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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A magnet called a "scrap heap magnet" is used in junkyards to move metal scrap. It can only lift magnetic objects. Essentially, the scrap heap magnet is a huge electromagnet that is powered by a massive battery. It operates in a similar manner as a standard electromagnet.
A soft iron core is coiled in thick insulated copper wire. An electromagnet's magnetic strength is influenced by the coil's current and turn count. The coil's many turns provide a powerful magnetic field, and the copper wire can resist very high currents. All of the magnetic materials in the scrap are drawn to the current as it passes because it becomes so powerful.
The Global scrap lifting magnet Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
SENNEBOGEN LLC has introduced a new range of lifting magnets as part of its ongoing expansion of the OEM attachments it offers for its material handlers.
According to SENNEBOGEN LLC, the company is advancing its intentions to offer comprehensive material handling solutions to its clients. The line of 4-tine and 5-tine scrap grapples and mag-grapples for scrap and recycling operations will be completed by the series of lifting magnets from SENNEBOGEN.
Scrap magnets made by SENNEBOGEN are created to maximise both the magnet's lifespan and the lifting power of the material handling machinery.
The new magnets are engineered and purpose-built to fit the processing capacity, material densities, and duty-cycle profile of the particular operation of the customer, just like SENNEBOGEN material handlers. The SENNEBOGEN lifting magnets will be offered through all SENNEBOGEN equipment distributors coast to coast in a variety of standard sizes ranging from 30" to 72".
Deep field handling magnets from the CANMAG Heavy Duty 230V DC Scrap Handling Magnet Series are highly durable and made with a cast steel shell, a bottom plate made of manganese steel, and ribbing for added safety. Completely secure terminals with plug-in leads and a protective cover.
The strongest magnetic lifts are provided by this 230 volt DC device, which is wound with a sturdy aluminium coil and appropriate for use in harsh daily conditions.
The heavy-duty fabricated steel shell and manganese steel bottom plate used in the construction of the CANMAG Light Duty 12 and 24V DC Scrap Handling Magnets Series provide additional protection. Aluminum coil wound for operation at 60 to 75% duty cycle at 12 or 24 volts DC.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2024 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2024 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |