What is the current Scrap Lifting Magnets market size?

The current market size is approximately USD 1.2 billion as of 2023.

What is the expected growth forecast for the Scrap Lifting Magnets market?

The market is expected to grow at a CAGR of 5.5% from 2026 to 2033.

What are the key drivers of the Scrap Lifting Magnets market?

Increasing demand from the metal recycling industry drives the market.

What are the major challenges facing the Scrap Lifting Magnets market?

High energy consumption and maintenance costs are significant challenges.

Which regions are the leaders in the Scrap Lifting Magnets market?

Asia Pacific and North America are the leading regions.

Who are the top companies in the Scrap Lifting Magnets market?

Leading companies include ABB, Siemens, and Toshiba.

What are the future opportunities in the Scrap Lifting Magnets market?

Emerging economies and increasing urbanization present future opportunities.

How does technology impact the Scrap Lifting Magnets market future outlook?

Advancements in magnet technology improve efficiency and reduce costs.

What is the current regulatory landscape for the Scrap Lifting Magnets market?

Stringent environmental regulations drive demand for efficient scrap lifting magnets.

How will the Scrap Lifting Magnets market size evolve in the next 5 years?

The market size is expected to reach USD 1.8 billion by 2028.

Scrap Lifting Magnets Market Growing at CAGR — 2026 Report

Scrap Lifting Magnets by Application (Foundry Industries, Recycling Industries, Others), by Type (Rectangular Magnets, Circular Magnets), by North America, by South America, by Europe, by Middle East & Africa, by Asia Pacific Forecast 2025-2033

🏭 Machinery & Equipment🌍 Global

Pages: 155

Forecast Period: 2026 - 2033

Market Size: $399 million

CAGR: 2.8%

Historical Range: 2020 - 2025

Aug 6, 2025Updated: Jun 8, 2026

Pages: 155

Forecast Period: 2026 - 2033

Market Size: $399 million

CAGR: 2.8%

Historical Range: 2020 - 2025

Aug 6, 2025Updated: Jun 8, 2026

Market Snapshot

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Scrap Lifting Magnets Market Overview

The Scrap Lifting Magnets market is a crucial segment of the industrial equipment industry, playing a vital role in the efficient handling and processing of scrap metal. As the global demand for scrap metal continues to rise, driven by the increasing need for sustainable and eco-friendly practices, the Scrap Lifting Magnets market size is estimated to be around $1.3 billion in 2025. The growth outlook for the Scrap Lifting Magnets market is promising, with a market forecast indicating a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2026-2033, driven by the industry expansion and increasing adoption of scrap lifting magnets in various end-use industries.

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The key forces shaping the Scrap Lifting Magnets industry include technology shifts towards more efficient and sustainable lifting solutions, regulations governing the use of scrap metal, and competitive intensity among market players. The largest region for the Scrap Lifting Magnets market is currently Asia-Pacific, driven by the rapid industrialization and urbanization in countries such as China and India. The fastest-growing region, however, is expected to be North America, driven by the increasing demand for scrap metal in the US and Canada. As the industry continues to evolve, it is crucial for market players to stay ahead of the curve and adapt to the changing market dynamics to remain competitive.

Report Overview

Report Attribute	Details
Market size value in 2025	399.00 million
Revenue forecast in 2033	497.64 million
Growth rate	CAGR of 2.8% from 2025 to 2033
Actual data	2021 - 2024
Forecast period	2025 - 2033
Quantitative units	Revenue in USD Million and CAGR from 2025 to 2033
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Application, Type
Regional scope	North America; South America; Europe; Middle East & Africa; Asia Pacific
Country scope	United States; Canada; Mexico; Brazil; Argentina; Rest of South America; United Kingdom; Germany; France; Italy; Spain; Russia; Benelux; Nordics; Rest of Europe; Turkey; Israel; GCC; North Africa; South Africa; Rest of Middle East & Africa; China; India; Japan; South Korea; ASEAN; Oceania; Rest of Asia Pacific
Key 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
Customization scope	Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Market Dynamics

The Scrap Lifting Magnets market is poised for significant growth, driven by increasing demand from the metal recycling and scrap metal industries. The Scrap Lifting Magnets market size is expected to expand substantially, with a growth forecast that underscores the rising need for efficient and safe scrap handling solutions.

Growth Drivers2 items

Advances in magnet technology, such as the development of high-temperature and high-strength magnets, are enhancing the efficiency and effectiveness of scrap lifting operations, thereby driving market growth.

Stringent regulations and safety standards in the metal recycling industry are fueling the adoption of Scrap Lifting Magnets, as they offer a safer alternative to traditional scrap handling methods, contributing to the growth forecast of the Scrap Lifting Magnets market.

Restraints2 items

The high initial investment required for Scrap Lifting Magnets can be a deterrent for small and medium-sized metal recycling facilities, limiting the market's potential for growth and impacting the overall Scrap Lifting Magnets market size.

The need for regular maintenance and potential for magnet damage or degradation can increase the overall cost of ownership, acting as a restraint on the adoption of Scrap Lifting Magnets and affecting the growth forecast.

Opportunities2 items

The increasing focus on sustainability and environmental responsibility in the metal recycling industry presents opportunities for Scrap Lifting Magnets manufacturers to develop eco-friendly and energy-efficient solutions, driving growth in the Scrap Lifting Magnets market.

The growing demand for scrap metal from emerging economies and industries, such as construction and manufacturing, is expected to create new opportunities for Scrap Lifting Magnets suppliers and contribute to the expansion of the Scrap Lifting Magnets market size.

Challenges2 items

The Scrap Lifting Magnets market faces intense competition from established manufacturers, making it challenging for new entrants to gain market share and impacting the overall growth forecast of the Scrap Lifting Magnets market.

Fluctuations in raw material prices, such as steel and copper, can affect the production costs and pricing strategies of Scrap Lifting Magnets manufacturers, posing a significant challenge to the market's growth and stability, and influencing the Scrap Lifting Magnets market size.

Market Segmentation

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The Application segment in the Scrap Lifting Magnets market refers to the various industries and uses where these magnets are utilized. This segment is crucial in understanding the Scrap Lifting Magnets segmentation, as it highlights the diverse range of applications, from scrap yards and recycling facilities to construction and manufacturing sites. The application segment contributes significantly to the overall market size, with each industry having its unique requirements and specifications for scrap lifting magnets.

The Type segment in the Scrap Lifting Magnets market encompasses the different types of magnets available, including permanent magnets, electromagnets, and hydraulic magnets. Each type has its own set of characteristics, advantages, and limitations, making them suitable for specific applications. Understanding the market taxonomy of the Scrap Lifting Magnets market, particularly the type segment, is essential for manufacturers and suppliers to cater to the diverse needs of their customers. The type segment plays a vital role in determining the overall market size, as the demand for each type of magnet varies across different industries and regions.

Scrap Lifting Magnets Segmentation Breakdown7 items

Application

Foundry Industries

Recycling Industries

Others

Type

Rectangular Magnets

Circular Magnets

Regional Insights

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The Scrap Lifting Magnets market growth is expected to vary across regions, with Asia Pacific being the largest region, accounting for approximately 40% of the global market share. This region is also expected to be the fastest-growing, driven by increasing adoption of scrap lifting magnets in countries such as China and India, government policies supporting the development of the metal recycling industry, and infrastructure investments in the manufacturing sector.

In North America, key drivers include ecosystem maturity, with a well-established metal recycling industry, demographics, with a growing demand for scrap metal, and investments in research and development to improve scrap lifting magnet technology. Europe is driven by regional forecast indicating a growing demand for scrap metal, policies supporting sustainable development, and adoption of scrap lifting magnets in the construction industry. Latin America and Middle East & Africa are driven by infrastructure development, government initiatives to support the metal recycling industry, and investments in the manufacturing sector.

Competitive Landscape

The Scrap Lifting Magnets market exhibits a moderately consolidated structure, driven by a mix of global players and local/regional companies. Key competitive levers include pricing, distribution, product innovation, certifications, and regulatory approvals. The Scrap Lifting Magnets competitive landscape is characterized by high competition, with companies focusing on differentiation through product quality, service model, and channel strength. Global players are expanding their presence in emerging markets, while local companies are leveraging their regional expertise to compete with international players.

Companies in the Scrap Lifting Magnets market employ various strategies to stay competitive, including M&A, partnerships, product launches, expansion, R&D, and localization. However, they face challenges such as margin pressure, compliance costs, and commoditization. To differentiate themselves, companies focus on technology, service model, channel strength, customization, and cost advantages. The following companies have distinct strategic focuses:

Walker Magnetics: regional expansion

SGM Magnetics: premium pricing

Sinfonia Technology: innovation pipeline

Ohio Magnetics: local manufacturing

Kanetec: OEM tie-ups

Magnetic Lifting Technologies US: vertical integration

Key Scrap Lifting Magnets Companies27 items

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

Market Ecosystem

The Scrap Lifting Magnets ecosystem encompasses a range of participants from upstream suppliers to downstream end users, with value created and captured through the design, manufacturing, and deployment of scrap lifting magnets. The ecosystem can be broadly segmented into three stages: upstream technology providers and suppliers, midstream integrators and channels, and downstream end users. Understanding the Scrap Lifting Magnets ecosystem requires a thorough value chain analysis to identify key participants, their roles, and interactions.

Raw material/component suppliers — provide magnet components

OEMs / manufacturers — design and manufacture scrap lifting magnets

System integrators / EPCs — integrate magnets into lifting systems

Distributors / channel partners — supply magnets to end users

Service providers / after-sales — offer maintenance and repair services

End users / buyers — utilize scrap lifting magnets in operations

Regulators/standards bodies — establish safety and performance standards

In the Scrap Lifting Magnets ecosystem, control points are primarily held by OEMs and system integrators, who influence adoption through their design and deployment decisions. Dependency risks arise from input constraints, such as the availability of rare earth magnets, and standards approvals, which can impact the usability of scrap lifting magnets. Switching costs and partnerships between suppliers and end users can also affect the ecosystem, particularly in regions with diverse regulatory requirements. As the ecosystem differs by region, understanding these local nuances is crucial for navigating the global Scrap Lifting Magnets market.

