Selected research
Market Structure
Global EV Permanent Magnet Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
The global EV Permanent Magnet market is projected to grow from US$ million in 2026 to US$ million by 2032, implying a CAGR of % over 2026-2032.
The US & Canada market for EV Permanent Magnet is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The Europe market for EV Permanent Magnet is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for EV Permanent Magnet is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
The China market for EV Permanent Magnet is projected to increase 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 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 and Newland Magnetics, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
On the production side, the report examines EV Permanent Magnet output, growth rates, and market shares by manufacturer and by region (at regional and country level) for 2021-2026, with forecasts through 2032.
On the consumption side, the report analyzes sales of EV Permanent Magnet by region (regional and country level), company, type, and application for 2021-2026 and provides forecasts through 2032.
The report provides an overview of the global EV Permanent Magnet market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of EV Permanent Magnet and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents EV Permanent Magnet sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the EV Permanent Magnet market size, projected growth trends, production technologies, key applications, and end-use industries.
EV Permanent Magnet Segment 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
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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: Provides an overview of the EV Permanent Magnet market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global EV Permanent Magnet industry.
Chapter 3: Detailed analysis of EV Permanent Magnet market competition landscape. Including EV Permanent Magnet manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: 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 5: 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 6: 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 7: Production/Production Value of EV Permanent Magnet by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global EV Permanent Magnet Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global EV Permanent Magnet Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global EV Permanent Magnet Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global EV Permanent Magnet Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global EV Permanent Magnet Market Dynamics
- 2.1 EV Permanent Magnet Industry Trends
- 2.2 EV Permanent Magnet Industry Drivers
- 2.3 EV Permanent Magnet Industry Opportunities and Challenges
- 2.4 EV Permanent Magnet Industry Restraints
3 EV Permanent Magnet Market by Manufacturers
- 3.1 Global EV Permanent Magnet Production Value by Manufacturers (2021-2026)
- 3.2 Global EV Permanent Magnet Production 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 Market Competitive Analysis
- 3.8.1 Global EV Permanent Magnet Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 EV Permanent Magnet Players Market Share by Production Value in 2025
- 3.8.3 2025 EV Permanent Magnet Tier 1, Tier 2, and Tier 3
4 EV Permanent Magnet Market by Type
- 4.1 EV Permanent Magnet Type Introduction
- 4.1.1 NdFeB
- 4.1.2 SmCo
- 4.1.3 Others
- 4.2 Global EV Permanent Magnet Production by Type
- 4.2.1 Global EV Permanent Magnet Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global EV Permanent Magnet Production by Type (2021-2032)
- 4.2.3 Global EV Permanent Magnet Production Market Share by Type (2021-2032)
- 4.3 Global EV Permanent Magnet Production Value by Type
- 4.3.1 Global EV Permanent Magnet Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global EV Permanent Magnet Production Value by Type (2021-2032)
- 4.3.3 Global EV Permanent Magnet Production Value Market Share by Type (2021-2032)
5 EV Permanent Magnet Market by Application
- 5.1 EV Permanent Magnet Application Introduction
- 5.1.1 Commercial Vehicles
- 5.1.2 Passenger Vehicles
- 5.2 Global EV Permanent Magnet Production by Application
- 5.2.1 Global EV Permanent Magnet Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global EV Permanent Magnet Production by Application (2021-2032)
- 5.2.3 Global EV Permanent Magnet Production Market Share by Application (2021-2032)
- 5.3 Global EV Permanent Magnet Production Value by Application
- 5.3.1 Global EV Permanent Magnet Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global EV Permanent Magnet Production Value by Application (2021-2032)
- 5.3.3 Global EV Permanent Magnet Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 Yantai Zhenghai Magnetic Material CO. LTD.
- 6.1.1 Yantai Zhenghai Magnetic Material CO. LTD. Company Information
- 6.1.2 Yantai Zhenghai Magnetic Material CO. LTD. Business Overview
- 6.1.3 Yantai Zhenghai Magnetic Material CO. LTD. EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.1.4 Yantai Zhenghai Magnetic Material CO. LTD. EV Permanent Magnet Product Portfolio
- 6.1.5 Yantai Zhenghai Magnetic Material CO. LTD. Recent Developments
- 6.2 Hangzhou Permanent Magnet Group., Ltd.
