About Magnetic Slide Conveyors
Magnetic slide conveyors are used in magnetic belt conveyors for transporting materials vertically and upside down. Magnetic slide conveyors market has high growth prospects owing to increasing demand from the steel industries, mining, chemicals, automotive, and other industries. Further, growing industrialization in developing countries and technological advancement in the conveyor belts expected to drive the demand for magnetic slide conveyors over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.3% |
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Magnetic Slide Conveyors market throughout the forecasted 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.
Storch Magnetics (United States), MBM Industry & Rail Tech (Austria), Endura-Veyor (United States), Goudsmit Magnetics (Netherland), Mc Nichols Conveyor (United States), Goessling (United States) and MPI (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are NSM MAGNETTECHNIK GmbH (Germany) and Livonia Magnetics, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Magnetic Slide Conveyors market by Type (Oblique Magnetic Slide Conveyors and Flat Magnetic Slide Conveyors) and Region.
On the basis of geography, the market of Magnetic Slide Conveyors 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 End User, the sub-segment i.e. Steel Industries will boost the Magnetic Slide Conveyors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand from Manufacturing Industry and Technological Advancement in the Conveyor Belts
Market Growth Drivers:
Rising Demand from the Steel Industry and Growing Industrialization in the Developing Countries
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
High Cost of Magnetic Slide Conveyors and Lack of Skilled Professional for Operation
Opportunities:
Growing Application in the Automotive Industry and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In April 2024, Electric aircraft company Ampaire acquired Magpie Aviation, a Silicon Valley-based developer of electric tow aircraft. Ampaire has developed hybrid electric propulsion systems that can be integrated into general aviation and regional turboprop commercial aircraft.
In October 2021, Alpena, Michigan-based Endura-Veyor says its scrap metal handling and conveyance solutions can reduce worker injury and maintenance time, which ultimately boosts process efficiency and uptime. The lineup of equipment is ideal for metal fabrication applications ranging from steel belt, drag chain, fabric belt, z-style, magnetic conveyors and magnetic separators.
Key Target Audience
Magnetic Slide Conveyors Manufacturers, Suppliers and Distributors, Potential Investors, Raw Material Suppliers, Associations, Government, End-Use Industries 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.