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The global permanent magnet market was valued at USD 33.18 billion in 2024 and is projected to reach USD 56.22 billion by 2032, growing at a CAGR of 8.3%.

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Published by Pallavi Garudkar, 2025-08-25 03:13:11

Permanent Magnet Market Demand Analysis and Growth Trends, Forecast, 2032

The global permanent magnet market was valued at USD 33.18 billion in 2024 and is projected to reach USD 56.22 billion by 2032, growing at a CAGR of 8.3%.

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