Alnico Magnets Market to Record a 7.19% Y-O-Y Growth Rate in 2022, Driven by Growing Demand from Electronics Industry - Technavio

NEW YORK, Aug. 26, 2022 /PRNewswire/ -- The "Alnico Magnets Market - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The alnico magnets market share is expected to increase to USD 434.71 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.26%. Technavio categorizes the alnico magnets market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the alnico magnets market during the forecast period.

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Alnico Magnets Market  - Key Market Dynamics

  • Market Driver - The growing demand from the electronics industry is one of the key drivers fueling the alnico magnets market growth. Alnico magnets are widely used in electronics such as electric motors, electric guitar pickups, and others. Features such as stronger fields and corrosion resistance make alnico magnets compatible with electronic devices. Supporting macroeconomic factors such as an increase in disposable income, improving lifestyle, and ease in credit facilities has led to rising consumption of electronics in developing countries such as India and ASEAN countries. Major demand from the electronics industry is due to the emergence and adaptation of new devices and the access to credit in developing countries. For instance, India, with its prosperous domestic market, will provide potential opportunities for the growth of the electronics industry. Thus, with increasing consumption, the use of alnico magnets in the electronics industry will contribute to the growth of the global alnico magnets market during the forecast period. 
  • Market Challenges - Volatility in prices of raw materials is one of the challenges limiting the alnico magnets' market growth. In recent years, uncertain costs in the commodities market have put financial pressure on the producers. After the global economic crisis, the costs of metals have been fluctuating, which is affecting the cost of raw materials. Although a large portion of the global economy has shown a positive outlook, the price of raw materials is yet to stabilize as many vendors do not have the adaptability to respond to market volatility rapidly. Aluminum, nickel, and copper are the basic raw materials required to produce alnico magnets. However, the global fluctuation of the prices of these metals has impacted the cost of the final product. Thus, the volatility in prices of raw materials is hindering the growth of the alnico magnets market. 

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Alnico Magnets Market  -Segmentation Analysis

The alnico magnets market report is segmented by Application (Electronic, automotive, aerospace, wind energy, and others) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa).  

  • Regional Highlights - 43% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for alnico magnets in APAC. Market growth in this region will be slower than the growth of the market in other regions.
  •  Revenue Generating Segment -The alnico magnets market share growth by the electronic segment will be significant during the forecast period. Alnico magnets are used in the electronic motors of various appliances such as air conditioners and televisions.

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Alnico Magnets Market  - Vendor Analysis

The alnico magnets market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

    • Adams Magnetic Products
    • Alga Magneti Srl
    • Arnold Magnetic Technologies Corp.
    • Bunting Magnetics Europe LTD.
    • DATOYO MAGNETICS CO. Ltd.
    • DEXTER MAGNETIC TECHNOLOGIES
    • Dura Magnetics Inc.
    • DURA MAGNETS PVT. LTD.
    • Electron Energy Corp.
    • Eneflux-Armtek Magnetics Inc.
    • Goudsmit Magnetics Groep BV
    • Hitachi Ltd.
    • IBS Magnet
    • Integrated Technologies Group
    • Magdev Ltd.
    • Magnaworks Technology Inc.
    • Master Magnetics Inc.
    • Permanent Magnets Ltd.
    • Stanford Magnets
    • Storch Magnetics
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

The competitive scenario provided in the Alnico Magnets Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Alnico Magnets Market Forecast Report -  Buy Now!

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Alnico Magnets Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of about 8.26%

Market growth 2022-2026

USD 434.71 million

Market structure

Fragmented

YoY growth (%)

7.19

Regional analysis

APAC, North America, Europe, South America, the Middle East, and Africa

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adams Magnetic Products, Alga Magneti Srl, Arnold Magnetic Technologies Corp., Bunting Magnetics Europe LTD., DATOYO MAGNETICS CO. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., DURA MAGNETS PVT. LTD., Electron Energy Corp., Eneflux-Armtek Magnetics Inc., Goudsmit Magnetics Groep BV, Hitachi Ltd., IBS Magnet, Integrated Technologies Group, Magdev Ltd., Magnaworks Technology Inc., Master Magnetics Inc., Permanent Magnets Ltd., Stanford Magnets, and Storch Magnetics

