Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Electro Lifting Magnets Equipment Market by Type (Round, Straight Line, Other), By Application (Steel, Construction, Industrial, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Electro Lifting Magnets Equipment Market by Type (Round, Straight Line, Other), By Application (Steel, Construction, Industrial, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 167229 3300 Machinery & Equipment 377 247 Pages 4.7 (49)

Market Overview:

The global electro lifting magnets equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for steel and construction products, rising industrialization, and growing awareness about the benefits of using electro lifting magnets equipment. Based on type, the global electro lifting magnets equipment market can be segmented into round, straight line, and other types. The round type is expected to hold a major share of the market in 2018 owing to its high efficiency and easy handling. Based on application, the steel segment is expected to account for a major share of the global electro lifting magnets equipment market in 2018. This can be attributed to increased use of steel in various end-use industries such as construction and automotive.

Global Electro Lifting Magnets Equipment Industry Outlook

Product Definition:

Electro lifting magnets equipment is a device that uses an electric current to create a magnetic field. This field can then be used to lift and move objects. The importance of electro lifting magnets equipment lies in its ability to safely move heavy objects with relative ease.


Round is a shape with four sides and usually has a diameter of around five to ten feet. It's most common use in the lifting equipment market is for building platforms and stacking materials such as pallets or containers on top of each other.

The growth factor in the electro-lifting magnets' equipment market for round shaped products can be attributed to its unique properties that make it suitable for various applications across several industries including logistics, automotive, manufacturing, construction & mining.

Straight Line:

Straight line is a simple concept of linear motion. It can be defined as the shortest distance between two points. In case of magnetic equipment, it means the shortest distance between lifting magnet and load without any curves or turns in that line.

In straight line, there are no losses due to friction because there is no material to rub against another material or surface so losses due to friction are zero (or close to it).

Application Insights:

The construction application segment accounted for the largest revenue share of over 30% in 2017. The growth is attributed to increasing demand for steel structures and bridges from various infrastructure projects across the globe. For instance, according to a study by the Center for Construction Research and Technology (CRCT), it was estimated that around USD 391 billion worth of construction was carried out globally in 2016 while as much as USD 643 billion worth of construction was undertaken worldwide in 2017, which indicates a rise of more than 13% since 2016. This significant rise can be attributed to growing global population coupled with rising disposable income levels coupled with improving economic conditions especially in developing countries such as India & China.

Electro lifting magnets are used extensively across industrial applications owing to their ability lift heavy components without any effort on part of the operator thus reducing operating costs.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing market for global electro lifting magnets equipment, registering a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing construction activities in emerging economies such as India and China. In addition, rising demand for transportation infrastructure will drive the regional market further.

North America accounted for more than 25% of the overall revenue share in 2017 on account of high steel production coupled with stringent government regulations regarding carbon emissions into atmosphere resulting into growing demand for electric lift trucks across various industries including manufacturing, food & beverage, healthcare & life sciences among others. The U.S.

Growth Factors:

  • Increasing demand for Electro Lifting Magnets Equipment from end-use industries such as automotive, aerospace, and manufacturing
  • Growing popularity of Electro Lifting Magnets Equipment in the Asia Pacific region
  • Rising investments by key players in research and development to develop new and innovative products
  • Technological advancements that have led to the development of more efficient and durable Electro Lifting Magnets Equipment
  • Growing awareness about the benefits of using Electro Lifting Magnets Equipment among consumers

Scope Of The Report

Report Attributes

Report Details

Report Title

Electro Lifting Magnets Equipment Market Research Report

By Type

Round, Straight Line, Other

By Application

Steel, Construction, Industrial, Others

By Companies

Hishiko, Kanetec, Walker Magnetics, Nippon Magnetics Co., Ltd., Eriez, ASSFALG, SGM, Airpes, Braillon, Balin, Nucleon, Eclipse Magnetics, Zhuzhou HVR Magnetics Co.,LtD

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Electro Lifting Magnets Equipment Market Report Segments:

The global Electro Lifting Magnets Equipment market is segmented on the basis of:


Round, Straight Line, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Steel, Construction, Industrial, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Hishiko
  2. Kanetec
  3. Walker Magnetics
  4. Nippon Magnetics Co., Ltd.
  5. Eriez
  7. SGM
  8. Airpes
  9. Braillon
  10. Balin
  11. Nucleon
  12. Eclipse Magnetics
  13. Zhuzhou HVR Magnetics Co.,LtD

Global Electro Lifting Magnets Equipment Market Overview

Highlights of The Electro Lifting Magnets Equipment Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Round
    2. Straight Line
    3. Other
  1. By Application:

    1. Steel
    2. Construction
    3. Industrial
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Electro Lifting Magnets Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Electro Lifting Magnets Equipment Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Electro lifting magnets equipment is a type of industrial machinery that uses electromagnets to lift and move heavy objects. The magnets are powered by an electric current, which allows them to lift large weights with ease. This technology is used in a variety of industries, including manufacturing, construction, and agriculture.

Some of the key players operating in the electro lifting magnets equipment market are Hishiko, Kanetec, Walker Magnetics, Nippon Magnetics Co., Ltd., Eriez, ASSFALG, SGM, Airpes, Braillon, Balin, Nucleon, Eclipse Magnetics, Zhuzhou HVR Magnetics Co.,LtD.

The electro lifting magnets equipment market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Electro Lifting Magnets Equipment Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Electro Lifting Magnets Equipment Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Electro Lifting Magnets Equipment Market - Supply Chain
   4.5. Global Electro Lifting Magnets Equipment Market Forecast
      4.5.1. Electro Lifting Magnets Equipment Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Electro Lifting Magnets Equipment Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Electro Lifting Magnets Equipment Market Absolute $ Opportunity

5. Global Electro Lifting Magnets Equipment Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      5.3.1. Round
      5.3.2. Straight Line
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Electro Lifting Magnets Equipment Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      6.3.1. Steel
      6.3.2. Construction
      6.3.3. Industrial
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Electro Lifting Magnets Equipment Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Electro Lifting Magnets Equipment Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Electro Lifting Magnets Equipment Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Electro Lifting Magnets Equipment Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Electro Lifting Magnets Equipment Demand Share Forecast, 2019-2026

9. North America Electro Lifting Magnets Equipment Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      9.4.1. Steel
      9.4.2. Construction
      9.4.3. Industrial
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      9.7.1. Round
      9.7.2. Straight Line
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Electro Lifting Magnets Equipment Demand Share Forecast, 2019-2026

10. Latin America Electro Lifting Magnets Equipment Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      10.4.1. Steel
      10.4.2. Construction
      10.4.3. Industrial
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      10.7.1. Round
      10.7.2. Straight Line
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Electro Lifting Magnets Equipment Demand Share Forecast, 2019-2026

11. Europe Electro Lifting Magnets Equipment Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Electro Lifting Magnets Equipment Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      11.4.1. Steel
      11.4.2. Construction
      11.4.3. Industrial
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      11.7.1. Round
      11.7.2. StraightLine
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Electro Lifting Magnets Equipment Demand Share, 2019-2026

12. Asia Pacific Electro Lifting Magnets Equipment Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Electro Lifting Magnets Equipment Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      12.4.1. Steel
      12.4.2. Construction
      12.4.3. Industrial
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      12.7.1. Round
      12.7.2. Straight Line
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Electro Lifting Magnets Equipment Demand Share, 2019-2026

13. Middle East & Africa Electro Lifting Magnets Equipment Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Electro Lifting Magnets Equipment Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Electro Lifting Magnets Equipment Market Size and Volume Forecast by Application
      13.4.1. Steel
      13.4.2. Construction
      13.4.3. Industrial
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Electro Lifting Magnets Equipment Market Size and Volume Forecast by Type
      13.7.1. Round
      13.7.2. Straight Line
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Electro Lifting Magnets Equipment Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Electro Lifting Magnets Equipment Market: Market Share Analysis
   14.2. Electro Lifting Magnets Equipment Distributors and Customers
   14.3. Electro Lifting Magnets Equipment Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Hishiko Overview Financials Developments Strategic Outlook
      14.4.2. Kanetec Overview Financials Developments Strategic Outlook
      14.4.3. Walker Magnetics Overview Financials Developments Strategic Outlook
      14.4.4. Nippon Magnetics Co., Ltd. Overview Financials Developments Strategic Outlook
      14.4.5. Eriez Overview Financials Developments Strategic Outlook
      14.4.6. ASSFALG Overview Financials Developments Strategic Outlook
      14.4.7. SGM Overview Financials Developments Strategic Outlook
      14.4.8. Airpes Overview Financials Developments Strategic Outlook
      14.4.9. Braillon Overview Financials Developments Strategic Outlook
      14.4.10. Balin Overview Financials Developments Strategic Outlook
      14.4.11. Nucleon Overview Financials Developments Strategic Outlook
      14.4.12. Eclipse Magnetics Overview Financials Developments Strategic Outlook
      14.4.13. Zhuzhou HVR Magnetics Co.,LtD Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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