The global electromagnetic spreader market is poised for significant growth from 2025 to 2030, driven by increasing demand in industries such as metallurgy, mining, and machinery. Electromagnetic spreaders are critical equipment used for lifting and transporting heavy materials, offering advantages such as precision, safety, and efficiency. The market is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period, reaching a market size of approximately $1.8 billion by 2030.
In 2025, the electromagnetic spreader market is projected to be valued at $1.4 billion. By 2030, the market is anticipated to expand to $1.8 billion, reflecting a steady growth trajectory. The market share is dominated by key players such as Crosby Airpes, DGCRANE, DIMET, SGM Magnetics, Zhongke Electric, Walker Magnetics, and Zhuzhou Hanwei Magnetic Technology. These companies collectively hold a market share of approximately 65%-70%.
The electromagnetic spreader market is witnessing several key trends:
The market is segmented by product type into:
The market is further segmented by process into:
The electromagnetic spreader market is segmented by application into:
The market is segmented by end-use into:
The electromagnetic spreader market is segmented by region into:
Recent developments in the electromagnetic spreader market include:
The electromagnetic spreader market is expected to witness significant growth across all segments:
The global electromagnetic spreader market is set for robust growth from 2025 to 2030, driven by technological advancements, increasing industrial activities, and stringent safety regulations. Key players are focusing on innovation and strategic expansions to capitalize on emerging opportunities. With a projected market size of $1.8 billion by 2030, the electromagnetic spreader market presents significant growth potential across various industries and regions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook