Magnets, as a common functional material, find extensive applications across numerous industries and daily life. Based on precision requirements, they are categorized into precision magnets and non-precision magnets, which exhibit certain differences in production processes, material selection, dimensional tolerances, and other aspects. Further details are provided below.
First, regarding terminology, precision magnets refer to those manufactured with stringent requirements for magnetic properties, dimensions, tolerances, and other specifications, exhibiting high precision and consistency. These magnets are typically employed in applications demanding superior magnetic performance and operating under demanding conditions, such as high-precision machinery, precision instruments, precision electronics, and optical systems.
Non-precision magnets are those manufactured with lower precision requirements during production. They are typically used in applications with less stringent magnetic force demands, such as common household appliances, toys, decorative items, leather goods, and packaging. These magnets feature relatively larger dimensional tolerances.
The accompanying image shows a samarium cobalt circular magnet

In terms of manufacturing processes, precision magnets typically employ high-precision production techniques, often requiring intricate machining and stringent quality control. Non-precision magnets, on the other hand, utilize relatively simple production methods that do not necessitate strict tolerance control.
In terms of dimensional tolerances, precision magnets typically have an error range within ±0.02mm, whereas non-precision magnets exhibit larger dimensional tolerances, often with errors of ±0.1mm or greater.
In terms of magnetic properties, the magnetic characteristics are highly stable and consistent, with minimal variation in the surface magnetic field range. Non-precision magnets may exhibit some fluctuation in magnetic properties, though this poses little issue for standard magnetic adhesion applications.
In terms of pricing, precision magnets demand high accuracy and involve more manufacturing processes, resulting in higher production costs and consequently a relatively higher price. Non-precision magnets, on the other hand, are significantly more affordable.
The above points outline several key differences between precision magnets and non-precision magnets. The choice between them depends on the specific requirements of the application and the cost budget.
Product Recommendations;
6.3mm x 3mm x 11mm radial hollow cylindrical rotor magnet
China Neodymium And Ferrite Magnets Manufacturer & Supplier