5 MIDDLE EAST & AFRICA 147
13.5.1 GCC COUNTRIES 151
13.5.1.1 UAE 152
13.5.1.1.1 Expanding EV infrastructure and smart mobility initiatives to drive EV magnet demand 152
13.5.1.2 Saudi Arabia 153
13.5.1.2.1 Vision 2030 to drive market 153
13.5.1.3 Rest of GCC Countries 154
13.5.2 SOUTH AFRICA 155
13.5.2.1 Government initiatives encouraging localization to drive market 155
13.5.3 REST OF MIDDLE EAST & AFRICA 156
13.6 LATIN AMERICA 157
13.6.1 BRAZIL 160
13.6.1.1 Investments in REE projects to drive market 160
13.6.2 MEXICO 161
13.6.2.1 Expanding EV production and industrial growth driving EV magnet demand 161
13.6.3 REST OF LATIN AMERICA 162
14 COMPETITIVE LANDSCAPE 164
14.1 OVERVIEW 164
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 164
14.3 REVENUE ANALYSIS 166
14.4 MARKET SHARE ANALYSIS 166
14.5 BRAND/PRODUCT COMPARISON 169
14.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 170
14.6.1 STARS 170
14.6.2 EMERGING LEADERS 170
14.6.3 PERVASIVE PLAYERS 170
14.6.4 PARTICIPANTS 170
14.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 172
14.6.5.1 Company footprint 172
14.6.5.2 Region footprint 172
14.6.5.3 Magnet type footprint 173
14.6.5.4 Power rating footprint 174
14.6.5.5 Vehicle type footprint 175
14.6.5.6 Application footprint 176
14.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 177
14.7.1 PROGRESSIVE COMPANIES 177
14.7.2 RESPONSIVE COMPANIES 177
14.7.3 DYNAMIC COMPANIES 177
14.7.4 STARTING BLOCKS 177
14.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 179
14.7.5.1 Detailed list of key startups/SMEs 179
14.7.5.2 Competitive benchmarking of key startups/SMEs 180
14.8 COMPANY VALUATION AND FINANCIAL METRICS 181
14.9 COMPETITIVE SCENARIO 182
14.9.1 PRODUCT LAUNCHES 182
14.9.2 DEALS 183
14.9.3 EXPANSIONS 185
15 COMPANY PROFILES 186
15.1 KEY PLAYERS 186
15.1.1 PROTERIAL, LTD. 186
15.1.1.1 Business overview 186
15.1.1.2 Products offered 186
15.1.1.3 Recent developments 187
15.1.1.3.1 Product launches 187
15.1.1.4 MnM view 187
15.1.1.4.1 Right to win 187
15.1.1.4.2 Strategic choices 188
15.1.1.4.3 Weaknesses and competitive threats 188
15.1.2 TDK CORPORATION 189
15.1.2.1 Business overview 189
15.1.2.2 Products offered 190
15.1.2.3 Recent developments 191
15.1.2.3.1 Deals 191
15.1.2.4 MnM view 191
15.1.2.4.1 Right to win 191
15.1.2.4.2 Strategic choices 191
15.1.2.4.3 Weaknesses and competitive threats 191
15.1.3 SHIN-ETSU CHEMICAL CO., LTD. 192
15.1.3.1 Business overview 192
15.1.3.2 Products offered 193
15.1.3.3 Recent developments 193
15.1.3.3.1 Deals 193
15.1.3.4 MnM view 193
15.1.3.4.1 Right to win 193
15.1.3.4.2 Strategic choices 193
15.1.3.4.3 Weaknesses and competitive threats 194

15.1.4 VACUUMSCHMELZE GMBH & CO. KG 195
15.1.4.1 Business overview 195
15.1.4.2 Products offered 195
15.1.4.3 Recent developments 195
15.1.4.3.1 Product launches 195
15.1.4.3.2 Deals 196
15.1.4.4 MnM view 196
15.1.4.4.1 Right to win 196
15.1.4.4.2 Strategic choices 196
15.1.4.4.3 Weaknesses and competitive threats 197
15.1.5 JL MAG RARE-EARTH CO., LTD. 198
15.1.5.1 Business overview 198
15.1.5.2 Products offered 199
15.1.5.3 MnM view 200
15.1.5.3.1 Right to win 200
15.1.5.3.2 Strategic choices 200
15.1.5.3.3 Weaknesses and competitive threats 200
15.1.6 BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD. 201
15.1.6.1 Business overview 201
15.1.6.2 Products offered 202
15.1.6.3 MnM view 203
15.1.6.3.1 Right to win 203
15.1.6.3.2 Strategic choices 203
15.1.6.3.3 Weaknesses and competitive threats 203
15.1.7 NINGBO YUNSHENG CO., LTD. 204
15.1.7.1 Business overview 204
15.1.7.2 Products offered 205
15.1.7.3 MnM view 206
