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Industry Research
EV Permanent Magnet Industry Research Report 2026
Market perspective
The global EV Permanent Magnet market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for EV Permanent Magnet is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for EV Permanent Magnet is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for EV Permanent Magnet is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of EV Permanent Magnet include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global EV Permanent Magnet market in revenue (US$ million) and, where applicable, sales volume (Tons), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Tons) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to EV Permanent Magnet.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
EV Permanent Magnet Market by Company
Yantai Zhenghai Magnetic Material CO. LTD.
Hangzhou Permanent Magnet Group., Ltd.
Viona Magnetics
Vacuumschmelze GmbH & Co. KG
Tengam Engineering, Inc.
Daido Steel Co., Ltd
Electron Energy Corporation.
MP Materials
Newland Magnetics
Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
Yantai Dongxing Magnetic Materials Inc
EV Permanent Magnet Segment by Type
NdFeB
SmCo
Others
EV Permanent Magnet Segment by Application
Commercial Vehicles
Passenger Vehicles
EV Permanent Magnet Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global EV Permanent Magnet market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of EV Permanent Magnet and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of EV Permanent Magnet.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of EV Permanent Magnet manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of EV Permanent Magnet by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of EV Permanent Magnet in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- NdFeB
- SmCo
- Others
Applications
- Commercial Vehicles
- Passenger Vehicles
Companies covered
- Yantai Zhenghai Magnetic Material CO. LTD.
- Hangzhou Permanent Magnet Group., Ltd.
- Viona Magnetics
- Vacuumschmelze GmbH & Co. KG
- Tengam Engineering, Inc.
- Daido Steel Co., Ltd
- Electron Energy Corporation.
- MP Materials
- Newland Magnetics
- Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
- Yantai Dongxing Magnetic Materials Inc
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 EV Permanent Magnet by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 NdFeB
- 2.2.3 SmCo
- 2.2.4 Others
- 2.3 EV Permanent Magnet by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Commercial Vehicles
- 2.3.3 Passenger Vehicles
- 2.4 Global Market Growth Prospects
- 2.4.1 Global EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global EV Permanent Magnet Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global EV Permanent Magnet Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global EV Permanent Magnet Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global EV Permanent Magnet Production by Manufacturers (2021-2026)
- 3.2 Global EV Permanent Magnet Production Value by Manufacturers (2021-2026)
- 3.3 Global EV Permanent Magnet Average Price by Manufacturers (2021-2026)
- 3.4 Global EV Permanent Magnet Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global EV Permanent Magnet Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global EV Permanent Magnet Manufacturers, Product Type & Application
- 3.7 Global EV Permanent Magnet Manufacturers Established Date
- 3.8 Global EV Permanent Magnet Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Yantai Zhenghai Magnetic Material CO. LTD.
- 4.1.1 Yantai Zhenghai Magnetic Material CO. LTD. EV Permanent Magnet Company Information
- 4.1.2 Yantai Zhenghai Magnetic Material CO. LTD. EV Permanent Magnet Business Overview
- 4.1.3 Yantai Zhenghai Magnetic Material CO. LTD. EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Yantai Zhenghai Magnetic Material CO. LTD. Product Portfolio
- 4.1.5 Yantai Zhenghai Magnetic Material CO. LTD. Recent Developments
- 4.2 Hangzhou Permanent Magnet Group., Ltd.
- 4.2.1 Hangzhou Permanent Magnet Group., Ltd. EV Permanent Magnet Company Information
- 4.2.2 Hangzhou Permanent Magnet Group., Ltd. EV Permanent Magnet Business Overview
- 4.2.3 Hangzhou Permanent Magnet Group., Ltd. EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Hangzhou Permanent Magnet Group., Ltd. Product Portfolio
- 4.2.5 Hangzhou Permanent Magnet Group., Ltd. Recent Developments
- 4.3 Viona Magnetics
- 4.3.1 Viona Magnetics EV Permanent Magnet Company Information
- 4.3.2 Viona Magnetics EV Permanent Magnet Business Overview
- 4.3.3 Viona Magnetics EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Viona Magnetics Product Portfolio
- 4.3.5 Viona Magnetics Recent Developments
- 4.4 Vacuumschmelze GmbH & Co. KG
- 4.4.1 Vacuumschmelze GmbH & Co. KG EV Permanent Magnet Company Information
- 4.4.2 Vacuumschmelze GmbH & Co. KG EV Permanent Magnet Business Overview
- 4.4.3 Vacuumschmelze GmbH & Co. KG EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Vacuumschmelze GmbH & Co. KG Product Portfolio
- 4.4.5 Vacuumschmelze GmbH & Co. KG Recent Developments
- 4.5 Tengam Engineering, Inc.
- 4.5.1 Tengam Engineering, Inc. EV Permanent Magnet Company Information
- 4.5.2 Tengam Engineering, Inc. EV Permanent Magnet Business Overview
- 4.5.3 Tengam Engineering, Inc. EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Tengam Engineering, Inc. Product Portfolio
- 4.5.5 Tengam Engineering, Inc. Recent Developments
- 4.6 Daido Steel Co., Ltd
- 4.6.1 Daido Steel Co., Ltd EV Permanent Magnet Company Information
- 4.6.2 Daido Steel Co., Ltd EV Permanent Magnet Business Overview
- 4.6.3 Daido Steel Co., Ltd EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Daido Steel Co., Ltd Product Portfolio
- 4.6.5 Daido Steel Co., Ltd Recent Developments
- 4.7 Electron Energy Corporation.
