| Product Code: ETC9170960 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Saudi Arabia`s import trend for neodymium iron boron magnets experienced significant growth from 2023 to 2024, with a growth rate of 38.28%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 40.07%. This surge in imports can be attributed to the increasing demand for high-performance magnets in industries like electronics, renewable energy, and automotive, indicating a strong market stability and sustained demand shift towards advanced technologies during this 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 Saudi Arabia Neodymium Iron Boron Magnet Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Neodymium Iron Boron Magnet Market - Industry Life Cycle |
3.4 Saudi Arabia Neodymium Iron Boron Magnet Market - Porter's Five Forces |
3.5 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Neodymium Iron Boron Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for neodymium iron boron magnets in renewable energy applications |
4.2.2 Growth in the automotive sector, driving the demand for neodymium iron boron magnets in electric vehicles |
4.2.3 Technological advancements leading to the development of more efficient and cost-effective neodymium iron boron magnets |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the production cost of neodymium iron boron magnets |
4.3.2 Environmental concerns and regulations regarding the mining and processing of rare earth metals |
4.3.3 Competition from alternative magnet materials affecting the market share of neodymium iron boron magnets |
5 Saudi Arabia Neodymium Iron Boron Magnet Market Trends |
6 Saudi Arabia Neodymium Iron Boron Magnet Market, By Types |
6.1 Saudi Arabia Neodymium Iron Boron Magnet Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Automobile, 2021- 2031F |
6.1.4 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Electronics, 2021- 2031F |
6.1.5 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Power Generators, 2021- 2031F |
6.1.6 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Medical Industry, 2021- 2031F |
6.1.7 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Wind Power, 2021- 2031F |
6.1.8 Saudi Arabia Neodymium Iron Boron Magnet Market Revenues & Volume, By Others, 2021- 2031F |
7 Saudi Arabia Neodymium Iron Boron Magnet Market Import-Export Trade Statistics |
7.1 Saudi Arabia Neodymium Iron Boron Magnet Market Export to Major Countries |
7.2 Saudi Arabia Neodymium Iron Boron Magnet Market Imports from Major Countries |
8 Saudi Arabia Neodymium Iron Boron Magnet Market Key Performance Indicators |
8.1 Average efficiency improvement rate of neodymium iron boron magnets |
8.2 Adoption rate of neodymium iron boron magnets in new applications |
8.3 Investment in research and development for neodymium iron boron magnet technologies |
9 Saudi Arabia Neodymium Iron Boron Magnet Market - Opportunity Assessment |
9.1 Saudi Arabia Neodymium Iron Boron Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Neodymium Iron Boron Magnet Market - Competitive Landscape |
10.1 Saudi Arabia Neodymium Iron Boron Magnet Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Neodymium Iron Boron Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |