Global Forces Shaping the Permanent Magnet Market (2025–2031)

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The Permanent Magnet Market size is expected to reach US$ 47,309.65 million by 2031 from US$ 25,035.19 million in 2024. The market is estimated to record a CAGR of 10.0 % from 2025 to 2031.

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Permanent Magnet Market Outlook (2021-2031) by Type, Application, and Geography

Permanent Magnet Market was valued at US$ 25,035.19 Million in 2024 and is projected to reach US$ 47,309.65 Million by 2031 with a CAGR of 10.0 % from 2025 to 2031 segmented into Type, Application, Geography.