| Product Code: ETC7547143 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India magnet market import shipments exhibited a robust compound annual growth rate from 2020 to 2024. However, there was a slight decline in growth momentum between 2023 and 2024. Overall, the market trend indicates significant expansion with a slight slowdown in the final year.
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 India Magnet Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 India Magnet Market - Industry Life Cycle |
3.4 India Magnet Market - Porter's Five Forces |
3.5 India Magnet Market Revenues & Volume Share, By Magnet Type, 2021 & 2031F |
3.6 India Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for magnets in the electronics and automotive industries in India |
4.2.2 Increasing adoption of renewable energy sources driving the demand for magnets in wind turbines and electric vehicles |
4.2.3 Technological advancements leading to the development of high-performance magnets in India |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of magnets |
4.3.2 Lack of skilled labor in the magnet industry in India affecting production efficiency |
4.3.3 Stringent environmental regulations affecting the manufacturing processes of magnets |
5 India Magnet Market Trends |
6 India Magnet Market, By Types |
6.1 India Magnet Market, By Magnet Type |
6.1.1 Overview and Analysis |
6.1.2 India Magnet Market Revenues & Volume, By Magnet Type, 2021- 2031F |
6.1.3 India Magnet Market Revenues & Volume, By Ferrite, 2021- 2031F |
6.1.4 India Magnet Market Revenues & Volume, By Neodymium Iron Boron (NdFeB), 2021- 2031F |
6.1.5 India Magnet Market Revenues & Volume, By Aluminium Nickel Cobalt (AlNiCo), 2021- 2031F |
6.1.6 India Magnet Market Revenues & Volume, By Samarium Cobalt (SmCo), 2021- 2031F |
6.2 India Magnet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Magnet Market Revenues & Volume, By Computer Hard Disk Drives (HDD), CD, DVD, 2021- 2031F |
6.2.3 India Magnet Market Revenues & Volume, By Hybrid Electric Vehicles, 2021- 2031F |
6.2.4 India Magnet Market Revenues & Volume, By Electric Bicycles, 2021- 2031F |
6.2.5 India Magnet Market Revenues & Volume, By Heating, Ventilating and Air Conditioners (HVAC), 2021- 2031F |
6.2.6 India Magnet Market Revenues & Volume, By Wind Turbines, 2021- 2031F |
7 India Magnet Market Import-Export Trade Statistics |
7.1 India Magnet Market Export to Major Countries |
7.2 India Magnet Market Imports from Major Countries |
8 India 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 renewable energy and healthcare |
8.3 Number of patents filed for magnet-related innovations |
8.4 Percentage of waste reduction in magnet manufacturing processes |
9 India Magnet Market - Opportunity Assessment |
9.1 India Magnet Market Opportunity Assessment, By Magnet Type, 2021 & 2031F |
9.2 India Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Magnet Market - Competitive Landscape |
10.1 India Magnet Market Revenue Share, By Companies, 2024 |
10.2 India 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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