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The global Bonded Magnet market garnered revenue around USD 20.74 Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 5.9% throughout the estimate period from 2020 to 2027.
Negative ramifications of the coronavirus (COVID-19) outbreak are reflecting in economic activities of the bonded magnet market. Bonded magnets have opened up a plethora of applications, but the pandemic has caused a slowdown in the world economy. International trade has been affected due to heavy taxes on import and export duties. Transportation regulations are also affecting growth of the bonded magnet market. Hence, manufacturers are developing contingency plans to ascertain future risks.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Bonded Magnet market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Bonded Magnet market growth.
The global Bonded Magnet market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
Advanced Technology Materials Co. Ltd.
Arnold Magnetic Technologies
Magnequench International
LLC
Alliance LLC
DEXTER MAGNETIC TECHNOLOGIES
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Based on application, the global bonded magnet market has been divided into automotive & transportation, electrical & electronics, industrial, medical, power generation, military & aerospace, and others
The electrical & electronics segment is expected to dominate the global bonded magnet market during the forecast period. Bonded magnets are being employed in most electronic devices on a large scale due to their better performance as well as cost-effectiveness vis--vis substitutes such as sintered magnets. Bonded magnets are major components of all forms of motors and sensors, which are key components in any electronic device.
The trend of bonded magnets being employed in electronics and electrical devices is projected to increase in the near future due to various benefits that are offered by bonded magnets
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
North America
? U.S.
? Canada
Europe
? Germany
? U.K.
? Italy
? France
? Rest of EU
Asia Pacific
? China
? India
? Japan
? Southeast Asia
? Rest of APAC
Central & South America
? Brazil
? Argentina
? Rest of Central & South America
Middle East and Africa
? UAE
? Saudi Arabia
? Rest of MEA