Rebar Processing Equipment Market

SKU: DMMM2181 | Last Updated On: Nov 03 2022 | Available Formats

> Global Rebar Processing Equipment Market Expected to reach a high CAGR of 6% By 2029: DataM Intelligence

Global Rebar Processing Equipment Market is segmented By Type (Bar Bending Machine, Bar Shearing Machine, Bar de-coiling and Straightening, Others), By End-user (Steel producers, Steel product manufacturers, Construction/engineering contractors), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Market overview

The global "Rebar Processing Equipment market" is expected to grow at a CAGR of over 6% during the forecast period (2022-2029).

Rebar Processing Equipment market Scope

 

Metrics

Details

Market CAGR

6%

Segments Covered

By  Type, By End-user and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Get A Free Sample Click Here

Reinforcement steel, also known as rebar, is a steel bar or mesh of steel wires used as a tension device in reinforced concrete and reinforced masonry structures to strengthen and aid the concrete under tension. Rebar processing equipment is used to perform a variety of functions on rebars, including cutting, bending, straightening, and de-coiling.

Market dynamics

Drivers:

Increasing investments in the construction and infrastructure industry is expected to boost the market.

Rebar processing equipment is used in various aspects of the construction and infrastructure industry. Growth in industrial technology raises the demand for and need for new equipment. A large portion of this new advanced equipment consists of rebar processing machines. The processing method chosen is determined by the property requirements, cost considerations, and future application prospects. For example, Electric rebar cutters are pieces of cutting equipment that can cut high tensile strength bars and bolts with diameters up to 16mm. Heavy-duty rebar cutters can cut bars up to 42mm in diameter. The Rebar Cutting Shear is designed specifically for processing large amounts of rebar on a regular basis. It is also used to process light scrap materials such as pipe, angle iron, channel iron, and so on. The recent growth in demand for residential and industrial constructions on a global scale is expected to drive the market for rebar processing equipment. According to data, the construction industry grew to a spending value of nearly 11 trillion US dollars prior to the pandemic, and it is expected to grow even more during the forecast period. Steel is a vital material used in building construction and infrastructure development. The global consumption of steel in 2021 is estimated to reach a total of over 1.7 billion tons, according to data. These factors are expected to drive the growth of the rebar processing equipment market during the forecast period.

Technological advancements in the rebar processing equipment market will act as a driver.

In order to increase productivity, efficiency and reduced dependence on manual labor, many rebar processing equipment manufacturing companies have developed innovative ways to develop the rebar equipment manufactured by them. TOYO's TBS series of machines, for example, are capable of beautifully bending hoops and stirrups with precise angles. This ability is a strong differentiator that makes site management much easier and smoother. The company's automatic cutting and bending machine TBC-16RBS is also playing an important role in rebar fabrication plants and in the automation trend. In June 2021, Tata Steel became the first Indian steel company to receive the GreenPro Rebar Certification. The GreenPro Ecolabel enables end-users to make an informed decision about purchasing steel with the least environmental impact. Green buildings are critical for future growth and development, and GreenPro certified rebars will have a significant impact in lowering the environmental footprint. These automation and advancements are expected to drive the rebar processing equipment market during the forecast period.

Restraints:

High manufacturing costs and preferences for manual labor are the factors restraining the global Rebar Processing equipment market.

COVID-19 Impact Analysis

COVID-19 pandemic has affected industries all over the world, including the global rebar processing equipment market. On the whole, the demand for rebar processing equipment has been affected due to evident supply chain disruptions and travel restrictions imposed in various countries around the world. Imports of countries were affected due to the pandemic and observed a decline in 2020. According to data, in 2020, global crude steel production was over 1.86 billion metric tons, a stable volume compared to 2019. While the Covid-19 pandemic did not cause a noticeable drop in output, a drop in steel prices had a negative impact on revenues from global steel market leaders. According to Statista, China experienced a drop of over 10% in steel production in 2020, but this slump is temporary and the overall steel demand is expected to grow during the forecast period as the world economy improves from its current conditions.

Segment Analysis

The Global Rebar Processing Equipment market is segmented by Type, by End-Use and by Region.

Based on Type

The Global Rebar Processing Equipment market based on type is segmented into Bar bending machine, Bar Shearing Machine, Bar de-coiling and Straightening, and Others.

Based on End-Use

The Global Rebar Processing Equipment market based on End-Use is segmented into Steel Producers, Steel product manufacturers and Construction contractors.

The construction segment accounted for the majority share of the market in 2019. Steel producers are expected to dominate the rebar processing market during the forecast period. Steel is a commodity that is widely used in industrial production. With the development of smart cities all around the world, increased demand for steel products in the real estate and infrastructure sectors is a major market driver. For example, structural steel was the most ordered special steel product by Japanese steel producers in 2020, with approximately 6.3 million metric tons of orders. It was followed by high-tensile-strength steel, which accounted for approximately 3.2 million metric tons. The total production of steel products in North America in 2019 was approximately 121 million metric tons. This volume remained stable in comparison to 2018 when the region produced around 120.8 million metric tons. For example, global stainless-steel production has more than doubled in the last decade, rising from 23 million metric tons in 2007 to more than 51 million metric tons in 2019. The estimated global crude steel demand in 2020 was more than 1.6 billion tons, and this figure is expected to rise during the forecast period. According to data, the demand for steel in the African continents increased by over 9% from 2020 to 2021. The demands for these factors are expected to increase during the forecast period.

Based on Region

The Global Rebar Processing Equipment market based on Region is segmented into North America, Europe, Asia-Pacific, South America, Middle East & Africa.

Due to economic growth and increased activity in infrastructure and industrial development in developing countries such as China and India, the Asia-Pacific region has the largest market share for Rebar equipment. One of the reasons for market growth is the region's increasing urbanization. For example, according to data, the population of India in 2019 was estimated to be around 1366 million which increased to 1378 million in 2020 and is expected to grow during the forecast period. When India adopted a mixed economy, it gave rise to the development of the private sector and thus accelerated urbanization. Similarly, in China, the urbanized population was approximately 60% of the total population. These factors have led to increase in demands for infrastructural and industrial developments and hence contributed to the APAC region holding the majority of the rebar processing equipment market share.

Following the APAC region, the North American region holds the majority of the market share in the rebar equipment market. This can also be attributed to a growing population and thus increasing demands for residential and industrial constructional developments. For example, in 2020, private construction for public safety in the United States was estimated to be worth approximately 110 million US dollars. According to data, the spending on transportation constructions in USA in 2019, amounted to over 54.7 million dollars, a 6.4% increase since 2018. The rising demands in these industries is expected to boost the rebar processing equipment market in the forecast period.

Competitive Landscape

The Global Rebar Processing Equipment Market is a fragmented market with numerous global and regional players. Jaypee Group, Schnelly Spa, Ltd., EV GmbH, KRB Machinery, Henan Kensetsu Kohki Co., EuroBend, Henan SINCH Machinery Co., Ltd, TJK Machinery (Tianjin) Co., Everest Equipment Private Limited, and others are among the major players.

Key strategies adopted by these players include product innovations and diversifications, mergers, and acquisitions.

Company Profile: KRB Machinery

Overview: KRB Machinery is among the industry leaders in rebar equipment. It is based in Wrightsville, Philadelphia.

Product Portfolio: The company specializes in manufacturing rebar equipment such as stirrup benders, auto bar benders, cutting systems, shears and many more products.

Recent Developments:

  1. In November 2020, it was announced that the Fort Miller Group selected KRB Equipment to perform the incredibly intricate bending required for the PIER 55 project in New York City.
  2. Throughout 2020, KRB hosted a series of webinars that demonstrated the operation of the company's various products. The most recent one, in December 2020, featured a demonstration of the #11M Bender with Laser Scanner and BCD control.

Why Purchase the Report?

  • Identify new growth opportunities with In-depth insights for strategic business plans and design innovative strategies for sustainable growth.
  • Comprehensive details on factors that will drive or challenge the growth of market players.
  • Product mapping in excel for the key products of all major market players
  • Deep Sector-Specific Intelligence
  • Attractiveness and consumer behavior analysis for every region
  • Highlights of the competitive landscape

**The global Rebar Processing Equipment market report would provide access to an approx., 56 market data table, 61 figures, and 200 pages.

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

Frequently Asked Questions

What is the Projected CAGR value of the Rebar Processing Equipment market?

Rebar Processing Equipment market is expected to grow at a CAGR of 6% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Rebar Processing Equipment market during 2022-2029.

Which is the fastest growing region in the Rebar Processing Equipment market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Trending Topics

Rear Axle Commodity Market

Cerebral Somatic Oximeters Market

Hyperbaric Oxygen Therapy Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest