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Viesearch·
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@marketsizeeditor·
Global Permanent Magnets: Market Summary, Competitive Analysis and Forecast to 2030
Global Permanent Magnets industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Key Highlights - A permanent magnet generates its magnetic field through the internal structure of the material, and it retains its magnetism, even after being separated from an external magnetic field. The market value represents the revenue generated by market players in a specific year. Market volume refers to the amount of permanent magnets consumed by end-user industries. - The global permanent magnets market recorded a revenue of $29.1 billion in 2025, and the value increased with a CAGR of 7.3% between 2020 and 2025. - Market consumption volume increased with a CAGR of 6.3% between 2020 and 2025, reaching a total of 1,511,311.8 tons in 2025. - In 2025, the revenue of the global permanent magnets market experienced an annual growth of 8.3%, driven by the rising GDP. According to the World Bank, in 2025, China recorded a real GDP annual growth of 4.9%.