Malaysia Permanent Magnets Market (2021-2027) | Share, Forecast, Analysis, Outlook, COVID-19 IMPACT, Companies, Industry, Value, Growth, Revenue, Trends & Size

Malaysia Permanent Magnets Market Synopsis

The Malaysia Permanent Magnets Market is expected to register a CAGR of 6.2% during the forecast period 2021-2027. Major factors driving the market studied are increasing demand for electric vehicles and growing use in consumer electronics, among others. On the flip side, strict government regulations pertaining to rare earth materials used in magnet production and high cost associated with permanent magnets are likely to hinder the growth of the market studied

Key Growth Drivers of The Market

The automotive industry has been witnessing significant growth due to increased sales of hybrid and electric vehicles across Asia Pacific countries such as China, India, Japan, South Korea, Thailand and Malaysia over recent years. This trend is expected to continue over the forecast period owing to various government initiatives such as subsidies on green vehicle purchases within these countries. For instance, under its National Automotive Policy (NAP) 2020 framework in February 2020?s budget announcement Malaysia plans revised incentives designed to allow manufacturers full flexibility in determining their investment strategy including additional tax exemptions based on certain criteria related with R&D investments made by OEMs into expanded manufacturing activities.. Further developments under NAP 2020 also include an additional US$935 million allocated towards continued incentive programs for both hybrid & electric cars which include rebate grant equivalent up to 10 percent off RM 100000 per unit . Such initiatives would significantly boost usage of permanent magnets within this sector thus driving overall market forward over coming years

Key Highlights of the Report:

• Malaysia Permanent Magnets Market Outlook
• Market Size of Malaysia Permanent Magnets Market, 2020
• Forecast of Malaysia Permanent Magnets Market, 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Revenues & Volume for the Period 2023 - 2027
• Malaysia Permanent Magnets Market Trend Evolution
• Malaysia Permanent Magnets Market Drivers and Challenges
• Malaysia Permanent Magnets Price Trends
• Malaysia Permanent Magnets Porter's Five Forces
• Malaysia Permanent Magnets Industry Life Cycle
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Material for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Ferrite for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Neodymium Iron Boron (NdFeB) for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Aluminium Nickel Cobalt (Alnico) for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Samarium Cobalt (SmCo) for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Applications for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Automotive for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Consumer Goods & Electronics for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Industrial for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Aerospace & Defense for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Energy for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Medical for the Period 2023 - 2027
• Historical Data and Forecast of Malaysia Permanent Magnets Market Revenues & Volume By Others for the Period 2023 - 2027
• Malaysia Permanent Magnets Import Export Trade Statistics
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By Applications
• Malaysia Permanent Magnets Top Companies Market Share
• Malaysia Permanent Magnets Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Permanent Magnets Company Profiles
• Malaysia Permanent Magnets Key Strategic Recommendations

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