Industry Background:
Bonded magnet technology enables a wide variety of magnetic powders to be combined with several polymer and binder systems to produce magnetic components. Majority of bonded magnets are isotropic, that means, uniformity in all orientations. These magnets consist of two components; a hard magnetic powder and a non-magnetic polymer or rubber binder. Bonded magnets exhibit higher electrical resistivity and better mechanical properties.
According to AMA Research, the market for Bonded Magnet is expected to register a CAGR of 5.9% during the forecast period to 2027. This growth is primarily driven by Widely Used In Hard Disks Since It Enables Miniaturization
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Arnold Magnetic Technologies (United States), Magnum Magnetics Corporation (United States), ALL Magnetics, Inc. (United States), American Union Group, Inc. (United States), Ashvini Magnets Pvt. Ltd. (India), Shanghai San Huan Magnetics (China), Vacuumschmelze GmbH & Co. KG (Germany), Daido Electronics (Japan), Zhejiang Innuovo Magnetics Co., Ltd. (China) and MS-Schramberg GmbH & Co. KG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Ramco Electric Motors Company was acquired by Arnold Magnetic Technologies. The company's strategic goal of providing innovative materials and engineering solutions that enable customers to develop next-generation technologies will be further enhanced as a result of this acquisition.
In 2020, MS Scramberg, a leading producer of magnetic materials, has added Elastomer Bonded Magnets to its portfolio. These magnets are more flexible and have high elasticity and find a wide range of applications such as engine transmissions and camshafts in the automotive industry, lightweight magnets in electronics, etc. and In 2020, Ningbo Newland Magnet Industry Co., Ltd. Ltd. has launched a class of bonded magnets that can be used with 5G technology to enable ferrite and samarium-cobalt magnets to provide the performance required for 5G applications.
Bonded Magnet Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Widely Used In Hard Disks Since It Enables Miniaturization
- Increasing Market for Smartphones Is Increasing Demand for Bonded Magnets
|
Influencing Trends | - Maximum Area of Application of Bonded Magnet Includes Data Storage
|
Restraints | - Fluctuating Price of Raw Materials
|
Road Blocks / Challenges | - High Cost of Raw Materials
|
Gaps & Opportunities | - Surging Market for Consumer Electronics Will Increase the Market for Bonded Magnet
- The Emergence of Hybrid Vehicles In The Future Will Likely Boost the Market for Magnet
|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Bonded Magnet Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Bonded Magnet Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Bonded Magnet players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bonded Magnet Study Sheds Light on
The Bonded Magnet Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Bonded Magnet industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bonded Magnet industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.