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Ready To Use Bonded Magnet market size and forecast, 2022-2032

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Ready To Use Bonded Magnet market size and forecast, 2022-2032

The global bonded magnet market is estimated at US$ 5.1 Bn in 2022, and is forecast to reach a valuation of US$ 10.9 Bn by 2032, expanding at an impressive CAGR of 7.8% from 2022 to 2032.

Worldwide sales of bonded magnets account for around 14% share of the total market valuation of the global magnet market, which is projected to increase at a CAGR of 6.9% over the forecast period of 2022-2032.

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Competitive Landscape: Top Companies in Bonded Magnet Market

The global bonded magnet market is moderately consolidated in nature. There exist big players in the market with huge financial muscle and distribution networks spread across the globe. Key global players account for 15% to 20% of the market share, whereas, other small- and medium-sized players account for 80% to 85%.

Key companies have adopted various strategies such as mergers & acquisitions, partnerships, etc., to upscale their growth. New product development is a key strategy that bonded magnet suppliers are resorting to expand their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of bonded magnet positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

1.    On 2nd March 2021Arnold Magnetic Technologies acquired Ramco Electric Motors Company. This acquisition will further advance the company’s strategic priorities to deliver engineered solutions and new materials that empower customers to develop next-generation technologies.

2.    In 2020, Ningbo Newland Magnet Industry Co. Ltd. launched a type of bonded magnet that can be used with 5G technology, which ensures that ferrite and samarium-cobalt magnets should be able to provide the performance required in 5G applications.

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Bonded Magnet Industry Research by Segments

·        Bonded Magnet Market by Product Type:

  • Rare Earth Magnets
  • NdFeB
  • SmCo
  • Bonded Ferrite Magnets
  • Others

·        Bonded Magnet Market by Process Type:

  • Injection Molded Bonded Magnets
  • Compression Bonded Magnets
  • Calendaring Bonded Magnets
  • Extrusion Bonded Magnets

·        Bonded Magnet Market by Application:

  • Sensors
  • Motors
  • Hard Disk Drives
  • Level Gauges
  • Instrument Panels
  • Copier Rotors
  • Fuel Filters
  • Magnetic Couplings

·        Bonded Magnet Market by End Use:

  • Automotive
  • HVAC Equipment
  • Medical Devices
  • Cameras
  • Consumer Electronic Appliances
  • Computers and Magnetic Storage Devices
  • Electrical Equipment
  • Measurement Instruments
  • Printer and Copiers

·        Bonded Magnet Market by Region:

  • North America Bonded Magnet Market
  • Latin America Bonded Magnet Market
  • Europe Bonded Magnet Market
  • East Asia Bonded Magnet Market
  • South Asia & Oceania Bonded Magnet Market
  • MEA Bonded Magnet Market

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