Permanent Magnet Motor Market Size, Share, Trend, Growth 2026-2035
The global permanent magnet motor market was valued at USD 58.79 billion in 2025 and is projected to reach USD 132.45 billion by the end of 2035, rising at a CAGR of 9.7% during the forecast period. These headline figures reflect accelerating adoption across automotive electrification, industrial automation, and renewable-power generation applications where high-efficiency, compact electric machines are preferred.
Permanent Magnet Motor Industry Demand