Acumen Research and Consulting, recently published report “Rebar Processing Equipment Market - Global Industry Analysis, Size, Share and Forecast, 2019 - 2026”.
LOS ANGELES, May 09, 2019 (GLOBE NEWSWIRE) -- The global Rebar Processing Equipment Market is estimated to grow at CAGR above 6.6 % over the forecast time frame 2019-2026 and reach the market value around USD 950 million by 2026.
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Due to an increasing number of infrastructure and construction activities in emerging economies like India and China, the market in Asia Pacific is likely to expand quickly during the forecast period. The worldwide increase in the construction industry is expected to increase the demand for rebar processing equipment. As infrastructure activities of private and government organizations increase, China, India and the USA are forecast to be significant contributors to this growth. Rebar is an essential building component for which demand for rebar processing equipment is expected to foster. In addition, technological progress increases productivity by reducing the rebar processing time cycle. Automation is expected to drive the market in the rebar processing industry over the next few years.
Market Snapshots
Rebar processing machines are mainly used to bend, shair, decorate and reinforce rebar (also known as rebar). Rebar processing machines. This machine is suitable for contractor or construction company to perform various operations on rebar as required. The worldwide market for rebar processing machines is growing. Growing construction and infrastructure activities are key factors driving the market. China, India and the US are major countries with high demand for rebar processing facilities because both the private sector and the governments of these regions expand their infrastructure activities. Furthermore, the use of advanced technologies increases equipment productivity. But the accession and instability of local and regional players in the construction sector hamper the business growth of established actors.
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Market Segmentation
As far as the type is concerned, rebar processing equipment can be classified as a bending bar machine, a cutting bar machine and a straining bar. Bar bending machines, including the steel and steel producers, have dominated the market as a result of their use throughout the construction industry and steel industry.
The market for rebar processing devices is semi-automatic and fully automated in operational terms. Due to convenience and efficiency, the fully automatic segment is important.
The end users segment the market into steel producers, manufacturers of steel products and contractors of construction and engineering. In the coming years, the construction sector will remain dominant. The segment is mainly driven by the development of intelligent cities in emerging economies and by the growth in demand for steel products in infrastructure and the real estate sector.
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As far as the region is concerned, Asia Pacific and North America were the leading player in rebar processing equipment in 2018. Half the world market share is in the USA, China and India. It is estimated that in the forecast period, the market for rebar processing equipment in emerging economies will increase considerably. The demand for rebar treatment is estimated to increase in the Middle East & Africa, as it is broadly used for bending and bar cutting due to building industry growth. With the growth in the global construction industry, demand for rebar processing equipment is expected to increase in the near future.
Key Players & Strategies
The presence of many local and regional companies influences the rebar processing equipment market. Jaypee Group, Schnelly Spa, Ltd., EV GmbH, KRB Machinery, Henan Kensetsu Kohki Co., EuroBend, Henan SINCH Machinery Co., Ltd, TJK Machinery (Tianjin) Co. and Everest Equipment Private Limited are major providers operating on the global rebar processing gear market. The presence of large numbers of local and regional players estimated that these players are facing harsh competition. Key players focus mainly on R&D activities and product innovation with a view to reinforcing their market presence.
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