A magnetic drive apparatus includes first and second magnet carriers carrying first and second permanent magnet arrangements. An intermediate magnet carrier disposed between the first and second magnet carriers carries a third permanent magnet arrangement. The magnet carriers are arranged for rotation relative to each other such that the magnet arrangements produce magnetic interactions that result in power stroke forces causing the magnet carriers to undergo relative reciprocation in first and second stroke directions during power zone portions of the relative rotation. The magnetic interactions impart substantially no power stroke forces during dead zone portions of the relative rotation. The dead zones include magnet carrier relative rotation positions wherein opposing magnetic poles are mutually coaxially aligned but produce a substantially equal balance of push and pull magnetic forces. The apparatus may be synchronized so that the dead zones coincide with top dead center and bottom dead center relative reciprocation positions.