NuAxiSemiconductor trade intelligence

EV magnet market set to reach $9.5 billion by 2030

What happened

A market research report forecasts the global EV magnet market to grow from $5.3 billion in 2025 to $9.5 billion by 2030, representing a 12.4% CAGR. This projection is based on the accelerating electrification trend in the automotive sector. Neutral: This is a long-term market size forecast with no immediate, specific impact on component pricing or supply.

Impact and signal

Low impactImpact score: 7/100

Affected components and suppliers

EV Magnets

market-forecastev-demand

Source and time

Source: eeNews Europe · 3/8/2026 · View original source

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EV magnet market set to reach $9.5 billion by 2030

What happened

Impact and signal

Affected components and suppliers

Source and time

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