Global Scrap Lifting Magnets Market Insights and Forecast to 2028

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.
Scrap Lifting Magnets are widely used in scrap processing and recycling industry.
Market Analysis and Insights: Global Scrap Lifting Magnets Market
Due to the COVID-19 pandemic, the global Scrap Lifting Magnets market size is estimated to be worth US$ 400 million in 2022 and is forecast to a readjusted size of US$ 474.8 million by 2028 with a CAGR of 2.9% during the review period. Fully considering the economic change by this health crisis, Rectangular Magnets accounting for % of the Scrap Lifting Magnets global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Foundry Industries segment is altered to an % CAGR throughout this forecast period.
Global key players of Scrap Lifting Magnets include Walker Magnetics (Industrial Magnetics), SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec and MLTUS, etc. Top three players occupy for a share about 18%. Asia-Pacific is the largest market, with a share about 55%, followed by North America and Europe. In terms of product, Circular Magnets is the largest segment, with a share over 87%. In terms of application, Recycling Industries is the largest market, with a share over 44%.
In terms of production side, this report researches the Scrap Lifting Magnets capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Scrap Lifting Magnets by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Scrap Lifting Magnets Scope and Segment
Scrap Lifting Magnets market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Scrap Lifting Magnets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Rectangular Magnets
Circular Magnets
Segment by Application
Foundry Industries
Recycling Industries
Others
By Company
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
MLTUS
Braillon Magnetics
Production by Region
North America
Europe
China
Japan
India
Middle East
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE