According to Acumen Research and Consulting, the global Rebar Processing Equipment market is expected to grow at noteworthy CAGR around 6.6 % throughout the forecast period and reach around US$ 950 million by 2026. The report provides analysis of global Rebar Processing Equipment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Rebar processing equipment has various functions, including the cutting, curing, lifting and de-coiling of the reinforced bar known as rebar. According to its different shapes, size and quantities, Rebar has many applications in the construction industry. This machine can be used to operate various rebar operations according to contractors or construction companies. The worldwide growth of the building industry will increase the demand for the processing equipment for bars. As infrastructure activities of private and government organizations are expanding, China, India and the US are expected to be a major contributor to this growth. Rebar is one of the main components to promote the demand for rebar processing equipment in construction. Furthermore, technological progress increases productivity by reducing the rebar processing time cycle. Automation is expected to drive the market in the rebar processing industry in the next few years. The cost of the equipment is a major factor that is expected to hinder the growth of the market for rebel processors. There are no huge investments for small and medium-sized enterprises. Unfavorable economic conditions also create volatility in immobilization. This scenario is expected to hinder the growth of rebar equipment worldwide in the market.
The market for rebar processors is divided into the types, operations, end-users and regions. Depending on the type of machines, rebar processers may be categorized as a bending machine, a cutting and straightening bar, etc. Other segments include the bending radius, the bending machine, etc. The most popular machine used in the construction and steel industry is the bar bending machine. Compared to others it has the highest market share and is expected to continue in the next few years. The rebar processing equipment market is semi-automatic and fully automated based on operation. Due to the convenience and efficiency of the fully automatic segment, it is expected to retain the share in the forecast period. The market is segmented on the basis of end users into steel producers, steel manufacturers, and contractors for construction / engineering. In the coming years, the construction sector is expected to remain dominant. Development of smart cities in emerging economies and demand growth for steel products is a major driver in infrastructure and immovables.
The rebar processing equipment market can be divided into North America, Europe, Asia Pacific, the Middle East and Africa as well as South America, based on the region. The market for building materials is encouraged by the growing global infrastructure and building activities. The US is a major contributor to growth in the building industry in North America, China, and India in Asia Pacific. During the forecast period, the market for bar processing equipment in these regions is expected to increase at a significant growth rate. In addition, there has been growth of the construction sector in the UK, Japan, Canada, Germany and Indonesia, leading to growth in the marketplace of rebar processing equipment. It is also anticipated that the Near East and Africa will receive increasing demand for rebar processing equipment because it is widely used for bar cutting and bending. Demand for rebar processing is estimated to increase in the Middle East & Africa as it is widely used for bar cutting and bending because of building sector growth. With growth in the global construction industry in the near future, demand for rebar processing equipment is expected to increase.
Global Rebar Processing Equipment Market, by Product
Global Rebar Processing Equipment Market, by Operations
Global Rebar Processing Equipment Market, by End-user
Global Rebar Processing Equipment Market, by Geography
The market research study on “Rebar Processing Equipment Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Rebar Processing Equipment market segments with market dynamics and their impact. The report also covers basic technology development policies.
In this study, the leading global and regional market competitours, which includes key strategic market evolutions, includes R&D, the launch of new products, M&A, contracts, collaborations, partnerships, joint ventures and regional growth. The study assessed the key market aspects, including revenue, prices, capacity, rate of use of capacity, gross, manufacture, production, consumption, import / export, supply / demand, cost, market share, CAGR and gross margin. The study offers, in addition to relevant segments of the market and subsegments, an extensive analysis of the key market dynamics and their new trends. The Global Rebar Processing Equipment Market Report includes the data of the major players of the sector and their market scope with a number of analytical tools accurately studied and evaluated. To analyze the growth of the key players operating on the market, the analytical instruments such as Porter's five force analyses, the feasibility study and the investment return analysis were used. Finally, the market report from Rebar Processing Equipment is the credible source for market research which accelerates your business exponentially. The report describes the local, economic situations with the item value, benefit, limit, generation, supply, demand and the rate and figure for market developments etc. In addition, this report presents the new SWOT task, speculation achieveability and risk returns.
Key Players & Strategies
The presence of many local and regional companies influences the rebar processing equipment market. Jaypee Group, Schnell Spa Ltd., Gensco Equipment, EV GmbH, KRB Machinery, EuroBend, Henan SINCH Machinery Co., Ltd, Henan Kensetsu Kohki Co., TJK Machinery (Tianjin) Co. and Everest Equipments Private Limited are major providers operating on the global rebar processing gear market. Key vendors operate on the global rebar processors ' equipment market. The presence of large numbers of local and regional players estimated that these players are facing harsh competition. Key players focus mainly on R&D activities and product innovation with a view to reinforcing their market presence.