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Global Scrap Lifting Magnets Market Strategic Research Report

Global Scrap Lifting Magnets Market Strategic Research Repor…
$3,500 USD
Market Research Reports
Strategic Research Report
Global Scrap Lifting Magnets Market
$3892025
2.9%CAGR
2032Forecast
Market Research Reports · Global
Market Research Reports Intelligence Series

By Type: Rectangular Magnets, Circular Magnets

By Application: Foundry Industries, Recycling Industries, Others

Regional Forecast: Asia Pacific, Latin America, MEA, Europe, North America

Key Players: Walker Magnetics (Industrial Magnetics), Elektromag, Kanetec, Sumitomo Heavy Industries, Kakku E & P Control Co., Braillon Magnetics, SGM Magnetics, Gauss Magneti, ADOBA GMBH, GENSCO EQUIPMENT, MOLEY MAGNETICS, Winkle Industries, YATE Magnetics, Magnetic Lifting Technologies US (MLTUS), Evertz Group, Sinfonia Technology, Electro Magnetic Industries, Zanetti Magneti, WOKO (Heppenstall Technology), Papko Magnet Co., Ohio Magnetics, Sarda Magnets, Walmag Magnetics, Hunan Kemeida Electric, LONGi Magnet Co., Ltd

Region: Global
Formats: PDF, Excel, Word & PowerPoint
Base year: 2025 · forecast to 2032
Length: 148 pages
Market size 2025
$389
Million USD
Forecast CAGR
2.9%
2025-2032
Forecast 2032
$475.2
Projected
영역들
5
Asia Pacific · Latin America · MEA · Europe · North America

개요

Scope of the Report

The global Scrap Lifting Magnets market size is predicted to grow from US$ 389 million in 2025 to US$ 490 million in 2032; it is expected to grow at a CAGR of 2.9% from 2026 to 2032.

In 2025, global sales of Scrap Lifting Magnets are estimated at approximately 210,000 units, with an average price of around $1,800 per unit.

Scrap-handling lifting magnets are lifting devices that utilize electromagnetic or controllable permanent magnetic force to pick up, transport, load/unload, and sort scrap steel, cast iron parts, steel chips, and other ferromagnetic waste; they are typically used in conjunction with cranes, excavators, or material handling machinery. As specialized equipment that employs electromagnetic principles to lift materials, lifting magnets have become indispensable tools for handling ferromagnetic materials in sectors such as metallurgy, mining, machinery manufacturing, shipbuilding, and transportation. Additionally, they are utilized in applications such as electromagnetic robotic grippers, magnetic centering, and fixed-length bar cutting. Scrap-handling lifting magnets are widely used in the scrap steel processing and recycling industry.

Upstream components primarily include magnetically permeable steel, copper or aluminum windings, insulation materials, power control systems, housings, and mechanical connectors. Downstream applications mainly span sectors such as scrap steel recycling, iron and steel smelting, casting and processing, port loading and unloading, and industrial solid waste treatment.

Key market drivers include the following:

Growth of the scrap steel recycling and recycled metal industries

As the steel industry increases its utilization of scrap steel, it reduces the consumption of raw materials such as iron ore and coke, while also lowering energy usage and environmental emissions during the smelting process. With the continuous rise in scrap from end-of-life vehicles, building demolition, retired machinery, and industrial offcuts, there is growing demand for material handling during the recycling, sorting, stockpiling, and furnace-charging stages. Scrap lifting magnets—capable of lifting large quantities of irregularly shaped ferromagnetic scrap in a single pass—reduce the need for manual hooking or mechanical grabbing operations and improve processing efficiency; consequently, they have become essential loading and unloading equipment for scrap yards, steel mills, and foundries.

Automation in material handling driving equipment upgrades

Scrap handling environments often present risks such as dust, high temperatures, sharp materials, falling heavy objects, and limited visibility for personnel, making traditional manual-assisted loading and unloading methods less safe. Steel enterprises and recycling facilities are advancing the adoption of unmanned cranes, remote control systems, automated batching, and intelligent stockyard management. This trend is driving the deep integration of scrap lifting magnets with crane control systems, weighing systems, visual recognition technology, and production scheduling platforms. Market demand is shifting from basic lifting and releasing functions toward features such as adjustable magnetic force, rapid demagnetization, overheat protection, status monitoring, and fault early warning; this trend drives the adoption of intelligent magnet products characterized by high duty cycles and superior reliability.

High-Temperature, Heavy-Duty Operations Enhance Product Value

Scrap metal generated during iron and steel smelting, continuous casting, rolling, and foundry processes is typically characterized by high temperatures, complex shapes, loose stacking, and significant weight fluctuations. These conditions place stringent demands on magnets regarding magnetic field penetration depth, heat-resistant insulation, structural integrity, and continuous operational capability. Standard magnets are prone to issues such as coil overheating, insulation degradation, and reduced lifting force under conditions of high temperatures and frequent energization, prompting users to adopt high-temperature, deep-field, and high-duty-cycle models. Furthermore, features such as backup power supplies, electro-permanent magnet technology, and power-loss holding capabilities mitigate the risk of material drops caused by unexpected power outages; rising safety standards will further accelerate the replacement of aging equipment with high-end products.

This report presents a comprehensive overview of the global Scrap Lifting Magnets market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

  • Rectangular Magnets
  • Circular Magnets

Segment by Rated Lifting Capacity

  • ≤5 tons
  • >5–15 tons
  • >15–30 tons
  • >30 tons

Segment by Functional Category

  • General-Purpose Scrap Handling Magnet
  • Deep-Field Scrap Magnet
  • High-Temperature Scrap Magnet
  • Other

Segment by Application

  • Foundry Industries
  • Recycling Industries
  • Others

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Scrap Lifting Magnets market:

  • Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
  • Distributors, channel partners and end users in Foundry Industries, Recycling Industries, Others evaluating demand and sourcing options
  • Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
  • Government agencies, industry associations and research institutions tracking industry developments and policy impact

Market snapshot

Global Scrap Lifting Magnets Market Strategic Research Report snapshot, 2025–2032

Source: Market Research Reports
Market size CAGR 2.9%
Regional growth momentum
Market share by segment
Key metrics
Base value
$389
2025
Forecast
$475.2
2032
CAGR
2.9%
2025–2032
영역들
5
global
Key companies
Walker Magnetics (Industrial Magnetics)ElektromagKanetecSumitomo Heavy IndustriesKakku E & P Control Co.Braillon MagneticsSGM MagneticsGauss Magneti
© MarketResearchReports.comDisclaimer: The actual data may vary in the final report which undergoes verification check post order confirmation.

Segments covered in this report

By Type
Rectangular MagnetsCircular Magnets
By Application
Foundry IndustriesRecycling IndustriesOthers

