Bar Bending Machine Rebar Processing Equipment Market

 

The bar bending machine rebar processing equipment market reached US$ 305.08 Million in 2019

Bar Bending Machine, also known as bar bender machine, has gained immense popularity in building and construction in the past few years

In, the construction industry, bar bending machine is used to bend the steel round bar and steel rebar to design the required structure for building the base of any construction structure

Asia-Pacific is the largest growing region in the building and construction industry due to high investment from the government in funding different construction projects and expansion and growth of various key players in the region. China holds the largest market share for the construction industry of the region, accounting for 20% of all construction investment worldwide

The significantly growing Asia-Pacific construction market is triggering the demand for bar bending machines in the region in recent times and expected to gain higher moment in the forecast period

Furthermore presence of the largest construction companies in China, including China State Construction Engineering Corporation (CSCEC), China Railway Construction Corporation Limited (CRCC), China Communications Construction Company Limited (CCCC) and Shanghai Construction Group (SCG), is creating immense demand for bar bending machine for constructing mega projects

Bar bending machines are also growing in automobile companies in different parts of the globe to build different chassis of vehicles. Furthermore, the steel bending equipment can bend bars within a specific range of diameters into various arcs between 0°and 180°, thus offering the ideal structure for all segments of car

The automotive industry in China has been the largest globally measured by automobile unit production since 2008. In 2019, China's automotive industry sales hit 25 million units, with about 21 million of those being passenger vehicles. Thus being the most extensive automobile players, China has generated a huge market share for bar bending machine in the current decade

Bar bending machines are preferred in other domains, such as steel product manufacturing and steel industry, to manufacture different types of steel products easily. The growth of the product is higher as compared to other types of rebar processing equipment available in the market as these bending machines can set into different angles to bend bars according to different needs, better performance and competitive price and are cheap bar bending machine is very easy to maintain

For instance, on 24 August 2017, TJK won a Shenzhen company's bidding for a project called PC parts factory rebar processing line. The project involves a smart rebar open mesh welding robot, a smart steel truss welding robot, a smart reinforcement bending robot and a smart steel automatic shearing robot, among other things 

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