The article cited AMA's Global Lifting Magnets Market Study explored substantial growth with CAGR of 3.0%. According the report, Development & Modernization of Infrastructure is one of the primary growth factors for the market. Increasing Demand for Efficiency & Miniaturization is also expected to contribute significantly to the Lifting Magnets market. Overall, Automotive applications of Lifting Magnets, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Sumitomo Heavy Industries (Japan), Kanetec (United States), Walker Magnetics (Alliance Holdings) (United States), Evertz Group (Germany), Hishiko Corporation (Japan), Magnetool, Inc. (United States), Sarda Magnets Group (India), WOKO Magnet (Germany), Armstrong Magnetics, Inc. (United States) and Industrial Magnetics, Inc. (IMI) (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Distribution Channel, such as Online, is boosting the Lifting Magnets market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Lifting Magnets market identified that the demand is rising in many different parts of the world as "Development of Technology ". Furthermore, some recent industry insights like "In June 2023, IHI Corporation today announced a breakthrough high-flux plastic magnet rotor prototype for ultra-high-speed motors for aircraft and automobiles. This achievement is the fruit of collaboration with Akita University and three Akita Prefecture-based companies that leveraged support from the Akita Industrial Technology Center." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Quality Control in Developing Countries"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Lifting Magnets market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Lifting Magnets market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Lifting Magnets market tight?
• Which application/end-user category or Product Type [Permanent Lifting Magnets, Battery Powered Lifting Magnets, Electro-permanent Lifting Magnets and Others] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Lifting Magnets market and other related sub-markets covered in the study.

o Key & emerging players in the Lifting Magnets market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Lifting Magnets market size is calculated using market estimation process, the Lifting Magnets market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Lifting Magnets market size has been validated using both top-down and bottom-up approaches.