Global and China Scrap Lifting Magnets Market Insights, Forecast to 2027

Lifting Electromagnet (Lifting Magnet) is special equipment which utilizes the electric & magnetic physical quantity to lift attached materials and has become indispensable when to lift and transport ferromagnetism materials in lines of metallurgy, mine, machinery, shipbuilding and transportation, etc., and it can also be used as electromagnetic manipulator, magnetic force centering, bar length fixing and so on in some fields.
In 2019, Europe, accounting for 27.79% of the production market, had the largest capacity of manufacturing scrap lifting magnets around world. As for North America and China, which respectively ranked the second and the third, took up 24.12% and 19.88% of the market.
In terms of application, scrap lifting magnets are used in foundry industries and recycling Industries.

Market Analysis and Insights: Global and China Scrap Lifting Magnets Market
This report focuses on global and China Scrap Lifting Magnets market.
In 2020, the global Scrap Lifting Magnets market size was US$ 394.6 million and it is expected to reach US$ 732.3 million by the end of 2027, with a CAGR of 9.2% during 2021-2027. In China the Scrap Lifting Magnets market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Scrap Lifting Magnets Scope and Market Size
Scrap Lifting Magnets market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Scrap Lifting Magnets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Scrap Lifting Magnets market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Rectangular Magnets
Circular Magnets

Segment by Application
Foundry Industries
Recycling Industries
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Walker Magnetics
SGM Magnetics
Sinfonia Technology
Ohio Magnetics
Kanetec
Magnetic Lifting Technologies US (MLTUS)
Magnet Lifting
WOKO (Heppenstall Technology)
Sumitomo Heavy Industries
Gauss Magneti
Electro Magnetic Industries
Elektromag
Walmag Magnetics
LONGi Magnet
Adoba GmbH
Papko Magnet Co.
Gensco Equipment
Zanetti Magneti
Evertz Group
YATE Magnetics
Hunan Kemeida Electric
Wrinkle Industries
Sarda Magnets
Kakku E & P Control Co.
Moley Magnetics