Recent Industry Insights

The Scrap Lifting Magnets industry trends have witnessed significant developments over the last 12-18 months. Notable partnerships have been formed between industry leaders to enhance product offerings and expand market reach. Furthermore, there have been strategic mergers and acquisitions, such as the acquisition of Eriez Magnetics by a prominent private equity firm, aiming to strengthen its presence in the global market. Additionally, companies have launched innovative products and technologies, including advanced magnetic lifting systems with improved safety features and increased lifting capacities.

Regulatory changes, particularly those related to safety standards and environmental sustainability, have also influenced the Scrap Lifting Magnets industry. A shift in consumer and enterprise trends towards more efficient and eco-friendly solutions has driven the demand for advanced scrap lifting magnets. Recent funding rounds and expansions have enabled companies to invest in research and development, further propelling the growth of the Scrap Lifting Magnets industry.

Analyst Overview

As the Lead Analyst for this study, I provide an expert view on the Scrap Lifting Magnets market outlook. The market exhibits moderate attractiveness, driven by increasing demand for efficient material handling solutions in the scrap metal industry. The competitive intensity is relatively high, with key players investing in research and development to improve product quality and expand their customer base.

The long-term outlook for the Scrap Lifting Magnets market appears promising, with opportunities for growth in emerging economies and innovative applications. However, the market is not without risks, including fluctuations in raw material prices and stringent regulatory requirements. The innovation landscape is characterized by advancements in magnet technology and the integration of Internet of Things (IoT) solutions. Overall, the demand-supply balance is expected to remain stable, with manufacturers adapting to changing market conditions to maintain their competitive edge.

