The bar shearing machine rebar processing equipment market reached US$ 141.96 Million in 2019
Bar shearing machine is generally used for cutting and bending of sheets, plates, or bars of metal. The bar shearing machine cut mild steel bar by using shearing operation and predominantly used in different steel producing and steel products manufacturing companies globally
China and India are the top market share holder of steel consumption in recent times globally. The growing market of steel industry in Asia-Pacific is responsible to trigger the demand of bar shearing machines owing its wide application range. Furthermore bar shearing machines are predominantly used in mechanical industry and based on the cutting capacity shearing equipment is applied particularly in metal and engineering industry
Bar shearing machine is in demand in steel industry as compared to other types of rebar processing equipment as the machine can cut any length of the object that can be cut can be adjusted, High working efficiency, large power, using motor and reducer to drive greatly reduce noise, small size, light weight, compact structure, solid and reliable
Furthermore good lubricity, gear splash lubrication, box-type closed structure, one time refueling can work continuously for more than one month and is suitable for wide steel bar range makes rebar processing a favorable choice in other industries such as construction industry, paper and plastic industry
Bar shearing machines has gain popularity in the construction industry, particularly due to associated features of the machine and increasing market share of the construction industry in different regions of the globe
India is growing at the fastest rate in the construction sector and is globally competing with mega projects. Moreover, government flagship programs such as 'Smart Cities,' 'Housing for All,' 'Make in India,' and 'Atal Mission for Urban Rejuvenation and Transformation (AMRUT)' will spur development. It is predicted that more foreign investment will be attracted due to these efforts and the government's desire to expand public-private partnerships with foreign companies. Hence, the growing investments by the government have improved the market for bar shearing machine in the country
Apart from this, these machines are also used in paper and plastic industries that produce materials in rolls prefer the shearing machine to be the perfect device to handle all cutting operations
For instance, on 1st February 2019, Hydraulic Guillotine Shearing Machine HSL3013 and Compact 40 IronWorker who is a supplier of ASHOK LEYLAND and manufacturer of cowl, ecomet, truck cabin, fuel tank, load body front end structure (FES) and stallion load body from South India has acquired another set of HACO Synchromaster press brakes in tandem 2 x ERMS 36250, Hydraulic Guillotine Shearing machine HSL 3013 and Compact 40 for their plant in Southern part of India
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: [email protected]
Tel: +1 877 441 4866
Website: www.datamintelligence.com
