Global Hoisting Magnets Market Forecast: Industry Size, Growth and Analysis Insights
Report ID : 1326452 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Hoisting Magnets Market is categorized based on Type (Electromagnetic Hoisting Magnets, Permanent Hoisting Magnets, Battery-Powered Hoisting Magnets) and Application (Construction, Shipbuilding, Manufacturing, Scrap Handling, Material Handling) and End-User Industry (Automotive, Aerospace, Energy, Logistics, Steel and Metal) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Estimated at $500 million in 2023, the Hoisting Magnets Market size is forecasted to reach $800 million by 2033, exhibiting a CAGR of 5.0% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.
Although the construction industry makes up a relatively smaller portion of the world economy, it has been witnessing consistent growth in recent years. This growth is fuelling investment opportunities across the globe. Whilst focusing on both developed as well as emerging economies, the Hoisting Magnets Market has seen unprecedented growth. With heavy automation integrating into industries such as constructions, logistics, and manufacturing, the demand for powerful, efficient, and reliable lifting tools such as hoisting magnets is at an all time high.
Moreover, technological advancements in materials have further developed the effectiveness, usability, and longevity of hoisting magnets. Lack of innovative functional designs contribute to prolonged operational and downtimes, which increases a company’s expenditure. In contrast, proactive emphasis on workplace safety further enables market growth of hoisting magnets. In recent years, the construction market is progressively shifting towards emerging economies. Emerging economies focus on infrastructural alterations and hence consume a bulk of the international resources, thus streamlining the use of powered lifting tools. As new technologies are adopted, new challenges arise whisks this sector to greater heights. Treating challenges as opportunities can enable higher market potential, provided paying attention to efficiency and safety.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Verton, ELECTRO BRAKE, Magswitch Technology, Walker Magnetics, Goudsmit Magnetics, Koch Magnetics, Bunting Magnetics, Tsubaki Nakashima, Eclipse Magnetics, KJ Magnetics, AFT Fasteners |
| SEGMENTS COVERED |
By Type - Electromagnetic Hoisting Magnets, Permanent Hoisting Magnets, Battery-Powered Hoisting Magnets
By Application - Construction, Shipbuilding, Manufacturing, Scrap Handling, Material Handling
By End-User Industry - Automotive, Aerospace, Energy, Logistics, Steel and Metal
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Hoisting Magnets Market Dynamics
The Hoisting Magnets Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Hoisting Magnets Market Segmentations
Market Breakup by Type
- Overview
- Electromagnetic Hoisting Magnets
- Permanent Hoisting Magnets
- Battery-Powered Hoisting Magnets
Market Breakup by Application
- Overview
- Construction
- Shipbuilding
- Manufacturing
- Scrap Handling
- Material Handling
Market Breakup by End-User Industry
- Overview
- Automotive
- Aerospace
- Energy
- Logistics
- Steel and Metal
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Hoisting Magnets Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Verton
- ELECTRO BRAKE
- Magswitch Technology
- Walker Magnetics
- Goudsmit Magnetics
- Koch Magnetics
- Bunting Magnetics
- Tsubaki Nakashima
- Eclipse Magnetics
- KJ Magnetics
- AFT Fasteners
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Company Profiling
● Detailed profiling of additional market players (up to three players)
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● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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