The Europe Rare Earth Magnet for EV Motor market size was valued at US$ 1.58 billion in 2024 and is projected to reach US$ 3.28 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period (2024–2030). This rapid expansion is driven by accelerating EV adoption across European markets, with Germany commanding 44% market share and demand for direct drive motors accounting for 72% of magnet applications.
As automakers intensify their electrification strategies, a select group of European specialists and global players with strong regional presence are emerging as critical suppliers. This report profiles the Top 10 Companies in the Europe Rare Earth Magnet for EV Motor Industry – from German innovators to Belgian materials science leaders shaping sustainable mobility solutions.
🔟 1. Vacuumschmelze GmbH & Co. KG
Headquarters: Hanau, Germany
Key Offering: Sintered NdFeB magnets, Custom magnet solutions
Vacuumschmelze (VAC) dominates Europe’s high-performance magnet sector with specialized NdFeB products meeting stringent automotive requirements. The company supplies multiple European EV manufacturers with traction motor magnets.
Technical Capabilities:
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Dysprosium-reduced magnet formulations
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Automotive-grade thermal stability up to 180°C
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Full vertical integration from alloy production
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9️⃣ 2. Umicore
Headquarters: Brussels, Belgium
Key Offering: Rare earth alloys, Magnet recycling
Umicore’s closed-loop solutions address critical supply chain challenges through rare earth recycling technologies. The company provides vital dysprosium and terbium alloys for temperature-stable automotive magnets.
Sustainability Initiatives:
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Industrial-scale magnet recycling infrastructure
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Strategic partnerships with OEM recycling programs
8️⃣ 3. Rhodia Group (Solvay)
Headquarters: La Rochelle, France
Key Offering: Rare earth separation, Magnet precursors
As Solvay’s rare earth division, Rhodia provides essential upstream support with Europe’s largest rare earth separation capabilities. The La Rochelle facility processes neodymium and praseodymium for magnet producers.
Strategic Position:
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Key supplier to European and Japanese magnet makers
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Specialty heavy rare earth separation technology
7️⃣ 4. Arnold Magnetic Technologies
Headquarters: Sheffield, UK
Key Offering: Precision assemblies, Bonded magnets
Arnold’s UK facilities specialize in complex magnet assemblies for premium EVs, serving multiple luxury automakers. Their expertise in bonded magnet technology enables intricate motor designs.
Manufacturing Advantages:
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±0.01mm tolerance control
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Advanced magnetization techniques
Download FREE Sample Report: Europe Rare Earth Magnet for EV Motor Market – View in Detailed Research Report
6️⃣ 5. SG Magnets
Headquarters: Brierley Hill, UK
Key Offering: Cost-competitive sintered NdFeB
SG Magnets focuses on high-volume sintered magnet production for mainstream EV applications. The company benefits from UK government support for localized EV supply chains.
Market Position:
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Preferred supplier for British EV manufacturers
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Quick-turn prototyping capabilities
5️⃣ 6. Lynas Corporation
European Operations: Germany, Estonia
Key Offering: Rare earth oxides, Raw materials
The Australian company strengthens Europe’s magnet supply chain through its German separation plant and planned Estonian processing facility targeting heavy rare earths.
Strategic Developments:
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€50 million European processing investment
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Long-term supply agreements with European OEMs
4️⃣ 7. BGRIMM Technology Group
European Presence: Germany, Sweden
Key Offering: Magnet production equipment
China’s BGRIMM accelerates European magnet capacity expansion through technology transfers, providing complete production lines and process optimization expertise.
Technology Partnerships:
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Turnkey magnet plant installations
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Powder metallurgy consulting services
3️⃣ 8. Shin-Etsu Chemical
European Operations: Netherlands, Germany
Key Offering: Ultra-high purity rare earth metals
Shin-Etsu supplies critical 99.99% purity rare earth metals to European magnet producers, with stringent quality controls ensuring consistent batch performance.
Quality Leadership:
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Single-digit ppm impurity levels
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Tight composition control
2️⃣ 9. TDK Corporation
European Headquarters: Düsseldorf, Germany
Key Offering: Integrated e-drive solutions
TDK combines its magnet expertise with motor design capabilities to deliver complete electric drive solutions to European automakers.
System Integration:
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Co-engineering with tier-one suppliers
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Thermal performance optimization
1️⃣ 10. Molycorp Magnequench
European Operations: Estonia, Poland
Key Offering: Magnet powders, Bonded materials
Now under MP Materials, Magnequench’s European facilities provide critical inputs for bonded magnet production, with ongoing capacity expansions.
Capacity Growth:
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New powder production lines in Estonia
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Poland facility upgrades for EV applications
Get Full Report Here: Europe Rare Earth Magnet for EV Motor Market – View in Detailed Research Report
⚡ Outlook: Accelerating Growth in Europe’s EV Magnet Market
The European rare earth magnet sector is undergoing rapid transformation as automakers increasingly localize EV production. With German manufacturers driving 44% of regional demand, suppliers are expanding capacity to secure critical supply chains.
🔋 Key Market Trends:
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Vertical integration from raw materials to finished magnets
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Technology development to reduce heavy rare earth reliance
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Circular economy initiatives for end-of-life magnet recovery
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Strategic partnerships ensuring long-term material security
Get Full Report Here: Europe Rare Earth Magnet for EV Motor Market – View in Detailed Research Report
These industry leaders are not just component suppliers—they’re enabling Europe’s transition to sustainable electric mobility through advanced magnetic solutions.
