Global Scrap Handling Magnets Market Insights, Forecast to 2028

Scrap Magnet is a lifting magnet 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. Scrap Magnets are widely used in scrap processing and recycling industry.
Market Analysis and Insights: Global Scrap Handling Magnets Market
Due to the COVID-19 pandemic, the global Scrap Handling Magnets market size is estimated to be worth US$ 388 million in 2022 and is forecast to a readjusted size of US$ 461.1 million by 2028 with a CAGR of 2.9% during the review period. Fully considering the economic change by this health crisis, Rectangular Magnets accounting for % of the Scrap Handling Magnets global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Foundry Industries segment is altered to an % CAGR throughout this forecast period.
China Scrap Handling Magnets market size is valued at US$ million in 2021, while the US and Europe Scrap Handling Magnets are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Scrap Handling Magnets landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Scrap Handling Magnets include Walker Magnetics (Industrial Magnetics), SGM Magnetics, Sinfonia Technology, Ohio Magnetics, Kanetec, MLTUS, WOKO (Heppenstall Technology), Sumitomo Heavy Industries and Gauss Magneti, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Scrap Handling Magnets capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Scrap Handling Magnets by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Scrap Handling Magnets Scope and Segment
Scrap Handling Magnets market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Scrap Handling Magnets market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Rectangular Magnets
Circular Magnets
Segment by Application
Foundry Industries
Recycling Industries
Others
By Company
Walker Magnetics (Industrial Magnetics)
SGM Magnetics
Sinfonia Technology
Ohio Magnetics
Kanetec
MLTUS
WOKO (Heppenstall Technology)
Sumitomo Heavy Industries
Gauss Magneti
Electro Magnetic Industries
Elektromag
Braillon Magnetics
Walmag Magnetics
LONGi Magnet
Adoba GmbH
Papko Magnet Co.
Gensco Equipment
Zanetti Magneti
Evertz Group
YATE Magnetics
Hunan Kemeida Electric
Wrinkle Industries (GRYB)
Sarda Magnets
Kakku E & P Control Co.
Moley Magnetics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE