• The global Rare Earth Magnet for Electric Vehicles market size was valued at US$ 2.45 billion in 2024 and is projected to reach US$ 4.86 billion by 2030, at a CAGR of 12.1% during the forecast period
• The United States Rare Earth Magnet for Electric Vehicles market size was valued at US$ 625.4 million in 2024 and is projected to US$ 1.28 billion by 2030, at a CAGR of 12.7% during the forecast period
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• High-performance magnets specifically engineered for electric vehicle powertrains. Material features optimized magnetic properties for EV applications. Products require extensive validation testing.
• EV manufacturers represent 88% share. Production precision at 99%. Performance requirements exceeded 98%. Manufacturing capacity expanded 40%. Applications: traction motors (60%), power steering (25%), auxiliaries (15%). Process optimization enhanced efficiency 32%. Asia-Pacific leads with 68% share. Advanced products grew 55%. Industry collaborations increased 58%. Quality systems represent 25% of costs. Innovation focuses on power density. EV sector shows 65% growth.
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Sintered Rare Earth Magnet
Bonded Rare Earth Magnet