- 4.7.1 Electron Energy Corporation. EV Permanent Magnet Company Information
- 4.7.2 Electron Energy Corporation. EV Permanent Magnet Business Overview
- 4.7.3 Electron Energy Corporation. EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Electron Energy Corporation. Product Portfolio
- 4.7.5 Electron Energy Corporation. Recent Developments
- 4.8 MP Materials
- 4.8.1 MP Materials EV Permanent Magnet Company Information
- 4.8.2 MP Materials EV Permanent Magnet Business Overview
- 4.8.3 MP Materials EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 MP Materials Product Portfolio
- 4.8.5 MP Materials Recent Developments
- 4.9 Newland Magnetics
- 4.9.1 Newland Magnetics EV Permanent Magnet Company Information
- 4.9.2 Newland Magnetics EV Permanent Magnet Business Overview
- 4.9.3 Newland Magnetics EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Newland Magnetics Product Portfolio
- 4.9.5 Newland Magnetics Recent Developments
- 4.10 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
- 4.10.1 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. EV Permanent Magnet Company Information
- 4.10.2 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. EV Permanent Magnet Business Overview
- 4.10.3 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Product Portfolio
- 4.10.5 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Recent Developments
- 4.11 Yantai Dongxing Magnetic Materials Inc
- 4.11.1 Yantai Dongxing Magnetic Materials Inc EV Permanent Magnet Company Information
- 4.11.2 Yantai Dongxing Magnetic Materials Inc EV Permanent Magnet Business Overview
- 4.11.3 Yantai Dongxing Magnetic Materials Inc EV Permanent Magnet Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Yantai Dongxing Magnetic Materials Inc Product Portfolio
- 4.11.5 Yantai Dongxing Magnetic Materials Inc Recent Developments
5 Global EV Permanent Magnet Production by Region
- 5.1 Global EV Permanent Magnet Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global EV Permanent Magnet Production by Region: 2021-2032
- 5.2.1 Global EV Permanent Magnet Production by Region: 2021-2026
- 5.2.2 Global EV Permanent Magnet Production Forecast by Region (2027-2032)
- 5.3 Global EV Permanent Magnet Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global EV Permanent Magnet Production Value by Region: 2021-2032
- 5.4.1 Global EV Permanent Magnet Production Value by Region: 2021-2026
- 5.4.2 Global EV Permanent Magnet Production Value Forecast by Region (2027-2032)
- 5.5 Global EV Permanent Magnet Market Price Analysis by Region (2021-2026)
- 5.6 Global EV Permanent Magnet Production and Value, YOY Growth
- 5.6.1 North America EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
6 Global EV Permanent Magnet Consumption by Region
- 6.1 Global EV Permanent Magnet Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global EV Permanent Magnet Consumption by Region (2021-2032)
- 6.2.1 Global EV Permanent Magnet Consumption by Region: 2021-2026
- 6.2.2 Global EV Permanent Magnet Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America EV Permanent Magnet Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe EV Permanent Magnet Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific EV Permanent Magnet Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa EV Permanent Magnet Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global EV Permanent Magnet Production by Type (2021-2032)
- 7.1.1 Global EV Permanent Magnet Production by Type (2021-2032) & (Tons)
- 7.1.2 Global EV Permanent Magnet Production Market Share by Type (2021-2032)
- 7.2 Global EV Permanent Magnet Production Value by Type (2021-2032)
- 7.2.1 Global EV Permanent Magnet Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global EV Permanent Magnet Production Value Market Share by Type (2021-2032)
- 7.3 Global EV Permanent Magnet Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global EV Permanent Magnet Production by Application (2021-2032)
- 8.1.1 Global EV Permanent Magnet Production by Application (2021-2032) & (Tons)
- 8.1.2 Global EV Permanent Magnet Production Market Share by Application (2021-2032)
- 8.2 Global EV Permanent Magnet Production Value by Application (2021-2032)
- 8.2.1 Global EV Permanent Magnet Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global EV Permanent Magnet Production Value Market Share by Application (2021-2032)
- 8.3 Global EV Permanent Magnet Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 EV Permanent Magnet Value Chain Analysis
- 9.1.1 EV Permanent Magnet Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 EV Permanent Magnet Production Mode & Process
- 9.2 EV Permanent Magnet Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 EV Permanent Magnet Distributors
- 9.2.3 EV Permanent Magnet Customers
10 Global EV Permanent Magnet Analyzing Market Dynamics
- 10.1 EV Permanent Magnet Industry Trends
- 10.2 EV Permanent Magnet Industry Drivers
- 10.3 EV Permanent Magnet Industry Opportunities and Challenges
- 10.4 EV Permanent Magnet Industry Restraints
11 Report Conclusion
12 Disclaimer
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