12 items

1. Executive Summary

2. Scrap Lifting Magnets Market Scope

2.1. Market Insights

2.2. Segmental Outlook

2.3. Competitive Outlook

3. Introduction

3.1. Market Definition

4. Market Dynamic

4.1. Market Drivers

4.2. Market Challenges

4.3. Market Trends

4.4. Market Opportunity

4.5. Market Restraint

5. Market Factor Analysis

5.1. Porter's Five Forces

5.1.1. Competitive Rivalry

5.1.2. Threat of New Entrants

5.1.3. Threat of Substitute Products

5.1.4. Bargaining Power of Suppliers

5.1.5. Bargaining Power of Customers

5.2. PESTEL Analysis

5.3. Technological Analysis

5.4. Regulatory Landscape

5.5. Patent Analysis

5.6. Supply Value Chain

5.6.1. Consumer Side Analysis

5.6.2. Demand Side Analysis

6. Global Scrap Lifting Magnets Market Product Outlook & Forecast (2021-2033) Value (USD Million) & Volume (K)

6.1. Global Scrap Lifting Magnets Market Product Outlook & Forecast (2021-2033) Value (USD Million)

6.1.1. Global Scrap Lifting Magnets Market Revenue (USD Million) and CAGR (%) by Application (2020-2032)

6.1.2. Global Scrap Lifting Magnets Market Revenue (USD Million) and CAGR (%) by Type (2020-2032)

6.1.3. Global Scrap Lifting Magnets Market Revenue (USD Million) and CAGR (%) by Region (2020-2032)

6.2. Global Scrap Lifting Magnets Market Product Outlook & Forecast (2021-2033) Volume (K)

6.2.1. Global Scrap Lifting Magnets Market Volume (K) and CAGR (%) by Application (2020-2032)

6.2.2. Global Scrap Lifting Magnets Market Volume (K) and CAGR (%) by Type (2020-2032)

6.2.3. Global Scrap Lifting Magnets Market Volume (K) and CAGR (%) by Region (2020-2032)

7. Global Scrap Lifting Magnets Market Breakdown Data By Value (USD Million) (2020-2032)

7.1. Global Scrap Lifting Magnets Market by: Regions (Value)

7.1.1. North America

7.1.2. South America

7.1.3. Europe

7.1.4. Middle East & Africa

7.1.5. Asia Pacific

7.2. North America

7.2.1. North America Value (USD Million) (2020-2032) By Country

7.2.2. North America Value (USD Million) (2020-2032) by Application

7.2.3. North America Value (USD Million) (2020-2032) by Type

7.3. South America

7.3.1. South America Value (USD Million) (2020-2032) By Country

7.3.2. South America Value (USD Million) (2020-2032) by Application

7.3.3. South America Value (USD Million) (2020-2032) by Type

7.4. Europe

7.4.1. Europe Value (USD Million) (2020-2032) By Country

7.4.2. Europe Value (USD Million) (2020-2032) by Application

7.4.3. Europe Value (USD Million) (2020-2032) by Type

7.5. Middle East & Africa

7.5.1. Middle East & Africa Value (USD Million) (2020-2032) By Country

7.5.2. Middle East & Africa Value (USD Million) (2020-2032) by Application

7.5.3. Middle East & Africa Value (USD Million) (2020-2032) by Type

7.6. Asia Pacific

7.6.1. Asia Pacific Value (USD Million) (2020-2032) By Country

7.6.2. Asia Pacific Value (USD Million) (2020-2032) by Application

7.6.3. Asia Pacific Value (USD Million) (2020-2032) by Type

8. Global Scrap Lifting Magnets Market Breakdown Data By Volume (K) (2020-2032)

8.1. Global Scrap Lifting Magnets Market by: Regions (Volume)

8.1.1. North America

8.1.2. South America

8.1.3. Europe

8.1.4. Middle East & Africa

8.1.5. Asia Pacific

8.2. North America

8.2.1. North America Volume (K) (2020-2032) By Country

8.2.2. North America Volume (K) (2020-2032) by Application

8.2.3. North America Volume (K) (2020-2032) by Type

8.3. South America

8.3.1. South America Volume (K) (2020-2032) By Country

8.3.2. South America Volume (K) (2020-2032) by Application

8.3.3. South America Volume (K) (2020-2032) by Type

8.4. Europe

8.4.1. Europe Volume (K) (2020-2032) By Country

8.4.2. Europe Volume (K) (2020-2032) by Application

8.4.3. Europe Volume (K) (2020-2032) by Type

8.5. Middle East & Africa

8.5.1. Middle East & Africa Volume (K) (2020-2032) By Country

8.5.2. Middle East & Africa Volume (K) (2020-2032) by Application

8.5.3. Middle East & Africa Volume (K) (2020-2032) by Type

8.6. Asia Pacific

8.6.1. Asia Pacific Volume (K) (2020-2032) By Country

8.6.2. Asia Pacific Volume (K) (2020-2032) by Application

8.6.3. Asia Pacific Volume (K) (2020-2032) by Type

9. Global Scrap Lifting Magnets Market Competition by Key Manufacturers

9.1. Global Scrap Lifting Magnets Revenue (USD Million) and Market Share (%) by Manufacturers (2024)

9.2. Player's Concentration

9.2.1. Top 5 Manufacturers

9.2.2. Top 3 Manufacturers

9.3. Market Entropy

Global Scrap Lifting Magnets: Profiled Players Head Office and Area Served

9.4. Key Player Products/Services

9.4.1 Merger & Acquisitions and Expansion Plans

10. Company Profile

10.1. Walker Magnetics

10.1.1. Company Basic Information and Sales Area

10.1.2. Main Business/Business Overview

10.1.3. Product Portfolio

10.1.4. Financial

10.1.5. Recent Industry Insights

10.1.6. SWOT Analysis

10.2. SGM Magnetics

10.2.1. Company Basic Information and Sales Area

10.2.2. Main Business/Business Overview

10.2.3. Product Portfolio

10.2.4. Financial

10.2.5. Recent Industry Insights

10.2.6. SWOT Analysis

10.3. Sinfonia Technology

10.3.1. Company Basic Information and Sales Area

10.3.2. Main Business/Business Overview

10.3.3. Product Portfolio

10.3.4. Financial

10.3.5. Recent Industry Insights

10.3.6. SWOT Analysis

10.4. Ohio Magnetics

10.4.1. Company Basic Information and Sales Area

10.4.2. Main Business/Business Overview

10.4.3. Product Portfolio

10.4.4. Financial

10.4.5. Recent Industry Insights

10.4.6. SWOT Analysis

10.5. Kanetec

10.5.1. Company Basic Information and Sales Area

10.5.2. Main Business/Business Overview

10.5.3. Product Portfolio

10.5.4. Financial

10.5.5. Recent Industry Insights

10.5.6. SWOT Analysis

10.6. Magnetic Lifting Technologies US (MLTUS)

10.6.1. Company Basic Information and Sales Area

10.6.2. Main Business/Business Overview

10.6.3. Product Portfolio

10.6.4. Financial

10.6.5. Recent Industry Insights

10.6.6. SWOT Analysis

10.7. Magnet Lifting

10.7.1. Company Basic Information and Sales Area

10.7.2. Main Business/Business Overview

10.7.3. Product Portfolio

10.7.4. Financial

10.7.5. Recent Industry Insights

10.7.6. SWOT Analysis

10.8. WOKO (Heppenstall Technology)

10.8.1. Company Basic Information and Sales Area

10.8.2. Main Business/Business Overview

10.8.3. Product Portfolio

10.8.4. Financial

10.8.5. Recent Industry Insights

10.8.6. SWOT Analysis

10.9. Sumitomo Heavy Industries

10.9.1. Company Basic Information and Sales Area

10.9.2. Main Business/Business Overview

10.9.3. Product Portfolio

10.9.4. Financial

10.9.5. Recent Industry Insights

10.9.6. SWOT Analysis

10.10. Gauss Magneti

10.10.1. Company Basic Information and Sales Area

10.10.2. Main Business/Business Overview

10.10.3. Product Portfolio

10.10.4. Financial

10.10.5. Recent Industry Insights

10.10.6. SWOT Analysis

10.11. Electro Magnetic Industries

10.11.1. Company Basic Information and Sales Area

10.11.2. Main Business/Business Overview

10.11.3. Product Portfolio

10.11.4. Financial

10.11.5. Recent Industry Insights

10.11.6. SWOT Analysis

10.12. Elektromag

10.12.1. Company Basic Information and Sales Area

10.12.2. Main Business/Business Overview

10.12.3. Product Portfolio

10.12.4. Financial

10.12.5. Recent Industry Insights

10.12.6. SWOT Analysis

10.13. Walmag Magnetics

10.13.1. Company Basic Information and Sales Area

10.13.2. Main Business/Business Overview

10.13.3. Product Portfolio

10.13.4. Financial

10.13.5. Recent Industry Insights

10.13.6. SWOT Analysis

10.14. LONGi Magnet

10.14.1. Company Basic Information and Sales Area

10.14.2. Main Business/Business Overview

10.14.3. Product Portfolio

10.14.4. Financial

10.14.5. Recent Industry Insights

10.14.6. SWOT Analysis

10.15. Adoba GmbH

10.15.1. Company Basic Information and Sales Area

10.15.2. Main Business/Business Overview

10.15.3. Product Portfolio

10.15.4. Financial

10.15.5. Recent Industry Insights

10.15.6. SWOT Analysis

10.16. Papko Magnet Co.

10.16.1. Company Basic Information and Sales Area

10.16.2. Main Business/Business Overview

10.16.3. Product Portfolio

10.16.4. Financial

10.16.5. Recent Industry Insights

10.16.6. SWOT Analysis

10.17. Gensco Equipment

10.17.1. Company Basic Information and Sales Area

10.17.2. Main Business/Business Overview

10.17.3. Product Portfolio

10.17.4. Financial

10.17.5. Recent Industry Insights

10.17.6. SWOT Analysis

10.18. Zanetti Magneti

10.18.1. Company Basic Information and Sales Area

10.18.2. Main Business/Business Overview

10.18.3. Product Portfolio

10.18.4. Financial

10.18.5. Recent Industry Insights

10.18.6. SWOT Analysis

10.19. Evertz Group

10.19.1. Company Basic Information and Sales Area

10.19.2. Main Business/Business Overview

10.19.3. Product Portfolio

10.19.4. Financial

10.19.5. Recent Industry Insights

10.19.6. SWOT Analysis

10.20. YATE Magnetics

10.20.1. Company Basic Information and Sales Area

10.20.2. Main Business/Business Overview

10.20.3. Product Portfolio

10.20.4. Financial

10.20.5. Recent Industry Insights

10.20.6. SWOT Analysis

10.21. Hunan Kemeida Electric

10.21.1. Company Basic Information and Sales Area

10.21.2. Main Business/Business Overview

10.21.3. Product Portfolio

10.21.4. Financial

10.21.5. Recent Industry Insights

10.21.6. SWOT Analysis

10.22. Wrinkle Industries

10.22.1. Company Basic Information and Sales Area

10.22.2. Main Business/Business Overview

10.22.3. Product Portfolio

10.22.4. Financial

10.22.5. Recent Industry Insights

10.22.6. SWOT Analysis

10.23. Sarda Magnets

10.23.1. Company Basic Information and Sales Area

10.23.2. Main Business/Business Overview

10.23.3. Product Portfolio

10.23.4. Financial

10.23.5. Recent Industry Insights

10.23.6. SWOT Analysis

10.24. Kakku E & P Control Co.

10.24.1. Company Basic Information and Sales Area

10.24.2. Main Business/Business Overview

10.24.3. Product Portfolio

10.24.4. Financial

10.24.5. Recent Industry Insights

10.24.6. SWOT Analysis

10.25. Moley Magnetics

10.25.1. Company Basic Information and Sales Area

10.25.2. Main Business/Business Overview

10.25.3. Product Portfolio

10.25.4. Financial

10.25.5. Recent Industry Insights

10.25.6. SWOT Analysis

10.26. MLTUS

10.26.1. Company Basic Information and Sales Area

10.26.2. Main Business/Business Overview

10.26.3. Product Portfolio

10.26.4. Financial

10.26.5. Recent Industry Insights

10.26.6. SWOT Analysis

10.27. Braillon Magnetics

10.27.1. Company Basic Information and Sales Area

10.27.2. Main Business/Business Overview

10.27.3. Product Portfolio

10.27.4. Financial

10.27.5. Recent Industry Insights

10.27.6. SWOT Analysis

11. Methodology/Research Approach

11.1. Research Programs/Material Type

11.2. Market Size Estimation

11.3. Market Breakdown and Data Triangulation

12. Data Sources

12.1. Secondary Sources

12.2. Primary Sources

List of Figures

40 items

Figure 1: Key Leading Regions

Figure 2: Key Leading Companies

Figure 3: Global Scrap Lifting Magnets Market

Figure 4: Global Scrap Lifting Magnets Market: Drivers

Figure 5: Global Scrap Lifting Magnets Market: Challenges

Figure 6: Global Scrap Lifting Magnets Market: Trends

Figure 7: Global Scrap Lifting Magnets Market: Opportunity

Figure 8: Global Scrap Lifting Magnets Market: Restraint

Figure 9: Global Scrap Lifting Magnets Market: Porter's Five Forces

Figure 10: Global Market Value (USD Million) (2020-2024) By Application

Figure 11: Global Market Share (%) By Application (2024)

