Overview of Permanent Magnet Market manufacturers & industry share 2016–2024

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Permanent Magnet Market Price, Trends, Industry
Outlook Forecast 2016-2024
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Global Market Scenario of Permanent Magnet
Industry

• Permanent Magnet Market size in the automotive
  sector, worth USD 10 billion in 2015, is expected
  to witness a massive expansion over the coming
  seven years. Escalating product application in
  alternators, accessory motors, loudspeakers, and
  sensing devices as a result of its beneficial
  features will boost the revenue margin of this
  market.
• Furthermore, rise in the automobile production,
  increase in the GDP, and swift changes in
  consumer lifestyles will offer profitable growth
  avenues for the industry participants, thereby
  impelling the business expansion.
• High fossil fuel depletion has led to an
  increased focus on green energy and carbon
  emission free resources, thereby impelling
  permanent magnet market growth. The changing
  dynamics of the automotive sector have resulted
  in an escalating demand for lightweight and
  strong products in the manufacture of commercial
  and personal cars.

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• This factor, in particular, is slated to have a
  massive impact on the growth of permanent magnet
  industry. Introduction of low priced
  manufacturing methods and new technological
  innovations may also beneficially influence the
  business trends. Global Market Insights, Inc.,
  reports that permanent magnet industry revenue is
  set to hit USD 50 billion by 2024, recording an
  annual growth of more than 10 over the period of
  2016-2024.
• Reasons to Buy This Report
• 1. Permanent Magnet Market size share
  forecast by product application, 2016-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Permanent Magnet Market growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Considering the regional trends, North America
  permanent magnet industry, which collected a
  revenue of USD 4 billion in 2015, is forecast to
  register a CAGR of more than 9 over the next few
  years. Rise in the automobile production along
  with an increase in the wind energy deployment
  capacity will garner profits for this business
  space over 2016-2024. U.S. permanent magnet
  industry is likely to contribute to a major
  portion of the regional share.

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Research Methodology
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Regional Insights

• Asia Pacific permanent magnet industry, which
  collected a revenue of more than USD 10 billion
  in 2015, is projected to observe a lucrative
  growth over the years ahead. Abundant
  availability of rare earth metals from the
  earths crust along with high production of
  vehicles and electronic goods will attract
  foreign investors.
• India and China, which are likely to be the
  regional business destinations, are expected to
  boost APAC growth. These emerging economies have
  the ability of generating a profitable roadmap
  for permanent magnet market.

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Competitive Insights

• TDK Corporation, Adams Magnetic Products,
  Electron Energy Corporation, and Hitachi Metals
  Limited are the key players of permanent magnet
  industry.

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