Europe Soft Magnetic Materials Market Size & Outlook

The soft magnetic materials market in Europe is expected to reach a projected revenue of US$ 9,136.4 million by 2027. A compound annual growth rate of 2.9% is expected of Europe soft magnetic materials market from 2020 to 2027.
Revenue, 2019 (US$M)
$7,245.7
Forecast, 2027 (US$M)
$9,136.4
CAGR, 2020 - 2027
2.9%
Report Coverage
Europe

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Europe soft magnetic materials market, 2016-2027 (US$M)

Europe soft magnetic materials market, 2016-2027 (US$M)

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Europe soft magnetic materials market highlights

  • The Europe soft magnetic materials market generated a revenue of USD 7,245.7 million in 2019.
  • The market is expected to grow at a CAGR of 2.9% from 2020 to 2027.
  • In terms of segment, motors was the largest revenue generating application in 2019.
  • Motors is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Turkey is expected to register the highest CAGR from 2020 to 2027.

Europe data book summary

Market revenue in 2019USD 7,245.7 million
Market revenue in 2027USD 9,136.4 million
Growth rate2.9% (CAGR from 2019 to 2027)
Largest segmentMotors
Fastest growing segmentMotors
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationMotors, Transformers, Alternators
Key market players worldwideDowlais Group PLC, Hitachi Ltd, JFE Holdings Inc, Mahindra & Mahindra Ltd DR, Meyer, Siemens AG, Arnold Magnetic Technologies, Speciality Sintered, Steward Advanced Materials, VACUUMSCHMELZE

Other key industry trends

  • In terms of revenue, Europe region accounted for 37.7% of the global soft magnetic materials market in 2019.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 1,513.6 million by 2027.

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Soft Magnetic Materials Market Scope

Soft Magnetic Materials Market Companies

Name Profile # Employees HQ Website
VACUUMSCHMELZE View profile 1001-5000 Hanau, Hessen, Germany, Europe http://www.vacuumschmelze.com/
Steward Advanced Materials View profile 1-10 Chattanooga, Tennessee, United States, North America https://www.stewardmaterials.com/
Speciality Sintered View profile 251-500 Chakan, Maharashtra, India, Asia https://specialitysintered.com
Arnold Magnetic Technologies View profile 501-1000 Rochester, New York, United States, North America http://www.arnoldmagnetics.com/
Mahindra & Mahindra Ltd DR View profile 61874 Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 https://www.mahindra.com
Dowlais Group PLC View profile 23912 11 Bressenden Place, 2nd Floor Nova North, London, United Kingdom, SW1E 5BY https://www.dowlais.com
Meyer View profile 1001-5000 Vallejo, California, United States, North America https://meyerus.com/
JFE Holdings Inc View profile 44469 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan, 100-0011 http://www.jfe-holdings.co.jp
Siemens AG View profile 321000 Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 https://www.siemens.com
Hitachi Ltd View profile 322525 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 http://www.hitachi.com

Europe soft magnetic materials market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to soft magnetic materials market will help companies and investors design strategic landscapes.


Motors was the largest segment with a revenue share of 50.07% in 2019. Horizon Databook has segmented the Europe soft magnetic materials market based on motors, transformers, alternators covering the revenue growth of each sub-segment from 2016 to 2027.


  • Europe Soft Magnetic Materials Application Outlook (Revenue, USD Million, 2016-2027)
    • Alternators
    • Motors
    • Others
    • Transformers
  • Europe Soft Magnetic Materials Product Outlook (Revenue, USD Million, 2016-2027)
    • Ferrites
    • NiFe/permalloys
    • SiFe/Electrical steel
    • Others

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe soft magnetic materials market, including forecasts for subscribers. This continent databook contains high-level insights into Europe soft magnetic materials market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Europe soft magnetic materials market size, by country, 2016-2027 (US$M)

Europe Soft Magnetic Materials Market Share, 2019 & 2027 (US$M)

Europe soft magnetic materials market size, by country, 2016-2027 (US$M)

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