Market Overview:
The global electro permanent magnetic chuck 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 precision machining and automation across various industries. In addition, the growing demand for high-performance machines has led to an increase in the adoption of electro permanent magnetic chucks in grinding, milling, cutting and lathe machines. Based on type, the global electro permanent magnetic chuck market is segmented into rectangular electromagnetic chucks and round electromagnetic chucks. Rectangular electromagnetic chucks are expected to account for a larger share of the market than round electromagnetic chucks during the forecast period.
Product Definition:
An electro permanent magnetic chuck is a device that uses the power of electricity to create a permanent magnet. This magnet can then be used to hold objects in place. Electro permanent magnetic chucks are important because they provide a strong, stable hold for objects that need to be machined or worked on.
Rectangular Electromagnetic Chucks:
Rectangular Electromagnetic Chucks (REMC) is a new technology that uses electromagnetic force for the extraction of material from the earth. It's main advantages are cost-effectiveness and ease of use. The market size was estimated to be USD 3,IVI in 2016 which is expected to grow at a CAGR of XX% over the forecast period.
Round Electromagnetic Chucks:
Round electromagnetic chucks are used in electro-permanent magnetic chucks. They are available in two forms, depending upon the size of the magnet and form factor. The smaller ones are commonly known as miniature or microchips and can be found on hand-held devices such as mobile phones, music players, GPS systems etc. The larger type is used for industrial applications such as hard drives and computer peripherals among others.
Application Insights:
The grinding machines segment dominated the global market in 2017. The permanent magnets used in these machines attract and hold metal particles, thus making them magnetic. These magnets are attracted to the steel balls or ceramic discs that are used as a grinding media inside the machine. Thus, these electromagnets act as a motor when electricity is passed through them; they turn at speeds proportional to the electrical current passing through them.
Electro-permanent magnet motors have applications across several industries including construction, automotive & transportation and medical equipment & devices among others owing to their ability to provide high precision and control over larger areas of work surfaces compared with conventional electric motors. This has led to an increased demand for electro-permanent magnetic chuck solutions across various industries globally over recent years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for metal cutting machines in countries, such as China and Japan. In addition, rising number of manufacturing industries in these countries is anticipated to fuel product demand further.
The electro permanent magnetic chuck market in Europe was valued at more than USD X billion in 2017 owing to high production of machinery and equipment across major economies including Germany, Italy, France and Russia. Moreover, presence of numerous machine manufacturers coupled with growing requirement from automotive sector will drive the regional market further.
Growth Factors:
- Increasing demand for Electro Permanent Magnetic Chucks in the automotive and aerospace industries due to the advantages offered by these chucks over traditional clamps and vises.
- Growing popularity of Electro Permanent Magnetic Chucks among small- and medium-scale enterprises due to their low cost and easy installation.
- Rising demand for precision machining operations, which is driving the adoption of Electro Permanent Magnetic Chucks in various industrial sectors.
- Technological advancements that have led to the development of more efficient and durable Electro Permanent Magnetic Chucks models.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electro Permanent Magnetic Chucks Market Research Report
By Type
Rectangular Electromagnetic Chucks, Round Electromagnetic Chucks
By Application
Grinding Machines, Milling Machine, Cutting Machines, Lathe Machines, Others
By Companies
Kanetec, Eclipse Magnetics (Spear & Jackson), GUANG DAR Magnet, Hishiko Corporation, Walmag Magnetics, Magnetool, Inc., Sarda Magnets Group, Walker Magnetics (Alliance Holdings), Braillon Magnetics, Tecnomagnete S.p.A., Earth-Chain Enterprise, Magna-Lock USA (Obsidian Manufacturing Industries), Uptech Engineering, 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Electro Permanent Magnetic Chucks Market Report Segments:
The global Electro Permanent Magnetic Chucks market is segmented on the basis of:
Types
Rectangular Electromagnetic Chucks, Round Electromagnetic Chucks
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
Grinding Machines, Milling Machine, Cutting Machines, Lathe Machines, 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:
- Kanetec
- Eclipse Magnetics (Spear & Jackson)
- GUANG DAR Magnet
- Hishiko Corporation
- Walmag Magnetics
- Magnetool, Inc.
- Sarda Magnets Group
- Walker Magnetics (Alliance Holdings)
- Braillon Magnetics
- Tecnomagnete S.p.A.
- Earth-Chain Enterprise
- Magna-Lock USA (Obsidian Manufacturing Industries)
- Uptech Engineering
- HVR Magnetics Co., Ltd
Highlights of The Electro Permanent Magnetic Chucks 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:
- Rectangular Electromagnetic Chucks
- Round Electromagnetic Chucks
- By Application:
- Grinding Machines
- Milling Machine
- Cutting Machines
- Lathe Machines
- 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks are a type of tool that uses magnets to hold metal parts in place. They are often used in manufacturing and construction to hold pieces of metal together while they are being machined or welded.
Some of the key players operating in the electro permanent magnetic chucks market are Kanetec, Eclipse Magnetics (Spear & Jackson), GUANG DAR Magnet, Hishiko Corporation, Walmag Magnetics, Magnetool, Inc., Sarda Magnets Group, Walker Magnetics (Alliance Holdings), Braillon Magnetics, Tecnomagnete S.p.A., Earth-Chain Enterprise, Magna-Lock USA (Obsidian Manufacturing Industries), Uptech Engineering, HVR Magnetics Co., Ltd.
The electro permanent magnetic chucks market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electro Permanent Magnetic Chucks Market - Supply Chain
4.5. Global Electro Permanent Magnetic Chucks Market Forecast
4.5.1. Electro Permanent Magnetic Chucks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electro Permanent Magnetic Chucks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electro Permanent Magnetic Chucks Market Absolute $ Opportunity
5. Global Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Type
5.3.1. Rectangular Electromagnetic Chucks
5.3.2. Round Electromagnetic Chucks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
6.3.1. Grinding Machines
6.3.2. Milling Machine
6.3.3. Cutting Machines
6.3.4. Lathe Machines
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Demand Share Forecast, 2019-2026
9. North America Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
9.4.1. Grinding Machines
9.4.2. Milling Machine
9.4.3. Cutting Machines
9.4.4. Lathe Machines
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electro Permanent Magnetic Chucks Market Size and Volume Forecast by Type
9.7.1. Rectangular Electromagnetic Chucks
9.7.2. Round Electromagnetic Chucks
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 Permanent Magnetic Chucks Demand Share Forecast, 2019-2026
10. Latin America Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
10.4.1. Grinding Machines
10.4.2. Milling Machine
10.4.3. Cutting Machines
10.4.4. Lathe Machines
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electro Permanent Magnetic Chucks Market Size and Volume Forecast by Type
10.7.1. Rectangular Electromagnetic Chucks
10.7.2. Round Electromagnetic Chucks
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 Permanent Magnetic Chucks Demand Share Forecast, 2019-2026
11. Europe Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
11.4.1. Grinding Machines
11.4.2. Milling Machine
11.4.3. Cutting Machines
11.4.4. Lathe Machines
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electro Permanent Magnetic Chucks Market Size and Volume Forecast by Type
11.7.1. Rectangular Electromagnetic Chucks
11.7.2. Round Electromagnetic Chucks
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 Permanent Magnetic Chucks Demand Share, 2019-2026
12. Asia Pacific Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
12.4.1. Grinding Machines
12.4.2. Milling Machine
12.4.3. Cutting Machines
12.4.4. Lathe Machines
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electro Permanent Magnetic Chucks Market Size and Volume Forecast by Type
12.7.1. Rectangular Electromagnetic Chucks
12.7.2. Round Electromagnetic Chucks
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 Permanent Magnetic Chucks Demand Share, 2019-2026
13. Middle East & Africa Electro Permanent Magnetic Chucks 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 Permanent Magnetic Chucks 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Application
13.4.1. Grinding Machines
13.4.2. Milling Machine
13.4.3. Cutting Machines
13.4.4. Lathe Machines
13.4.5. 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 Permanent Magnetic Chucks Market Size and Volume Forecast by Type
13.7.1. Rectangular Electromagnetic Chucks
13.7.2. Round Electromagnetic Chucks
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 Permanent Magnetic Chucks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electro Permanent Magnetic Chucks Market: Market Share Analysis
14.2. Electro Permanent Magnetic Chucks Distributors and Customers
14.3. Electro Permanent Magnetic Chucks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kanetec
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eclipse Magnetics (Spear & Jackson)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GUANG DAR Magnet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hishiko Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Walmag Magnetics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Magnetool, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sarda Magnets Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Walker Magnetics (Alliance Holdings)
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 Magnetics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tecnomagnete S.p.A.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Earth-Chain Enterprise
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Magna-Lock USA (Obsidian Manufacturing Industries)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Uptech Engineering
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HVR Magnetics Co., Ltd
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