Ferrite magnets are popularly known as Ceramic Magnets, Ceramic Ferrite Magnets, Feroba Magnets and Hard Ferrite Magnets. Ferrite magnets are permanent magnets which are composed of Barium or Strontium Ferrite and perfectly suited for higher volume production. During 2014-2018, the global ferrite magnet market grew at a CAGR of around 3.8%. 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 “Ferrite Magnet Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the ferrite magnet market.
Historical market trends for the ferrite magnet industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a country level, the report has segmented the global ferrite magnet market into the following countries – China, Japan, the USA and India. China currently represents the largest market. Additionally, the report has analysed the global market for ferrite magnet on the basis of its application. Electronic firms industry represents the biggest end-use market followed by electro-acoustic products.
The value chain analysis of ferrite magnet has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the ferrite magnet industry has also been provided. Some of the key players in this market include Ningbo Yunsheng Co., Ltd., Hangzhou permanent magnet group and JPMF Guangdong Co. Ltd.
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.
The following are the key questions answered by this report:
- What are the market trends for the global ferrite magnet market?
- Which are the biggest markets (regions) for ferrite magnet?
- What are the major types of ferrite magnet? Which are the most popular?
- What are the key application areas for ferrite magnet?
- Who are the key players in the ferrite magnet market?
- What are the land and construction requirements to start a ferrite magnet manufacturing plant?
- What are the machinery requirements to start a ferrite magnet manufacturing plant?
- How are ferrite magnet priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a ferrite magnet manufacturing plant?
- What are the running costs of a ferrite magnet manufacturing plant?
- How much revenue can a ferrite magnet manufacturing plant generate?
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.