NdFeB Permanent Magnets Market Revenue 2025 to 2034
NdFeB Permanent Magnets Market Revenue 2025 to 2034
NdFeB Permanent Magnets Market (By Type/Product: Sintered NdFeB Magnets, Bonded NdFeB Magnets, Hot Pressed/Hot Deformed NdFeB Magnets; By Application: Electric Motors, Generators/Wind Turbines, Instruments & Meters, Automotive, Consumer Electronics, Others; By End User Industry: Automotive, Electronics, Energy, Medical, Industrial Machinery; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
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Revenue, 2025
USD 32.66 Bn
Forecast Year, 2034
USD 59.74
CAGR, 2025 - 2034
6.94%
Report Coverage
Worldwide
Published By
Rohan Patil
Reviewed By
Aditi Shivarkar
Reviewed By
Aman Singh
The global NdFeB permanent magnets market, valued at USD 30.54 billion in 2024, is set to rise from USD 32.66 billion in 2025 to nearly USD 59.74 billion by 2034, driven by strong demand across EVs, electronics, and renewable energy applications.
NdFeB Permanent Magnets Market Size Analysis
NdFeB Permanent Magnets Market Size By Type 2025 to 2034 (USD Billion)
| Type | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sintered NdFeB Magnets | 19.60 | 20.76 | 22.00 | 23.30 | 24.68 | 26.14 | 27.68 | 29.31 | 31.04 | 32.86 |
| Bonded NdFeB Magnets | 8.17 | 8.85 | 9.59 | 10.39 | 11.25 | 12.18 | 13.19 | 14.28 | 15.46 | 16.73 |
| Hot pressed/Hot deformed NdFeB Magnets | 4.90 | 5.32 | 5.77 | 6.26 | 6.79 | 7.36 | 7.98 | 8.65 | 9.37 | 10.16 |
NdFeB Permanent Magnets Market Size By Application 2025 to 2034 (USD Billion)
| Application | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Electric Motors | 11.43 | 12.42 | 13.49 | 14.65 | 15.90 | 17.26 | 18.73 | 20.32 | 22.04 | 23.90 |
| Generators/Wind Turbines | 6.53 | 6.91 | 7.30 | 7.72 | 8.16 | 8.63 | 9.12 | 9.64 | 10.18 | 10.75 |
| Instruments & Meters | 2.61 | 2.77 | 2.95 | 3.13 | 3.32 | 3.53 | 3.75 | 3.98 | 4.22 | 4.48 |
| Automotive (beyond motors) | 3.27 | 3.47 | 3.69 | 3.93 | 4.18 | 4.44 | 4.72 | 5.02 | 5.34 | 5.68 |
| Consumer Electronics | 3.92 | 4.15 | 4.40 | 4.66 | 4.94 | 5.23 | 5.54 | 5.86 | 6.21 | 6.57 |
| Others | 4.90 | 5.20 | 5.52 | 5.86 | 6.22 | 6.60 | 7.00 | 7.43 | 7.88 | 8.36 |
NdFeB Permanent Magnets Market Size By Region 2025 to 2034 (USD Billion)
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3.92 | 4.27 | 4.65 | 5.06 | 5.51 | 5.99 | 6.51 | 7.08 | 7.70 | 8.36 |
| Europe | 4.90 | 5.20 | 5.52 | 5.86 | 6.22 | 6.60 | 7.00 | 7.43 | 7.88 | 8.36 |
| Asia Pacific | 19.60 | 20.80 | 22.08 | 23.43 | 24.87 | 26.39 | 28.01 | 29.72 | 31.53 | 33.46 |
| Latin America | 1.96 | 2.13 | 2.32 | 2.53 | 2.75 | 2.99 | 3.26 | 3.54 | 3.85 | 4.18 |
| Middle East and Africa | 2.29 | 2.52 | 2.78 | 3.06 | 3.37 | 3.71 | 4.07 | 4.47 | 4.90 | 5.38 |
NdFeB Permanent Magnets Market Size to Lead USD 59.74 Bn by 2034
The ndfeb permanent magnets market size accounted for USD 30.54 bn in 2024 and is predicted to touch around USD 59.74 bn by 2034 at a CAGR of 6.94%.
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