What is Global Permanent Magnetic Lifter Market?
The Global Permanent Magnetic Lifter Market is a vast and dynamic sector that plays a crucial role in various industries. A Permanent Magnetic Lifter is a device that uses a permanent magnet to lift steel plates, blocks, press molds, and other magnetic materials. The lifter requires no electricity, which makes it safe and reliable. It's easy to operate and can be used for a long time without any power supply. The global market for these lifters is growing rapidly due to their increasing demand in various industries such as construction, steel, and industrial sectors. The market's growth is also fueled by the technological advancements in the manufacturing sector and the increasing need for efficient and safe lifting equipment. The Global Permanent Magnetic Lifter Market is a highly competitive market with numerous players striving to offer the best products to meet the growing demand from various industries.
Below 500Kg, 500-1000Kg, Above 1000Kg in the Global Permanent Magnetic Lifter Market:
The Global Permanent Magnetic Lifter Market is segmented based on the lifting capacity of the lifters. The segments include Below 500Kg, 500-1000Kg, and Above 1000Kg. The Below 500Kg segment includes lifters that are designed to lift weights below 500Kg. These lifters are commonly used in small-scale industries and workshops where the lifting requirements are relatively low. The 500-1000Kg segment includes lifters that can lift weights ranging from 500Kg to 1000Kg. These lifters are used in medium-scale industries where the lifting requirements are moderate. The Above 1000Kg segment includes lifters that can lift weights above 1000Kg. These lifters are used in large-scale industries and construction sites where heavy lifting is required. The demand for these lifters varies based on the lifting requirements of the industries.
Steel, Construction, Industrial, Others in the Global Permanent Magnetic Lifter Market:
The Global Permanent Magnetic Lifter Market finds its usage in various areas such as Steel, Construction, Industrial, and Others. In the Steel industry, these lifters are used to lift and move steel plates and other steel materials. They help in reducing the manual labor and increase the efficiency of the operations. In the Construction industry, these lifters are used to lift and move construction materials. They help in speeding up the construction process and reducing the risk of accidents. In the Industrial sector, these lifters are used in various applications such as lifting heavy machinery, moving heavy equipment, and so on. They help in improving the operational efficiency and safety in the industrial sector. The Other areas where these lifters are used include shipbuilding, engineering, and so on.
Global Permanent Magnetic Lifter Market Outlook:
Looking at the market outlook for the Global Permanent Magnetic Lifter Market, it was valued at US$ 497 million in 2023. The market is expected to grow significantly and reach a value of US$ 785.1 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these lifters in various industries and the technological advancements in the manufacturing sector. The market's growth is also fueled by the increasing need for efficient and safe lifting equipment in various industries.
| Report Metric | Details |
| Report Name | Permanent Magnetic Lifter Market |
| Accounted market size in 2023 | US$ 497 million |
| Forecasted market size in 2030 | US$ 785.1 million |
| CAGR | 6.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Hishiko, Kanetec, Walker Magnetics, SELTER, Magnetool, Sarda Magnets, Eriez Manufacturing, Armstrong Magnetics, Industrial Magnetics, Walmag Magnetics, Braillon Magnetics, ALFRA, Eclipse Magnetics, Assfalg, Hunan Kemeida Electric, Hangseng（Ningbo）Magnetech, SDM Magnetics, Shanghai Jinmagnets Industrial |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
