希土類磁石の世界市場：タイプ別、エンドユーザー別、地域別、機会、予測、2018年～2032年

世界の希土類磁石の市場規模は、2025年～2032年の予測期間中に7.43%のCAGRで拡大し、2024年の183億2,000万米ドルから2032年には325億1,000万米ドルに成長すると予測されています。希土類磁石市場は、電気自動車（EV）の急速な普及と先進家電の普及により、近年大きな成長を遂げており、今後も堅調な拡大ペースを維持すると予想されます。希土類磁石は、主にネオジム、サマリウム、ジスプロシウムなどの合金でできており、その絶大な磁力で最もよく知られています。希土類磁石は、現代の幅広い用途に使用することができます。EV産業では、希土類磁石は高性能モーターや回生ブレーキシステムの製造に使用され、市場全体の需要を促進しています。さらに、再生可能エネルギーインフラ、特に効率的なエネルギー伝達のために強力で耐久性のある磁石を必要とする風力タービンの設置も、希土類磁石市場の成長を支えています。希土類磁石にはさまざまな用途があるため、需要の高まりに対応するため、製造企業は新しい生産工場に投資しています。

例えば、2025年4月、Solvay S.A.はフランスのラ・ロシェル工場に永久磁石用のレアアース生産ラインを開設することを決定しました。永久磁石用レアアースの商業生産は、電気自動車用モーター、再生可能エネルギー、先端エレクトロニクス、防衛システムに不可欠な部品です。この施設では、重要原材料法で義務付けられている通り、多様なサプライヤーや採掘パートナーからレアアースやリサイクル材料を調達します。この開発により、同社は今後数年間、希土類磁石市場の世界的リーダーとしての地位を確立することになります。

民生用電子機器業界は、高性能で製品を小型化するために先端材料への需要を高めており、これが今後数年間の希土類磁石業界の成長につながります。さらに、モーター、センサー、アクチュエーターなど数多くの部品の製造に材料が適用されるため、産業オートメーションや医療機器に関連する今後の開発が市場開拓に貢献します。さらに、希土類磁石は防衛システムや兵器に使用され、市場の需要を牽引しています。つまり、継続的な技術革新と開発、世界のエネルギー需要の増加、防衛システムのアップグレード、持続可能性への継続的な動きが希土類磁石市場の成長を促進しています。

例えば、2024年3月に米国国防総省は、米国の重要な軍事兵器システムで使用される永久磁石の製造に必要な希土類材料と磁石への継続的なアクセスを確保するため、国内のサプライチェーンの開発を検討しています。この開発は、希土類磁石の需要が今後数年間で増加することを浮き彫りにしています。

新興国市場でも先進国市場でも、EVの需要はかなりの割合で増加しており、市場におけるコンポーネントの生産が拡大しています。電気自動車（EV）の複数のメーカーが、高性能電気モーターの製造に使用できる先端材料を探しています。メーカーは希土類磁石、特にネオジム-鉄-ボロン（NdFeB）磁石を採用しており、この材料は電気モーターの効率を向上させる能力があるため、今後数年間の希土類磁石市場規模を押し上げることになります。

たとえば、2025年には最初の5ヵ月だけで720万台が販売され、中国や欧州などの主要市場で電動化のペースが加速しています。両国におけるEVの採用は、政府の支援政策、充電インフラの拡大、消費者の受容の高まりによって推進されており、EVの生産を後押ししているため、市場における希土類磁石の需要を促進しています。

別の例では、インドでは2025年6月に、電気乗用車がインド全体の乗用車販売台数の4%以上を占め、前年同期の2.6%から大幅に増加しました。さらに、2025年5月の電気自動車小売販売台数は1万2,304台に達し、2024年同月の8,029台と比較しました。4月の販売台数は約1万2,233台で、国内におけるEVの需要が前月比で安定していることを示しています。この開発により、同国におけるEV需要の高まりが浮き彫りになり、同市場における希土類磁石の需要を牽引することになります。

さらに、モーター、回生ブレーキシステム、補助部品を製造するために、EV1台あたり通常数キログラムの材料が必要になるため、EV需要の急増は希土類磁石の需要を直接後押しします。さらに、EV企業はEVポートフォリオを拡大しており、対応可能な希土類磁石市場規模をさらに拡大しています。同様に、バス、二輪車、三輪車、商用車など、他の車両セグメントも電動化されるため、希土類磁石市場の動向は予測期間中に上向きになると思われます。排ガス規制の強化や、よりクリーンな輸送手段に対する消費者の需要が、市場における先進的な永久磁石モーターの需要を促進するためです。結局のところ、EV市場の拡大と希土類磁石消費の相乗効果は、グリーンモビリティへの移行を推進することにより、希土類磁石市場シェアの成長に貢献するため、決定的な特徴であり続けると予想されます。

当レポートでは、世界の希土類磁石市場について調査し、市場の概要とともに、タイプ別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 米国の関税の影響

第4章 エグゼクティブサマリー

第5章 顧客の声

第6章 世界の希土類磁石市場の見通し、2018年～2032年

• 市場規模分析と予測
• 市場シェア分析と予測
  • タイプ別
    • ネオジム磁石（NdFeB）
    • サマリウムコバルト磁石（SmCo）
  • エンドユーザー別
    • 自動車産業
    • 発電
    • 医療
    • 家電
    • その他
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋
    • 南米
    • 中東・アフリカ
  • 企業別市場シェア分析（上位5社およびその他- 金額別、2024年）
• 2024年の市場マップ分析

第7章 北米の希土類磁石市場の見通し、2018年～2032年

• 市場規模分析と予測
• 市場シェア分析と予測
• 国別市場評価
  • 米国
  • カナダ
  • メキシコ

第8章 欧州の希土類磁石市場の見通し、2018年～2032年

• ドイツ
• フランス
• イタリア
• 英国
• ロシア
• オランダ
• スペイン
• トルコ
• ポーランド

第9章 アジア太平洋の希土類磁石市場の見通し、2018年～2032年

• インド
• 中国
• 日本
• オーストラリア
• ベトナム
• 韓国
• インドネシア
• フィリピン

第10章 南米の希土類磁石市場の見通し、2018年～2032年

• ブラジル
• アルゼンチン

第11章 中東・アフリカの希土類磁石市場の見通し、2018年～2032年

• サウジアラビア
• アラブ首長国連邦
• 南アフリカ

第12章 需要供給分析

第13章 輸出入の分析

第14章 バリューチェーン分析

第15章 ポーターのファイブフォース分析

第16章 PESTLE分析

第17章 価格分析

第18章 市場力学

• 市場の促進要因
• 市場の課題

第19章 市場動向と発展

第20章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要企業トップ10の情勢
  • Ningbo Zhaobao Magnet Co., Ltd.
  • Zhejiang Sheensen Magnetics Technology Co. Ltd.
  • Ningbo Tongchuang Magnetic Materials Co., Ltd.
  • MP Materials Corp.
  • Rare Earth Magnetics Private Limited
  • Star Trace Solutions Private Limited
  • Ningbo Yunsheng Co., Ltd.
  • Neo Performance Materials Inc.
  • Ningbo Ninggang Permanent Magnetic Materials Co., Ltd.
  • Hangzhou Permanent Magnet Group. Ltd.

