Market Overview

Global NdFeB Magnets Market 2018-2022| Increasing Demand for NdFeB Magnets in the EV Market to Drive Growth| Technavio

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The global NdFeB magnets market is expected to post a CAGR of 9%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global NdFeB magnets market from 2018-20 ...

Technavio has published a new market research report on the global NdFeB magnets market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in demand for
NdFeB magnets from the automotive industry. NdFeB magnets are
extensively used in the automotive sector, including brushless DC
motors, high-performance engines, electrical power steering motors, and
others. NdFeB magnets can be molded into complex shapes and possess
high-temperature resistance. They are preferred in the automotive sector
owing to their low cost as compared to samarium-based and AINiCo
magnets, easy production process, and formation of compact electric
motors with NdFeB magnets, resulting in reduced size and weight compared
to ferrite.

This market research report on the global
NdFeB magnets market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing demand for NdFeB
magnets in the EV market as one of the key emerging trends in the global
NdFeB magnets market:

Global NdFeB magnets market: Increasing demand
for NdFeB magnets in the EV market

Permanent magnets, including NdFeB magnets, are preferred for use in
electric motors of electric vehicles. NdFeB magnets are used in electric
vehicles owing to performance benefits offered by these magnets,
including long durability without getting demagnetized and stable at
harsh temperature conditions of electric motors in electric vehicles.

"Factors such as increasing consumer interest towards EVs,
environment-friendly nature of EVs, increasing air pollution due to
gasoline-based vehicles prompting for strict environmental regulations
adherence, and government support and funding for commercialization of
EVs across the globe are driving the global demand for NdFeB magnets in
the EV market,"
says a senior analyst at Technavio for research on
metals and minerals.

Global NdFeB magnets market: Segmentation
analysis

This market research report segments the global NdFeB magnets market by
end-user (consumer electronics, automotive, oil and gas, and aerospace
and defense) and geographical regions (APAC, North America, Europe, and
ROW).

The consumer electronics segment held the largest market share in 2017,
accounting for nearly 28% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 77%. The
region is expected to dominate the market through 2022, with an increase
in its market share.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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