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World - Electromagnets And Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends And Insights
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The global market for electromagnets and electromagnetic lifting heads is forecasted to experience growth in both consumption and production volumes over the next eight years, with certain fluctuations observed in key market trends. The United States, China, Germany, and Japan are among the leading countries in terms of both production and consumption. Export and import volumes are also expected to gradually increase, with countries such as China, Japan, and Germany playing a significant role in shaping global market trends. Overall, the market is projected to expand steadily, driven by increasing demand for these essential components.
Market Forecast
Driven by increasing demand for electromagnets and electromagnetic lifting heads worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 993K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $25.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electromagnets And Electromagnetic Lifting Heads
In 2022, approx. 798K tons of electromagnets and electromagnetic lifting heads were consumed worldwide; flattening at 2021 figures. The total consumption volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak volume of 832K tons. From 2017 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global electromagnetic lifting head market value expanded modestly to $17.4B in 2022, picking up by 2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $20.4B. From 2021 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (166K tons), the United States (126K tons) and India (68K tons), together comprising 45% of global consumption. Germany, Japan, Russia, South Korea, Mexico, Turkey, the UK, Canada, Democratic Republic of the Congo and Malaysia lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($4.9B) led the market, alone. The second position in the ranking was taken by China ($2.3B). It was followed by Germany.
In the United States, the electromagnetic lifting head market increased at an average annual rate of +5.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: China (+4.0% per year) and Germany (+0.3% per year).
The countries with the highest levels of electromagnetic lifting head per capita consumption in 2022 were Germany (585 kg per 1000 persons), Malaysia (417 kg per 1000 persons) and Canada (387 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Malaysia (with a CAGR of +7.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Electromagnets And Electromagnetic Lifting Heads
In 2022, approx. 782K tons of electromagnets and electromagnetic lifting heads were produced worldwide; therefore, remained relatively stable against the year before. The total output volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 12%. As a result, production attained the peak volume of 847K tons. From 2017 to 2022, global production growth remained at a lower figure.
In value terms, electromagnetic lifting head production rose remarkably to $19.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25%. As a result, production reached the peak level of $20.7B. From 2021 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (201K tons), the United States (102K tons) and India (64K tons), together accounting for 47% of global production. Japan, Germany, Russia, South Korea, Mexico, Turkey, Democratic Republic of the Congo, Canada, the UK and Italy lagged somewhat behind, together accounting for a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the UK (with a CAGR of +11.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electromagnets And Electromagnetic Lifting Heads
In 2022, purchases abroad of electromagnets and electromagnetic lifting heads increased by 4.1% to 184K tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, electromagnetic lifting head imports reduced to $3.5B in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $3.5B, and then dropped slightly in the following year.
Imports By Country
In 2022, the United States (28K tons) and Germany (28K tons) represented the key importers of electromagnets and electromagnetic lifting headsin the world, together reaching approx. 30% of total imports. Malaysia (14K tons) held a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by China (7.3%), Japan (5.3%) and South Korea (4.5%). The following importers - France (6.3K tons), India (6K tons), Thailand (5.7K tons), Hungary (4.6K tons), Mexico (4.6K tons), the Czech Republic (4.4K tons) and Romania (4.4K tons) - together made up 20% of total imports.
From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +26.5%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest electromagnetic lifting head importing markets worldwide were the United States ($493M), Germany ($401M) and China ($390M), with a combined 37% share of global imports. France, Japan, Mexico, the Czech Republic, Thailand, South Korea, Hungary, Romania, India and Malaysia lagged somewhat behind, together accounting for a further 33%.
France, with a CAGR of +14.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average electromagnetic lifting head import price stood at $18,751 per ton in 2022, which is down by -5.7% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by 5.2% against the previous year. As a result, import price attained the peak level of $21,908 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($42,381 per ton), while Malaysia ($3,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electromagnets And Electromagnetic Lifting Heads
In 2022, approx. 168K tons of electromagnets and electromagnetic lifting heads were exported worldwide; remaining relatively unchanged against the year before. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports attained the peak of 170K tons, and then declined modestly in the following year.
In value terms, electromagnetic lifting head exports stood at $3.3B in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 11%. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
China (48K tons) and Japan (34K tons) represented the key exporters of electromagnets and electromagnetic lifting heads in 2022, reaching near 29% and 20% of total exports, respectively. Germany (15K tons) ranks next in terms of the total exports with an 8.9% share, followed by South Korea (5.6%). Poland (6.6K tons), Italy (6.1K tons), the Czech Republic (4.6K tons), Taiwan (Chinese) (4.3K tons), the United States (3.9K tons), France (3.6K tons) and Hong Kong SAR (3.1K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +8.7%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($621M), Germany ($565M) and Japan ($422M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 49% of global exports. The United States, South Korea, France, Italy, Poland, the Czech Republic, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 27%.
South Korea, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average electromagnetic lifting head export price stood at $19,532 per ton in 2022, picking up by 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12% against the previous year. The global export price peaked at $22,427 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($55,935 per ton), while Japan ($12,558 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electromagnetic lifting head market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
- Prodcom 27904560 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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