Permanent magnet demand is rising with EVs, wind energy, automation and robotics, while miniaturized electronics and advanced medical devices offer new opportunities.

Dublin, Sept. 15, 2026 (GLOBE NEWSWIRE) -- "Permanent Magnets Market Size, Share & Trends Analysis Report by Material, Application, Region, and Segment Forecasts, 2026-2033" has been added to ResearchAndMarkets.com's offering.

The global permanent magnets market was valued at an estimated USD 25.90 billion in 2025 and is projected to reach USD 47.40 billion by 2033. The market is expected to expand at a compound annual growth rate of 6.8% from 2026 to 2033, supported by rising demand across the automotive, renewable energy, industrial automation, consumer electronics, medical, aerospace, and defense sectors.

Electric vehicle adoption is a major growth driver for the global permanent magnets market. Worldwide EV sales reached approximately 20.7 million units in 2025, representing a 20% increase from 2024. Battery electric vehicles accounted for more than 20% of all vehicles sold globally, while China recorded sales of over 13 million EVs during the year. Permanent magnets are critical components in high-efficiency traction motors, power steering systems, braking technologies, pumps, and other automotive applications. Continued investment in vehicle electrification is expected to strengthen demand for neodymium iron boron and other high-performance magnetic materials.

Renewable energy expansion is also creating substantial market opportunities. Global renewable power capacity is forecast to increase by nearly 4,600 GW between 2025 and 2030, approximately double the deployment recorded during the previous five years. Solar photovoltaic capacity is expected to account for almost 80% of worldwide renewable electricity capacity growth, supported by lower module costs and streamlined permitting.

The wind energy sector remains an especially important consumer of permanent magnets. Cumulative onshore wind capacity is projected to reach 732 GW by 2030, while offshore wind capacity is expected to double to approximately 140 GW. Direct-drive wind turbines rely on large permanent magnet generators to improve energy conversion efficiency, reduce maintenance requirements, and support reliable operation in demanding environments.

Industrial automation and robotics are further accelerating demand for precision magnetic components. Manufacturers are increasingly deploying permanent magnet synchronous motors, sensors, and actuators to improve production speed, accuracy, and energy efficiency. Bonded and sintered magnets are gaining importance in robotics because they support compact component designs, high repeatability, and advanced motion control. These capabilities make permanent magnets essential to Industry 4.0 initiatives, smart factories, and automated supply chains.

Demand from consumer electronics and medical technology remains strong. Smartphones, laptops, wearable devices, speakers, and high-fidelity audio equipment require increasingly compact and powerful magnetic components. In healthcare, permanent magnets are used in magnetic resonance imaging systems, diagnostic equipment, medical devices, and advanced surgical instruments. Product miniaturization and ongoing innovation across both industries are expected to sustain long-term market growth.

Global Permanent Magnets Market Report Segmentation

The report analyzes revenue and volume growth at the global, regional, and country levels. It also assesses key market trends and opportunities across application, material, and regional segments from 2021 to 2033.

Material outlook: Ferrite, neodymium iron boron (NdFeB), aluminum nickel cobalt (Alnico), and samarium cobalt (SmCo)
Application outlook: Automotive, consumer goods and electronics, industrial, medical, aerospace and defense, and other applications
Regional outlook: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
Market measurements: Volume in kilotons and revenue in USD million
Forecast period: 2021 to 2033

Why Purchase the Permanent Magnets Market Report

Access comprehensive permanent magnets market analysis across major materials, applications, countries, and regions.
Evaluate the competitive landscape, market positioning, and strategies of leading industry participants.
Identify emerging trends linked to electric mobility, renewable energy, robotics, automation, and advanced electronics.
Assess segment-level and regional revenue forecasts to support investment planning and market entry decisions.
Discover growth opportunities, potential revenue streams, and product innovation priorities.
Apply actionable market intelligence to strategic planning, competitive benchmarking, and long-term decision-making.

The global permanent magnets market report provides detailed forecasts, trend analysis, competitive intelligence, market share insights, and product innovation coverage. It is designed to help manufacturers, investors, suppliers, technology providers, and other stakeholders evaluate market potential and develop informed strategies within a rapidly evolving global industry.

