The global permanent magnet motor market size accounted for USD 59.88 billion in 2024, grew to USD 67.35 billion in 2025 and is predicted to surpass around USD 193.78 billion by 2034, representing a healthy CAGR of 12.46% between 2024 and 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Permanent Magnet Motor Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Permanent Magnet Motor Market, by Type, 2024-2034
8.1.1. PMAC
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. PMDC
8.1.2.1. Market Revenue and Forecast (2021-2034)
8.1.3. Brushless DC
8.1.3.1. Market Revenue and Forecast (2021-2034)
9.1. Permanent Magnet Motor Market, by Power Rating, 2024-2034
9.1.1. Up to 25 kW
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. 25–100 kW
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. 100–300 kW
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. 300 kW and Above
9.1.4.1. Market Revenue and Forecast (2021-2034)
10.1. Permanent Magnet Motor Market, by Magnet Type, 2024-2034
10.1.1. Neodymium
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Samarium Cobalt
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Ferrite
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2021-2034)
11.1. Permanent Magnet Motor Market, by Application, 2024-2034
11.1.1. Factory Automation
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Consumer
11.1.2.1. Market Revenue and Forecast (2021-2034)
11.1.3. Office Automation
11.1.3.1. Market Revenue and Forecast (2021-2034)
11.1.4. Commercial
11.1.4.1. Market Revenue and Forecast (2021-2034)
11.1.5. Lab Equipment
11.1.5.1. Market Revenue and Forecast (2021-2034)
11.1.6. Medical
11.1.6.1. Market Revenue and Forecast (2021-2034)
11.1.7. Military/Aerospace
11.1.7.1. Market Revenue and Forecast (2021-2034)
12.1. Permanent Magnet Motor Market, by End User, 2024-2034
12.1.1. Industrial
12.1.1.1. Market Revenue and Forecast (2021-2034)
12.1.2. Commercial and Residential
12.1.2.1. Market Revenue and Forecast (2021-2034)
12.1.3. Others (Defense, Railways)
12.1.3.1. Market Revenue and Forecast (2021-2034)
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2021-2034)
13.1.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.1.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.1.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.5. Market Revenue and Forecast, by End User (2021-2034)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2021-2034)
13.1.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.1.6.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.1.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.7. Market Revenue and Forecast, by End User (2021-2034)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2021-2034)
13.1.8.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.1.8.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.1.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.1.8.5. Market Revenue and Forecast, by End User (2021-2034)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2021-2034)
13.2.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.2.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.2.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.5. Market Revenue and Forecast, by End User (2021-2034)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2021-2034)
13.2.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.2.6.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.2.7. Market Revenue and Forecast, by Application (2021-2034)
13.2.8. Market Revenue and Forecast, by End User (2021-2034)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2021-2034)
13.2.9.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.2.9.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.2.10. Market Revenue and Forecast, by Application (2021-2034)
13.2.11. Market Revenue and Forecast, by End User (2021-2034)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2021-2034)
13.2.12.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.2.12.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.2.12.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.13. Market Revenue and Forecast, by End User (2021-2034)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2021-2034)
13.2.14.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.2.14.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.2.14.4. Market Revenue and Forecast, by Application (2021-2034)
13.2.15. Market Revenue and Forecast, by End User (2021-2034)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2021-2034)
13.3.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.3.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.3.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.5. Market Revenue and Forecast, by End User (2021-2034)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2021-2034)
13.3.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.3.6.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.3.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.7. Market Revenue and Forecast, by End User (2021-2034)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2021-2034)
13.3.8.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.3.8.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.3.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.9. Market Revenue and Forecast, by End User (2021-2034)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2021-2034)
13.3.10.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.3.10.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.3.10.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.10.5. Market Revenue and Forecast, by End User (2021-2034)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2021-2034)
13.3.11.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.3.11.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.3.11.4. Market Revenue and Forecast, by Application (2021-2034)
13.3.11.5. Market Revenue and Forecast, by End User (2021-2034)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2021-2034)
13.4.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.4.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.4.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.5. Market Revenue and Forecast, by End User (2021-2034)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2021-2034)
13.4.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.4.6.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.4.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.7. Market Revenue and Forecast, by End User (2021-2034)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2021-2034)
13.4.8.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.4.8.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.4.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.9. Market Revenue and Forecast, by End User (2021-2034)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2021-2034)
13.4.10.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.4.10.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.4.10.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.10.5. Market Revenue and Forecast, by End User (2021-2034)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2021-2034)
13.4.11.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.4.11.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.4.11.4. Market Revenue and Forecast, by Application (2021-2034)
13.4.11.5. Market Revenue and Forecast, by End User (2021-2034)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2021-2034)
13.5.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.5.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.5.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.5. Market Revenue and Forecast, by End User (2021-2034)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2021-2034)
13.5.6.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.5.6.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.5.6.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.7. Market Revenue and Forecast, by End User (2021-2034)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2021-2034)
13.5.8.2. Market Revenue and Forecast, by Power Rating (2021-2034)
13.5.8.3. Market Revenue and Forecast, by Magnet Type (2021-2034)
13.5.8.4. Market Revenue and Forecast, by Application (2021-2034)
13.5.8.5. Market Revenue and Forecast, by End User (2021-2034)
14.1. Toshiba Corporation
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Nidec
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Johnson Electric
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Yaskawa
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. WEG
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. General Electric
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Rockwell
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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