Market Forecast by Countries (United States, Canada), By Product Types (Semi-hard Magnet, Soft Magnet, Hard Magnet), By Applications (Automotive, Electronics, Industrial, Power Generation, Others) And Competitive Landscape
Product Code: ETC059228 | Publication Date: May 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Magnetic Materials Market is estimated to gain traction in the coming timeframe on the back of rising potential growth of the automotive industry. With the growing manufacturing of light vehicles across the region due to a spur in the domestic purchase along with the rising export practices, where the neighboring countries like Mexico and Canada are the top exporting countries of the United States. As a result, the demand for different metals has been rising that is further used in different automobile components like the gearbox, pollution control, and alternators are one of the factors boosting the growth of the North America magnetic materials market in the coming timeframe.
North America Magnetic Materials Market is anticipated to register growth in the coming years. They are generally made up of iron, nickel, cobalt, aluminium, and some alloys of rare-earth metals. With travel restrictions and lockdown situations in most countries, have been closed, and several events have also been canceled, badly affecting magnetic materials industry players in North America. The international trade fairs were also canceled due to lockdowns in several regions of the world. Moreover, key industry participants like the TDK Corporation have sent their workers to quarantine and also started to work with reduced workforce strength.
According to 6Wresearch, North America Magnetic Materials Market is expected to witness growth throughout the forecast period 2021-2027. The regions where the magnetic material market is in a boom in North America are the United States, Canada, and Mexico, the major countries driving the soft magnetic materials market in the region. The automobile industry in North America is witnessing exponential growth. The annual production of automobiles in North America has exceeded the combined production of Japan, and the European countries, since 2009. Companies such as Hitachi Metals Co. Ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), Daido Steel Company Ltd (Japan), Steward Advanced Materials (U.S.), syntax a/s (Denmark), are the leading market players in the global soft magnetic materials market.
North America was the third-largest regional segment accounting for a revenue share of over 14.0% in 2019. The growth is majorly from the U.S. The country is a major consumer of electric motors, which is extensively used in several industrial applications such as pumping, compressed air, fans, refrigeration, material processing, and handling. On the basis of types, the Magnetic Materials Market from 2015 to 2023 is primarily split into Soft Magnetic Materials, Permanent Magnetic Materials, and Semi-Hard Magnetic Materials. On the basis of applications, the Magnetic Materials Market from 2015 to 2025 covers: Automotive, Electrical and Electronics, telecommunications, Energy, and Power Others.
The North America magnetic materials market report thoroughly covers the market by applications, product type, and countries including United States, Canada. North- American magnetic market outlook report provides an unbiased and detailed analysis of the Ongoing market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Magnetic Materials Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Magnetic Materials Market Revenues & Volume, 2020 & 2027F |
3.3 North America Magnetic Materials Market - Industry Life Cycle |
3.4 North America Magnetic Materials Market - Porter's Five Forces |
3.5 North America Magnetic Materials Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Magnetic Materials Market Revenues & Volume Share, By Product Types, 2020 & 2027F |
3.7 North America Magnetic Materials Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 North America Magnetic Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Magnetic Materials Market Trends |
6 North America Magnetic Materials Market, 2017-2027 |
6.1 North America Magnetic Materials Market, Revenues & Volume, By Product Types, 2017-2027 |
6.2 North America Magnetic Materials Market, Revenues & Volume, By Applications, 2017-2027 |
7 United States Magnetic Materials Market, 2017-2027 |
7.1 United States Magnetic Materials Market, Revenues & Volume, By Product Types, 2017-2027 |
7.2 United States Magnetic Materials Market, Revenues & Volume, By Applications, 2017-2027 |
8 Canada Magnetic Materials Market, 2017-2027 |
8.1 Canada Magnetic Materials Market, Revenues & Volume, By Product Types, 2017-2027 |
8.2 Canada Magnetic Materials Market, Revenues & Volume, By Applications, 2017-2027 |
9 North America Magnetic Materials Market Key Performance Indicators |
10 North America Magnetic Materials Market - Opportunity Assessment |
10.1 North America Magnetic Materials Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Magnetic Materials Market Opportunity Assessment, By Product Types, 2020 & 2027F |
10.3 North America Magnetic Materials Market Opportunity Assessment, By Applications, 2020 & 2027F |
11 North America Magnetic Materials Market - Competitive Landscape |
11.1 North America Magnetic Materials Market Revenue Share, By Companies, 2020 |
11.2 North America Magnetic Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |