Magnetic Sweepers Market Forecast and CAGR
The major application of the magnetic sweepers is for the cleaning of hazardous metal scraps which includes iron chips, nuts, nails, bot, staples pins etc. from clean, rough and sandy surfaces. It is used to sweep at the places such as sand where it is very difficult to find the metal or iron pieces. As per the research report published by Fact.MR, magnetic sweepers market is poised to grow at a CAGR of 4.2% deucing the forecast period 2021-31.
This comprehensive report is intended to provide readers with a complete understanding of dynamics in market in the forecast period. The report also provides several decision support framework that can help stakeholders of industry to take data driven decision on growth, expansion, acquisition and capacity addition.
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Key Segmentation
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Based on product type, the market is segmented into:
- Hand-Held
- Push
- Forklift
- Trailer
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Based on application, the market is segmented into:
- Highways
- Airfields
- Parking lots
- Loading docks
- City streets
- Others
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Based on region, the market is segmented as
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
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Who are the key suppliers/manufacturers?
Some of the leading manufacturers and suppliers are
- Magnetic Systems International
- Hangseng Magnetech Co.Ltd.
- Ohio Magnetics Inc.
- Jay Krishna Magnetic Solutions
- Ningbo Souwest Magnetech Development Co. Ltd
- Monroe, Eriez Manufacturing Co.
- Uptech engineering
- Industrial Magnetics Inc.
- Eriez
- MASTER MAGNETICS Inc
- Goudsmit Magnetics
With a large number of major and minor players, the market is fragmented. Players use a variety of tactics to stay competitive in the industry which includes the new product release and bringing innovation to the table. To meet customer demand, they are expanding their business across different regions. Such initiatives adopted by the players keep the market competitive in nature and poised for future growth.
Key factors which will drive sales of the product
There is excessive use of magnetic sweepers in the food processing and milling industries as these industries use them to easily separate ferrous impurities from the products without causing damage to the product. These basic devices may be integrated into the current production lines, making it an excellent investment.
They are available in lightweight, and heavy-duty versions, depending on the industry in which they will be used. The top-level of ferrous contamination is seen in raw agricultural products manufacturing. The machinery which is used to gather the crops in the agricultural industry introduces various metal contaminants during the processing.
Acute metal poisoning can occur if ferrous impurities are not removed from the food products, causing serve to fatal problems for consumers. Thus, it plays a major role to sweep up the metal contaminants during the process which increases the sale of the product. Owing to the aforementioned factors, the sales of this equipment would remain consistent throughout the forecast period.
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