15.1.7.3.1 Right to win 206
15.1.7.3.2 Strategic choices 206
15.1.7.3.3 Weaknesses and competitive threats 206
15.1.8 ARNOLD MAGNETIC TECHNOLOGIES 207
15.1.8.1 Business overview 207
15.1.8.2 Products offered 207
15.1.8.3 Recent developments 208
15.1.8.3.1 Deals 208
15.1.8.3.2 Expansions 208
15.1.8.4 MnM view 209
15.1.8.4.1 Right to win 209
15.1.8.4.2 Strategic choices 209
15.1.8.4.3 Weaknesses and competitive threats 209

15.1.9 YANTAI DONGXING MAGNETIC MATERIALS INC. 210
15.1.9.1 Business overview 210
15.1.9.2 Products offered 210
15.1.9.3 MnM view 210
15.1.9.3.1 Right to win 210
15.1.9.3.2 Strategic choices 211
15.1.9.3.3 Weaknesses and competitive threats 211
15.1.10 BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD. 212
15.1.10.1 Business overview 212
15.1.10.2 Products offered 213
15.1.10.3 MnM view 214
15.1.10.3.1 Right to win 214
15.1.10.3.2 Strategic choices 214
15.1.10.3.3 Weaknesses and competitive threats 214
15.1.11 ADAMS MAGNETIC PRODUCTS, LLC 215
15.1.11.1 Business overview 215
15.1.11.2 Products offered 215
15.1.11.3 MnM view 215
15.1.11.3.1 Right to win 215
15.1.11.3.2 Strategic choices 216
15.1.11.3.3 Weaknesses and competitive threats 216
15.1.12 BUNTING MAGNETICS CO. 217
15.1.12.1 Business overview 217
15.1.12.2 Products offered 217
15.1.12.3 Recent developments 217
15.1.12.3.1 Deals 217
15.1.12.4 MnM view 218
15.1.12.4.1 Right to win 218
15.1.12.4.2 Strategic choices 218
15.1.12.4.3 Weaknesses and competitive threats 218
15.1.13 MAGNEQUENCH INTERNATIONAL, LLC. 219
15.1.13.1 Business overview 219
15.1.13.2 Products offered 219
15.1.13.3 MnM view 219
15.1.13.3.1 Right to win 219
15.1.13.3.2 Strategic choices 220
15.1.13.3.3 Weaknesses and competitive threats 220

15.1.14 DAIDO STEEL CO., LTD 221
15.1.14.1 Business overview 221
15.1.14.2 Products offered 222
15.1.14.3 MnM view 223
15.1.14.3.1 Right to win 223
15.1.14.3.2 Strategic choices 223
15.1.14.3.3 Weaknesses and competitive threats 223
15.1.15 GOUDSMIT MAGNETICS 224
15.1.15.1 Business overview 224
15.1.15.2 Products offered 224
15.1.15.3 MnM view 224
15.1.15.3.1 Right to win 224
15.1.15.3.2 Strategic choices 225
15.1.15.3.3 Weaknesses and competitive threats 225
15.1.16 ECLIPSE MAGNETICS 226
15.1.16.1 Business overview 226
15.1.16.2 Products offered 226
15.1.16.3 MnM view 226
15.1.16.3.1 Right to win 226
15.1.16.3.2 Strategic choices 227
15.1.16.3.3 Weaknesses and competitive threats 227
15.1.17 EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD. 228
15.1.17.1 Business overview 228
15.1.17.2 Products offered 229
15.1.17.3 MnM view 230
15.1.17.3.1 Right to win 230
15.1.17.3.2 Strategic choices 230
15.1.17.3.3 Weaknesses and competitive threats 230
15.2 OTHER PLAYERS 231
15.2.1 HANGZHOU PERMANENT MAGNET GROUP, LTD 231
15.2.2 JPMF GUANGDONG CO., LTD 231
15.2.3 NINGBO NINGGANG PERMANENT MAGNETIC MATERIALS CO., LTD. 232
15.2.4 NINGBO ZHAOBAO MAGNET CO., LTD. 232
15.2.5 YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD. 233
15.2.6 NINGBO CO-STAR MATERIALS HI-TECH CO., LTD. 234
15.2.7 NINGBO RISHENG MAGNETS CO., LTD. 234
15.2.8 ZHEJIANG SHEENSEN MAGNETICS TECHNOLOGY CO., LTD. 235
15.2.9 HANGZHOU TENGYE MAGNETIC MATERIALS CO., LTD. 235
15.2.10 PERMANENT MAGNETS LTD. 236

16 RESEARCH METHODOLOGY 237
16.1 RESEARCH DATA 237
16.1.1 SECONDARY DATA 238
16.1.1.1 Key data from secondary sources 238
16.1.2 PRIMARY DATA 238
16.1.2.1 Key data from primary sources 239
16.1.2.2 Key primary interview participants 239
16.1.2.3 Breakdown of primary interviews 239
16.1.2.4 Key industry insights 240
16.2 MARKET SIZE ESTIMATION 240
16.2.1 BOTTOM-UP APPROACH 240
