The global Rebar Processing Equipment Market size is expected to reach around USD 953 million by 2026 and estimated to grow at CAGR above 6.7 % over the forecast time frame 2019-2026.
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.
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.
In terms of type, rebar processing equipment can be categorized into bar bending machine, bar shearing machine, bar de-coiling and straitening, and others. Bar bending machine has dominated the market because of its usage across the construction industry and steel industry, including steel product manufacturers and steel producers.
In terms of operation, the rebar processing equipment market is bifurcated into semi-automatic and fully automatic. The fully automatic segment has major share due to convenience and efficiency.
In terms of end-users, the market is segmented into steel producers, steel product manufacturers, and construction/engineering contractors. Construction segment is expected to remain dominant in the coming years. Development of smart cities in emerging economies, and growth in demand for steel products in infrastructure and real estate sector are major drivers of the segment.
In terms of region, Asia Pacific and North America commanded major share of rebar processing equipment in 2017. The U.S., China, and India hold half of the global market share. The rebar processing equipment market in emerging economies is estimated to expand at a significant growth rate during the forecast period. Demand for rebar processing in Middle East & Africa is estimated to increase as it is widely used for bar cutting and bending due to growth in the construction sector. Demand for rebar processing equipment is expected to rise in the near future with the growth in construction industry worldwide.
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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