How Is the Bonded Magnet Market Supporting Growth in Electronics and Automotive Industries?

Latest Insights on Executive Summary Bonded Magnet Market Share and Size

CAGR Value

The global bonded magnet market size was valued at USD 4.50 billion in 2025 and is expected to reach USD 9.71 billion by 2033, at a CAGR of 10.10% during the forecast period

The Bonded Magnet Market report is the best to know the trends and opportunities in Bonded Magnet Market The forecast, analysis, evaluations, and estimations carried out in this Bonded Magnet report are all based upon the well-established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. These are the authentic tools used in market analysis on which businesses can trust confidently. This Bonded Magnet Market report brings into focus a plentiful number of factors, such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis, which all aid in taking your business towards growth and success.

This Bonded Magnet Market report also estimates the growth rate and the market value based on market dynamics and growth inducing factors. It is a well-versed fact that competitive analysis is the major aspect of any market research report and hence many points are covered under this, including strategic profiling of key players in the market, analyse core competencies of key players, and drawing a competitive landscape for the market. This global Bonded Magnet business report has been built with the careful efforts of an innovative, enthusiastic, knowledgeable, and experienced team of analysts, researchers, industry experts, and forecasters.

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Bonded Magnet Business Outlook

Segments

- Based on type, the bonded magnet market can be segmented into:
- Rare Earth
- Ferrite
- Others

- By end-use industry, the market can be categorized into:
- Automotive
- Electrical & Electronics
- Industrial
- Healthcare
- Others

- On the basis of application, the bonded magnet market is divided into:
- Motors
- Sensors
- MRI Machines
- Others

Bonded magnets are increasingly being used in various industries due to their superior magnetic properties and cost-effectiveness. The rare earth segment is expected to witness significant growth owing to the high magnetic strength and stability offered by these magnets. In the automotive sector, bonded magnets are extensively used in electric vehicle applications due to their lightweight nature and high energy efficiency. The healthcare industry is also a key consumer of bonded magnets, particularly in MRI machines where these magnets provide precise imaging capabilities.

Market Players

- Some of the key players in the global bonded magnet market include:
- Arnold Magnetic Technologies
- Viona Magnetics Inc.
- Hangzhou Permanent Magnet Group
- Alliance LLC
- Neo Magnequench
- Galaxy Magnets
- Daido Electronics Co., Ltd.
- Thomas & Skinner, Inc.

- Other prominent companies in the market are:
- Hitachi Metals, Ltd.
- SG Technologies
- Electron Energy Corporation
- Adams Magnetic Products
- Bunting Magnetics Co.
- Dexter Magnetic Technologies
- Ningbo Yunsheng Co. Ltd.

These market players are focusing on product innovation, strategic partnerships, and acquisitions to enhance their market presence and expand their product portfolio. Collaborations with end-use industries are also crucial for these players to cater to specific application requirements and gain a competitive edge in the bonded magnet market.

The bonded magnet market is experiencing a notable shift towards rare earth magnets due to their superior magnetic properties, including high strength and stability, making them highly sought after in various industries. The automotive sector is a significant consumer of bonded magnets, particularly in electric vehicle applications where these magnets offer lightweight characteristics and high energy efficiency, aligning with the industry's sustainability goals. Furthermore, the healthcare industry's adoption of bonded magnets for MRI machines showcases the importance of precision and reliability in imaging technologies, driving the demand for advanced magnetic materials.

In terms of market players, Arnold Magnetic Technologies, Viona Magnetics Inc., and Hangzhou Permanent Magnet Group stand out as key contributors to the global bonded magnet market, leveraging their expertise in magnetic technologies to develop innovative solutions. Strategic partnerships and product innovations are key strategies employed by these players to maintain a competitive edge in the market landscape. Collaboration with end-use industries such as automotive, electronics, and healthcare is crucial for companies like Alliance LLC, Neo Magnequench, and Galaxy Magnets to tailor their offerings to specific application requirements and enhance customer satisfaction.

The rising trend of sustainability and energy efficiency in multiple industries is expected to drive further growth in the bonded magnet market. Companies like Daido Electronics Co., Ltd. and Thomas & Skinner, Inc. are actively investing in research and development efforts to enhance the performance of bonded magnets and explore new applications in emerging sectors. Moreover, the increasing demand for compact and high-powered magnets in electronic devices and industrial machinery is creating opportunities for market players to expand their market presence and solidify their position in the competitive landscape.

Overall, the global bonded magnet market is poised for steady growth, driven by technological advancements, growing adoption of electric vehicles, and the increasing application of bonded magnets in healthcare equipment. The collaboration between market players and end-use industries will continue to play a pivotal role in shaping the market dynamics and fostering innovation in magnetic technologies. As the market evolves, companies will need to stay agile and proactive in responding to changing customer needs and market trends to sustain their growth trajectory and capitalize on emerging opportunities.The global bonded magnet market is witnessing a paradigm shift towards rare earth magnets, driven by their exceptional magnetic properties such as high strength and stability. This trend is crucial in various industries where precise and efficient magnetic solutions are paramount. The automotive sector, in particular, is a major adopter of bonded magnets, especially in electric vehicles where lightweight and energy-efficient components are essential for sustainability goals. The healthcare industry's reliance on bonded magnets for MRI machines is also a significant driver of market growth, highlighting the critical role of advanced magnetic materials in cutting-edge medical technologies.

Key market players like Arnold Magnetic Technologies, Viona Magnetics Inc., and Hangzhou Permanent Magnet Group are at the forefront of innovation, leveraging their expertise to develop groundbreaking solutions in the bonded magnet space. Strategic partnerships and continuous product advancements are vital strategies employed by these companies to maintain their competitive edge and meet the evolving demands of various industries. Collaboration with end-use sectors such as automotive, electronics, and healthcare is imperative for companies like Alliance LLC, Neo Magnequench, and Galaxy Magnets to tailor their offerings to specific application requirements and enhance customer satisfaction.

The growing emphasis on sustainability and energy efficiency across industries is anticipated to fuel further growth in the bonded magnet market. Firms like Daido Electronics Co., Ltd. and Thomas & Skinner, Inc. are actively investing in research and development to enhance the performance of bonded magnets and explore new applications in emerging sectors. Additionally, the increasing demand for compact, high-powered magnets in electronic devices and industrial machinery presents market players with opportunities to expand their market presence and solidify their positions in the competitive landscape.

In conclusion, the bonded magnet market is poised for robust growth supported by technological advancements, the proliferation of electric vehicles, and the expanding applications of bonded magnets in healthcare equipment. The collaboration between market players and end-use industries will continue to shape market dynamics and foster innovation in magnetic technologies. To stay competitive, companies must remain adaptable and responsive to evolving customer needs and market trends, positioning themselves to capitalize on emerging opportunities and drive sustainable growth in the global bonded magnet market.

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Bonded Magnet Market – Analyst-Ready Question Batches

• What is the current demand volume of the Bonded Magnet Market?
• How is the market for Bonded Magnet expected to evolve in the next decade?
• What segmentation criteria are applied in the Bonded Magnet Market study?
• Which players have the highest market share in the Bonded Magnet Market?
• What regions are assessed in the country-level analysisfor Bonded Magnet Market?
• Who are the top-performing companies in the Bonded Magnet Market?

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