The global market for NdFeB Permanent Magnet Materials for Elevators was valued at US$ 423 million in the year 2024 and is projected to reach a revised size of US$ 705 million by 2031, growing at a CAGR of 7.7% during the forecast period.
NdFeB permanent magnet material is a strong magnetic material composed of elements such as neodymium (Nd), iron (Fe), and boron (B). It has extremely high magnetic energy product and coercive force, and is currently one of the strongest permanent magnet materials in commercial applications. The application of neodymium iron boron permanent magnet materials in elevators can improve the operational efficiency, safety, and reliability of elevators. They have high magnetic energy product, high coercivity, and stable magnetic properties, suitable for driving, braking, and door control systems of elevators.
According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
Report Scope
This report aims to provide a comprehensive presentation of the global market for NdFeB Permanent Magnet Materials for Elevators, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NdFeB Permanent Magnet Materials for Elevators.
The NdFeB Permanent Magnet Materials for Elevators market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global NdFeB Permanent Magnet Materials for Elevators market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the NdFeB Permanent Magnet Materials for Elevators manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Vacuumschmelze Gmbh
MMC
Stanford Magnets
Hitachi-metals
JL MAG Rare-Earth
Ningbo Yunsheng
Yantai Zhenghai Magnetic Material
Beijing Zhong Ke San Huan Hi-Tech
Hengdian Dong Megnet
Ningbo Jinji Strong Magnetic Material
Baotou Tianhe Magnetics Technology
Zhejiang Innuovo Magnetics
Earth Panda
by Type
Sintered Type
Adhesive Type
by Application
Passenger Elevator
Freight Elevator
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of NdFeB Permanent Magnet Materials for Elevators manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of NdFeB Permanent Magnet Materials for Elevators by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of NdFeB Permanent Magnet Materials for Elevators in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 NdFeB Permanent Magnet Materials for Elevators Market Overview
1.1 Product Definition
1.2 NdFeB Permanent Magnet Materials for Elevators by Type
1.2.1 Global NdFeB Permanent Magnet Materials for Elevators Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Sintered Type
1.2.3 Adhesive Type
1.3 NdFeB Permanent Magnet Materials for Elevators by Application
1.3.1 Global NdFeB Permanent Magnet Materials for Elevators Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Passenger Elevator
1.3.3 Freight Elevator
1.4 Global Market Growth Prospects
1.4.1 Global NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global NdFeB Permanent Magnet Materials for Elevators Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global NdFeB Permanent Magnet Materials for Elevators Production Estimates and Forecasts (2020-2031)
1.4.4 Global NdFeB Permanent Magnet Materials for Elevators Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global NdFeB Permanent Magnet Materials for Elevators Production Market Share by Manufacturers (2020-2025)
2.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of NdFeB Permanent Magnet Materials for Elevators, Industry Ranking, 2023 VS 2024
2.4 Global NdFeB Permanent Magnet Materials for Elevators Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global NdFeB Permanent Magnet Materials for Elevators Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of NdFeB Permanent Magnet Materials for Elevators, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of NdFeB Permanent Magnet Materials for Elevators, Product Offered and Application
2.8 Global Key Manufacturers of NdFeB Permanent Magnet Materials for Elevators, Date of Enter into This Industry
2.9 NdFeB Permanent Magnet Materials for Elevators Market Competitive Situation and Trends
2.9.1 NdFeB Permanent Magnet Materials for Elevators Market Concentration Rate
2.9.2 Global 5 and 10 Largest NdFeB Permanent Magnet Materials for Elevators Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 NdFeB Permanent Magnet Materials for Elevators Production by Region
3.1 Global NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Region (2020-2031)
3.2.1 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of NdFeB Permanent Magnet Materials for Elevators by Region (2026-2031)
3.3 Global NdFeB Permanent Magnet Materials for Elevators Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global NdFeB Permanent Magnet Materials for Elevators Production Volume by Region (2020-2031)
3.4.1 Global NdFeB Permanent Magnet Materials for Elevators Production by Region (2020-2025)
3.4.2 Global Forecasted Production of NdFeB Permanent Magnet Materials for Elevators by Region (2026-2031)
