Germany Permanent Magnets Market Size & Outlook, 2023-2030
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Germany permanent magnets market highlights
- The Germany permanent magnets market generated a revenue of USD 601.7 million in 2023 and is expected to reach USD 955.4 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, ndfeb was the largest revenue generating material in 2023.
- NdFeB is the most lucrative material segment registering the fastest growth during the forecast period.
Permanent magnets market data book summary
| Market revenue in 2023 | USD 601.7 million |
| Market revenue in 2030 | USD 955.4 million |
| Growth rate | 6.8% (CAGR from 2024 to 2030) |
| Largest segment | Ndfeb |
| Fastest growing segment | NdFeB |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ferrite, Alnico, NdFeB, SmCo |
| Key market players worldwide | EARTH PANDA ADVANCED MAGNETIC MATERIAL CO LTD, Adams Magnetic Products, Arnold Magnetic Technologies, Daido Steel, Eclipse Magnetics, Electron Energy Corporation, Hangzhou Permanent Magnet Group, Magnequench International, Ningbo Yunsheng, Ningbo Ninggang Permanent Magnetic Materials Co., Shin-Etsu Chemical Co Ltd, TDK Corp, Thomas Skinner, VACUUMSCHMELZE, Umag, SsangYong, Pacific Metals |
Other key industry trends
- In terms of revenue, Germany accounted for 2.7% of the global permanent magnets market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany permanent magnets market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 955.4 million by 2030.
Ndfeb was the largest segment with a revenue share of 65.4% in 2023. Horizon Databook has segmented the Germany permanent magnets market based on ferrite, alnico, ndfeb, smco covering the revenue growth of each sub-segment from 2018 to 2030.
The country stood strongly against the high manufacturing costs. Further, the equipment investment is also expected to recover with an increase in manufacturing and exports. The country’s inflation is expected to ease, and government debt is also projected to decline in 2023 and 2024.
Germany is one of the leaders in the global automotive manufacturing market, as the country has various advanced automobile manufacturing facilities and innovative research & and development centers. Numerous automakers in the country are expanding their footprint by focusing on the development of luxury and premium car segments.
This is anticipated to contribute to the demand for products in Germany in the coming years. In 2022, car manufacturers delivered a total of 3.4 million units, witnessing an 11% increase compared to 2021. According to VDA, the German Automotive Association, the country is expected to deliver more than 3.79 million cars in 2023.
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Permanent Magnets Market Scope
Permanent Magnets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pacific Metals | View profile | 251-500 | Otemachi, Tokyo, Japan, Asia | https://www.pacific-metals.co.jp/ |
| SsangYong | View profile | 1001-5000 | Pyongtaek, Kyonggi-do, South Korea, Asia | http://www.smotor.com |
| Umag | View profile | 11-50 | Mapo, Seoul-t'ukpyolsi, South Korea, Asia | http://umag.io |
| Thomas Skinner | View profile | 101-250 | Richmond, British Columbia, Canada, North America | https://www.thomasskinner.com |
| Ningbo Ninggang Permanent Magnetic Materials Co. | View profile | 101-250 | Ningbo, Zhejiang, China, Asia | https://www.ngyc.com |
| Ningbo Yunsheng | View profile | - | Ningbo, Zhejiang, China, Asia | http://www.yunsheng.com/ |
| Magnequench International | View profile | 5001-10000 | Singapore, Central Region, Singapore, Asia | http://www.mqitechnology.com |
| Hangzhou Permanent Magnet Group | View profile | 101-250 | Hangzhou, Zhejiang, China, Asia | http://chinahpmg.com |
| Electron Energy Corporation | View profile | 101-250 | Landisville, New Jersey, United States, North America | http://electronenergy.com |
| Eclipse Magnetics | View profile | 101-250 | Sheffield, Sheffield, United Kingdom, Europe | https://www.eclipsemagnetics.com/ |
| Daido Steel | View profile | 10001+ | Nagoya, Aichi, Japan, Asia | http://www.daido.co.jp/ |
| EARTH PANDA ADVANCED MAGNETIC MATERIAL CO LTD | View profile | 501-1000 | Hefei, Anhui, China, Asia | http://www.earth-panda.com |
| Adams Magnetic Products | View profile | 101-250 | Elmhurst, Illinois, United States, North America | https://adamsmagnetic.com |
| VACUUMSCHMELZE | View profile | 1001-5000 | Hanau, Hessen, Germany, Europe | http://www.vacuumschmelze.com/ |
| Arnold Magnetic Technologies | View profile | 501-1000 | Rochester, New York, United States, North America | http://www.arnoldmagnetics.com/ |
| TDK Corp | View profile | 102908 | Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, Japan | http://www.tdk.co.jp |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
Germany Application - Permanent Magnets Market size, 2023 - 2030 (US$M)
Germany Permanent Magnets Market Outlook Share, 2023 & 2030 (US$M)
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