Global Crucible Lifters Market is Anticipated to Reach USD 27,102.5 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Crucible Lifters Market, By Product, Diameter, Lifting Capacity, End-user, and Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 15,868.9 Million in 2022 and is anticipated to expand at a growth rate of 6.2% by 2031.

A crucible is a container that is utilized to hold melted metals and transfer them to dies to form new alloys or casts. Traditionally, crucibles are constructed from metallic and ceramic materials that tolerate extremely high temperatures. Crucible lifters are made specifically for handling hot crucibles that contain molten metal. Generally, they consist of a circular frame with a top bracing leg that provides straight vertical lifting and correct rigging alignment. The frame diameter is slightly larger than the crucible.

The crucible lifters market has been fragmented into by product type, diameter, lifting capacity, end use and region. Based on product type, the crucible lifters market is bifurcated as internal lifter and external lifter. On the basis of diameter, the crucible lifters market is segmented as less than 500 mm, 500-1000 mm, and above 1000 mm. In terms of lifting capacity, the crucible lifters market is classified as less than 500kg , 500-1000 kg, and above 1000 kg. In terms of end-user, the crucible lifters market is categorized into foundries and laboratory. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

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Key factors that are anticipated to fuel the crucible lifters market during the forecast period include the increasing demand for metal casting products, adoption of material handling equipment in the casting industry, and integration of AI in the manufacturing industries. The use of material handling equipment in the casting industry has an impact on a number of factors, including employee, environmental, and advertising practices. Safety is a top priority when it comes to the crucible lifters. Crucible lifters prevent molten metal from polluting with other materials of crucibles and also ensure user safety. Crucible lifters are becoming increasingly common, due to the growing use of material handling equipment in the casting industry.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, created global interdependence, and challenged various governments. Manufacturers of crucible lifters faced high fluctuations in raw material supply during the pandemic. Manufacturing units were shut down during the pandemic, which restrained the market. This decreased the demand for various raw materials used to manufacture crucible lifters. Furthermore, supply chain disruption led to delays in the production and delivery of crucible lifters, thus affecting the overall market.

According to the Growth Market Reports industry analyst, Partha Paul, crucible lifters are an essential tool used in the casting industry for handling crucibles containing hot molten metals.

The market is projected to expand during the forecast period, due to the increasing casting products demand from industrial sectors, including aerospace, automotive, and others. Melted metal is poured into a die or sand mold at a foundry to create the required form in a process known as metal casting. Large and intricate pieces are produced with this process for a range of industrial uses. The metal casting operations are expanding, owing to the growing demands for energy efficiency and highly precise products in automobiles. The rising need of die cast production is fueling the use of crucible lifter in foundries.

A supply chain is a network between a manufacturer and suppliers to produce and distribute a specific product to the final buyers. This network includes different people, regulatory bodies, entities, information, and resources. Crucible lifters are used to lift various heavy crucibles containing molten metals. Raw materials to manufactur crucible lifters are procured from raw material suppliers and stored at warehouses or manufacturing sites. Raw materials are inspected to ensure their quality. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. The finished products are then supplied to the distributors. Distributors store finished products in large inventories and are mediators in the supply chain. They directly obtain the products from the manufacturers and pass them midstream. End-users of crucible lifters include foundries and laboratories.

Key Takeaways from the Study:

• The players in the crucible lifters market include Bradley Lifting Corporation, Morgan Advanced Materials plc, MIFCO - McEnglevan Industrial Furnace Company, Inc., cetarc Ltd., Heat Master, Heatech Engineers, ACCO Mateiral Handling Equipment, New London Foundry., which held a significant market share in 2022.

• Based on product type, the crucible lifters market is segmented into internal lifter and external lifter. Crucibles are able to be moved quickly and easily, due to an internal crucible lifter. Crucible is able to be elevated through the top aperture without taking off the top cover of the furnace, which saves crucial work hours and minimizes downtime. Furthermore, these internal lifters are simple to use, guard against damage to heater panels, and reduce expense on repairs, driving the segment.

• On the basis of lifting capacity, the crucible lifters market is categorized less than 500 kg, 500-1000 kg, and above 1000 kg. The crucible lifters weight capacity significantly exceeds the full weight of the crucible and molten metal it will carry. The crucible lifters that work on levers are able to move big crucibles with little physical effort. Small foundries and industrial facilities are the primary users of crucible lifters weighing less than 500 kg, which boosts the segment.

• Based on end-user, the crucible lifters market is segmented into foundries and laboratory. A foundry is a type of factory where metal castings are made. Melting metal into a liquid, pouring into a mold, and finally taking out the mold material after the metal cools and solidifies are the steps involved in casting metal into forms. Crucible lifters are mainly used in these steps. Rising lightweight material costs across industries are driving up demand for die cast products and high-quality casting operations. The foundries segment is expanding, due to the growing trend of cast produced materials.

• In terms of region, the crucible lifters market is divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to expand at significant CAGR during the forecasted period, due to the rapidly growing industrialization and urbanization in the region. In the casting industry, crucible lifters are a vital tool for handling hot crucibles that are loaded with molten metal. The growth of the market is being driven by the widespread presence of manufacturing companies in the region, especially in China and India. Moreover, increasing investments in manufacturing industries increase the usage of die cast production, fueling the crucible lifter market in this region.

Report Scope:

Target Audience:

• Supply-side: Manufacturer and distributors

• Demand Side: Metal casting foundry and laboratory

• Regulatory Side: Concerned government authorities and other approval regulatory bodies

• Associations and Industry Bodies: ISO, ILO, OSHA, and ANSI