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Europe Rare Earth Magnet for Electric Vehicle Motor market size was valued at US$ 1.62 billion in 2024 and is projected to reach US$ 3.37 billion by 2030, at a CAGR of 13.0% during the forecast period 2024-2030.
 

High-performance magnets for all types of electric vehicle motors.
Passenger EVs represent 78% of demand. Germany maintains 43% market share. Commercial EV segment growing at 15.5% annually.

Report Includes

This report is an essential reference for who looks for detailed information on Europe Rare Earth Magnet for Electric Vehicle Motor. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors¡¯ information. In addition to the data part, the report also provides overview of Rare Earth Magnet for Electric Vehicle Motor, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

This report aims to provide a comprehensive presentation of the Europe Rare Earth Magnet for Electric Vehicle Motor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rare Earth Magnet for Electric Vehicle Motor. This report contains market size and forecasts of Rare Earth Magnet for Electric Vehicle Motor in Europe, including the following market information:
We surveyed the Rare Earth Magnet for Electric Vehicle Motor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

• Germany
• United Kingdom
• France
• Italy
• Spain
• Netherlands
• Belgium

by Products type:

• Sintered Neodymium Magnet
• Bonded Neodymium Magnet
• Others

by Application:

• BEVs
• PHEVs
• HEVs

key players include: (At least 8-10 companies included)

• Vacuumschmelze (VAC)
• Arnold Magnetic Technologies
• Lynas Rare Earths Ltd.
• Umicore
• Solikamsk Magnesium Works
• Neorem Magnets
• Shin-Etsu Rare Earth Magnets
• Ningbo Yunsheng Co. Ltd.
• Beijing Zhong Ke San Huan Hi-Tech Co. Ltd.
• TDK Corporation
• Including or excluding key companies relevant to your analysis.

FAQs on Rare Earth Magnet for Electric Vehicle Motor Market

1. What is the size of the European Rare Earth Magnet for Electric Vehicle Motor market in 2024?

The European Rare Earth Magnet for Electric Vehicle Motor market is valued at US$ 1.62 billion in 2024.

2. What is the projected market size of the European Rare Earth Magnet for Electric Vehicle Motor market by 2030?

The market is expected to reach US$ 3.38 billion by 2030.

3. What factors are driving the growth of the Rare Earth Magnet for Electric Vehicle Motor market?

Key drivers include:

• Increasing adoption of electric vehicles (EVs) in Europe.

• Rising demand for energy-efficient and high-performance EV motors.

• Government initiatives and incentives to promote EV adoption.

4. Why are rare earth magnets important for electric vehicle motors?

Rare earth magnets, such as neodymium and samarium-cobalt magnets, are essential for EV motors due to their:

• High magnetic strength.

• Compact size.

• Efficiency in improving motor performance and reducing energy consumption.

5. Which countries in Europe are leading in the Rare Earth Magnet for Electric Vehicle Motor market?

Major contributors include Germany, France, and the UK, driven by their strong automotive industries and increasing EV adoption.

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Rare Earth Magnet for Electric Vehicle Motor revenues in Europe market, 2019-2024 (Estimated), ($ millions)
• Key companies Rare Earth Magnet for Electric Vehicle Motor revenues share in Europe market, 2023 (%)
• Key companies Rare Earth Magnet for Electric Vehicle Motor sales in Europe market, 2019-2024 (Estimated),
• Key companies Rare Earth Magnet for Electric Vehicle Motor sales share in Europe market, 2023 (%)

Key Points of this Report:

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Europe and country-wise market of Rare Earth Magnet for Electric Vehicle Motor
• It describes present situation, historical background and future forecast
• Comprehensive data showing Rare Earth Magnet for Electric Vehicle Motor capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on Rare Earth Magnet for Electric Vehicle Motor manufacturers
• Rare Earth Magnet for Electric Vehicle Motor forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.