According to Acumen Research and Consulting, the global cut and bend equipment market is expected to grow at noteworthy CAGR around 4.7 % throughout the forecast period and reach around US$ 1.6 billion by 2026.
Based on its different shapes, sizes and quantities, the cut and bend machines have many applications in the building industry. For the cutting and bending purposes, cut & bend equipment is used. The equipment helps to better manage the inventory, which not only reduces the need for space to maintain bars, but also helps to save labor and waste costs. Due to the increasing popularity of cut-and-bending equipment for cutting, bending, shaping, meshing and others, demand for integrated reinforcement equipment is expected to increase over the forecast period. Integrated equipment can carry out multiple operations with the application of spirals and rebar material such as cutting and bending, straightening and straightening.
The report provides analysis of global Cut and Bend Equipment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
The most significant market share of cutting and forming machines. Stirrup machinery is currently in the largest proportion under cutting and shaping machines and will continue to dominate it over the forecast years. This is because the machine is enhanced by substituting conventional stirrup machines with high-force stirrup machines. Due to its advantages such as less manual intervention and faster processing (cutting, bending), automatic cutting & bending systems are a more convenient way of making equipment. The benefits include reduced workforce requirements, improved speed, generated lower scrap and increased production. However, compared to the semi-automatic equipment, this equipment costs more. Automated machines are also more bulky because of the integrated components that are necessary for automated functions. Constructors / engineering contractor play an important role in the end-users, as bar processing such as cuts and bends, etc., is carried out mainly on building sites as required. The growth of the cut-off equipment market is driven by a number of factors, such as rising demand for cities in emerging markets, growing world-wide construction operations and demand for steel products in infrastructure and real estate sectors.
The growing demand is a direct consequence of shifting trends in the world's financial and production sectors. As Asia-Pacific's growing population and large markets for various vertical industries have driven businesses to move to these developing economies.The automotive industry and its auxiliary sectors are closely followed by the largest consumers of manufacturing equipment. Manufacturing companies Demand & offer is expected to increase over the forecast period for major industries in cut and bent such as aerospace and defence.
Global population growth drives energy consumption and demand. The demand for cut and bent equipment is expected to increase quickly by industrialisation. However, high costs for raw materials will constitute a significant constraint to the growth of the market. However, technological developments and efforts to develop customized equipment are anticipated in the near future to create business opportunities for producers.
The cutting and bending machinery market can be categorized into Middle East & Africa, Europe, South America, Asia Pacific and North America, according to the region. The building materials market is encouraging growing infrastructure and building activities worldwide. Due to the rapid adoption of industrial Internet of Things in the Asia-Pacific region, industrial product manufacturers focus on the advanced technology products. In addition, increased awareness of better government initiatives and infrastructure resulted in a growth in construction, steel and, in turn, the market of cutting and bending equipment.
Global Cut and Bend Equipment Market, By Product Type
Global Cut and Bend Equipment Market, By Operation Mode
Global Cut and Bend Equipment Market, By End-user
Global Cut and Bend Equipment Market, By Geography
The market research study on “Cut and Bend Equipment Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Cut and Bend Equipment market segments with market dynamics and their impact. The report also covers basic technology development policies.
The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels.
An overview of the market and its main concerns is a comprehensive analysis of the global Cut and Bend Equipment market. Market dynamics encompasses drivers, restraints and opportunities to simplify the behavior of the market. A thorough study into the products and geographic segments that would help to understand current market trends is presented in the Section on Market Segmentation.
The analytics from Porter's Five Force could be useful in determining market profitability for strategists. The cost of the purchaser to switch a Cut and Bend Equipment product is low and the supplier has low negotiating power. Cut and Bend Equipment products are less varied and the threat of new entrants is increasing. The threat of substitutes increases with low cost change for consumers and the accessibility of alternative therapies. Many competitors are present on the market and industrial rivalry is intense.
Key Players & Strategies
A large number of local and regional companies operate on the cutting and bending equipment market. Key operating players on the global equipment market include Eurobend S.A., KRB Machinery, M.E.P. Macchine Elettroniche Piegatrici S.p.A., Progress Holding AG, Schnell Spa, SweBend, and Toyo Kensetsu Kohki CO., LTD. Players presence of a great number of local and regional players, are estimated to face a tough competition. The key players focus primarily on research & development and product innovation to reinforce their market presence.
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