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Global Ferrite Magnet Market: By Application: Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Project Requirements; Competitive Landscape; Industry Events and Developments
Global Ferrite Magnet Market Outlook
The global ferrite magnet market size reached a volume of 1.24 million tons in 2020. The market is further expected to grow at a CAGR of 3.0% in the forecast period of 2023-2028.
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On the basis of applications, the industry is divided into electro-acoustic products, electronics industry, power play tools, car line industry, and calculating machines, among others. Among these, electro-acoustic products represent the leading application segment for ferrite magnets. Country-wise, China represents the largest market for the product. Other significant regions include the United States, Japan, and India.
Properties and Applications
Ferrite magnets, variously known as ceramic magnets, are grey-coloured electrically insulating magnets. They are corrosion-resistant, durable, and have high magnetic permeability. As ferrite magnets are resistant to high temperatures, they are used in various applications such as brakes, medical instruments, security systems, motors, and loudspeakers, among others.
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Based on applications, the market is divided into:
- Electro-Acoustic Products
- Electronics Industry
- Power Play Tools
- Car Line Industry
- Calculating Machines
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The market is currently being driven by the properties of these magnets which include resistance to demagnetization, excellent corrosion resistance and their low prices. This report by Expert Market Research entitled “Global Ferrite Magnet Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the ferrite magnet market.
Growing utilisation of these magnets in electro-acoustic products will aid the industry over the forecast period. Moreover, increased adoption of ferrite magnet in the automotive industry for braking and locking systems, growing sales of passenger and commercial vehicles, introduction of advanced automobiles in the market, and the role of ferrite magnet as an essential component in various medical devices are expected to have a positive effect on the expansion of the global ferrite magnet market.
This report provides an exhaustive insight for setting-up and running a ferrite magnet manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global ferrite magnet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ningbo Yunsheng Co. Ltd.
- Hangzhou Permanent Magnet Group., Ltd
- LINGYI Guangdong Co., Ltd
- NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC)
- Hitachi Metals, Ltd.
- Others
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the ferrite magnet industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), Hitachi Metals, Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Permanent Magnet Market Overview
8.1 Key Industry Highlights
8.2 Global Permanent Magnet Historical Market (2018-2022)
8.3 Global Permanent Magnet Market Forecast (2023-2028)
8.4 Global Permanent Magnet Market by Type
8.5 Global Permanent Magnet Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Global Ferrite Magnet Market Analysis
9.1 Key Industry Highlights
9.2 Global Ferrite Magnet Historical Market (2018-2022)
9.3 Global Ferrite Magnet Market Forecast (2023-2028)
9.4 Global Ferrite Magnet Market by Application
9.4.1 Electro-Acoustic Products
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Electronics Industry
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Power Play Tools
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Car Line Industry
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Calculating Machines
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Others
9.5 Global Ferrite Magnetic Powder Market by Region
9.5.1 Market Share
9.5.1.1 North America
9.5.1.2 Europe
9.5.1.3 Asia Pacific
9.5.1.4 Latin America
9.5.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Operations Involved
15 Project Requirements and Cost Analysis
15.1 Land, Location, and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ningbo Yunsheng Co. Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hangzhou Permanent Magnet Group., Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 LINGYI Guangdong Co., Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC)
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hitachi Metals, Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Permanent Magnetic Powder Market: Key Industry Highlights, 2018 and 2028
2. Global Permanent Magnet Historical Market: Breakup by Type (Million Tons), 2018-2022
3. Global Permanent Magnet Market Forecast: Breakup by Type (Million Tons), 2023-2028
4. Global Permanent Magnet Historical Market: Breakup by Region (Million Tons), 2018-2022
5. Global Permanent Magnet Market Forecast: Breakup by Region (Million Tons), 2023-2028
6. Global Ferrite Magnet Market: Key Industry Highlights, 2016 and 2026
7. Global Ferrite Magnet Historical Market: Breakup by Application (Million Tons), 2018-2022
8. Global Ferrite Magnet Market Forecast: Breakup by Application (Million Tons), 2023-2028
9. Global Ferrite Magnet Historical Market: Breakup by Region (Million Tons), 2018-2022
10. Global Ferrite Magnet Market Forecast: Breakup by Region (Million Tons), 2023-2028
11. North America Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2018-2022
12. North America Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2023-2028
13. Europe Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2018-2022
14. Europe Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2023-2028
15. Asia Pacific Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2018-2022
16. Asia Pacific Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2023-2028
17. Latin America Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2018-2022
18. Latin America Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2023-2028
19. Middle East and Africa Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2018-2022
20. Middle East and Africa Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2023-2028
21. Global Ferrite Magnet Market Structure
Key Questions Answered in the Report
In 2020, the global ferrite magnet market attained a volume of nearly 1.24 million tons.
The market is projected to grow at a CAGR of 3.0% between 2021 and 2026.
The major drivers of the industry, such as the rising disposable incomes, growing product utilisation in automotive industry, rise in sales of passenger and commercial vehicles, launch of advanced automobiles, and growing product utilisation in medical devices are expected to aid the market growth.
The growing adoption of ferrite magnet in electro-acoustic products with rapid technological advancement is the key market trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Electro-acoustic products form the leading application of the product in the industry.
The major players in the industry are Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), and Hitachi Metals, Ltd., among others.
Analyst Review
The global ferrite magnet market attained a volume of 1.24 million tons in 2020, driven by the development of advanced automobiles and the growing sales of commercial and passenger vehicles. Aided by the rising demand to manufacture electro-acoustic products, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.0%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the ferrite magnet industry can be segmented into electro-acoustic products, electronics industry, power play tools, car line industry, and calculating machines, among others, with electro-acoustic products accounting for the largest market share. The major regional markets for ferrite magnet are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), and Hitachi Metals, Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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