Key Attributes:

Report Attribute	Details
No. of Pages	117
Forecast Period	2025 - 2033
Estimated Market Value (USD) in 2025	$25.9 Billion
Forecasted Market Value (USD) by 2033	$47.4 Billion
Compound Annual Growth Rate	6.8%
Regions Covered	Global

Key Topics Covered:

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Data Analysis Models
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook

Chapter 3. Market Variables; Trends; and Scope
3.1. Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter's Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technology
3.7.5. Environmental
3.7.6. Legal

Chapter 4. Permanent Magnets Market: Material Estimates & Trend Analysis
4.1. Permanent Magnets Market: Material Movement Analysis; 2025 & 2033
4.2. Ferrite
4.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
4.3. Neodymium Iron Boron (NdFeB)
4.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
4.4. Aluminum Nickel Cobalt (Alnico)
4.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
4.5. Samarium Cobalt (SmCo)
4.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

Chapter 5. Permanent Magnets Market: Application Estimates & Trend Analysis
5.1. Permanent Magnets Market: Application Movement Analysis; 2025 & 2033
5.2. Automotive
5.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.3. Consumer Goods & Electronics
5.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.4. Industrial
5.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.5. Medical
5.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.6. Energy
5.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.7. Aerospace & Defense
5.7.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
5.8. Others
5.8.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

Chapter 6. Permanent Magnets Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis; 2025 & 2033
6.2. North America
6.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.2.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.2.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.2.4.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.2.4.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.2.5.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.2.5.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.2.6.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.2.6.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.3. Europe
6.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.3.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.3.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.3.4.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.3.4.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.3.5. UK
6.3.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.3.5.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.3.5.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.3.6.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.3.6.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.4.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.4.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.4.4.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.4.4.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.4.5.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.4.5.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.4.6.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.4.6.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.5. Latin America
6.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.5.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.5.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.5.4.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.5.4.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)
6.6.2. Market estimates and forecasts, by application; 2021-2033 (USD Million) (Kilotons)
6.6.3. Market estimates and forecasts, by material; 2021-2033 (USD Million) (Kilotons)

Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis; By Key Market Participants
7.2. Company Categorization
7.3. Heat Map Analysis
7.4. Vendor Landscape
7.4.1. List of distributors
7.5. List of prospective end-users
7.6. Strategy Initiatives
7.7. Company Profiles/Listing
7.7.1. Adams Magnetic Products Co.
7.7.1.1. Company Overview
7.7.1.2. Financial Performance
7.7.1.3. Product Benchmarking
7.7.2. Earth-Panda Advance Magnetic Material Co.; Ltd.
7.7.2.1. Company Overview
7.7.2.2. Financial Performance
7.7.2.3. Product Benchmarking
7.7.3. Arnold Magnetic Technologies
7.7.3.1. Company Overview
7.7.3.2. Financial Performance
7.7.3.3. Product Benchmarking
7.7.4. Daido Steel Co.; Ltd.
7.7.4.1. Company Overview
7.7.4.2. Financial Performance
7.7.4.3. Product Benchmarking
7.7.5. Eclipse Magnetics Ltd.
7.7.5.1. Company Overview
7.7.5.2. Financial Performance
7.7.5.3. Product Benchmarking
7.7.6. Electron Energy Corp.
7.7.6.1. Company Overview
7.7.6.2. Financial Performance
7.7.6.3. Product Benchmarking
7.7.7. Goudsmit Magnetics Group
7.7.7.1. Company Overview
7.7.7.2. Financial Performance
7.7.7.3. Product Benchmarking
7.7.8. Hangzhou Permanent Magnet Group
7.7.8.1. Company Overview
7.7.8.2. Financial Performance
7.7.8.3. Product Benchmarking
7.7.9. Magnequench International; LLC
7.7.9.1. Company Overview
7.7.9.2. Financial Performance
7.7.9.3. Product Benchmarking
7.7.10. Ningbo Yunsheng Co.; Ltd.
7.7.10.1. Company Overview
7.7.10.2. Financial Performance
7.7.10.3. Product Benchmarking

List of Tables
Table 1 Permanent magnets market estimates and forecasts, by ferrite, 2021-2033 (USD Million) (Kilotons)
Table 2 Permanent magnets market estimates and forecasts, by neodymium iron boron (NdFeB), 2021-2033 (USD Million) (Kilotons)
Table 3 Permanent magnets market estimates and forecasts, by aluminum nickel cobalt (Alnico), 2021-2033 (USD Million) (Kilotons)
Table 4 Permanent magnets market estimates and forecasts, by samarium cobalt (SmCo), 2021-2033 (USD Million) (Kilotons)
Table 5 Permanent magnets market estimates and forecasts, in automotive, 2021-2033 (USD Million) (Kilotons)
Table 6 Permanent magnets market estimates and forecasts, in consumer goods & electronics, 2021-2033 (USD Million) (Kilotons)
Table 7 Permanent magnets market estimates and forecasts, in automotive, 2021-2033 (USD Million) (Kilotons)
Table 8 Permanent magnets market estimates and forecasts, in medical, 2021-2033 (USD Million) (Kilotons)
Table 9 Permanent magnets market estimates and forecasts, in energy, 2021-2033 (USD Million) (Kilotons)
Table 10 Permanent magnets market estimates and forecasts, in aerospace & defense, 2021-2033 (USD Million) (Kilotons)
Table 11 Permanent magnets market estimates and forecasts, in others, 2021-2033 (USD Million) (Kilotons)
Table 12 North America permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 13 North America permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 14 North America permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 15 U.S. permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 16 U.S. permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 17 U.S. permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 18 Canada permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 19 Canada permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 20 Canada permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 21 Mexico permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 22 Mexico permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 23 Mexico permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 24 Europe permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 25 Europe permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 26 Europe permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 27 Germany permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 28 Germany permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 29 Germany permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 30 France permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 31 France permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 32 France permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 33 UK permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 34 UK permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 35 UK permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 36 Asia Pacific permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 37 Asia Pacific permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 38 Asia Pacific permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 39 China permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 40 China permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 41 China permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 42 India permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 43 India permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 44 India permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 45 Japan permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 46 Japan permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 47 Japan permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 48 Japan permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 49 Latin America permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 50 Latin America permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 51 Latin America permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 52 Brazil permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 53 Brazil permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 54 Brazil permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)
Table 55 Middle East & Africa permanent magnets market estimates & forecasts, 2021-2033 (USD Million) (Kilotons)
Table 56 Middle East & Africa permanent magnets market estimates & forecasts, by application, 2021-2033 (USD Million) (Kilotons)
Table 57 Middle East & Africa permanent magnets market estimates & forecasts, by material, 2021-2033 (USD Million) (Kilotons)

List of Figures
Figure 1 Market segmentation
Figure 2 Information procurement
Figure 3 Data analysis models
Figure 4 Market formulation and validation
Figure 5 Market snapshot
Figure 6 Segmental outlook
Figure 7 Competitive outlook
Figure 8 Permanent magnets market outlook, 2021-2033 (USD Million) (Kilotons)
Figure 9 Value chain analysis
Figure 10 Market dynamics
Figure 11 Porter's analysis
Figure 12 PESTEL analysis
Figure 13 Permanent magnets market, by material: Key takeaways
Figure 14 Permanent magnets market, by material: Market share, 2025 & 2033
Figure 15 Permanent magnets market, by application: Key takeaways
Figure 16 Permanent magnets market, by application: Market share, 2025 & 2033
Figure 17 Permanent magnets market: Regional analysis, 2024
Figure 18 Permanent magnets market, by region: Key takeaways

Companies Featured

The leading players profiled in this Permanent Magnets market report include:

Adams Magnetic Products Co.
Earth-Panda Advance Magnetic Material Co., Ltd.
Arnold Magnetic Technologies
Daido Steel Co., Ltd.
Eclipse Magnetics Ltd.
Electron Energy Corp.
Goudsmit Magnetics Group
Hangzhou Permanent Magnet Group
Magnequench International, LLC
Ningbo Yunsheng Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/p0vdqz

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Permanent Magnets Market Forecasts Growth from $25.9B (2025) to $47.4B by 2033, Profiling Arnold Magnetic, Daido Steel, Magnequench & 8 Other Key Players