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Report overview

The global Rare Earth Magnet for Electric Vehicle Motor market size is estimated to be $1.98 billion in 2023, and will reach $6.5 billion by 2032, growing at a CAGR of 14.1% during the forecast period from 2024 to 2032.

This report studies the Rare Earth Magnet for Electric Vehicle Motor market, covering market size for segment by type (Sintered Neodymium Magnet, Bonded Neodymium Magnet, etc.), by application (BEVs, PHEVs, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Zhong Ke San Huan, Ningbo Yunsheng, JL MAG, ZHmag, Proterial (Hitachi Metals), etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).

This report provides detailed historical analysis of global market for Rare Earth Magnet for Electric Vehicle Motor from 2018-2023, and provides extensive market forecasts from 2024-2032 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Rare Earth Magnet for Electric Vehicle Motor market.

Leading Players of Rare Earth Magnet for Electric Vehicle Motor including:

  • Zhong Ke San Huan
  • Ningbo Yunsheng
  • JL MAG
  • ZHmag
  • Proterial (Hitachi Metals)
  • Innuovo Magnetics
  • Shin-Etsu Chemical
  • Yantai Dongxing (YSM)
  • TDK
  • Earth-Panda
  • Vacuumschmelze (VAC)
  • Jingci Material Science
  • Chengdu Galaxy Magnets
  • Ningbo Jinji
  • Zhejiang Zhongyuan Magnetic
  • Zhejiang Zhongke Magnetic
  • Tianhe Magnetics
  • Including or excluding key companies relevant to your analysis.

Market split by Type:

  • Sintered Neodymium Magnet
  • Bonded Neodymium Magnet
  • Others


Market split by Application:

  • BEVs
  • PHEVs
  • HEVs


Market split by Sales Channel:

  • Direct Channel
  • Distribution Channel


Market split by Region/Country:

  • North America (United States and Canada)
  • Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
  • South America (Brazil, Mexico, and Argentina, etc.)
  • Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)


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