Global Scrap Lifting Magnets Supply, Demand and Key Producers, 2026-2032

The global Scrap Lifting Magnets market size is expected to reach $ 526 million by 2032, rising at a market growth of 2.8% CAGR during the forecast period (2026-2032).

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.

Scrap Lifting Magnets are widely used in scrap processing and recycling industry.

Global key players of Scrap Lifting Magnets include Walker Magnetics (Industrial Magnetics), SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec and MLTUS, etc. Top three players occupy for a share about 18%. Asia-Pacific is the largest market, with a share about 55%, followed by North America and Europe. In terms of product, Circular Magnets is the largest segment, with a share over 87%. In terms of application, Recycling Industries is the largest market, with a share over 44%.

This report studies the global Scrap Lifting Magnets production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Scrap Lifting Magnets and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Scrap Lifting Magnets that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Scrap Lifting Magnets total production and demand, 2021-2032, (K Units)

Global Scrap Lifting Magnets total production value, 2021-2032, (USD Million)

Global Scrap Lifting Magnets production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K Units), (based on production site)

Global Scrap Lifting Magnets consumption by region & country, CAGR, 2021-2032 & (K Units)

U.S. VS China: Scrap Lifting Magnets domestic production, consumption, key domestic manufacturers and share

Global Scrap Lifting Magnets production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K Units)

Global Scrap Lifting Magnets production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K Units)

Global Scrap Lifting Magnets production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K Units)

This report profiles key players in the global Scrap Lifting Magnets market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Walker Magnetics, SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec, Magnetic Lifting Technologies US (MLTUS), Magnet Lifting, WOKO (Heppenstall Technology), Sumitomo Heavy Industries, Gauss Magneti, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Scrap Lifting Magnets market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Scrap Lifting Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Scrap Lifting Magnets Market, Segmentation by Type:
Rectangular Magnets
Circular Magnets

Global Scrap Lifting Magnets Market, Segmentation by Application:
Foundry Industries
Recycling Industries
Others

Companies Profiled:
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
MLTUS
Braillon Magnetics

Key Questions Answered:

1. How big is the global Scrap Lifting Magnets market?

2. What is the demand of the global Scrap Lifting Magnets market?

3. What is the year over year growth of the global Scrap Lifting Magnets market?

4. What is the production and production value of the global Scrap Lifting Magnets market?

5. Who are the key producers in the global Scrap Lifting Magnets market?

6. What are the growth factors driving the market demand? Show more