第21章 戦略的提言

第22章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. Global Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 2. Global Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 3. Global Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 4. Global Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 5. Global Rare Earth Magnets Market Share (%), By Region, 2018-2032F
• Figure 6. North America Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 7. North America Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 8. North America Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 9. North America Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 10. North America Rare Earth Magnets Market Share (%), By Country, 2018-2032F
• Figure 11. United States Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 12. United States Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 13. United States Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 14. United States Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 15. Canada Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 16. Canada Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 17. Canada Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 18. Canada Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 19. Mexico Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 20. Mexico Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 21. Mexico Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 22. Mexico Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 23. Europe Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 24. Europe Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 25. Europe Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 26. Europe Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 27. Europe Rare Earth Magnets Market Share (%), By Country, 2018-2032F
• Figure 28. Germany Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 29. Germany Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 30. Germany Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 31. Germany Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 32. France Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 33. France Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 34. France Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 35. France Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 36. Italy Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 37. Italy Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 38. Italy Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 39. Italy Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 40. United Kingdom Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 41. United Kingdom Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 42. United Kingdom Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 43. United Kingdom Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 44. Russia Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 45. Russia Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 46. Russia Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 47. Russia Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 48. Netherlands Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 49. Netherlands Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 50. Netherlands Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 51. Netherlands Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 52. Spain Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 53. Spain Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 54. Spain Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 55. Spain Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 56. Turkey Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 57. Turkey Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 58. Turkey Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 59. Turkey Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 60. Poland Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 61. Poland Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 62. Poland Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 63. Poland Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 64. South America Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 65. South America Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 66. South America Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 67. South America Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 68. South America Rare Earth Magnets Market Share (%), By Country, 2018-2032F
• Figure 69. Brazil Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 70. Brazil Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 71. Brazil Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 72. Brazil Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 73. Argentina Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 74. Argentina Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 75. Argentina Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 76. Argentina Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 77. Asia-Pacific Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 78. Asia-Pacific Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 79. Asia-Pacific Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 80. Asia-Pacific Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 81. Asia-Pacific Rare Earth Magnets Market Share (%), By Country, 2018-2032F
• Figure 82. India Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 83. India Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 84. India Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 85. India Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 86. China Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 87. China Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 88. China Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 89. China Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 90. Japan Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 91. Japan Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 92. Japan Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 93. Japan Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 94. Australia Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 95. Australia Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 96. Australia Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 97. Australia Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 98. Vietnam Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 99. Vietnam Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 100. Vietnam Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 101. Vietnam Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 102. South Korea Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 103. South Korea Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 104. South Korea Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 105. South Korea Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 106. Indonesia Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 107. Indonesia Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 108. Indonesia Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 109. Indonesia Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 110. Philippines Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 111. Philippines Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 112. Philippines Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 113. Philippines Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 114. Middle East & Africa Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 115. Middle East & Africa Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 116. Middle East & Africa Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 117. Middle East & Africa Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 118. Middle East & Africa Rare Earth Magnets Market Share (%), By Country, 2018-2032F
• Figure 119. Saudi Arabia Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 120. Saudi Arabia Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 121. Saudi Arabia Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 122. Saudi Arabia Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 123. UAE Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 124. UAE Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 125. UAE Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 126. UAE Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 127. South Africa Rare Earth Magnets Market, By Value, In USD Billion, 2018-2032F
• Figure 128. South Africa Rare Earth Magnets Market, By Volume, in Thousand Tons, 2018-2032F
• Figure 129. South Africa Rare Earth Magnets Market Share (%), By Type, 2018-2032F
• Figure 130. South Africa Rare Earth Magnets Market Share (%), By End-user, 2018-2032F
• Figure 131. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 132. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2024
• Figure 133. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2024

Global rare earth magnets market is projected to witness a CAGR of 7.43% during the forecast period 2025-2032, growing from USD 18.32 billion in 2024 to USD 32.51 billion in 2032. The rare earth magnets market has experienced significant growth in recent years due to the rapid adoption of electric vehicles (EVs) and proliferation of advanced consumer electronics is expected to maintain a strong pace of expansion in the coming years. The rare earth magnets, mainly made of alloys like neodymium, samarium, and dysprosium, which are best known for their immense magnetic strength. Rare earth magnets can be employed in an extensive range of contemporary uses. In EV industry, the rare earth magnets are employed for producing high-performance motors and regenerative braking system that fuels its demand across the market. Furthermore, the installation of renewable energy infrastructure, especially wind turbines which require strong, hard-wearing magnets for efficient energy transfer, also supports the growth of the rare earth magnets market. As rare earth magnets have several applications so to fulfil the rising demand manufacture are investing in new production plants.

For instance, in April 2025, Solvay S.A. has decided to open its rare earths production line for permanent magnets at the La Rochelle facility, France which mark a significant milestone in the Group's commitment to meeting Europe's strategic goals. The commercial production of rare earths for permanent magnets is essential components in electric vehicle motors, renewable energy, advanced electronics and defense systems. The facility will source rare earths and recycled materials from a diverse range of suppliers and mining partners, as mandated by the Critical Raw Materials Act. This development will help the company to position as a global leader in the rare earth magnets market in the coming years.

The consumer electronics industry is increasing the demand for advanced materials to miniaturize its products with high performance, which leads to the rare earth magnets industry's growth in the coming years. Further, the upcoming developments pertaining to industrial automation and medical devices contribute to market growth as materials are applied in manufacturing numerous components like motors, sensors, and actuators. In addition, rare earth magnets are used in defense systems and weapons which drive demand in the market. In short, the continuous innovation and development, advancing world energy demands, defense system upgrades and the ongoing move toward sustainability are driving the rare earth magnets market growth.

For instance, in March 2024, United States Department of Defense is looking to develop domestic supply chains to ensure continued access to the rare earth materials and magnets needed to manufacture the permanent magnets which are used in important United States military weapons systems. This development highlights that the demand for rare earth magnets to increase in the coming years.

Rapid Growth in EV Production Amplifying the Market size.

Both in developing and developed nations, the demand for EVs rises on a significant rate which amplifies the production of the component in the market. Several manufacturers of electric vehicles (EV) are looking for advanced materials which could be used to produce high-performance electric motors. Manufacturers are adopting the rare earth magnets, particularly neodymium-iron-boron (NdFeB) magnets as material has the ability to improve the efficiency of the electric motor which boosts rare earth magnets market size in the coming years.

For instance, in 2025, 7.2 million units sold in the first five months alone, highlighting the accelerating pace of electrification across major markets such as China and Europe. The adoption of EVs in both countries is driven by supportive government policies, expanding charging infrastructure, and growing consumer acceptance which is boosting the production of EV thereby driving the demand for rare earth magnets in the market.

In another instance, in June 2025, In India, electric passenger vehicles captured more than 4 per cent of India's total passenger car sales in May 2025, representing a substantial increase from the 2.6 per cent market share recorded in the corresponding period last year. Moreover, retail sales reached 12,304 electric cars in May 2025, compared to 8,029 units sold during the same month in 2024. April sales are approx. 12,233 units, showing month-on-month stability in demand of EV in the country. This development highlights the rising demand for EVs in the country which will drive the demand for rare earth magnets in the market.

Furthermore, with the surge in EV demand directly boost the demand or rare earth magnets, as each EV typically requires several kilograms of material for manufacturing motors, regenerative braking systems, and auxiliary components. Moreover, EV companies are expanding the EV portfolio which further broadens the addressable rare earth magnets market size. Similarly, the electrification of other vehicle segments such as buses, two- and three-wheelers, and commercial fleets will take rare earth magnets market trends upwards in the forecast period. As stricter emissions regulations and consumer demand for cleaner transport, drive the demand for advanced permanent magnet motors in the market. Ultimately, the synergy between EV market expansion and rare earth magnet consumption is expected to remain a defining feature due to the push towards green mobility transition thereby contributing to the growth of rare earth magnets market share.

Rising Demand for Advanced Consumer Electronics Gadgets Creates Market Opportunity

Consumers around the global are seek devices which are more compact, lightweight, and feature-rich electronic gadgets such as smartphones, laptops, hard disk drives, speakers, and headphones. Manufacturers of consumer electronics are adopting advanced materials primarily neodymium-based alloys for miniaturization and enhanced performance of the products which creates an opportunity for rare earth magnets market to grow in the coming years.

For instance, as per the National Bureau of Statistics (NBS) report in 2024, China's mobile phone production was 1.68 billion units, up 7.3% YoY, and the demand for NdFeB was around 3,362 mt. In 2024, the government came up with the "national subsidy" policy which provided generous purchase subsidies for consumers, significantly stimulating market demand. This development highlights that the government is also supporting the in-house manufacturing which drives the demand for rare earth magnets in the coming years.