3.5 Global NdFeB Permanent Magnet Materials for Elevators Market Price Analysis by Region (2020-2025)
3.6 Global NdFeB Permanent Magnet Materials for Elevators Production and Value, Year-over-Year Growth
3.6.1 North America NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.3 China NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan NdFeB Permanent Magnet Materials for Elevators Production Value Estimates and Forecasts (2020-2031)
4 NdFeB Permanent Magnet Materials for Elevators Consumption by Region
4.1 Global NdFeB Permanent Magnet Materials for Elevators Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global NdFeB Permanent Magnet Materials for Elevators Consumption by Region (2020-2031)
4.2.1 Global NdFeB Permanent Magnet Materials for Elevators Consumption by Region (2020-2025)
4.2.2 Global NdFeB Permanent Magnet Materials for Elevators Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America NdFeB Permanent Magnet Materials for Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America NdFeB Permanent Magnet Materials for Elevators Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe NdFeB Permanent Magnet Materials for Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe NdFeB Permanent Magnet Materials for Elevators Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific NdFeB Permanent Magnet Materials for Elevators Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific NdFeB Permanent Magnet Materials for Elevators Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa NdFeB Permanent Magnet Materials for Elevators Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa NdFeB Permanent Magnet Materials for Elevators Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global NdFeB Permanent Magnet Materials for Elevators Production by Type (2020-2031)
5.1.1 Global NdFeB Permanent Magnet Materials for Elevators Production by Type (2020-2025)
5.1.2 Global NdFeB Permanent Magnet Materials for Elevators Production by Type (2026-2031)
5.1.3 Global NdFeB Permanent Magnet Materials for Elevators Production Market Share by Type (2020-2031)
5.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Type (2020-2031)
5.2.1 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Type (2020-2025)
5.2.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Type (2026-2031)
5.2.3 Global NdFeB Permanent Magnet Materials for Elevators Production Value Market Share by Type (2020-2031)
5.3 Global NdFeB Permanent Magnet Materials for Elevators Price by Type (2020-2031)
6 Segment by Application
6.1 Global NdFeB Permanent Magnet Materials for Elevators Production by Application (2020-2031)
6.1.1 Global NdFeB Permanent Magnet Materials for Elevators Production by Application (2020-2025)
6.1.2 Global NdFeB Permanent Magnet Materials for Elevators Production by Application (2026-2031)
6.1.3 Global NdFeB Permanent Magnet Materials for Elevators Production Market Share by Application (2020-2031)
6.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Application (2020-2031)
6.2.1 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Application (2020-2025)
6.2.2 Global NdFeB Permanent Magnet Materials for Elevators Production Value by Application (2026-2031)
6.2.3 Global NdFeB Permanent Magnet Materials for Elevators Production Value Market Share by Application (2020-2031)
6.3 Global NdFeB Permanent Magnet Materials for Elevators Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Vacuumschmelze Gmbh
7.1.1 Vacuumschmelze Gmbh NdFeB Permanent Magnet Materials for Elevators Company Information
7.1.2 Vacuumschmelze Gmbh NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.1.3 Vacuumschmelze Gmbh NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Vacuumschmelze Gmbh Main Business and Markets Served
7.1.5 Vacuumschmelze Gmbh Recent Developments/Updates
7.2 MMC
7.2.1 MMC NdFeB Permanent Magnet Materials for Elevators Company Information
7.2.2 MMC NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.2.3 MMC NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.2.4 MMC Main Business and Markets Served
7.2.5 MMC Recent Developments/Updates
7.3 Stanford Magnets
7.3.1 Stanford Magnets NdFeB Permanent Magnet Materials for Elevators Company Information
7.3.2 Stanford Magnets NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.3.3 Stanford Magnets NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Stanford Magnets Main Business and Markets Served
7.3.5 Stanford Magnets Recent Developments/Updates
7.4 Hitachi-metals
7.4.1 Hitachi-metals NdFeB Permanent Magnet Materials for Elevators Company Information
7.4.2 Hitachi-metals NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.4.3 Hitachi-metals NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Hitachi-metals Main Business and Markets Served
7.4.5 Hitachi-metals Recent Developments/Updates
7.5 JL MAG Rare-Earth
7.5.1 JL MAG Rare-Earth NdFeB Permanent Magnet Materials for Elevators Company Information
