Automotive Magnetic Products Market Size
The Global Automotive Magnetic Products Market is reached US$ 14.36 billion in 2025 and is expected to reach US$ 22.13 billion by 2033, growing with a CAGR of 5.2% during the forecast period 2026-2033.
Automotive Magnetic Products Market Scope
| Metrics | Details |
| Market CAGR | 5.2% |
| Segments Covered | By Material , By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
Competitive Landscape
The major market players are Murata Manufacturing Co., Ltd, Hitachi Metals, Ltd., TDK Corporation, Daido Steel Co., Ltd, Aichi Steel,MARUWA CO., LTD., Shin-Etsu Chemical Co., Ltd., Tokyo Ferrite Mfg.
TSUCHIYA CO., LTD.,, Magnequench International, LLC
Recent Developments
- April 2026 – TDK expands production capacity for automotive magnetic components supporting EV growth
TDK Corporation increased investment in high-performance ferrite and rare-earth magnetic materials used in electric motors, onboard chargers, and automotive power electronics to address rising EV demand globally. - April 2026 – Shin-Etsu develops advanced rare-earth magnets for next-generation EV motors
Shin-Etsu Chemical Co., Ltd. introduced enhanced heat-resistant neodymium magnets designed to improve efficiency and compactness in electric vehicle traction motors and hybrid drivetrains. - March 2026 – Proterial expands automotive magnetic materials business for electrification applications
Hitachi Metals, Ltd. (now Proterial) expanded manufacturing of high-efficiency magnetic materials and soft magnetic components supporting electric mobility, autonomous systems, and automotive electrification. - March 2026 – Daido Steel strengthens rare-earth recycling and magnet supply chain initiatives
Daido Steel Co., Ltd. advanced recycled rare-earth magnet production technologies aimed at securing sustainable automotive magnetic material supply for electric vehicle manufacturers. - February 2026 – Aichi Steel expands high-performance magnetic steel production for EV motors
Aichi Steel Corporation increased production capacity for magnetic specialty steel products used in high-efficiency automotive motor systems and electrified powertrain applications. February 2026 – Magnequench advances bonded magnet technologies for automotive electrification
Magnequench International LLC launched next-generation bonded magnet materials optimized for compact EV motors, sensors, and automotive electronic systems requiring high thermal stability and precision performance.
- January 2026 – Murata expands automotive inductor and magnetic component manufacturing
Murata Manufacturing Co., Ltd. strengthened production of automotive-grade inductors and magnetic components supporting ADAS, EV power systems, and vehicle connectivity technologies.
Why Purchase the Report?
- Visualize the composition of the Automotive Magnetic Products Market products across each product type and application, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Automotive Magnetic Products Market by analyzing trends and co-development deals.
- Comprehensive details on factors driving the market growth.
- Excel data sheet with thousands of data points of Automotive Magnetic Products Market segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Target Audience
- Industry Investors/Investment Bankers
- Suppliers/Buyers
- Education & Research Institutes
- Manufacturers
- Research Professionals
- Emerging Companies
- Distributors
