| Product Code: ETC6660313 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, Canada`s magnet market saw a notable increase in imports. The compound annual growth rate (CAGR) for this period was 21.05%. In particular, from 2023 to 2024, there was a significant year-on-year growth rate of 35.51%. These figures indicate a steady rise in the importation of magnets within the specified timeframe.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Magnet Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Magnet Market - Industry Life Cycle |
3.4 Canada Magnet Market - Porter's Five Forces |
3.5 Canada Magnet Market Revenues & Volume Share, By Magnet Type, 2022 & 2032F |
3.6 Canada Magnet Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Canada Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for magnets in automotive and electronics industries |
4.2.2 Growing emphasis on renewable energy sources driving demand for magnets in wind turbines and electric vehicles |
4.2.3 Technological advancements leading to new applications for magnets in healthcare, aerospace, and other industries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as rare earth metals impacting magnet production costs |
4.3.2 Intense competition among market players leading to pricing pressures and margin erosion |
4.3.3 Regulatory challenges related to environmental concerns and waste management in magnet manufacturing |
5 Canada Magnet Market Trends |
6 Canada Magnet Market, By Types |
6.1 Canada Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Magnet Market Revenues & Volume, By Magnet Type, 2022-2032F |
6.1.3 Canada Magnet Market Revenues & Volume, By Ferrite, 2022-2032F |
6.1.4 Canada Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2022-2032F |
6.1.5 Canada Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2022-2032F |
6.1.6 Canada Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2022-2032F |
6.2 Canada Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2022-2032F |
6.2.3 Canada Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2022-2032F |
6.2.4 Canada Magnet Market Revenues & Volume, By Electric Bicycles, 2022-2032F |
6.2.5 Canada Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2022-2032F |
6.2.6 Canada Magnet Market Revenues & Volume, By Wind Turbines, 2022-2032F |
7 Canada Magnet Market Import-Export Trade Statistics |
7.1 Canada Magnet Market Export to Major Countries |
7.2 Canada Magnet Market Imports from Major Countries |
8 Canada Magnet Market Key Performance Indicators |
8.1 Research and development investment in magnet technology |
8.2 Adoption rate of magnets in emerging industries such as healthcare and aerospace |
8.3 Number of patents filed for magnet-related innovations |
8.4 Efficiency improvements in magnet manufacturing processes |
9 Canada Magnet Market - Opportunity Assessment |
9.1 Canada Magnet Market Opportunity Assessment, By Magnet Type, 2022 & 2032F |
9.2 Canada Magnet Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Canada Magnet Market - Competitive Landscape |
10.1 Canada Magnet Market Revenue Share, By Companies, 2025 |
10.2 Canada Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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