The global Scrap Lifting Magnets market was valued at US$ 383.4 million in 2019 and it is expected to reach US$ 670.6 million by the end of 2026, growing at a CAGR of 9.2% during 2021-2026.
Lifting Electromagnet (Lifting Magnet) is special equipment which utilizes the electric & magnetic physical quantity to lift attached materials and has become indispensable when to lift and transport ferromagnetism materials in lines of metallurgy, mine, machinery, shipbuilding and transportation, etc., and it can also be used as electromagnetic manipulator, magnetic force centering, bar length fixing and so on in some fields.
In 2019, Europe, accounting for 27.79% of the production market, had the largest capacity of manufacturing scrap lifting magnets around world. As for North America and China, which respectively ranked the second and the third, took up 24.12% and 19.88% of the market.
In terms of application, scrap lifting magnets are used in foundry industries and recycling Industries.
Global Scrap Lifting Magnets Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Scrap Lifting Magnets Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Walker Magnetics, SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec, Magnetic Lifting Technologies US (MLTUS), Magnet Lifting, Woko (Heppenstall Technology), Sumitomo Heavy Industries, Gauss Magneti, Electro Magnetic Industries, Elektromag, Walmag Magnetics, Longi Magnet, Adoba GmbH, Papko Magnet Co., Gensco Equipment, Zanetti Magneti, Evertz Group, Yate Magnetics, Hunan Kemeida Electric, Wrinkle Industries, Sarda Magnets, Kakku E & P Control Co., Moley Magnetics and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Rectangular Magnets
- Circular Magnets
Segment by Application
- Foundry Industries
- Recycling Industries
Table of Content:
1 Scrap Lifting Magnets Market Overview
2 Scrap Lifting Magnets Market Competition by Manufacturers
3 Scrap Lifting Magnets Retrospective Market Scenario by Region
4 Global Scrap Lifting Magnets Historic Market Analysis by Type
5 Global Scrap Lifting Magnets Historic Market Analysis by Application
6 Key Companies Profiled
7 Scrap Lifting Magnets Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Scrap Lifting Magnets Market Dynamics
10 Global Scrap Lifting Magnets Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.