16.2.2 TOP-DOWN APPROACH 240
16.3 BASE NUMBER CALCULATION 241
16.3.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 241
16.3.2 APPROACH 2: DEMAND-SIDE ANALYSIS 241
16.4 MARKET FORECAST APPROACH 242
16.4.1 SUPPLY SIDE 242
16.4.2 DEMAND SIDE 242
16.5 DATA TRIANGULATION 242
16.6 FACTOR ANALYSIS 243
16.7 RESEARCH ASSUMPTIONS 244
16.8 RESEARCH LIMITATIONS AND RISK ASSESSMENT 244
17 APPENDIX 245
17.1 DISCUSSION GUIDE 245
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 248
17.3 CUSTOMIZATION OPTIONS 250
17.4 RELATED REPORTS 250
17.5 AUTHOR DETAILS 251

LIST OF TABLES

TABLE 1 EV MAGNET MARKET: IMPACT OF PORTER’S FIVE FORCES 44
TABLE 2 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2029 46
TABLE 3 EV MAGNET MARKET: ROLE OF COMPANIES IN ECOSYSTEM 50
TABLE 4 AVERAGE SELLING PRICE OF EV MAGNETS IN TOP APPLICATIONS, BY KEY PLAYER, 2024 (USD/KG) 51
TABLE 5 AVERAGE SELLING PRICE TREND OF EV MAGNET, BY REGION,
2023–2024 (USD/KG) 51
TABLE 6 IMPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 52
TABLE 7 EXPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 53
TABLE 8 EV MAGNET MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2026–2027 54
TABLE 9 US-ADJUSTED RECIPROCAL TARIFF RATES 58
TABLE 10 KEY PRODUCT-RELATED TARIFFS EFFECTIVE FOR PERMANENT MAGNETS 59
TABLE 11 EXPECTED CHANGE IN PRICES AND IMPACT ON END-USE MARKET DUE TO TARIFFS 59
TABLE 12 EV MAGNET MARKET: TOTAL NUMBER OF PATENTS, 2015–2025 70
TABLE 13 TOP USE CASES AND MARKET POTENTIAL 76
TABLE 14 BEST PRACTICES: USE CASES OF COMPANIES IMPLEMENTING AI 76
TABLE 15 EV MAGNET MARKET: CASE STUDIES RELATED TO AI IMPLEMENTATION 77
TABLE 16 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 77
TABLE 17 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 18 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 19 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
TABLE 20 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 81
TABLE 21 GLOBAL STANDARDS IN EV MAGNET MARKET 81
TABLE 22 CERTIFICATIONS, LABELING, ECO-STANDARDS IN EV MAGNET MARKET 83
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY (%) 85
TABLE 24 KEY BUYING CRITERIA, BY END-USE INDUSTRY 86
TABLE 25 UNMET NEEDS IN EV MAGNET MARKET, BY END-USE INDUSTRY 88
TABLE 26 EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (USD MILLION) 91
TABLE 27 EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (KILOTON) 92
TABLE 28 NDFEB: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 92
TABLE 29 NDFEB: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 93
TABLE 30 SMCO: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 93
TABLE 31 SMCO: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 94
TABLE 32 ALNICO: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 94
TABLE 33 ALNICO: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 95
TABLE 34 FERRITE: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 95
TABLE 35 FERRITE: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 96
TABLE 36 OTHER TYPES: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 96
TABLE 37 OTHER TYPES: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 97
TABLE 38 EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (USD MILLION) 99
TABLE 39 EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (KILOTON) 100
TABLE 40 PASSENGER EVS: EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 100
TABLE 41 PASSENGER EVS: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 101
TABLE 42 ELECTRIC BUSES & TRUCKS: EV MAGNET MARKET, BY REGION,
2023–2030 (USD MILLION) 101
TABLE 43 ELECTRIC BUSES & TRUCKS: EV MAGNET MARKET, BY REGION,
2023–2030 (KILOTON) 102
TABLE 44 OTHER VEHICLE TYPES: EV MAGNET MARKET, BY REGION,
2023–2030 (USD MILLION) 102
TABLE 45 OTHER VEHICLE TYPES: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 103
TABLE 46 EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 105
TABLE 47 EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 106
TABLE 48 EV MAGNET MARKET IN ELECTRIC MOTOR CORES & DRIVE MOTORS APPLICATION, BY REGION, 2023–2030 (USD MILLION) 107
TABLE 49 EV MAGNET MARKET IN ELECTRIC MOTOR CORES & DRIVE MOTORS APPLICATION, BY REGION, 2023–2030 (KILOTON) 107
TABLE 50 EV MAGNET MARKET IN POWERTRAIN COMPONENTS APPLICATION, BY REGION, 2023–2030 (USD MILLION) 108
TABLE 51 EV MAGNET MARKET IN POWERTRAIN COMPONENTS APPLICATION, BY REGION, 2023–2030 (KILOTON) 108
TABLE 52 EV MAGNET MARKET IN BATTERY & CHARGING SYSTEMS APPLICATION,
BY REGION, 2023–2030 (USD MILLION) 109
TABLE 53 EV MAGNET MARKET IN BATTERY & CHARGING SYSTEMS APPLICATION,
BY REGION, 2023–2030 (KILOTON) 109
TABLE 54 EV MAGNET MARKET IN CONTROL & SENSING SYSTEMS APPLICATION, BY REGION, 2023–2030 (USD MILLION) 110
TABLE 55 EV MAGNET MARKET IN CONTROL & SENSING SYSTEMS APPLICATION, BY REGION, 2023–2030 (KILOTON) 111
TABLE 56 EV MAGNET MARKET IN OTHER APPLICATIONS, BY REGION,
2023–2030 (USD MILLION) 111
TABLE 57 EV MAGNET MARKET IN OTHER APPLICATIONS, BY REGION,
2023–2030 (KILOTONS) 112
TABLE 58 EV MAGNET MARKET, BY POWER RATING, 2023–2030 (USD MILLION) 114
TABLE 59 EV MAGNET MARKET, BY POWER RATING, 2023–2030 (KILOTON) 115
TABLE 60 LOW-POWER MOTORS: EV MAGNET MARKET, BY REGION,
2023–2030 (USD MILLION) 115
TABLE 61 LOW-POWER MOTORS: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 116
TABLE 62 MEDIUM-POWER MOTORS: EV MAGNET MARKET, BY REGION,
2023–2030 (USD MILLION) 116
TABLE 63 MEDIUM-POWER MOTORS: EV MAGNET MARKET, BY REGION,
2023–2030 (KILOTON) 117
TABLE 64 HIGH-POWER MOTORS: EV MAGNET MARKET, BY REGION,
2023–2030 (USD MILLION) 117
TABLE 65 HIGH-POWER MOTORS: EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 118
TABLE 66 EV MAGNET MARKET, BY REGION, 2023–2030 (USD MILLION) 120
TABLE 67 EV MAGNET MARKET, BY REGION, 2023–2030 (KILOTON) 121
TABLE 68 NORTH AMERICA: EV MAGNET MARKET, BY MAGNET TYPE,
2023–2030 (USD MILLION) 122
TABLE 69 NORTH AMERICA: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (KILOTON) 123
TABLE 70 NORTH AMERICA: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (USD MILLION) 123
TABLE 71 NORTH AMERICA: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (KILOTON) 123
TABLE 72 NORTH AMERICA: EV MAGNET MARKET, BY VEHICLE TYPE,
2023–2030 (USD MILLION) 124
TABLE 73 NORTH AMERICA: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (KILOTON) 124
TABLE 74 NORTH AMERICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 124
TABLE 75 NORTH AMERICA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 125
TABLE 76 NORTH AMERICA: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 125
TABLE 77 NORTH AMERICA: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (KILOTON) 125
TABLE 78 US: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 126
TABLE 79 US: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 126
TABLE 80 CANADA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 127
TABLE 81 CANADA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 127
TABLE 82 EUROPE: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (USD MILLION) 129
TABLE 83 EUROPE: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (KILOTON) 129
TABLE 84 EUROPE: EV MAGNET MARKET, BY POWER RATING, 2023–2030 (USD MILLION) 129
TABLE 85 EUROPE: EV MAGNET MARKET, BY POWER RATING, 2023–2030 (KILOTON) 130
