Market Overview:
The global magnetic bulk lifter 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 bulk material handling equipment in various industries, such as residential, commercial, and industrial sectors. Magnetic bulk lifters are used for handling materials that are difficult to move manually or with traditional equipment. These lifters use magnets to hold and move the material, which reduces manual labor and increases efficiency. The global magnetic bulk lifter market can be segmented on the basis of type into heavy duty and light duty magnetic bulklifters. On the basis of application, the market can be segmented into residential, commercial, and industrial applications.
Product Definition:
A magnetic bulk lifter is a device that uses magnets to lift and move objects. They are often used in industrial settings to move heavy objects that are difficult to move manually. Magnetic bulk lifters can be used for a variety of tasks, such as moving large pieces of metal or lifting heavy sacks of grain.
Heavy Duty:
Heavy-duty (HD) is a generic term used for products that are intended to be used in lifting heavy loads over short distances. The HD product segment includes trucks, tippers, tractors and other types of equipment.
Magnetic bulk lifters have been designed primarily to handle large quantities of materials such as steel or iron ore at the same time using magnetic levitation rather than mechanical means of lifting or traction.
Light Duty:
Light duty is a general purpose lifting equipment used to transfer materials such as small parts, tools, and light-weighted objects. It can be used for both indoor and outdoor operations. The magnetic bulk lifter (MBL) is an example of light duty equipment that uses strong magnets to lift heavy loads from storage shelves or pallets without the need for physical contact between the operator and the load.
Application Insights:
The global magnetic bulk lifter market has been segmented on the basis of application into residential and commercial. The residential sector accounted for a major share in 2017, which can be attributed to increasing disposable income and population in developing countries including India, China, Brazil etc. Furthermore, growing urbanization is resulting in increased construction activities across the globe which will further fuel demand over the forecast period.
Commercial segment is expected to witness significant growth over the forecast period owing to rapid industrialization and infrastructure development projects being carried out across various regions including Asia Pacific & MEA on a large scale. For instance; Saudi Arabia Vision 2030 project involves spending USD hires billion on infrastructure development by 2020 ¢â‚¬Ëœ creating conditions that would enable SAR citizens to benefit from global competition without having their skills or expertise devalued by off-shore labor markets¢â‚¬â„¢ (Albawaba 2016).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities in emerging economies, such as China and India. In addition, rising demand for consumer goods along with growing population is likely to drive product demand over the next eight years.
The Asia Pacific was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to high R&D investments by major companies coupled with technological advancements across countries including Germany, UK, Russia and others. Moreover, presence of prominent manufacturers coupled with easy access to raw materials is anticipated to support regional market growth during the forecast period.
Growth Factors:
- Increasing demand for bulk material handling in various industries
- Growing awareness about the benefits of using magnetic bulk lifters
- Rising investments in manufacturing and infrastructure sectors
- Technological advancements in magnetic bulk lifter design and functionality
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Bulk Lifter Market Research Report
By Type
Heavy Duty, Light Duty
By Application
Residential, Commercial
By Companies
Master Magnetics, ALL Magnetics, Armstrong Magnetics, Zhejiang Lishuai Magnetics, Ningbo Magnetics Factory, Hangseng(Ningbo) Magnetech
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 Magnetic Bulk Lifter Market Report Segments:
The global Magnetic Bulk Lifter market is segmented on the basis of:
Types
Heavy Duty, Light Duty
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
Residential, Commercial
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:
- Master Magnetics
- ALL Magnetics
- Armstrong Magnetics
- Zhejiang Lishuai Magnetics
- Ningbo Magnetics Factory
- Hangseng(Ningbo) Magnetech
Highlights of The Magnetic Bulk Lifter 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:
- Heavy Duty
- Light Duty
- By Application:
- Residential
- Commercial
- 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 Magnetic Bulk Lifter 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?
Magnetic bulk lifters are machines that use magnets to lift and move large objects. They are often used in warehouses, factories, and other industrial settings. Magnetic bulk lifters can be used to move heavy items such as steel beams or crates of goods.
Some of the key players operating in the magnetic bulk lifter market are Master Magnetics, ALL Magnetics, Armstrong Magnetics, Zhejiang Lishuai Magnetics, Ningbo Magnetics Factory, Hangseng(Ningbo) Magnetech.
The magnetic bulk lifter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Bulk Lifter 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. Magnetic Bulk Lifter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Bulk Lifter Market - Supply Chain
4.5. Global Magnetic Bulk Lifter Market Forecast
4.5.1. Magnetic Bulk Lifter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Bulk Lifter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Bulk Lifter Market Absolute $ Opportunity
5. Global Magnetic Bulk Lifter 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. Magnetic Bulk Lifter Market Size and Volume Forecast by Type
5.3.1. Heavy Duty
5.3.2. Light Duty
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Bulk Lifter 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. Magnetic Bulk Lifter Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Bulk Lifter 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. Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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. Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Demand Share Forecast, 2019-2026
9. North America Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Bulk Lifter Market Size and Volume Forecast by Type
9.7.1. Heavy Duty
9.7.2. Light Duty
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 Magnetic Bulk Lifter Demand Share Forecast, 2019-2026
10. Latin America Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Bulk Lifter Market Size and Volume Forecast by Type
10.7.1. Heavy Duty
10.7.2. Light Duty
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 Magnetic Bulk Lifter Demand Share Forecast, 2019-2026
11. Europe Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Bulk Lifter Market Size and Volume Forecast by Type
11.7.1. Heavy Duty
11.7.2. Light Duty
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 Magnetic Bulk Lifter Demand Share, 2019-2026
12. Asia Pacific Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Bulk Lifter Market Size and Volume Forecast by Type
12.7.1. Heavy Duty
12.7.2. Light Duty
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 Magnetic Bulk Lifter Demand Share, 2019-2026
13. Middle East & Africa Magnetic Bulk Lifter 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 Magnetic Bulk Lifter 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 Magnetic Bulk Lifter Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Bulk Lifter Market Size and Volume Forecast by Type
13.7.1. Heavy Duty
13.7.2. Light Duty
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 Magnetic Bulk Lifter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Bulk Lifter Market: Market Share Analysis
14.2. Magnetic Bulk Lifter Distributors and Customers
14.3. Magnetic Bulk Lifter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Master Magnetics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ALL Magnetics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Armstrong 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. Zhejiang Lishuai Magnetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ningbo Magnetics Factory
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hangseng(Ningbo) Magnetech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
