What is Magnetic Application Equipment?
Magnetics application equipment is widely used in various industrial applications like material handling, assembly, and machine tending, etc. It is also used for easy lifting and moving metals and magnetic materials from one place to another or loading/unloading. Further, the various types of magnetic separators are adopted by the food & beverages companies to remove or extract ferrous parts from food products. The growing food & beverages sector because of increasing food demand across the globe is expected to increase the demand for magnetic equipment in the industry.
The market study is broken down by Type (Magnetic Separators, Iron Removal, Magnetic Lifting Machine and Others) and major geographies with country level break-up.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Magnetic Application Equipment market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eriez (United States), Nippon Magnetics, Inc. (Japan), Electro Flux Equipments (India), Bunting Magnetics (United States), Ano-Mag (Canada), Misumi Group Inc. (Japan), Innovative Magnetics (United States), Hammond Power Solutions (Canada), Dura Magnetics, Inc. (United States) and Goudsmit Magnetics (Netherland) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Magnetic Application Equipment market by Type, Application and Region.
On the basis of geography, the market of Magnetic Application Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Mining will boost the Magnetic Application Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Intensity, the sub-segment i.e. Low & Medium will boost the Magnetic Application Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Dry will boost the Magnetic Application Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In March 2021, OnRobot launched a versatile, high-performance, easy to use magnetic gripper MG10 for various applications in the manufacturing & automotive industry. The gripper MG10 comes with a built-in grip and sensors that facilitate grip detection features to provide unprecedented levels of control and is ready to take over machine tending, assembly, and material handling tasks that were once performed by costly and complex pneumatic grippers.
Market Trend
- Increased Use of Machineries and Different Equipment for Loading/Unloading and Moving Heavy Metals or Materials Especially Iron Blocks
Market Drivers
- Increasing Demand of Magnetic Separators to Extract or Separate Magnetic Particles from Food Items, Purify Minerals
Opportunities
- Government Policies to Reduce Custom Duty on Alloy and Non-alloy Products for the Growth of MSMEs in Developing Countries
Restraints
- High Cost Associated With Maintenance of Magnetic Equipment
Challenges
- Sometimes Magnet May Break or Crack Upon Sudden Collisions with Other Magnets or Metals
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Magnetic Application Equipment Manufacturers, Suppliers and Distributors of Magnetic Application Equipment, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.