TABLE 86 EUROPE: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (USD MILLION) 130
TABLE 87 EUROPE: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (KILOTON) 130
TABLE 88 EUROPE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 131
TABLE 89 EUROPE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 131
TABLE 90 EUROPE: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 131
TABLE 91 EUROPE: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (KILOTON) 132
TABLE 92 GERMANY: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 132
TABLE 93 GERMANY: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 133
TABLE 94 FRANCE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 133
TABLE 95 FRANCE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 134
TABLE 96 UK: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 134
TABLE 97 UK: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 135
TABLE 98 SPAIN: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 135
TABLE 99 SPAIN: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 136
TABLE 100 ITALY: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 136
TABLE 101 ITALY: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 137
TABLE 102 REST OF EUROPE: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 137
TABLE 103 REST OF EUROPE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 138
TABLE 104 ASIA PACIFIC: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (USD MILLION) 139
TABLE 105 ASIA PACIFIC: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (KILOTON) 140
TABLE 106 ASIA PACIFIC: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (USD MILLION) 140
TABLE 107 ASIA PACIFIC: EV MAGNET MARKET, BY POWER RATING, 2023–2030 (KILOTON) 140
TABLE 108 ASIA PACIFIC: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (USD MILLION) 141
TABLE 109 ASIA PACIFIC: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (KILOTON) 141
TABLE 110 ASIA PACIFIC: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 141
TABLE 111 ASIA PACIFIC: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 142
TABLE 112 ASIA PACIFIC: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 142
TABLE 113 ASIA PACIFIC: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (KILOTON) 142
TABLE 114 CHINA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 143
TABLE 115 CHINA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 143
TABLE 116 JAPAN: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 144
TABLE 117 JAPAN: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 144
TABLE 118 INDIA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 145
TABLE 119 INDIA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 145
TABLE 120 SOUTH KOREA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 146
TABLE 121 SOUTH KOREA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 146
TABLE 122 REST OF ASIA PACIFIC: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 147
TABLE 123 REST OF ASIA PACIFIC: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (KILOTON) 147
TABLE 124 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY MAGNET TYPE,
2023–2030 (USD MILLION) 148
TABLE 125 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY MAGNET TYPE,
2023–2030 (KILOTON) 148
TABLE 126 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (USD MILLION) 149
TABLE 127 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (KILOTON) 149
TABLE 128 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY VEHICLE TYPE,
2023–2030 (USD MILLION) 149
TABLE 129 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY VEHICLE TYPE,