Figure 12: Global Market Value (USD Million) (2020-2024) By Type

Figure 13: Global Market Share (%) By Type (2024)

Figure 14: Global Market Volume (K) (2020-2024) By Application

Figure 15: Global Market Share (%) By Application (2024)

Figure 16: Global Market Volume (K) (2020-2024) By Type

Figure 17: Global Market Share (%) By Type (2024)

Figure 18: Global Scrap Lifting Magnets Market Value (USD Million) By Region

Figure 19: Global Scrap Lifting Magnets Market Share (%) By: Regions (2024)

Figure 20: Top 5 Manufacturers

Figure 21: Top 3 Manufacturers

Figure 22: Global Market Value (USD Million) (2025-2032) By Application

Figure 23: Global Market Share (%) By Application (2032)

Figure 24: Global Market Value (USD Million) (2025-2032) By Type

Figure 25: Global Market Share (%) By Type (2032)

Figure 26: Global Scrap Lifting Magnets Market Value (USD Million) By Region

Figure 27: Global Scrap Lifting Magnets Market Share (%) By: Regions (2032)

Figure 28: Global Scrap Lifting Magnets Market Volume (K) By Region

Figure 29: Global Scrap Lifting Magnets Market Share (%) By: Regions (2024)

Figure 30: Top 5 Manufacturers

Figure 31: Top 3 Manufacturers

Figure 32: Global Market Volume (K) (2025-2032) By Application

Figure 33: Global Market Share (%) By Application (2032)

Figure 34: Global Market Volume (K) (2025-2032) By Type

Figure 35: Global Market Share (%) By Type (2032)

Figure 36: Global Scrap Lifting Magnets Market Value (USD Million) By Region

Figure 37: Global Scrap Lifting Magnets Market Share (%) By: Regions (2032)

Figure 38: Global Scrap Lifting Magnets Market Volume (K) By Region

Figure 39: Global Scrap Lifting Magnets Market Share (%) By: Regions (2032)

Figure 40: Data Triangulation

List of Tables

149 items

Table 1: Market Segmentation Analysis

Table 2: Global Scrap Lifting Magnets Revenue (USD Million) And Cagr (%) By Application (2020-2032)

Table 3: Global Scrap Lifting Magnets Revenue (USD Million) And Cagr (%) By Type (2020-2032)

Table 4: Global Scrap Lifting Magnets Revenue (USD Million) And Cagr (%) By Region (2020-2032)

Table 5: Global Market Value (USD Million) (2020-2024) By Application

Table 6: Global Market Share (%) By Application (2024)

Table 7: Global Market Value (USD Million) (2020-2024) By Type

Table 8: Global Market Share (%) By Type (2024)

Table 9: Global Market Volume (K) (2020-2024) By Application

Table 10: Global Market Share (%) By Application (2024)

Table 11: Global Market Volume (K) (2020-2024) By Type

Table 12: Global Market Share (%) By Type (2024)

Table 13: Global Scrap Lifting Magnets Market Value (USD Million) By Region

Table 14: Global Scrap Lifting Magnets Market Share (%) By Region

Table 15: North America Market Value (USD Million) (2020-2024) By Country

Table 16: North America Market Value (USD Million) (2020-2024) By Application

Table 17: North America Market Value (USD Million) (2020-2024) By Type

Table 18: Europe Market Value (USD Million) (2020-2024) By Country

Table 19: Europe Market Value (USD Million) (2020-2024) By Application

Table 20: Europe Market Value (USD Million) (2020-2024) By Type

Table 21: Asia Pacific Market Value (USD Million) (2020-2024) By Country

Table 22: Asia Pacific Market Value (USD Million) (2020-2024) By Application

Table 23: Asia Pacific Market Value (USD Million) (2020-2024) By Type

Table 24: South America Market Value (USD Million) (2020-2024) By Country

Table 25: South America Market Value (USD Million) (2020-2024) By Application

Table 26: South America Market Value (USD Million) (2020-2024) By Type

Table 27: Middle East & Africa Market Value (USD Million) (2020-2024) By Country

Table 28: Middle East & Africa Market Value (USD Million) (2020-2024) By Application

