Rare earth magnet is a set of strong permanent magnets that are made from the alloys of particular earth elements. It has significantly higher performance than ferrite and alnico magnet. It is rarely found in its concentrated form and generally found dispersed with other elements. They are classified into two categories- neodymium magnets and samarium-cobalt magnets. Neodymium magnets are the strongest and most affordable type while samarium-cobalt magnets have certain niche application because of their higher cost and higher Curie temperature as compared to Neodymium magnets. During 2014-2018, the global rare earth magnet market grew at a CAGR of around 6% The market is currently being driven by the strong demand of rare earth magnets in applications such as motors, generators, consumer electronics, HDD, CD, and DVD etc.
Rare earth magnet has found the way in new applications (new energy vehicles, intelligent manufacturing, new generation of high-speed trains, industrial robots, etc.) which is also boosting the market’s growth. This report by Expert Market Research entitled “Rare Earth Magnet Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the rare earth magnet market.
Historical market trends for the global rare earth magnet industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global rare earth magnet market into the following major countries – China, Japan, Europe, and the United States. On the basis of the product type, the global market for rare earth magnets has been segmented as NdFeB (Neodymium-Iron-Boron) and SmCo (Samarium-Cobalt). Additionally, the report has segmented the market by application: automotive motors, industrial motors, HDD, CD, DVD, Electric bicycles, transducers and loudspeakers and others.
The value chain analysis of the rare earth magnet industry 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 rare earth magnet industry has also been provided.
This report provides an exhaustive insight for setting-up and running a rare earth 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 rare earth magnet market?
- Which are the biggest markets (regions) for rare earth magnet?
- What are the major types of rare earth magnet? Which are the most popular?
- What are the key application areas for rare earth magnet?
- Who are the key manufacturers in the rare earth magnet market?
- What are the land and construction requirements to start a rare earth magnet manufacturing plant?
- What are the machinery requirements to start a rare earth magnet manufacturing plant?
- How is rare earth magnet priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a rare earth magnet manufacturing plant?
- What are the running costs of a rare earth magnet manufacturing plant?
- How much revenue can a rare earth 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 rare earth 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.