Permanent Magnet Market growth outlook with industry review and forecast 2019-2024 - PowerPoint PPT Presentation

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Permanent Magnet Market growth outlook with industry review and forecast 2019-2024

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An outlook Permanent Magnets Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years. – PowerPoint PPT presentation

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Date added: 19 November 2019
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Title: Permanent Magnet Market growth outlook with industry review and forecast 2019-2024


1
Permanent Magnet Market Trends Research and
Projections for 2019 - 2024
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Permanent Magnet
Industry
  • Global Market Insights, Inc., projects that
    global permanent magnet market size will be worth
    more than USD 50 billion a year by 2024.
  • Global permanent magnet market is poised to
    increase commendably over the coming years owing
    to increasing investment in automotive
    developments along with applications like
    electronics, aerospace, medical, energy
    generation, among others.
  • Automotive manufacturing is becoming a lucrative
    segment due to the extensive usage of magnets for
    several components like electric window
    regulators, door locks, speakers and windscreen
    wipers. Gradual demand for commercial vehicles
    and cars will fuel permanent magnet industry
    share considerably.
  • About 86 million cars were sold in the top 54
    markets around the world in 2018, with SUVs being
    more popular while electric cars sales raised by
    75. During the past few years, electric motor
    applications have increased exponentially due to
    the advent of low cost and high-performance
    electronics with complementary improvement in
    permanent magnetic materials.

2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • Rising RD investments to develop new and higher
    quality magnetic material is anticipated to boost
    the industry demand. Few key factors impacting
    the scope of Asia Pacific permanent magnet
    industry over the forthcoming years have been
    expounded below
  • In recent years, automotive sector has rapidly
    shifted its preferences toward vehicle
    electrification which help in reducing the load
    on the engine and improves fuel economy and
    emissions, as well as passenger comfort.
  • With the introduction of advanced features like
    power windows, electrically adjustable seats, and
    other vital accessories, the electric load in
    vehicles is increasing year by year. This will
    entail more advanced developments and refinements
    in magnetic materials and manufacturing
    technology. Reportedly, automotive sector will
    account for a revenue of more than USD 25 billion
    of global permanent market share by 2024.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request for sample copy of this research report_at_
https//bit.ly/2OspMML
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Considering the regional landscape, China holds
    more than 95 of the rare earth metal reserves
    globally, making Asia Pacific region the leading
    source of rare-earth based magnets. APAC
    permanent magnet industry is projected to grow
    noticeably over the coming years due to
    increasing consumption across automobile,
    electronics and wind energy sectors.
  • Emerging economies like India and China will be
    among the foremost revenue pockets for regional
    magnetic material deployment. Several key players
    are putting their efforts to make new and better
    magnets for vehicles for making them safer and
    convenient to use. Nowadays, magnets are playing
    a major role in the production line of automotive
    industry and are extensively used in the locking
    system and seat belt indicator, which are
    important safety features.
  •  

Request for customization https//bit.ly/2OriybL
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
  • Competitive Analysis
  • Hitachi Metals, Adams Magnetic Products, Electron
    Energy Corp, TDK Corporation, Hangzhou Group,
    Arnold Magnetic Technologies are some of the
    notable permanent magnet suppliers worldwide.

Make An Inquiry For Purchasing This Report
_at_ https//bit.ly/2XzoWBN
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Latest Research Report On Permanent Magnet Market
_at_ https//bit.ly/2rcOxUV Request for sample of
this research report_at_ https//bit.ly/2D5BQ0R
Request for customization https//bit.ly/3324l
Hq
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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