The electric tool market is booming, and the demand for neodymium-iron-boron magnets is rising accordingly.

With the vigorous development of new energy infrastructure and smart home renovation markets, the electric tool industry has entered a period of explosive growth, driving a sharp increase in demand for neodymium-iron-boron (NdFeB) magnets—a core component. Data shows that global shipments of cordless electric tools surpassed 230 million units in 2024, marking a 28% year-on-year increase. Among them, high-end models equipped with NdFeB magnets accounted for 65%, propelling a 40% year-on-year surge in related magnet procurement.

Cordless and lightweight designs have become the mainstream trend in electric tool development. Leveraging their high energy product characteristics, NdFeB magnets have emerged as the key material for miniaturizing motors. Compared with traditional ferrite magnets, NdFeB magnets enable a 50% increase in motor power density, a 30% extension in battery life, and a 25% reduction in weight for electric tools. Bosch's GDS 18V-450 brushless impact wrench, featuring N48H-grade NdFeB magnets, delivers a torque of 450 N·m while weighing 180 grams less than competing models, making it widely popular in construction applications.

Domestic magnet manufacturers are accelerating capacity expansion. Zhongke Sanhuan's newly commissioned 8,000-ton high-performance NdFeB production line, which went into operation last month, focuses exclusively on the electric tool sector. Its products achieve a coercivity exceeding 20 kOe and maintain stable performance in temperatures ranging from -40°C to 120°C. Meanwhile, Ningbo Yunsheng has forged strategic partnerships with leading brands such as Makita and Dewalt, developing customized irregularly shaped magnet assemblies that improve motor assembly efficiency by 20%.

Industry reports indicate that with advancements in lithium battery technology, the penetration rate of cordless electric tools is expected to rise from the current 58% to 75% by 2026. The market size for NdFeB magnets used in electric tools is projected to exceed 3.5 billion yuan by then, becoming a significant growth driver for rare-earth permanent magnet applications.