| Product Code: ETC9172874 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Saudi Arabia permanent magnet market, the import trend exhibited a growth rate of 4.84% from 2023 to 2024, with a compound annual growth rate (CAGR) of 12.91% from 2020 to 2024. This positive import momentum can be attributed to the increasing demand for permanent magnets in various industries, signaling market stability and strong demand for these products in the region.
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 Permanent Magnet Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Permanent Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Permanent Magnet Market - Industry Life Cycle |
3.4 Saudi Arabia Permanent Magnet Market - Porter's Five Forces |
3.5 Saudi Arabia Permanent Magnet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Permanent Magnet Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Saudi Arabia Permanent Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Saudi Arabia, leading to a higher demand for permanent magnets in wind turbines and electric vehicles. |
4.2.2 Growing industrial automation and robotics sector in the country, driving the need for permanent magnets in various applications. |
4.2.3 Technological advancements and innovations in the permanent magnet industry, leading to improved efficiency and performance. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of production for permanent magnets. |
4.3.2 Dependency on imports for certain rare earth materials used in permanent magnets, leading to supply chain risks. |
5 Saudi Arabia Permanent Magnet Market Trends |
6 Saudi Arabia Permanent Magnet Market, By Types |
6.1 Saudi Arabia Permanent Magnet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2021- 2031F |
6.1.4 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2021- 2031F |
6.1.5 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2021- 2031F |
6.1.6 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2021- 2031F |
6.1.7 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Saudi Arabia Permanent Magnet Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2021- 2031F |
6.2.3 Saudi Arabia Permanent Magnet Market Revenues & Volume, By General Industrial, 2021- 2031F |
6.2.4 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.5 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Medical Technology, 2021- 2031F |
6.2.6 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2021- 2031F |
6.2.7 Saudi Arabia Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F |
7 Saudi Arabia Permanent Magnet Market Import-Export Trade Statistics |
7.1 Saudi Arabia Permanent Magnet Market Export to Major Countries |
7.2 Saudi Arabia Permanent Magnet Market Imports from Major Countries |
8 Saudi Arabia Permanent Magnet Market Key Performance Indicators |
8.1 Percentage increase in the adoption of permanent magnets in renewable energy projects in Saudi Arabia. |
8.2 Research and development expenditure in the permanent magnet industry. |
8.3 Growth in the number of patents filed for new permanent magnet technologies in the country. |
9 Saudi Arabia Permanent Magnet Market - Opportunity Assessment |
9.1 Saudi Arabia Permanent Magnet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Permanent Magnet Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Saudi Arabia Permanent Magnet Market - Competitive Landscape |
10.1 Saudi Arabia Permanent Magnet Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Permanent Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |