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.
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:
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
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:
Types
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.
Applications
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:
- Hishiko
- Kanetec
- Walker Magnetics
- Nippon Magnetics Co., Ltd.
- Eriez
- ASSFALG
- SGM
- Airpes
- Braillon
- Balin
- Nucleon
- Eclipse Magnetics
- Zhuzhou HVR Magnetics Co.,LtD
Highlights of The Electro Lifting Magnets Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Round
- Straight Line
- Other
- By Application:
- Steel
- Construction
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kanetec
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Walker Magnetics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Magnetics Co., Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Eriez
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ASSFALG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SGM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Airpes
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Braillon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Balin
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nucleon
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eclipse Magnetics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhuzhou HVR Magnetics Co.,LtD
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
