The Global NdFeB Permanent Magnet Materials for Elevators Market was valued at USD 316.50 Million in 2023 and is projected to reach USD 617.04 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.70% during the forecast period (2024–2032). This growth is driven by increasing urbanization, rising demand for energy-efficient elevator systems, and modernization of aging elevator infrastructure worldwide.
As building heights increase and smart city initiatives accelerate globally, NdFeB magnets have become indispensable for elevator motor efficiency and precision control. In this blog, we profile the Top 10 Companies in the NdFeB Permanent Magnet Materials for Elevators Industry—specialty material manufacturers and rare-earth technology leaders shaping the future of vertical transportation.
🔟 1. Vacuumschmelze GmbH
Headquarters: Hanau, Germany
Key Offering: Sintered NdFeB magnets, Bonded Magnets
VAC is a global leader in advanced magnetic solutions, supplying high-performance NdFeB magnets for elevator traction systems. Their VACODYM and VACOMAX product lines offer exceptional temperature stability and corrosion resistance—critical for elevator applications.
Innovation Focus:
- R&D in high-coercivity magnet grades for compact motors
- Patented coating technologies for harsh environments
- Custom magnetic circuit design services
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NdFeB Permanent Magnet Materials for Elevators Market – View in Detailed Research Report
9️⃣ 2. Hitachi Metals, Ltd.
