Rebar Processing Equipment Market

Rebar Processing Equipment Market

Increasing demand of rebar from the construction sector 

2021-04-23

Increasing demand of rebar from the construction sector 

Rebar processing equipment is primarily used in construction works to process rebar with different machines including straightening machines, shearing machines, bending machines, etc. The global construction sector is forecasted to grow by 85% to US$15.5 trillion globally by 2030, with leading countries China, U.S. and India. Rebar being the most common material for the construction industry, will result in the significant growth of the rebar processing equipment industry. The demand for rebar has been continuously growing in the developing countries with the expansion of the construction sector, such as China's domestic rebar output reached 249.7 million tons in 2019. The output grew by 5.1% in 2020, reaching 266.4 million tons amid pandemic due to the resume of the existing construction projects, boosting the demand for rebar processing machines. The demand for the rebar processing equipment market has seen substantial growth with expansion in the rebar industry. For instance, In 2020, Asia's First-ever continuous Galvanized Rebar Manufacturing Facility has launched with the partnership of Madhav KRG Group & International Zinc Association and the initiative was supported by Hindustan Zinc Limited

Increasing number of accident during construction

The increasing number of accidents and fatalities resulting from manual working in rebar and other construction processing operations cater to the rebar processing equipment market demand. According to the U.S. Occupational Safety and Health Administration, one in five deaths among U.S. workers is in the construction industry, i.e. around 20% of all workers on the job die in construction industry. Due to prevalent cases worldwide, governmental agencies have also been strict for labours safety, resulting in a higher demand for processing equipment inbuilt with high safety features. For instance, In 2020, a London rebar and wire mesh manufacturer was fined a total of US$97,000 in connection with two separate workplace incidents that left two workers injured. For the reason, the new product lines offer various safety features for protection of the operators such as; in 2020, mbk Maschinenbau GmbH launched a new DRA-16-M, wire straightening and cutting machine, complying with all technical and safety specifications according to CE conformity. In 2021, Swedish machine manufacturer Comeco revised its drive concept of rebar bending machines with next-generation electric drives as it provides more safer and efficient operations PLC controlled functions. In 2019, Advanced Construction Robotics (ACR) launched its new IronBot in the U.S., a rebar placement robot on the world stage at Bauma for eliminating the risk of workers in handling and transporting rebar.

Growing Software Applications

The introduction of modern rebar processing equipment installed with software offers more efficient operations with higher production, improves safety and eliminates human error. The increasing trend towards automation has catered to new opportunities in the market with significant developments for software applications and rebar processing to maintain industry standards. Leading companies like Schnell Group, Applied Systems Associates, Inc., GMT ApS, Rebar Technology and various other leading players have already shifted to software services for rebar processing. In 2019, Index launched the new version of its INDEXcal anchor design software with a new module for post-installed rebar connection design complying with the Eurocode-2 standards.

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Tel: +1 877 441 4866

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