South America Rebar Processing Equipment Market

South America rebar processing equipment market reached US$ 22.66 Million in 2019 and is expected to reach US$ XXMillion by 2027, growing with a CAGR of 6.6% from 2020 to 2027

South America has shown modest market construction industry growth in the past few years. However, the industry is expected to show robust expansion in the forecast period

Despite the region's financial and political uncertainties, the construction industry is projected to grow by 2.6 percent annually between 2020 and 2023. Therefore the growing number of construction projects in the region is more likely to accelerate the market of rebar processing equipment for performing differing applications

In 2018, Brazil holds the position of the biggest producer of crude steel in South America. During the same year, the Brazilian crude steel production amounted to approximately 35.4 million metric tons

On the other hand, Mexico holds the second position, with around 20.2 million metric tons with crude steel production. The increasing production of steel leads to bringing various types of steel-based products in the market, which require rebar processing equipment in different processes, thereby uplifting its market share in the South America region

Brazil

Brazil rebar processing equipment market reached US$ 14.61 Million in 2019 and is expected to reach US$ XX Million by 2027, growing with a CAGR of 7.3% from 2020 to 2027

The 2017 the Brazilian government launched an infrastructure concessions program intending to develop the country's port, power transmission lines, railway, road and sanitation infrastructure. The government invested BRL 45.0 billion (US$ 14.1 billion) through the project's public-private partnership (PPP) model. Thus, the government's growing support creates immense opportunities for the rebar processing equipment to build a better business in the construction industry of Brazil forecast period

For instance, in May 2019, Eurasian Resources Group, Benedikt Sobotka and the Governor of the State of Bahia, Rui Costa, has signed an agreement for the construction of Porto Sul. Its a new port complex in the State of Bahia, Brazil, which includes the development of a railway line serving the iron mine in southern Bahia

Argentina 

Argentina Rebar Processing Equipment Market reached US$ 2.23 Million in 2019 and is expected to reach US$ XX Million by 2027, growing with a CAGR of 5.6% from 2020 to 2027

In 2019, the size of Argentina's construction industry is expected to be about US$ 20.2 billion, down from US$ 21.2 billion a year earlier. Despite this drop, the industry's value is projected to rise in the coming years, reaching US$ 22.5 billion by 2021. Increasing investment of government on mega projects and arrival of various international construction projects in the country is expected to improve the construction industry, which will further trigger the market of rebar processing equipment in the forecast period

Argentina's new government has several ongoing infrastructure projects that the previous government has halted. Some of the mega projects include Salado River Management Plan Section IV (US$ 375 million), Belgrano Freight Railway Rehabilitation (US$ 3 billion), PPP Highways (US$ 8 billion), Riachuelo Sub-Fluvial System (US$ 1.2 billion) and others. The arrival of such megaprojects is expected to improve the demand for rebar processing equipment in the coming year

Rest of South America

Rest of South America rebar processing equipment market reached US$ 5.81 Million in 2019 and is expected to reach US$ 8.19 Million by 2027, growing with a CAGR of 5.2% from 2020 to 2027

Chile’s GDP grew by a meager 1.1 percent in 2019; the construction industry was the highest growing sector, reaching 4.9 percent, an increase from 3 percent growth during 2018. Furthermore, the import of construction machinery and equipment reached US$ 378.1 million in 2019 in Chile

Furthermore, the increasing awareness of the benefits of digital construction in the rest part of South America, including Big Data management, Building Information Modeling, software services, inventory management, BIM, Blockchain, augmented reality, cloud computing, digital processes integration and recycling processes (and avoiding waste) is expected to build the construction sector in the forecast period which is directly uplifting the rebar processing equipment market

Apart from few countries of South America rest part of the region is showing moderate growth in rebar production leading to show moderate demand of rebar processing equipment in the region

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