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Key Topics Covered:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Electronics - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Electronics - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Electronics - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
  • 5.4 Automotive - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
  • 5.5 Aerospace - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Aerospace - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Aerospace - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)
  • 5.6 Wind energy - Market size and forecast 2021-2026
    • Exhibit 40: Chart on Wind energy - Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Wind energy - Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Wind energy - Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Wind energy - Year-over-year growth 2021-2026 (%)
  • 5.7 Others - Market size and forecast 2021-2026
    • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.8 Market opportunity by Application
    • Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 52: Chart on Geographic comparison
    • Exhibit 53: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 India - Market size and forecast 2021-2026
    • Exhibit 90: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 91: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 92: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 93: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 97: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 98: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 99: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 100: Matrix on vendor position and classification
  • 10.3 Adams Magnetic Products
    • Exhibit 101: Adams Magnetic Products - Overview
    • Exhibit 102: Adams Magnetic Products - Product / Service
    • Exhibit 103: Adams Magnetic Products - Key offerings
  • 10.4 Arnold Magnetic Technologies Corp.
    • Exhibit 104: Arnold Magnetic Technologies Corp. - Overview
    • Exhibit 105: Arnold Magnetic Technologies Corp. - Product / Service
    • Exhibit 106: Arnold Magnetic Technologies Corp. - Key offerings
  • 10.5 Bunting Magnetics Europe LTD.
    • Exhibit 107: Bunting Magnetics Europe LTD. - Overview
    • Exhibit 108: Bunting Magnetics Europe LTD. - Product / Service
    • Exhibit 109: Bunting Magnetics Europe LTD. - Key offerings
  • 10.6 DEXTER MAGNETIC TECHNOLOGIES
    • Exhibit 110: DEXTER MAGNETIC TECHNOLOGIES - Overview
    • Exhibit 111: DEXTER MAGNETIC TECHNOLOGIES - Product / Service
    • Exhibit 112: DEXTER MAGNETIC TECHNOLOGIES - Key offerings
  • 10.7 Dura Magnetics Inc.
    • Exhibit 113: Dura Magnetics Inc. - Overview
    • Exhibit 114: Dura Magnetics Inc. - Product / Service
    • Exhibit 115: Dura Magnetics Inc. - Key offerings
  • 10.8 Electron Energy Corp.
    • Exhibit 116: Electron Energy Corp. - Overview
    • Exhibit 117: Electron Energy Corp. - Product / Service
    • Exhibit 118: Electron Energy Corp. - Key offerings
  • 10.9 Eneflux-Armtek Magnetics Inc.
    • Exhibit 119: Eneflux-Armtek Magnetics Inc. - Overview
    • Exhibit 120: Eneflux-Armtek Magnetics Inc. - Product / Service
    • Exhibit 121: Eneflux-Armtek Magnetics Inc. - Key offerings
  • 10.10 Hitachi Ltd.
    • Exhibit 122: Hitachi Ltd. - Overview
    • Exhibit 123: Hitachi Ltd. - Business segments
    • Exhibit 124: Hitachi Ltd. - Key news
    • Exhibit 125: Hitachi Ltd. - Key offerings
    • Exhibit 126: Hitachi Ltd. - Segment focus
  • 10.11 Master Magnetics Inc.
    • Exhibit 127: Master Magnetics Inc. - Overview
    • Exhibit 128: Master Magnetics Inc. - Product / Service
    • Exhibit 129: Master Magnetics Inc. - Key offerings
  • 10.12 Stanford Magnets
    • Exhibit 130: Stanford Magnets - Overview
    • Exhibit 131: Stanford Magnets - Product / Service
    • Exhibit 132: Stanford Magnets - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 133: Inclusions checklist
    • Exhibit 134: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 135: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 136: Research methodology
    • Exhibit 137: Validation techniques employed for market sizing
    • Exhibit 138: Information sources
  • 11.5 List of abbreviations
    • Exhibit 139: List of abbreviations
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