Japan Permanent Magnet Motor Market Size, Share, and COVID-19 Impact Analysis, By Type (Surface Permanent Magnet Synchronous Motor and Interior Permanent Magnet Synchronous Motor), By Material Composition (Aluminum, Iron, Nickel, Copper, Cobalt, and Others), and Japan Permanent Magnet Motor Market Insights, Industry Trend, Forecasts to 2035

Japan Permanent Magnet Motor Market Insights Forecasts to 2035

• The Japan Permanent Magnet Motor Market Size is Expected to Grow at a CAGR of around 9.50% from 2025 to 2035
• The Japan Permanent Magnet Motor Market Size is Expected to hold a significant share by 2035

According to a research report published by Spherical Insights & Consulting, the Japan Permanent Magnet Motor Market Size is Anticipated to hold a significant share by 2035, Growing at a CAGR of 9.50% from 2025 to 2035. This is due to increasing demand for energy-efficient motors in electric vehicles, industrial automation, and renewable energy systems. Government initiatives supporting green technologies and Japan’s strong manufacturing base further contribute to sustained market expansion.  

Market Overview

The market for permanent magnet motors in Japan involves the production, distribution, and use of motors that use permanent magnets to create a persistent magnetic field without the need for external excitation. The motors play a vital role in different industries, such as automotive, industrial automation, robotics, and renewable energy, because they have high efficiency, light weight, and excellent performance properties. The Japan permanent magnet motor market offers high growth prospects spurred by rising demand for energy-efficient solutions in the automotive, industrial, and consumer electronics industries. Rising electric vehicle adoption, development in robotics, and growing renewable energy infrastructure are prime drivers. Government policies promoting clean energy and energy savings further drive market growth. Also, Japan's robust R&D strengths and manufacturing capabilities are well-suited to drive innovation in high-performance permanent magnet motors for future-generation applications, driving both domestic and export potential.

Report Coverage

This research report categorizes the market for the Japan permanent magnet motor market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan permanent magnet motor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan permanent magnet motor market.

Driving Factors

The permanent magnet motor market in Japan is propelled by increased demand for efficient and high-performance motors in most industries, including automotive, electronics, and manufacturing. The increase in electric vehicle (EVs) adoption is a primary factor, as permanent magnet motors play a critical role in EV powertrains based on their torque density and efficiency. Japan's dedicated emphasis on carbon neutrality and environmental sustainability further contributes to the market, as such motors contribute to energy conservation. Advances in motor design and magnet materials are improving performance and lessening dependency on rare earth materials. Government incentives supporting industrial automation and clean energy technologies are also propelling adoption across industries. The growing application of robotics, HVAC, and consumer electronics with small, high-efficiency motors also makes a major contribution to market growth over the forecast period.

Restraining Factors

The Japan permanent magnet motor market is hindered by high initial investment costs on account of the costly rare-earth materials that must be used for production. Disruptions in supply chains and volatility in prices for such materials, which are frequently imported from scarce sources, are threats. Technological complexity and competition from other motor technologies are also inhibiting widespread use across all industrial and automotive applications.

Market Segmentation

The Japan permanent magnet motor market share is classified into type and material composition.

• The surface permanent magnet synchronous motor segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan permanent magnet motor market is segmented by type into surface permanent magnet synchronous motor and interior permanent magnet synchronous motor. Among these, the surface permanent magnet synchronous motor segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is attributed to its high efficiency, compact design, and excellent power density. These motors are increasingly preferred in electric vehicles, robotics, and industrial automation, where performance and energy efficiency are critical, driving substantial growth during the forecast period.

• The iron segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Japan permanent magnet motor market is segmented by material composition into aluminum, iron, nickel, copper, cobalt, and others. Among these, the iron segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is attributed to its cost-effectiveness, availability, and essential role in manufacturing permanent magnets used in motors. Its magnetic properties make it an ideal choice for various applications, including automotive and industrial sectors. Increased demand for energy-efficient motors is expected to drive growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan permanent magnet motor market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nidec Corporation
• Yaskawa Electric Corporation
• Oriental Motor Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• Shin-Etsu Chemical Co., Ltd.
• Hitachi Metals, Ltd.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan permanent magnet motor market based on the below-mentioned segments:

Japan Permanent Magnet Motor Market, By Type

• Surface Permanent Magnet Synchronous Motor
• Interior Permanent Magnet Synchronous Motor

Japan Permanent Magnet Motor Market, By Material Composition

• Aluminum
• Iron
• Nickel
• Copper
• Cobalt
• Others