7.5.2 JL MAG Rare-Earth NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.5.3 JL MAG Rare-Earth NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.5.4 JL MAG Rare-Earth Main Business and Markets Served
7.5.5 JL MAG Rare-Earth Recent Developments/Updates
7.6 Ningbo Yunsheng
7.6.1 Ningbo Yunsheng NdFeB Permanent Magnet Materials for Elevators Company Information
7.6.2 Ningbo Yunsheng NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.6.3 Ningbo Yunsheng NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Ningbo Yunsheng Main Business and Markets Served
7.6.5 Ningbo Yunsheng Recent Developments/Updates
7.7 Yantai Zhenghai Magnetic Material
7.7.1 Yantai Zhenghai Magnetic Material NdFeB Permanent Magnet Materials for Elevators Company Information
7.7.2 Yantai Zhenghai Magnetic Material NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.7.3 Yantai Zhenghai Magnetic Material NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Yantai Zhenghai Magnetic Material Main Business and Markets Served
7.7.5 Yantai Zhenghai Magnetic Material Recent Developments/Updates
7.8 Beijing Zhong Ke San Huan Hi-Tech
7.8.1 Beijing Zhong Ke San Huan Hi-Tech NdFeB Permanent Magnet Materials for Elevators Company Information
7.8.2 Beijing Zhong Ke San Huan Hi-Tech NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.8.3 Beijing Zhong Ke San Huan Hi-Tech NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Beijing Zhong Ke San Huan Hi-Tech Main Business and Markets Served
7.8.5 Beijing Zhong Ke San Huan Hi-Tech Recent Developments/Updates
7.9 Hengdian Dong Megnet
7.9.1 Hengdian Dong Megnet NdFeB Permanent Magnet Materials for Elevators Company Information
7.9.2 Hengdian Dong Megnet NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.9.3 Hengdian Dong Megnet NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Hengdian Dong Megnet Main Business and Markets Served
7.9.5 Hengdian Dong Megnet Recent Developments/Updates
7.10 Ningbo Jinji Strong Magnetic Material
7.10.1 Ningbo Jinji Strong Magnetic Material NdFeB Permanent Magnet Materials for Elevators Company Information
7.10.2 Ningbo Jinji Strong Magnetic Material NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.10.3 Ningbo Jinji Strong Magnetic Material NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Ningbo Jinji Strong Magnetic Material Main Business and Markets Served
7.10.5 Ningbo Jinji Strong Magnetic Material Recent Developments/Updates
7.11 Baotou Tianhe Magnetics Technology
7.11.1 Baotou Tianhe Magnetics Technology NdFeB Permanent Magnet Materials for Elevators Company Information
7.11.2 Baotou Tianhe Magnetics Technology NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.11.3 Baotou Tianhe Magnetics Technology NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Baotou Tianhe Magnetics Technology Main Business and Markets Served
7.11.5 Baotou Tianhe Magnetics Technology Recent Developments/Updates
7.12 Zhejiang Innuovo Magnetics
7.12.1 Zhejiang Innuovo Magnetics NdFeB Permanent Magnet Materials for Elevators Company Information
7.12.2 Zhejiang Innuovo Magnetics NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.12.3 Zhejiang Innuovo Magnetics NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Zhejiang Innuovo Magnetics Main Business and Markets Served
7.12.5 Zhejiang Innuovo Magnetics Recent Developments/Updates
7.13 Earth Panda
7.13.1 Earth Panda NdFeB Permanent Magnet Materials for Elevators Company Information
7.13.2 Earth Panda NdFeB Permanent Magnet Materials for Elevators Product Portfolio
7.13.3 Earth Panda NdFeB Permanent Magnet Materials for Elevators Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Earth Panda Main Business and Markets Served
7.13.5 Earth Panda Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 NdFeB Permanent Magnet Materials for Elevators Industry Chain Analysis
8.2 NdFeB Permanent Magnet Materials for Elevators Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 NdFeB Permanent Magnet Materials for Elevators Production Mode & Process Analysis
8.4 NdFeB Permanent Magnet Materials for Elevators Sales and Marketing
8.4.1 NdFeB Permanent Magnet Materials for Elevators Sales Channels
8.4.2 NdFeB Permanent Magnet Materials for Elevators Distributors
8.5 NdFeB Permanent Magnet Materials for Elevators Customer Analysis
9 NdFeB Permanent Magnet Materials for Elevators Market Dynamics
9.1 NdFeB Permanent Magnet Materials for Elevators Industry Trends
9.2 NdFeB Permanent Magnet Materials for Elevators Market Drivers
9.3 NdFeB Permanent Magnet Materials for Elevators Market Challenges
9.4 NdFeB Permanent Magnet Materials for Elevators Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Vacuumschmelze Gmbh
MMC
Stanford Magnets
Hitachi-metals
JL MAG Rare-Earth
Ningbo Yunsheng
Yantai Zhenghai Magnetic Material
Beijing Zhong Ke San Huan Hi-Tech
Hengdian Dong Megnet
Ningbo Jinji Strong Magnetic Material
Baotou Tianhe Magnetics Technology
Zhejiang Innuovo Magnetics
Earth Panda
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*If Applicable.