- 6.2.1 Hangzhou Permanent Magnet Group., Ltd. Company Information
- 6.2.2 Hangzhou Permanent Magnet Group., Ltd. Business Overview
- 6.2.3 Hangzhou Permanent Magnet Group., Ltd. EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.2.4 Hangzhou Permanent Magnet Group., Ltd. EV Permanent Magnet Product Portfolio
- 6.2.5 Hangzhou Permanent Magnet Group., Ltd. Recent Developments
- 6.3 Viona Magnetics
- 6.3.1 Viona Magnetics Company Information
- 6.3.2 Viona Magnetics Business Overview
- 6.3.3 Viona Magnetics EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.3.4 Viona Magnetics EV Permanent Magnet Product Portfolio
- 6.3.5 Viona Magnetics Recent Developments
- 6.4 Vacuumschmelze GmbH & Co. KG
- 6.4.1 Vacuumschmelze GmbH & Co. KG Company Information
- 6.4.2 Vacuumschmelze GmbH & Co. KG Business Overview
- 6.4.3 Vacuumschmelze GmbH & Co. KG EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.4.4 Vacuumschmelze GmbH & Co. KG EV Permanent Magnet Product Portfolio
- 6.4.5 Vacuumschmelze GmbH & Co. KG Recent Developments
- 6.5 Tengam Engineering, Inc.
- 6.5.1 Tengam Engineering, Inc. Company Information
- 6.5.2 Tengam Engineering, Inc. Business Overview
- 6.5.3 Tengam Engineering, Inc. EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.5.4 Tengam Engineering, Inc. EV Permanent Magnet Product Portfolio
- 6.5.5 Tengam Engineering, Inc. Recent Developments
- 6.6 Daido Steel Co., Ltd
- 6.6.1 Daido Steel Co., Ltd Company Information
- 6.6.2 Daido Steel Co., Ltd Business Overview
- 6.6.3 Daido Steel Co., Ltd EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.6.4 Daido Steel Co., Ltd EV Permanent Magnet Product Portfolio
- 6.6.5 Daido Steel Co., Ltd Recent Developments
- 6.7 Electron Energy Corporation.
- 6.7.1 Electron Energy Corporation. Company Information
- 6.7.2 Electron Energy Corporation. Business Overview
- 6.7.3 Electron Energy Corporation. EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.7.4 Electron Energy Corporation. EV Permanent Magnet Product Portfolio
- 6.7.5 Electron Energy Corporation. Recent Developments
- 6.8 MP Materials
- 6.8.1 MP Materials Company Information
- 6.8.2 MP Materials Business Overview
- 6.8.3 MP Materials EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.8.4 MP Materials EV Permanent Magnet Product Portfolio
- 6.8.5 MP Materials Recent Developments
- 6.9 Newland Magnetics
- 6.9.1 Newland Magnetics Company Information
- 6.9.2 Newland Magnetics Business Overview
- 6.9.3 Newland Magnetics EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.9.4 Newland Magnetics EV Permanent Magnet Product Portfolio
- 6.9.5 Newland Magnetics Recent Developments
- 6.10 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd.
- 6.10.1 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Company Information
- 6.10.2 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Business Overview
- 6.10.3 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.10.4 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. EV Permanent Magnet Product Portfolio
- 6.10.5 Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Recent Developments
- 6.11 Yantai Dongxing Magnetic Materials Inc
- 6.11.1 Yantai Dongxing Magnetic Materials Inc Company Information
- 6.11.2 Yantai Dongxing Magnetic Materials Inc Business Overview
- 6.11.3 Yantai Dongxing Magnetic Materials Inc EV Permanent Magnet Production, Value and Gross Margin (2021-2026)
- 6.11.4 Yantai Dongxing Magnetic Materials Inc EV Permanent Magnet Product Portfolio
- 6.11.5 Yantai Dongxing Magnetic Materials Inc Recent Developments
7 Global EV Permanent Magnet Production by Region
- 7.1 Global EV Permanent Magnet Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global EV Permanent Magnet Production by Region (2021-2032)
- 7.2.1 Global EV Permanent Magnet Production by Region (2021-2026)
- 7.2.2 Global EV Permanent Magnet Production Forecast by Region (2027-2032)
- 7.3 Global EV Permanent Magnet Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global EV Permanent Magnet Production Value by Region (2021-2032)
- 7.4.1 Global EV Permanent Magnet Production Value by Region (2021-2026)
- 7.4.2 Global EV Permanent Magnet Production Value by Region (2027-2032)
- 7.5 Global EV Permanent Magnet Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America EV Permanent Magnet Production Value (2021-2032)
- 7.6.2 Europe EV Permanent Magnet Production Value (2021-2032)
- 7.6.3 Asia-Pacific EV Permanent Magnet Production Value (2021-2032)
- 7.6.4 South America EV Permanent Magnet Production Value (2021-2032)
- 7.6.5 Middle East & Africa EV Permanent Magnet Production Value (2021-2032)
8 Global EV Permanent Magnet Consumption by Region
- 8.1 Global EV Permanent Magnet Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global EV Permanent Magnet Consumption by Region (2021-2032)
- 8.2.1 Global EV Permanent Magnet Consumption by Region (2021-2026)
- 8.2.2 Global EV Permanent Magnet Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America EV Permanent Magnet Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe EV Permanent Magnet Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific EV Permanent Magnet Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America EV Permanent Magnet Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa EV Permanent Magnet Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa EV Permanent Magnet Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 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 Manufacturing Cost Structure
- 9.1.4 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 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst