Japan Neodymium Iron Boron Magnet Market Size, Trends, Growth & Forecast 2025-2033

Japan Neodymium Iron Boron Magnet Market Overview

Market Statistics

Market Size in 2024: USD 982.0 Million

Market Forecast in 2033: USD 1,083.0 Million

Market Growth Rate: 1.1% (2025-2033)

According to the latest report by IMARC Group, the Japan NdFeB (Neodymium-Iron-Boron) magnet market size reached USD 982.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,083.0 Million by 2033, exhibiting a growth rate (CAGR) of 1.1% during 2025-2033.

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Japan Neodymium Iron Boron Magnet Market Trends and Drivers:

The Japan Neodymium Iron Boron (NdFeB) Magnet Market has experienced notable growth in recent years, driven primarily by increasing demand across automotive, electronics, and renewable energy sectors. The market trends indicate a steady rise in the adoption of NdFeB magnets in electric vehicles (EVs), hybrid vehicles, and wind turbines due to their superior magnetic properties and efficiency. Additionally, the expanding electronics industry in Japan, including consumer electronics, data storage devices, and industrial automation, has further contributed to the market’s growth. Manufacturers are focusing on enhancing production capacities and investing in advanced manufacturing technologies to meet the growing requirements. The market is also witnessing increased collaborations and partnerships among key players to strengthen supply chains and improve product offerings.

Furthermore, the market growth is influenced by the ongoing innovations in magnet recycling and efforts to reduce dependency on imported rare earth materials. Rising awareness regarding energy efficiency and sustainable technologies is encouraging industries to opt for high-performance NdFeB magnets. Japan’s strong industrial base and supportive policies for green technologies are also expected to drive the market forward. Trends such as miniaturization of electronic devices, increased use of precision motors, and growth in renewable energy installations continue to propel the demand for NdFeB magnets. The market is also shaped by fluctuations in raw material prices, government regulations, and advancements in magnet coating and durability technologies. Overall, the market is projected to maintain a steady growth trajectory as demand from the automotive, electronics, and renewable energy sectors continues to rise, offering opportunities for both domestic and international manufacturers in Japan.

Japan Neodymium Iron Boron Magnet Market Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest Japan Neodymium Iron Boron Magnet Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

The report has segmented the market into the following categories:

Breakup by Application:

• Automobile
• Electronics
• Power Generators
• Medical Industry
• Wind Power
• Others

Breakup by Domestically Manufactured/Imports:

• Domestically Manufactured
• Imports

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Japan neodymium iron boron magnet industry.

Key highlights of the report:

Market Performance (2019-2024)

Market Outlook (2025-2033)

COVID-19 Impact on the Market

Porter’s Five Forces Analysis

Strategic Recommendations

Historical, Current, and Future Market Trends

Market Drivers and Success Factors

SWOT Analysis

Structure of the Market

Value Chain Analysis

Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact:

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Area: Iwata

Country: Tokyo, Japan

Postal Code: 4380111

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