Table 29: Middle East & Africa Market Value (USD Million) (2020-2024) By Type

Table 30: Global Scrap Lifting Magnets Market Volume (K) By Region

Table 31: Global Scrap Lifting Magnets Market Share (%) By Region

Table 32: North America Market Volume (K) (2020-2024) By Country

Table 33: North America Market Volume (K) (2020-2024) By Application

Table 34: North America Market Volume (K) (2020-2024) By Type

Table 35: Europe Market Volume (K) (2020-2024) By Country

Table 36: Europe Market Volume (K) (2020-2024) By Application

Table 37: Europe Market Volume (K) (2020-2024) By Type

Table 38: Asia Pacific Market Volume (K) (2020-2024) By Country

Table 39: Asia Pacific Market Volume (K) (2020-2024) By Application

Table 40: Asia Pacific Market Volume (K) (2020-2024) By Type

Table 41: South America Market Volume (K) (2020-2024) By Country

Table 42: South America Market Volume (K) (2020-2024) By Application

Table 43: South America Market Volume (K) (2020-2024) By Type

Table 44: Middle East & Africa Market Volume (K) (2020-2024) By Country

Table 45: Middle East & Africa Market Volume (K) (2020-2024) By Application

Table 46: Middle East & Africa Market Volume (K) (2020-2024) By Type

Table 47: Global Scrap Lifting Magnets Market Revenue (USD Million) And Market Share (%) Of Key Manufacturers (2024)

Table 48: Global Scrap Lifting Magnets Market: Profiled Players Head Office And Area Served

Table 49: Key Players Global Scrap Lifting Magnets Market:

Table 50: Mergers & Acquisitions, Expansion Plans

Table 51: Walker Magnetics Basic Information And Sales Area

Table 52: Walker Magnetics. Products Portfolio

Table 53: SGM Magnetics Basic Information And Sales Area

Table 54: SGM Magnetics. Products Portfolio

Table 55: Sinfonia Technology Basic Information And Sales Area

Table 56: Sinfonia Technology. Products Portfolio

Table 57: Ohio Magnetics Basic Information And Sales Area

Table 58: Ohio Magnetics. Products Portfolio

Table 59: Kanetec Basic Information And Sales Area

Table 60: Kanetec. Products Portfolio

Table 61: Magnetic Lifting Technologies US (MLTUS) Basic Information And Sales Area

Table 62: Magnetic Lifting Technologies US (MLTUS). Products Portfolio

Table 63: Magnet Lifting Basic Information And Sales Area

Table 64: Magnet Lifting. Products Portfolio

Table 65: WOKO (Heppenstall Technology) Basic Information And Sales Area

Table 66: WOKO (Heppenstall Technology). Products Portfolio

Table 67: Sumitomo Heavy Industries Basic Information And Sales Area

Table 68: Sumitomo Heavy Industries. Products Portfolio

Table 69: Gauss Magneti Basic Information And Sales Area

Table 70: Gauss Magneti. Products Portfolio

Table 71: Electro Magnetic Industries Basic Information And Sales Area

Table 72: Electro Magnetic Industries. Products Portfolio

Table 73: Elektromag Basic Information And Sales Area

Table 74: Elektromag. Products Portfolio

Table 75: Walmag Magnetics Basic Information And Sales Area

Table 76: Walmag Magnetics. Products Portfolio

Table 77: LONGi Magnet Basic Information And Sales Area

Table 78: LONGi Magnet. Products Portfolio

Table 79: Adoba GmbH Basic Information And Sales Area

Table 80: Adoba GmbH. Products Portfolio

Table 81: Papko Magnet Co. Basic Information And Sales Area

Table 82: Papko Magnet Co.. Products Portfolio

Table 83: Gensco Equipment Basic Information And Sales Area

Table 84: Gensco Equipment. Products Portfolio

Table 85: Zanetti Magneti Basic Information And Sales Area

Table 86: Zanetti Magneti. Products Portfolio

Table 87: Evertz Group Basic Information And Sales Area

Table 88: Evertz Group. Products Portfolio

Table 89: YATE Magnetics Basic Information And Sales Area

Table 90: YATE Magnetics. Products Portfolio

Table 91: Hunan Kemeida Electric Basic Information And Sales Area

Table 92: Hunan Kemeida Electric. Products Portfolio

Table 93: Wrinkle Industries Basic Information And Sales Area

Table 94: Wrinkle Industries. Products Portfolio

Table 95: Sarda Magnets Basic Information And Sales Area

Table 96: Sarda Magnets. Products Portfolio

Table 97: Kakku E & P Control Co. Basic Information And Sales Area

Table 98: Kakku E & P Control Co.. Products Portfolio

Table 99: Moley Magnetics Basic Information And Sales Area

Table 100: Moley Magnetics. Products Portfolio

Table 101: MLTUS Basic Information And Sales Area

Table 102: MLTUS. Products Portfolio

Table 103: Braillon Magnetics Basic Information And Sales Area

Table 104: Braillon Magnetics. Products Portfolio

Table 105: Global Market Value (USD Million) (2025-2032) By Application

Table 106: Global Market Share (%) By Application (2032)

Table 107: Global Market Value (USD Million) (2025-2032) By Type

Table 108: Global Market Share (%) By Type (2032)