Table of contents

Click a chapter to expand
01Executive Summary
02Industry Overview & Forecast
  • 2.1.1 Market Definition and Scope
  • 2.1.2 Market Size and Growth Forecast
  • 2.1.3 Volume Analysis
  • 2.1.4 Segment Outlook by Type
  • 2.1.5 Segment Outlook by Application
  • 2.1.6 Regional Outlook
  • 2.1.7 Structural Developments Shaping the Forecast
  • 2.1.8 Forecast Risks and Sensitivities
03Market Segmentation by Type
  • 3.1 Market Segmentation by Type
  • 3.1.1 Market by Type Overview
  • 3.1.2 Rectangular Magnets
  • 3.1.3 Circular Magnets
  • 3.1.4 Volume Analysis
04Market Segmentation by Application
  • 4.1 Market Segmentation by Application
  • 4.1.1 Market by Application Overview
  • 4.1.2 Foundry Industries
  • 4.1.3 Recycling Industries
  • 4.1.4 Others
  • 4.1.5 Volume Analysis
05Regional Market Forecast
  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • Latin America
06Country-Level Market Forecast
  • 6.1 Asia Pacific
  • 6.1.1 China
  • 6.1.2 Japan
  • 6.1.3 Korea
  • 6.1.4 Southeast Asia
  • 6.1.5 India
  • 6.1.6 Australia
  • 6.1.7 Rest of Asia Pacific
  • 6.2 North America
  • 6.2.1 United States
  • 6.2.2 Canada
  • 6.2.3 Mexico
  • 6.2.4 Rest of North America
  • 6.3 Europe
  • 6.3.1 Germany
  • 6.3.2 France
  • 6.3.3 UK
  • 6.3.4 Italy
  • 6.3.5 Russia
  • 6.3.6 Rest of Europe
  • 6.4 Middle East & Africa
  • 6.4.1 Egypt
  • 6.4.2 South Africa
  • 6.4.3 Israel
  • 6.4.4 Turkey
  • 6.4.5 GCC Countries
  • 6.4.6 Rest of Middle East & Africa
  • 6.5 Latin America
  • 6.5.1 Brazil
  • 6.5.2 Rest of Latin America
07Growth Drivers & Inhibitors
  • 7.1 Growth Drivers & Inhibitors
  • 7.1.1 Section Overview
  • 7.1.2 Growth Drivers
  • 7.1.3 Growth Inhibitors
  • 7.1.4 Driver and Inhibitor Impact Assessment
  • 7.1.5 Analyst Perspective
08Key Company Profiles
  • 8.1 Walker Magnetics (Industrial Magnetics)
  • 8.1.1 Company Overview
  • 8.1.2 Key Products & Segments
  • 8.1.3 Financial Performance (2023–2025)
  • 8.1.4 Business Strategy
  • 8.1.5 SWOT Analysis
  • 8.1.6 Strategic Implications (2026–2032)
  • 8.2 Elektromag
  • 8.2.1 Company Overview
  • 8.2.2 Key Products & Segments
  • 8.2.3 Financial Performance (2023–2025)
  • 8.2.4 Business Strategy
  • 8.2.5 SWOT Analysis
  • 8.2.6 Strategic Implications (2026–2032)
  • 8.3 Kanetec
  • 8.3.1 Company Overview
  • 8.3.2 Key Products & Segments
  • 8.3.3 Financial Performance (2023–2025)
  • 8.3.4 Business Strategy
  • 8.3.5 SWOT Analysis
  • 8.3.6 Strategic Implications (2026–2032)
  • 8.4 Sumitomo Heavy Industries
  • 8.4.1 Company Overview
  • 8.4.2 Key Products & Segments
  • 8.4.3 Financial Performance (2023–2025)
  • 8.4.4 Business Strategy
  • 8.4.5 SWOT Analysis
  • 8.4.6 Strategic Implications (2026–2032)
  • 8.5 Kakku E & P Control Co.
  • 8.5.1 Company Overview
  • 8.5.2 Key Products & Segments
  • 8.5.3 Financial Performance (2023–2025)
  • 8.5.4 Business Strategy
  • 8.5.5 SWOT Analysis
  • 8.5.6 Strategic Implications (2026–2032)
  • 8.6 Braillon Magnetics
  • 8.6.1 Company Overview
  • 8.6.2 Key Products & Segments
  • 8.6.3 Financial Performance (2023–2025)
  • 8.6.4 Business Strategy
  • 8.6.5 SWOT Analysis
  • 8.6.6 Strategic Implications (2026–2032)
  • 8.7 SGM Magnetics
  • 8.7.1 Company Overview
  • 8.7.2 Key Products & Segments
  • 8.7.3 Financial Performance (2023–2025)
  • 8.7.4 Business Strategy
  • 8.7.5 SWOT Analysis
  • 8.7.6 Strategic Implications (2026–2032)
  • 8.8 Gauss Magneti
  • 8.8.1 Company Overview
  • 8.8.2 Key Products & Segments
  • 8.8.3 Financial Performance (2023–2025)
  • 8.8.4 Business Strategy
  • 8.8.5 SWOT Analysis
  • 8.8.6 Strategic Implications (2026–2032)
  • 8.9 ADOBA GMBH
  • 8.9.1 Company Overview
  • 8.9.2 Key Products & Segments
  • 8.9.3 Financial Performance (2023–2025)
  • 8.9.4 Business Strategy
  • 8.9.5 SWOT Analysis
  • 8.9.6 Strategic Implications (2026–2032)
  • 8.10 GENSCO EQUIPMENT
  • 8.10.1 Company Overview
  • 8.10.2 Key Products & Segments
  • 8.10.3 Financial Performance (2023–2025)
  • 8.10.4 Business Strategy
  • 8.10.5 SWOT Analysis
  • 8.10.6 Strategic Implications (2026–2032)
  • 8.11 MOLEY MAGNETICS
  • 8.11.1 Company Overview
  • 8.11.2 Key Products & Segments
  • 8.11.3 Financial Performance (2023–2025)
  • 8.11.4 Business Strategy
  • 8.11.5 SWOT Analysis
  • 8.11.6 Strategic Implications (2026–2032)
  • 8.12 Winkle Industries
  • 8.12.1 Company Overview
  • 8.12.2 Key Products & Segments
  • 8.12.3 Financial Performance (2023–2025)
  • 8.12.4 Business Strategy
  • 8.12.5 SWOT Analysis
  • 8.12.6 Strategic Implications (2026–2032)
  • 8.13 YATE Magnetics
  • 8.13.1 Company Overview
  • 8.13.2 Key Products & Segments
  • 8.13.3 Financial Performance (2023–2025)
  • 8.13.4 Business Strategy
  • 8.13.5 SWOT Analysis
  • 8.13.6 Strategic Implications (2026–2032)
  • 8.14 Magnetic Lifting Technologies US (MLTUS)
  • 8.14.1 Company Overview
  • 8.14.2 Key Products & Segments
  • 8.14.3 Financial Performance (2023–2025)
  • 8.14.4 Business Strategy
  • 8.14.5 SWOT Analysis
  • 8.14.6 Strategic Implications (2026–2032)
  • 8.15 Evertz Group
  • 8.15.1 Company Overview
  • 8.15.2 Key Products & Segments
  • 8.15.3 Financial Performance (2023–2025)
  • 8.15.4 Business Strategy
  • 8.15.5 SWOT Analysis
  • 8.15.6 Strategic Implications (2026–2032)
  • 8.16 Sinfonia Technology
  • 8.16.1 Company Overview
  • 8.16.2 Key Products & Segments
  • 8.16.3 Financial Performance (2023–2025)
  • 8.16.4 Business Strategy
  • 8.16.5 SWOT Analysis
  • 8.16.6 Strategic Implications (2026–2032)
  • 8.17 Electro Magnetic Industries
  • 8.17.1 Company Overview
  • 8.17.2 Key Products & Segments
  • 8.17.3 Financial Performance (2023–2025)
  • 8.17.4 Business Strategy
  • 8.17.5 SWOT Analysis
  • 8.17.6 Strategic Implications (2026–2032)
  • 8.18 Zanetti Magneti
  • 8.18.1 Company Overview
  • 8.18.2 Key Products & Segments
  • 8.18.3 Financial Performance (2023–2025)
  • 8.18.4 Business Strategy
  • 8.18.5 SWOT Analysis
  • 8.18.6 Strategic Implications (2026–2032)
  • 8.19 WOKO (Heppenstall Technology)
  • 8.19.1 Company Overview
  • 8.19.2 Key Products & Segments
  • 8.19.3 Financial Performance (2023–2025)
  • 8.19.4 Business Strategy
  • 8.19.5 SWOT Analysis
  • 8.19.6 Strategic Implications (2026–2032)
  • 8.20 Papko Magnet Co.
  • 8.20.1 Company Overview
  • 8.20.2 Key Products & Segments
  • 8.20.3 Financial Performance (2023–2025)
  • 8.20.4 Business Strategy
  • 8.20.5 SWOT Analysis
  • 8.20.6 Strategic Implications (2026–2032)
  • 8.21 Ohio Magnetics
  • 8.21.1 Company Overview
  • 8.21.2 Key Products & Segments
  • 8.21.3 Financial Performance (2023–2025)
  • 8.21.4 Business Strategy
  • 8.21.5 SWOT Analysis
  • 8.21.6 Strategic Implications (2026–2032)
  • 8.22 Sarda Magnets
  • 8.22.1 Company Overview
  • 8.22.2 Key Products & Segments
  • 8.22.3 Financial Performance (2023–2025)
  • 8.22.4 Business Strategy
  • 8.22.5 SWOT Analysis
  • 8.22.6 Strategic Implications (2026–2032)
  • 8.23 Walmag Magnetics
  • 8.23.1 Company Overview
  • 8.23.2 Key Products & Segments
  • 8.23.3 Financial Performance (2023–2025)
  • 8.23.4 Business Strategy
  • 8.23.5 SWOT Analysis
  • 8.23.6 Strategic Implications (2026–2032)
  • 8.24 Hunan Kemeida Electric
  • 8.24.1 Company Overview
  • 8.24.2 Key Products & Segments
  • 8.24.3 Financial Performance (2023–2025)
  • 8.24.4 Business Strategy
  • 8.24.5 SWOT Analysis
  • 8.24.6 Strategic Implications (2026–2032)
  • 8.25 LONGi Magnet Co., Ltd
  • 8.25.1 Company Overview
  • 8.25.2 Key Products & Segments
  • 8.25.3 Financial Performance (2023–2025)
  • 8.25.4 Business Strategy
  • 8.25.5 SWOT Analysis
  • 8.25.6 Strategic Implications (2026–2032)
09Competitive Landscape
  • 9.1 Competitive Landscape Overview
  • 9.2 Competitive Intensity Assessment
  • 9.3 Key Player Strategies & Positioning
  • 9.4 Competitive Dynamics & Strategic Outlook
  • 9.4.1 Emerging Competitive Threats
  • 9.4.2 Consolidation vs. Fragmentation Outlook
  • 9.4.3 Competitive Response Matrix
  • 9.4.4 Strategic Recommendations, 2026–2032
10Porter's Five Forces Analysis
  • 10.1 Threat of New Entrants
  • 10.2 Bargaining Power of Buyers
  • 10.3 Bargaining Power of Suppliers
  • 10.4 Threat of Substitutes
  • 10.5 Competitive Rivalry
11PESTLE Analysis
  • 11.1 Political
  • 11.2 Economic
  • 11.3 Social and Demographic
  • 11.4 Technological
  • 11.5 Legal and Regulatory
  • 11.6 Environmental
  • 11.7 Strategic Implications of the PESTLE Assessment
12SWOT Analysis
13Future Trends & Outlook
  • 13.1 Future Trends & Outlook
  • 13.1.1 Trend Summary and Commercial Maturity Assessment
  • 13.1.2 Technology and Innovation Trends
  • 13.1.3 Long-Term Market Outlook
  • 13.1.4 Investment & M&A Activity Outlook
  • 13.1.5 Overall Outlook Assessment

