| Product Code: ETC6663794 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, Canada`s permanent magnet market witnessed a steady growth in imports. The compound annual growth rate (CAGR) from 2020 to 2024 stood at 21.05%. Notably, in 2023-2024, the year-on-year growth rate surged to 35.51%, indicating a significant increase in imports during that period.

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 Permanent Magnet Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Permanent Magnet Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Permanent Magnet Market - Industry Life Cycle |
3.4 Canada Permanent Magnet Market - Porter's Five Forces |
3.5 Canada Permanent Magnet Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Canada Permanent Magnet Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
4 Canada Permanent Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for permanent magnets in automotive and electronics industries |
4.2.2 Growing focus on renewable energy sources driving the demand for permanent magnets in wind turbines |
4.2.3 Technological advancements leading to improved efficiency and performance of permanent magnets |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Competition from substitute materials like soft magnetic materials |
4.3.3 Stringent environmental regulations affecting the manufacturing processes of permanent magnets |
5 Canada Permanent Magnet Market Trends |
6 Canada Permanent Magnet Market, By Types |
6.1 Canada Permanent Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Canada Permanent Magnet Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Canada Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2022-2032F |
6.1.4 Canada Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2022-2032F |
6.1.5 Canada Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2022-2032F |
6.1.6 Canada Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2022-2032F |
6.1.7 Canada Permanent Magnet Market Revenues & Volume, By Others, 2022-2032F |
6.2 Canada Permanent Magnet Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Canada Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2022-2032F |
6.2.3 Canada Permanent Magnet Market Revenues & Volume, By General Industrial, 2022-2032F |
6.2.4 Canada Permanent Magnet Market Revenues & Volume, By Automotive, 2022-2032F |
6.2.5 Canada Permanent Magnet Market Revenues & Volume, By Medical Technology, 2022-2032F |
6.2.6 Canada Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2022-2032F |
6.2.7 Canada Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2022-2032F |
7 Canada Permanent Magnet Market Import-Export Trade Statistics |
7.1 Canada Permanent Magnet Market Export to Major Countries |
7.2 Canada Permanent Magnet Market Imports from Major Countries |
8 Canada Permanent Magnet Market Key Performance Indicators |
8.1 Average selling price (ASP) of permanent magnets |
8.2 Adoption rate of permanent magnets in new applications |
8.3 Number of patents filed for permanent magnet technologies |
8.4 Efficiency improvements in permanent magnet manufacturing processes |
8.5 Investment in research and development for enhancing permanent magnet properties |
9 Canada Permanent Magnet Market - Opportunity Assessment |
9.1 Canada Permanent Magnet Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Canada Permanent Magnet Market Opportunity Assessment, By End-Use, 2022 & 2032F |
10 Canada Permanent Magnet Market - Competitive Landscape |
10.1 Canada Permanent Magnet Market Revenue Share, By Companies, 2025 |
10.2 Canada Permanent 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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