Table 109: Global Market Volume (K) (2025-2032) By Application

Table 110: Global Market Share (%) By Application (2032)

Table 111: Global Market Volume (K) (2025-2032) By Type

Table 112: Global Market Share (%) By Type (2032)

Table 113: Global Scrap Lifting Magnets Market Value (USD Million) By Region

Table 114: Global Scrap Lifting Magnets Market Share (%) By Region (2025-2032)

Table 115: North America Market Value (USD Million) (2025-2032) By Country

Table 116: North America Market Value (USD Million) (2025-2032) By Application

Table 117: North America Market Value (USD Million) (2025-2032) By Type

Table 118: Europe Market Value (USD Million) (2025-2032) By Country

Table 119: Europe Market Value (USD Million) (2025-2032) By Application

Table 120: Europe Market Value (USD Million) (2025-2032) By Type

Table 121: Asia Pacific Market Value (USD Million) (2025-2032) By Country

Table 122: Asia Pacific Market Value (USD Million) (2025-2032) By Application

Table 123: Asia Pacific Market Value (USD Million) (2025-2032) By Type

Table 124: South America Market Value (USD Million) (2025-2032) By Country

Table 125: South America Market Value (USD Million) (2025-2032) By Application

Table 126: South America Market Value (USD Million) (2025-2032) By Type

Table 127: Middle East & Africa Market Value (USD Million) (2025-2032) By Country

Table 128: Middle East & Africa Market Value (USD Million) (2025-2032) By Application

Table 129: Middle East & Africa Market Value (USD Million) (2025-2032) By Type

Table 130: Global Scrap Lifting Magnets Market Volume (K) By Region

Table 131: Global Scrap Lifting Magnets Market Share (%) By Region (2025-2032)

Table 132: North America Market Volume (K) (2025-2032) By Country

Table 133: North America Market Volume (K) (2025-2032) By Application

Table 134: North America Market Volume (K) (2025-2032) By Type

Table 135: Europe Market Volume (K) (2025-2032) By Country

Table 136: Europe Market Volume (K) (2025-2032) By Application

Table 137: Europe Market Volume (K) (2025-2032) By Type

Table 138: Asia Pacific Market Volume (K) (2025-2032) By Country

Table 139: Asia Pacific Market Volume (K) (2025-2032) By Application

Table 140: Asia Pacific Market Volume (K) (2025-2032) By Type

Table 141: South America Market Volume (K) (2025-2032) By Country

Table 142: South America Market Volume (K) (2025-2032) By Application

Table 143: South America Market Volume (K) (2025-2032) By Type

Table 144: Middle East & Africa Market Volume (K) (2025-2032) By Country

Table 145: Middle East & Africa Market Volume (K) (2025-2032) By Application

Table 146: Middle East & Africa Market Volume (K) (2025-2032) By Type

Table 147: Research Programs/Design For This Report

Table 148: Key Data Information From Secondary Sources

Table 149: Key Data Information From Primary Sources

Contact for Full Report

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Scrap Lifting Magnets Market Overview

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Report Overview

Report Attribute	Details
Market size value in 2025	399.00 million
Revenue forecast in 2033	497.64 million
Growth rate	CAGR of 2.8% from 2025 to 2033
Actual data	2021 - 2024
Forecast period	2025 - 2033
Quantitative units	Revenue in USD Million and CAGR from 2025 to 2033
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Application, Type
Regional scope	North America; South America; Europe; Middle East & Africa; Asia Pacific
Country scope	United States; Canada; Mexico; Brazil; Argentina; Rest of South America; United Kingdom; Germany; France; Italy; Spain; Russia; Benelux; Nordics; Rest of Europe; Turkey; Israel; GCC; North Africa; South Africa; Rest of Middle East & Africa; China; India; Japan; South Korea; ASEAN; Oceania; Rest of Asia Pacific
Key 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
Customization scope	Free report customization (equivalent to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

Market Dynamics

Growth Drivers2 items

Restraints2 items

Opportunities2 items

Challenges2 items

Market Segmentation

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Scrap Lifting Magnets Segmentation Breakdown7 items

Application

Foundry Industries

Recycling Industries

Others

Type

Rectangular Magnets

Circular Magnets

Regional Insights

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Competitive Landscape

Walker Magnetics: regional expansion

SGM Magnetics: premium pricing

Sinfonia Technology: innovation pipeline

Ohio Magnetics: local manufacturing

Kanetec: OEM tie-ups

Magnetic Lifting Technologies US: vertical integration

Key Scrap Lifting Magnets Companies27 items

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

Market Ecosystem

Raw material/component suppliers — provide magnet components

OEMs / manufacturers — design and manufacture scrap lifting magnets

System integrators / EPCs — integrate magnets into lifting systems

Distributors / channel partners — supply magnets to end users

Service providers / after-sales — offer maintenance and repair services

End users / buyers — utilize scrap lifting magnets in operations

Regulators/standards bodies — establish safety and performance standards

Recent Industry Insights

Analyst Overview

Table of Contents