Rare Earth Magnet for EPS Market

The global Rare Earth Magnet for EPS market size was valued at US$ 1.25 billion in 2024 and is projected to reach US$ 1.95 billion by 2030, at a CAGR of 7.7%

The United States Rare Earth Magnet for EPS market size was valued at US$ 325.4 million in 2024 and is projected to reach US$ 525.6 million by 2030, at a CAGR of 8.3%

Specialized magnets designed for electronic power steering systems. Materials require specific magnetic properties for automotive use. Products undergo automotive qualification testing.

Automotive applications lead with 92% share. Manufacturing precision improved 35%. Automotive standards met 100%. Production efficiency increased 30%. Applications: power steering (92%), other automotive (8%). Technology innovations enhanced performance 28%. Asia dominates with 72% share. Specialized grades grew 42%. OEM partnerships increased 45%. Quality control represents 20% of costs. Innovation focuses on reliability. Vehicle electrification shows 48% growth.

Report Overview Rare earth magnets for electronic power steering (EPS) refer to high-performance magnets used in EPS systems in automotive vehicles. Rare Earth Magnet for EPS Market provides a deep insight into the global Rare Earth Magnet for EPS market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Rare Earth Magnet for EPS Market, Rare Earth Magnet for EPS Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, Rare Earth Magnet for EPS Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Rare Earth Magnet for EPS market in any manner. Global Rare Earth Magnet for EPS Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company Hitachi Metals Group Shin-Etsu TDK VAC Beijing Zhong Ke San Huan Hi-Tech Yunsheng Company Daido Electronics Jingci Material Science Innuovo Magnetics Market Segmentation (by Type) N40EH N45UH N50SH N42V Other Market Segmentation (by Application) Hybrid Vehicles Battery Electric Vehicle Geographic Segmentation 2025North America (USA, Canada, Mexico) 2025Europe (Germany, UK, France, Russia, Italy, Rest of Europe) 2025Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific) 2025South America (Brazil, Argentina, Columbia, Rest of South America) 2025The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA) Key Benefits of This Market Research: 2025Industry drivers, restraints, and opportunities covered in the study 2025Neutral perspective on the market performance 2025Recent industry trends and developments 2025Competitive landscape & strategies of key players 2025Potential & niche segments and regions exhibiting promising growth covered 2025Historical, current, and projected market size, in terms of value 2025In-depth analysis of the Rare Earth Magnet for EPS Market 2025Overview of the regional outlook of the Rare Earth Magnet for EPS Market: Key Reasons to Buy this Report: 2025Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change 2025This enables you to anticipate market changes to remain ahead of your competitors 2025You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents 2025The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly 2025Provision of market value (USD Billion) data for each segment and sub-segment 2025Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market 2025Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region 2025Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled 2025Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players 2025The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions 2025Includes in-depth analysis of the market from various perspectives through Porter