Enjoy complimentary customisation on priority with our Enterprise License!
The alnico magnets market share is expected to increase to USD 434.71 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.26%.
This alnico magnets market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers alnico magnets market segmentation by application (electronic, automotive, aerospace, wind energy, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The alnico magnets market report also offers information on several market vendors, including Adams Magnetic Products, Alga Magneti Srl, Arnold Magnetic Technologies Corp., Bunting Magnetics Europe LTD., DATOYO MAGNETICS CO. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., DURA MAGNETS PVT. LTD., Electron Energy Corp., Eneflux-Armtek Magnetics Inc., Goudsmit Magnetics Groep BV, Hitachi Ltd., IBS Magnet, Integrated Technologies Group, Magdev Ltd., Magnaworks Technology Inc., Master Magnetics Inc., Permanent Magnets Ltd., Stanford Magnets, and Storch Magnetics among others.
Download the Free Report Sample to Unlock the Alnico Magnets Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand from electronics industry is notably driving the alnico magnets market growth, although factors such as volatility in prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the alnico magnets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Alnico Magnets Market Driver
Key Alnico Magnets Market Trend
Key Alnico Magnets Market Challenge
This alnico magnets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global alnico magnets market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the alnico magnets market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the alnico magnets market encompasses successful business strategies deployed by the key vendors. The alnico magnets market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The alnico magnets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the alnico magnets market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
43% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for alnico magnets in APAC. Market growth in this region will be slower than the growth of the market in other regions.
The increase in demand from the automotive, aerospace, electronics, wind energy, and medical devices segments will facilitate the alnico magnets market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The alnico magnets market witnessed a slow growth in 2020 due to the outbreak of COVID-19. Countries such as China and India were severely affected by the pandemic in 2020. However, the market regained growth momentum mainly due to the initiation of COVID-19 vaccination drives in the region, which led to the resumption of manufacturing activities in 2021. Moreover, rising demand for alnico magnets from end-user industries such as automotive and electronics will propel the growth of the regional market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The alnico magnets market share growth by the electronic segment will be significant during the forecast period. Alnico magnets are used in the electronic motors of various appliances such as air conditioners and televisions The global electronics market is growing significantly due to favorable macroeconomic factors such as an increase in disposable income, improving lifestyles, and easy availability of credit facilities. These factors will contribute to the growth of the electronics industry, which, in turn, will drive the demand for alnico magnets in the electronics segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the alnico magnets market size and actionable market insights on post COVID-19 impact on each segment.
Alnico Magnets Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.26% |
Market growth 2022-2026 |
$ 434.71 million |
Market structure |
Fragmented |
YoY growth (%) |
7.19 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Adams Magnetic Products, Alga Magneti Srl, Arnold Magnetic Technologies Corp., Bunting Magnetics Europe LTD., DATOYO MAGNETICS CO. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., DURA MAGNETS PVT. LTD., Electron Energy Corp., Eneflux-Armtek Magnetics Inc., Goudsmit Magnetics Groep BV, Hitachi Ltd., IBS Magnet, Integrated Technologies Group, Magdev Ltd., Magnaworks Technology Inc., Master Magnetics Inc., Permanent Magnets Ltd., Stanford Magnets, and Storch Magnetics |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.