US Permanent Magnet Market Summary
The US Permanent Magnet market is projected to grow from 23.45 USD Billion in 2024 to 38.67 USD Billion by 2035, reflecting a robust CAGR of 4.65%.
Key Market Trends & Highlights
US Permanent Magnet Key Trends and Highlights
- The market valuation is expected to reach 38.67 USD Billion by 2035, indicating substantial growth potential.
- From 2025 to 2035, the market is anticipated to expand at a CAGR of 4.65%, showcasing a steady upward trend.
- In 2024, the market is valued at 23.45 USD Billion, highlighting its current significance in the industry.
- Growing adoption of electric vehicles due to increasing demand for sustainable transportation is a major market driver.
Market Size & Forecast
2024 Market Size | 23.45 (USD Billion) |
2035 Market Size | 38.67 (USD Billion) |
CAGR (2025 - 2035) | 4.65% |
Major Players
Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)