Frequently asked questions

What is the current global Scrap Lifting Magnets market size?
The global Scrap Lifting Magnets market is estimated at US$ 389 million in 2025 (base year) and is projected to reach US$ 490 million by 2032.
What growth rate is expected for the Scrap Lifting Magnets market through 2032?
The market is expected to grow at a CAGR of 2.9% from 2026 to 2032, expanding from US$ 389 million in 2025 to US$ 490 million in 2032, roughly 1.3 times its base-year value.
How is Scrap Lifting Magnets defined?
In 2025, global sales of Scrap Lifting Magnets are estimated at approximately 210,000 units, with an average price of around $1,800 per unit.
How is the Scrap Lifting Magnets market segmented by type?
By type, the market is segmented into Rectangular Magnets and Circular Magnets.
What are the key applications of Scrap Lifting Magnets?
Key applications covered include Foundry Industries, Recycling Industries and Others.
Which companies are profiled in the Scrap Lifting Magnets market report?
Key players profiled include Walker Magnetics (Industrial Magnetics), Elektromag, Kanetec, Sumitomo Heavy Industries, Kakku E & P Control Co., Braillon Magnetics, SGM Magnetics and Gauss Magneti, among 25 companies covered in total.
What geographies does the Scrap Lifting Magnets market analysis include?
The market is analysed across Asia Pacific, North America, Europe, Middle East & Africa and Latin America, with 20 country-level markets including China, Japan, United States, Canada, Germany, France, Egypt and South Africa.
What are the key demand drivers for Scrap Lifting Magnets?
Automation in material handling driving equipment upgrades
Who should buy the Scrap Lifting Magnets market report?
The report is intended for manufacturers and solution providers, distributors and end users in Foundry Industries, Recycling Industries and Others, investors and consultants, and government or industry bodies who need market size, segmentation, competitive and regional data for the Scrap Lifting Magnets market.
What license options are available for this report?
The report is available as a Single User License (US$ 3,500, one named user), a Site License (US$ 5,250, up to 10 users) and a Global / Corporate License (US$ 7,000, unlimited users), all delivered in PDF format.

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03
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Company profiles built from public financial disclosures, product launches, M&A activity, job postings (as capability proxies), and supply chain mapping. Market share estimates triangulated across revenue, capacity, and shipment data.

04
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CAGR projections use time-series regression on 5-10 years of historical data, adjusted for identified demand drivers (technology adoption curves, regulatory catalysts, demographic shifts) and demand inhibitors (cost barriers, substitution risk). Scenario modeling covers base, optimistic, and conservative cases.

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