Market Overview:
The global circular lifting magnet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for circular lifting magnets in various applications such as steel, construction, industrial, automotive, ship building and others. Additionally, the growing demand for electromagnet lifting magnets is also contributing to the growth of this market.
Product Definition:
A circular lifting magnet is a type of electromagnet used to lift and move ferrous objects. The object is placed against the face of the magnet, which creates a magnetic field that attracts the object.
Permanent Lifting Magnets:
Permanent lifting magnets are rare earth magnets, which have high energy than common magnetic materials. They are used in circular lifting magnetometers as they can attract and repell metal objects without any physical contact. Permanent Magnets made from Neodymium, Cobalt Blue and Samarium Iron Oxide (SmFeO3) is the most efficient type of Magnet for use in a Magnetic Resonance Imaging (MRI).
Electromagnet Lifting Magnets:
Electromagnetic lifting magnets are used in circular lifting magnet market for the purpose of transportation of heavy and large-sized machines, equipment or vehicles. These magnets are widely used across various industries such as automotive, aerospace & defense and construction among others. The electromagnets lift the machine or vehicle by using electromagnetic energy generated by an electric current passed through a coil located beneath the surface of a liquid metal compound (LMC).
The global Electromagnet Lifting Magnets.
Application Insights:
Steel was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Steel is one of the most widely used materials in construction industry owing to its ability to combine strength with weight, flexibility, and durability. Circular lifting magnets are used for steel recycling as they can be attracted by ferrous metal particles which remain on the surface of a steel sheet after it has been cut during manufacturing process. These magnets are also used extensively in automotive industry as they have properties such as high magnetic strength and can attract iron particles from engine parts without causing any damage or marks on them. The rising demand for vehicles along with increasing production capacities across key markets such as China, India & Russia is expected to drive growth over next few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for global circular lifting magnet, registering a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing construction activities in the region. The growth can be attributed to various factors such as growing population, rising disposable income, government initiatives for infrastructure development along with increasing foreign investments in India and China.
Europe was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to high demand from end-use industries such as steel production, automotive manufacturing, shipbuilding etc., which are based primarily in Germany; U.K.
Growth Factors:
- Increasing demand from end-use industries: The global Circular Lifting Magnet market is witnessing a significant growth due to the increasing demand from end-use industries such as automotive, aerospace, and defense.
- Growing popularity of circular lifting magnets: The growing popularity of circular lifting magnets is another key factor driving the growth of the global Circular Lifting Magnet market. These magnets are being increasingly used in various industrial applications owing to their superior performance and efficiency.
- Rising investments in research and development: The leading players in the global Circular Lifting Magnet market are investing heavily in research and development activities to develop new products that can cater to the evolving needs of consumers. This is likely to boost the overall growth of this market in the coming years.
- Technological advancements: With technological advancements, manufacturers are introducing innovative products with enhanced features that are helping them gain a larger share in this market space. This is further propellingthegrowthoftheglobalCircularLiftingMagnetmarketin thenearfuture . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Circular Lifting Magnet Market Research Report
By Type
Permanent Lifting Magnets, Electromagnet Lifting Magnets, Others
By Application
Steel, Construction, Industrial, Automotive, Ship Building, Others
By Companies
Hishiko, Walker Magnetics, SGM Magnetics, Magnetoolinc, Sarda Magnets, Eriez Manufacturing, Armstrong Magnetics, Sinfonia Technology, Ohio Magnetics, Sumitomo Heavy Industries, WOKO (Heppenstall Technology), Industrial Magnetics, Inc. (IMI), Walmag Magnetics, Evertz Group
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Circular Lifting Magnet Market Report Segments:
The global Circular Lifting Magnet market is segmented on the basis of:
Types
Permanent Lifting Magnets, Electromagnet Lifting Magnets, Others
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, Automotive, Ship Building, 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
- Walker Magnetics
- SGM Magnetics
- Magnetoolinc
- Sarda Magnets
- Eriez Manufacturing
- Armstrong Magnetics
- Sinfonia Technology
- Ohio Magnetics
- Sumitomo Heavy Industries
- WOKO (Heppenstall Technology)
- Industrial Magnetics, Inc. (IMI)
- Walmag Magnetics
- Evertz Group
Highlights of The Circular Lifting Magnet 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:
- Permanent Lifting Magnets
- Electromagnet Lifting Magnets
- Others
- By Application:
- Steel
- Construction
- Industrial
- Automotive
- Ship Building
- 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 Circular Lifting Magnet 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?
A circular lifting magnet is a type of electromagnet that has a round or oval shape. This type of magnet can be used to lift objects off the ground.
Some of the key players operating in the circular lifting magnet market are Hishiko, Walker Magnetics, SGM Magnetics, Magnetoolinc, Sarda Magnets, Eriez Manufacturing, Armstrong Magnetics, Sinfonia Technology, Ohio Magnetics, Sumitomo Heavy Industries, WOKO (Heppenstall Technology), Industrial Magnetics, Inc. (IMI), Walmag Magnetics, Evertz Group.
The circular lifting magnet market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Circular Lifting Magnet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Circular Lifting Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Circular Lifting Magnet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Circular Lifting Magnet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Circular Lifting Magnet Market Size & Forecast, 2020-2028
4.5.1 Circular Lifting Magnet Market Size and Y-o-Y Growth
4.5.2 Circular Lifting Magnet Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Permanent Lifting Magnets
5.2.2 Electromagnet Lifting Magnets
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Steel
6.2.2 Construction
6.2.3 Industrial
6.2.4 Automotive
6.2.5 Ship Building
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Circular Lifting Magnet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Circular Lifting Magnet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Permanent Lifting Magnets
9.6.2 Electromagnet Lifting Magnets
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Steel
9.10.2 Construction
9.10.3 Industrial
9.10.4 Automotive
9.10.5 Ship Building
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Permanent Lifting Magnets
10.6.2 Electromagnet Lifting Magnets
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Steel
10.10.2 Construction
10.10.3 Industrial
10.10.4 Automotive
10.10.5 Ship Building
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Permanent Lifting Magnets
11.6.2 Electromagnet Lifting Magnets
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Steel
11.10.2 Construction
11.10.3 Industrial
11.10.4 Automotive
11.10.5 Ship Building
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Permanent Lifting Magnets
12.6.2 Electromagnet Lifting Magnets
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Steel
12.10.2 Construction
12.10.3 Industrial
12.10.4 Automotive
12.10.5 Ship Building
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Permanent Lifting Magnets
13.6.2 Electromagnet Lifting Magnets
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Steel
13.10.2 Construction
13.10.3 Industrial
13.10.4 Automotive
13.10.5 Ship Building
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Circular Lifting Magnet Market: Competitive Dashboard
14.2 Global Circular Lifting Magnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hishiko
14.3.2 Walker Magnetics
14.3.3 SGM Magnetics
14.3.4 Magnetoolinc
14.3.5 Sarda Magnets
14.3.6 Eriez Manufacturing
14.3.7 Armstrong Magnetics
14.3.8 Sinfonia Technology
14.3.9 Ohio Magnetics
14.3.10 Sumitomo Heavy Industries
14.3.11 WOKO (Heppenstall Technology)
14.3.12 Industrial Magnetics, Inc. (IMI)
14.3.13 Walmag Magnetics
14.3.14 Evertz Group
