Rebar Processing Equipment Market

Rebar Processing Equipment Market Size, Share, Growth (2023-2028)

Rebar Processing Equipment Market size is expected to be valued at around USD 560 Million by 2023 to USD 780 Million by 2028. It is anticipated to grow at a CAGR of 6.9 %.

Rebar Processing Equipment Market Drivers

There is a massive scope in the global rebar processing equipment market due to a variety of advantages. Advance applications are the major factors that are boosting the demand in the rebar processing equipment market around the world. The crucial aspects driving the growth of the global rebar processing equipment market are high-speed bending & accuracy, heavy-duty continuous operation, durability, and several functions such as cutting, curling, lifting and de-coiling of the reinforced bar.Moreover, the increase in the demand for rebar processing equipment in the steel industry due to their significant applications like bending and straightening of reinforced bars are fuelling the growth of the market in recent years. Additionally, increasing advancements in rebar processing equipment technology are anticipated to increase productivity by decreasing the time cycle for rebar processing as well as automation in the rebar processing industry is expected to propelling the growth of the market globally.

Key Challenges

However, expensive factors that are involved in the rebar processing equipment are estimated to hinder the global rebar processing equipment business in the outlook period.

Recent Developments

• Jaypee Group was offering to hand over the garbage processing plant to Chandigarh mu-nicipal corporation.

• TVS Auto Assist has announced that it has partnered with Paytm Mall to provide better 24*7 assistance to automobile owners across India.

Rebar Processing Equipment Market is Segmentation:

By Type

• Bar Bending Machine

• Bar Shearing Machine

• Bar De-Coiling & Straightening

• Radius Bending Machine

• Stirrup Bending Machine

In the type segmentation of the global rebar processing equipment market, the bar bending ma-chine segment has accounted for the majority of share in terms of revenue as it is one of the most common machines used in the steel and construction industry.

By Operation

• Semi-automatic

• Fully Automatic

From the operation segmentation, the fully automatic rebar processing equipment is anticipated to have higher demand attributing to its efficiency and convenience aspect for the consumer.

By End-User

• Steel Producers

• Steel Product Manufacturers

• Construction/engineering contractors

As per the End-user segmentation, the construction segment accounted for the majority share in the global rebar processing equipment market and is supposed to continue its dominance during the forecast period. This is owing to the development of smart cities in the countries with a grow-ing economy and the increased demand for steel products in the real estate and infrastructure sec-tor.

Rebar Processing Equipment Market Regional Analysis:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

The U.S., China, and India account for a major share of the growth in the construction industry. The rebar processing equipment market in North America and Asia-Pacific regions is anticipated to show a significant growth rate during the forecast period. The growing construction market in the United Kingdom, Canada, Indonesia, Germany, and Japan has also contributed to the overall growth of the rebar processing equipment market. The Middle East and Africa are expected to witness increased demand for the rebar processing equipment due to its usage in bending and bar cutting.

Rebar Processing Equipment Market Key players:

1. Jaypee Group

2. Henan Sinch Machinery Co

3. Eurobond

4. Schnell Spa, Ltd

5. KRB Machinery

6. Gensco Equipment

7. TJK Machinery (Tianjin) Co

8. EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H

9. PEDAX, Ltd

10. Toyo Kensetsu Kohki Co

11. Everest Equipment Private Limited