Global Rare Earth Magnets for Electric Vehicle Market Insights, Forecast to 2028

Rare Earth Magnets for Electric Vehicle can be used in Automotive electric power steering system (EPS), new energy vehicle drive motors and some high-end micro motors, etc.
Market Analysis and Insights: Global Rare Earth Magnets for Electric Vehicle Market
Due to the COVID-19 pandemic, the global Rare Earth Magnets for Electric Vehicle market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Sintered Neodymium Magnet accounting for % of the Rare Earth Magnets for Electric Vehicle global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Drive Motor for Automotive segment is altered to an % CAGR throughout this forecast period.
China Rare Earth Magnets for Electric Vehicle market size is valued at US$ million in 2021, while the US and Europe Rare Earth Magnets for Electric Vehicle are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Rare Earth Magnets for Electric Vehicle landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Rare Earth Magnets for Electric Vehicle include Hitachi Metals, Shin-Etsu Chemical, TDK, Daido Steel, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG and ZHmag. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Rare Earth Magnets for Electric Vehicle capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Rare Earth Magnets for Electric Vehicle by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Rare Earth Magnets for Electric Vehicle Scope and Segment
Rare Earth Magnets for Electric Vehicle market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Rare Earth Magnets for Electric Vehicle market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Sintered Neodymium Magnet
Bonded Neodymium Magnet
Other
Segment by Application
Drive Motor for Automotive
EPS
ABS
Brake control
Intake / exhaust system
Others
By Company
Hitachi Metals
Shin-Etsu Chemical
TDK
Daido Steel
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE