The global bonded magnet market is projected to expand steadily over the next decade, with SNS Insider estimating the sector will rise from USD 3.77 billion in 2025 to USD 5.90 billion by 2035. The outlook points to sustained demand from industries that rely on lightweight, precision magnetic components.
Growth is being linked primarily to electric vehicle production and the broader shift toward renewable energy. As automakers scale EV manufacturing and energy systems continue to modernize, bonded magnets are expected to remain important in applications where design flexibility and efficient performance matter.
The report also highlights automation as another major factor supporting market expansion. Increasing use of advanced equipment across manufacturing and industrial operations is helping lift demand for components used in motors, sensors and related systems.
Regionally, the U.S. bonded magnet market is forecast to reach USD 0.69 billion by 2035, while Europe is expected to climb to USD 1.44 billion. The European outlook reflects continued momentum from energy transition efforts and industrial demand, while the U.S. market is being supported by manufacturing activity tied to transport electrification and automation.
