A lifting magnet is an electromagnet designed to pick up or lift metal objects. These magnets vary widely in size and can be as small as a credit card or as large as a twin-sized bed. Usually, the larger lifting magnets are operated hung from a chain on a crane that is able to dangle the magnet into the location necessary to retrieve the desired object. This type of magnet can be used for a wide variety of purposes, including automobile junking, construction, and demolition and cleanup.

Market Analysis and Insights: Global Lifting Magnets Market
The global Lifting Magnets market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Lifting Magnets Scope and Segment
Lifting Magnets market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global 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 production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Permanent Lifting Magnets
Electromagnet Lifting Magnets
Others

Segment by Application
Steel
Construction
Industrial
Automotive
Ship Building
Others

By Company
Hishiko
Kanetec
Walker Magnetics
SGM Magnetics
magnetoolinc
Sarda Magnets
Eriez Manufacturing
Armstrong Magnetics
Sinfonia Technology
Ohio Magnetics
Sumitomo Heavy Industries
WOKO (Heppenstall Technology)
Industrial Magnetics, Inc. (IMI)
Walmag Magnetics
Evertz Group
Braillon Magnetics
ALFRA GmbH
Magnetic Lifting Technologies
Eclipse Magnetics
Adoba GmbH
Earth-Chain Enterprise
Assfalg GmbH
Magnetool, Inc.
Hunan Kemeida Electric
Shenyang Longi
Magswitch Technology
Tecnomagnete
HVR Magnetics

Production by Region
North America
Europe
China
Japan

Consumption 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
Middle East & Africa
Turkey
Saudi Arabia
UAE