These magnets enable high-quality audio, haptic feedback, and efficient power management in ever-smaller form factors thus driving its demand in the market. Moreover, the trend toward miniaturization, portability and multifunctionality in consumer gadgets has made rare earth magnets a critical material for the sector. The rare earth magnets support technological innovation with the integration of advanced features without compromising device size due to which the demand for rare earth magnets is increasing in the market. As per the rare earth magnets market forecast, the adoption of smart home devices, wireless accessories, and next-generation wearables creates opportunities for market growth in the forecast period. In summary, the accelerating evolution of consumer electronics with several smarter, sleeker features is boosting the rare earth magnets market size.

Dominance of Neodymium Magnets (NdFeB) Segment in the Global Market

The demand for neodymium magnets (NdFeB) is increasing in the market as it is used in the electric vehicle (EV) sector. As automakers are moving towards the transition to clean mobility the demand for neodymium magnets (NdFeB) is growing rapidly in the global market. For the production of each EV typically requires between 2-5 kg of neodymium magnets for high-efficiency traction motors, with premium models using even more thereby the demand for neodymium magnets (NdFeB) segment will in increase in the coming years. Simultaneously, neodymium magnets (NdFeB) are high used in the production of wind turbines so with the global push for decarbonization and the expansion of wind power capacity will boost the demand for the segment in the forecast period.

The magnets enable high performance in increasingly smaller and lighter devices, meeting consumer expectations for advanced features and portability. Additionally, industrial automation, robotics, and medical devices use NdFeB magnets for their power, efficiency, and reliability. Ongoing technological innovation in magnet manufacturing, coupled with rising investments in energy storage, smart infrastructure, and sustainable technologies, further expands neodymium magnets (NdFeB) application opportunities.

Asia-Pacific Dominates Global Market

The demand for rare earth magnets is rapidly increasing in the Asia-Pacific region, driven by several factors such as growth in the electric vehicle (EV) sector and government support for in house production. The region is the hub of developing countries in which the investment in production activities is infused on regular intervals thus drive the demand for rare earth magnets in the market. As with the rising adoption of the EV in India and China as boosted the EV component production in the country which contributing to the large demand for the high-quality rare-earth magnets material in the market.

Moreover, government initiatives regarding the promotion of EV adoption and renewable energy have created a positive environment for rare earth magnet consumption. The rare earth magnets are highly used in the production of high-performance motors, wind turbines, and energy-efficient industrial machinery. Moreover, the production of consumer electronics which mainly relies on miniaturized, powerful magnets, has boosted the demand for rare earth magnets in the Asia-Pacific region. Advanced technological capabilities, cost-effective production, and heavy investment in infrastructure have solidified the region's dominance, making Asia-Pacific the largest producer and largest consumer of rare earth magnets in the world. Moreover, the production of rare earth materials is increasing in the region to support the rare earth magnet market growth.

For instance, in 2024, China's domestic output of rare earths was 270,000 metric tons in 2024 which is up from 255,000 metric tons from 2023. This development highlights that the country is increasing the production of rare earth metals which is further used to manufacture rare earth magnets, to fulfil the rising demand in the global market.

Impact of United States Tariff on Global Rare Earth Magnets Market

The tariffs and export restrictions led to a sharp drop (up to 75%) in rare earth magnet exports from China in the months following the policy changes, resulting in production halts and slowdowns at major automakers and electronics companies worldwide.

The United States imposed steep tariffs on rare earth magnets up to 125% in April 2025, raising import costs substantially and forcing United States suppliers and manufacturers to increase prices for end users.

The price volatility and uncertainty prompted efforts to diversify supply, including new investments in domestic rare earth mining and magnet manufacturing in the United States, however, building such capacity is expected to take years.

United States and European companies experienced acute shortages, with some factories facing imminent production cuts due to a lack of magnet supplies, highlighting the vulnerability of global supply chains.

For instance, On April 4, 2025, the China announced the implementation of export control policies for medium-heavy rare earth metals, which partially affected the rare earth magnets market.

Key Players Landscape and Outlook

To increase revenue and market share in the global rare earth magnet market, leading players are investing heavily in research and development. Companies are also diversifying supply chains to reduce dependence on single-source countries and mitigate geopolitical risks. Strategic moves include adopting advanced manufacturing techniques, developing alternative magnetic materials and recycling initiatives to address environmental concerns and cost pressures. Additionally, companies are forming alliances and partnerships for technology sharing and expanding production capacity in emerging markets to capture new demand. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in July 2023, NEO Performance Materials decided to build rare earth magnet manufacturing facility in Europe designed to produce specialized rare earth permanent magnets for use in electric vehicles, wind turbines, and other clean energy technologies. Based in Narva, Estonia, the plant expects to begin production of permanent rare earth magnets in 2025 sufficient to support the manufacturing of approximately 1.5 million electric cars. This development highlights that companies are increasing production capacity to fulfil rising needs.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customer

• 5.1. Respondent Demographic
• 5.2. Factors Considered in Purchase Decisions
• 5.3. Unmet Needs

6. Global Rare Earth Magnets Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. Neodymium Magnets (NdFeB)
    • 6.2.1.2. Samarium-Cobalt Magnets (SmCo)
  • 6.2.2. By End-user
    • 6.2.2.1. Automotive Industry
    • 6.2.2.2. Power Generation
    • 6.2.2.3. Medical
    • 6.2.2.4. Consumer Electronics
    • 6.2.2.5. Others
  • 6.2.3. By Region
    • 6.2.3.1. North America
    • 6.2.3.2. Europe
    • 6.2.3.3. Asia-Pacific
    • 6.2.3.4. South America
    • 6.2.3.5. Middle East and Africa
  • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Type
  • 6.3.2. By End-user
  • 6.3.3. By Region

7. North America Rare Earth Magnets Market Outlook, 2018-2032F*

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
  • 7.1.2. By Volume
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Type
    • 7.2.1.1. Neodymium Magnets (NdFeB)
    • 7.2.1.2. Samarium-Cobalt Magnets (SmCo)
  • 7.2.2. By End-user
    • 7.2.2.1. Automotive Industry
    • 7.2.2.2. Power Generation
    • 7.2.2.3. Medical
    • 7.2.2.4. Consumer Electronics
    • 7.2.2.5. Others
  • 7.2.3. By Country Share
    • 7.2.3.1. United States
    • 7.2.3.2. Canada
    • 7.2.3.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Rare Earth Magnets Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
      • 7.3.1.1.2. By Volume
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Type
        • 7.3.1.2.1.1. Neodymium Magnets (NdFeB)
        • 7.3.1.2.1.2. Samarium-Cobalt Magnets (SmCo)
      • 7.3.1.2.2. By End-user
        • 7.3.1.2.2.1. Automotive Industry
        • 7.3.1.2.2.2. Power Generation
        • 7.3.1.2.2.3. Medical
        • 7.3.1.2.2.4. Consumer Electronics
        • 7.3.1.2.2.5. Others
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Rare Earth Magnets Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Rare Earth Magnets Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Rare Earth Magnets Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Rare Earth Magnets Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Demand Supply Analysis

13. Import and Export Analysis

14. Value Chain Analysis

15. Porter's Five Forces Analysis

16. PESTLE Analysis

17. Pricing Analysis

18. Market Dynamics

• 18.1. Market Drivers
• 18.2. Market Challenges

19. Market Trends and Developments

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Ningbo Zhaobao Magnet Co., Ltd.
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. Zhejiang Sheensen Magnetics Technology Co. Ltd.
  • 20.3.3. Ningbo Tongchuang Magnetic Materials Co., Ltd.
  • 20.3.4. MP Materials Corp.
  • 20.3.5. Rare Earth Magnetics Private Limited
  • 20.3.6. Star Trace Solutions Private Limited
  • 20.3.7. Ningbo Yunsheng Co., Ltd.
  • 20.3.8. Neo Performance Materials Inc.
  • 20.3.9. Ningbo Ninggang Permanent Magnetic Materials Co., Ltd.
  • 20.3.10. Hangzhou Permanent Magnet Group. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer