The global market for permanent magnet motors was valued at approximately $55.2 billion in 2025. It is forecasted to grow at a compound annual growth rate (CAGR) of 8.0% between 2026 and 2032, reaching an estimated $95.2 billion by the end of the period. This growth reflects increasing demand across various industries that utilize permanent magnet motor technology.
The expansion of this market is driven by advancements in motor efficiency, rising adoption in electric vehicles, industrial automation, and consumer electronics. Market research indicates steady growth trends and significant opportunities for manufacturers and investors in the coming years.
**Why this matters**
Understanding the growth trajectory of the permanent magnet motor market is important for stakeholders involved in manufacturing, technology development, and investment. The projected increase highlights evolving industry dynamics and the potential for innovation in energy-efficient motor solutions. This information can guide strategic planning and resource allocation in related sectors.
Source: News Source