2023–2030 (KILOTON) 150
TABLE 130 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 150
TABLE 131 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (KILOTON) 150
TABLE 132 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY COUNTRY,
2023–2030 (USD MILLION) 151
TABLE 133 MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY COUNTRY,
2023–2030 (KILOTON) 151
TABLE 134 UAE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 152
TABLE 135 UAE: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 152
TABLE 136 SAUDI ARABIA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 153
TABLE 137 SAUDI ARABIA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 153
TABLE 138 GCC COUNTRIES: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 154
TABLE 139 GCC COUNTRIES: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 154
TABLE 140 SOUTH AFRICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 155
TABLE 141 SOUTH AFRICA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 155
TABLE 142 REST OF MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 156
TABLE 143 REST OF MIDDLE EAST & AFRICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (KILOTON) 156
TABLE 144 LATIN AMERICA: EV MAGNET MARKET, BY MAGNET TYPE,
2023–2030 (USD MILLION) 157
TABLE 145 LATIN AMERICA: EV MAGNET MARKET, BY MAGNET TYPE, 2023–2030 (KILOTON) 157
TABLE 146 LATIN AMERICA: EV MAGNET MARKET, BY POWER RATING,
2023–2030 (USD MILLION) 158
TABLE 147 LATIN AMERICA: EV MAGNET MARKET, BY POWER RATING, 2023–2030 (KILOTON) 158
TABLE 148 LATIN AMERICA: EV MAGNET MARKET, BY VEHICLE TYPE,
2023–2030 (USD MILLION) 158
TABLE 149 LATIN AMERICA: EV MAGNET MARKET, BY VEHICLE TYPE, 2023–2030 (KILOTON) 158
TABLE 150 LATIN AMERICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 159
TABLE 151 LATIN AMERICA: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 159
TABLE 152 LATIN AMERICA: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 159
TABLE 153 LATIN AMERICA: EV MAGNET MARKET, BY COUNTRY, 2023–2030 (KILOTON) 160
TABLE 154 BRAZIL: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 160
TABLE 155 BRAZIL: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 161
TABLE 156 MEXICO: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 161
TABLE 157 MEXICO: EV MAGNET MARKET, BY APPLICATION, 2023–2030 (KILOTON) 162
TABLE 158 REST OF LATIN AMERICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (USD MILLION) 162
TABLE 159 REST OF LATIN AMERICA: EV MAGNET MARKET, BY APPLICATION,
2023–2030 (KILOTON) 163
TABLE 160 EV MAGNET MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 164
TABLE 161 EV MAGNET MARKET: DEGREE OF COMPETITION, 2024 167
TABLE 162 EV MAGNET MARKET: REGION FOOTPRINT 172
TABLE 163 EV MAGNET MARKET: MAGNET TYPE FOOTPRINT 173
TABLE 164 EV MAGNET MARKET: POWER RATING FOOTPRINT 174
TABLE 165 EV MAGNET MARKET: VEHICLE TYPE FOOTPRINT 175
TABLE 166 EV MAGNET MARKET: APPLICATION FOOTPRINT 176
TABLE 167 EV MAGNET MARKET: DETAILED LIST OF KEY STARTUPS/SMES 179
TABLE 168 EV MAGNET MARKET: COMPETITIVE BENCHMARKING OF KEY
STARTUPS/SMES (1/2) 180
TABLE 169 EV MAGNET MARKET: COMPETITIVE BENCHMARKING OF KEY
STARTUPS/SMES (2/2) 181
TABLE 170 EV MAGNET MARKET: PRODUCT LAUNCHES, JANUARY 2020–SEPTEMBER 2025 183
TABLE 171 EV MAGNET MARKET: DEALS, JANUARY 2020–SEPTEMBER 2025 183
TABLE 172 EV MAGNET MARKET: EXPANSIONS, JANUARY 2020–SEPTEMBER 2025 185
TABLE 173 PROTERIAL, LTD.: COMPANY OVERVIEW 186
TABLE 174 PROTERIAL, LTD.: PRODUCTS OFFERED 186
TABLE 175 PROTERIAL, LTD.: PRODUCT LAUNCHES 187
TABLE 176 TDK CORPORATION: COMPANY OVERVIEW 189
TABLE 177 TDK CORPORATION: PRODUCTS OFFERED 190
TABLE 178 TDK CORPORATION: DEALS 191
TABLE 179 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW 192
TABLE 180 SHIN-ETSU CHEMICAL CO., LTD.: PRODUCTS OFFERED 193
TABLE 181 SHIN-ETSU CHEMICAL CO., LTD.: DEALS 193
TABLE 182 VACUUMSCHMELZE GMBH & CO. KG: COMPANY OVERVIEW 195
TABLE 183 VACUUMSCHMELZE GMBH & CO. KG: PRODUCTS OFFERED 195
TABLE 184 VACUUMSCHMELZE GMBH & CO. KG: PRODUCT LAUNCHES 195
TABLE 185 VACUUMSCHMELZE GMBH & CO. KG: DEALS 196
TABLE 186 JL MAG RARE-EARTH CO., LTD.: COMPANY OVERVIEW 198
TABLE 187 JL MAG RARE-EARTH CO., LTD.: PRODUCTS OFFERED 199
TABLE 188 BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: COMPANY OVERVIEW 201
TABLE 189 BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: PRODUCTS OFFERED 202
TABLE 190 NINGBO YUNSHENG CO., LTD.: COMPANY OVERVIEW 204
TABLE 191 NINGBO YUNSHENG CO., LTD.: PRODUCTS OFFERED 205
TABLE 192 ARNOLD MAGNETIC TECHNOLOGIES: COMPANY OVERVIEW 207
TABLE 193 ARNOLD MAGNETIC TECHNOLOGIES: PRODUCTS OFFERED 207
TABLE 194 ARNOLD MAGNETIC TECHNOLOGIES: DEALS 208
TABLE 195 ARNOLD MAGNETIC TECHNOLOGIES: EXPANSIONS 208
TABLE 196 YANTAI DONGXING MAGNETIC MATERIALS INC.: COMPANY OVERVIEW 210
TABLE 197 YANTAI DONGXING MAGNETIC MATERIALS INC.: PRODUCTS OFFERED 210
TABLE 198 BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 212
TABLE 199 BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 213
TABLE 200 ADAMS MAGNETIC PRODUCTS, LLC: COMPANY OVERVIEW 215
TABLE 201 ADAMS MAGNETIC PRODUCTS, LLC: PRODUCTS OFFERED 215
TABLE 202 BUNTING MAGNETICS CO.: COMPANY OVERVIEW 217
TABLE 203 BUNTING MAGNETICS CO.: PRODUCTS OFFERED 217
TABLE 204 BUNTING MAGNETICS CO.: DEALS 217
TABLE 205 MAGNEQUENCH INTERNATIONAL, LLC.: COMPANY OVERVIEW 219
TABLE 206 MAGNEQUENCH INTERNATIONAL, LLC.: PRODUCTS OFFERED 219
TABLE 207 DAIDO STEEL CO., LTD.: COMPANY OVERVIEW 221
TABLE 208 DAIDO STEEL CO., LTD.: PRODUCTS OFFERED 222
TABLE 209 GOUDSMIT MAGNETICS: COMPANY OVERVIEW 224
TABLE 210 GOUDSMIT MAGNETICS: PRODUCTS OFFERED 224
TABLE 211 ECLIPSE MAGNETICS: COMPANY OVERVIEW 226
TABLE 212 ECLIPSE MAGNETICS: PRODUCTS OFFERED 226
TABLE 213 EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD.: COMPANY OVERVIEW 228
TABLE 214 EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD.: PRODUCTS OFFERED 229
TABLE 215 HANGZHOU PERMANENT MAGNET GROUP, LTD: COMPANY OVERVIEW 231
TABLE 216 JPMF GUANGDONG CO., LTD: COMPANY OVERVIEW 231
TABLE 217 NINGBO NINGGANG PERMANENT MAGNETIC MATERIALS CO., LTD.: COMPANY OVERVIEW 232
TABLE 218 NINGBO ZHAOBAO MAGNET CO., LTD.: COMPANY OVERVIEW 232
TABLE 219 YANTAI ZHENGHAI MAGNETIC MATERIAL CO., LTD.: COMPANY OVERVIEW 233
TABLE 220 NINGBO CO-STAR MATERIALS HI-TECH CO., LTD.: COMPANY OVERVIEW 234
TABLE 221 NINGBO RISHENG MAGNETS CO., LTD.: COMPANY OVERVIEW 234
TABLE 222 ZHEJIANG SHEENSEN MAGNETICS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 235
TABLE 223 HANGZHOU TENGYE MAGNETIC MATERIALS CO., LTD.: COMPANY OVERVIEW 235
TABLE 224 PERMANENT MAGNETS LTD.: COMPANY OVERVIEW 236

LIST OF FIGURES

FIGURE 1 EV MAGNET MARKET SEGMENTATION AND REGIONAL SCOPE 26
FIGURE 2 KEY INSIGHTS AND MARKET HIGHLIGHTS 29
FIGURE 3 GLOBAL EV MAGNET MARKET, 2025–2030 30
FIGURE 4 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN EV MAGNET MARKET
(2020–2025) 30
FIGURE 5 DISRUPTIVE TRENDS IMPACTING GROWTH OF EV MAGNET MARKET 31
FIGURE 6 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS IN EV MAGNET
MARKET, 2024 32
FIGURE 7 ASIA PACIFIC TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD 33
FIGURE 8 HIGH DEMAND IN ELECTRIC MOTOR CORES & DRIVE MOTORS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 34
FIGURE 9 NDFEB SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 35
FIGURE 10 PASSENGER EVS TO DOMINATE EV MAGNET MARKET DURING FORECAST PERIOD 35
FIGURE 11 ELECTRIC MOTOR CORES & DRIVE MOTORS TO BE LARGEST SEGMENT DURING FORECAST PERIOD 36
FIGURE 12 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 36
FIGURE 13 EV MAGNET MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 37
FIGURE 14 RARE EARTH RESERVES, 2022 40
FIGURE 15 EV MAGNET MARKET: PORTER’S FIVE FORCES ANALYSIS 44
FIGURE 16 EV MAGNET MARKET: VALUE CHAIN ANALYSIS 48
FIGURE 17 EV MAGNET MARKET: KEY PARTICIPANTS IN ECOSYSTEM 49
FIGURE 18 EV MAGNET MARKET: ECOSYSTEM ANALYSIS 50
FIGURE 19 AVERAGE SELLING PRICE TREND OF EV MAGNET, BY REGION, 2023–2024 51
FIGURE 20 IMPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND) 52
FIGURE 21 EXPORT DATA FOR HS CODE 850519-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 53
FIGURE 22 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 55
FIGURE 23 EV MAGNET MARKET: INVESTMENT AND FUNDING SCENARIO, 2021–2025 56
FIGURE 24 PATENT ANALYSIS, BY DOCUMENT TYPE, 2015–2025 70
FIGURE 25 PATENT PUBLICATION TRENDS, 2015−2025 71
FIGURE 26 EV MAGNETS MARKET: LEGAL STATUS OF PATENTS,
JANUARY 2015–NOVEMBER 2025 71
FIGURE 27 JURISDICTION OF CHINA REGISTERED HIGHEST SHARE OF PATENTS, 2015–2025 72
FIGURE 28 TOP PATENT APPLICANTS, 2015–2025 72
FIGURE 29 FUTURE APPLICATIONS OF EV MAGNET MARKET 73
FIGURE 30 EV MAGNET MARKET DECISION MAKING FACTORS 84
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END-USE INDUSTRY 85
FIGURE 32 KEY BUYING CRITERIA, BY MOTOR APPLICATIONS 86
FIGURE 33 ADOPTION BARRIERS & INTERNAL CHALLENGES 87
FIGURE 34 EV MAGNET MARKET, BY MAGNET TYPE, 2025–2030 (USD MILLION) 91
FIGURE 35 EV MAGNET MARKET, BY VEHICLE TYPE, 2025–2030 (USD MILLION) 99
FIGURE 36 CONTROL & SENSING APPLICATION TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 105
FIGURE 37 EV MAGNET MARKET, BY POWER RATING, 2025–2030 (USD MILLION) 114
FIGURE 38 EV MAGNET MARKET, BY COUNTRY, 2025–2030 120
FIGURE 39 NORTH AMERICA: EV MAGNET MARKET SNAPSHOT 122
FIGURE 40 EUROPE: EV MAGNET MARKET SNAPSHOT 128
FIGURE 41 ASIA PACIFIC: EV MAGNET MARKET SNAPSHOT 139
FIGURE 42 EV MAGNET MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2020–2024 166
FIGURE 43 EV MAGNET MARKET SHARE ANALYSIS, 2024 167
FIGURE 44 EV MAGNET MARKET: BRAND/PRODUCT COMPARISON 169
FIGURE 45 EV MAGNET MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 171
FIGURE 46 EV MAGNET MARKET: COMPANY FOOTPRINT 172
FIGURE 47 EV MAGNET MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 178
FIGURE 48 EV MAGNET MARKET: EV/EBITDA OF KEY MANUFACTURERS 181
FIGURE 49 EV MAGNET MARKET: YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS 182
FIGURE 50 EV MAGNET MARKET: ENTERPRISE VALUATION OF KEY PLAYERS, 2025 182
FIGURE 51 TDK CORPORATION: COMPANY SNAPSHOT 190
FIGURE 52 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT 192
FIGURE 53 JL MAG RARE-EARTH CO., LTD.: COMPANY SNAPSHOT 199
FIGURE 54 BEIJING ZHONG KE SAN HUAN HI-TECH CO., LTD.: COMPANY SNAPSHOT 202
FIGURE 55 NINGBO YUNSHENG CO., LTD.: COMPANY SNAPSHOT 205
FIGURE 56 BAOTOU TIANHE MAGNETICS TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 213
FIGURE 57 DAIDO STEEL CO., LTD.: COMPANY SNAPSHOT 222
FIGURE 58 EARTH-PANDA ADVANCED MAGNETIC MATERIAL CO., LTD.: COMPANY SNAPSHOT 229
FIGURE 59 EV MAGNET MARKET: RESEARCH DESIGN 237
FIGURE 60 EV MAGNET MARKET: BOTTOM-UP AND TOP-DOWN APPROACH 241
FIGURE 61 EV MAGNET MARKET: DATA TRIANGULATION 243

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