Rebar Processing Equipment are used to perform several functions like bending, cutting, straightening, and de-coiling. They are used on a reinforced bar called rebar. Rebar is used in the construction industry depending on its size, shape and quantity. The Equipment is suitable for construction firms and contractors to perform different operations on rebar as per the requirements.
Global Rebar Processing Equipment Market is expected to grow with a CAGR of 6.9 % owing to its increased demand majorly in the Asia Pacific, and North America.
The Rebar Processing Equipment Market is a fast-growing market which is majorly driven by the demand from end-use industries like Construction Companies and Contractors. The Rebar Processing Equipment Market is anticipated to grow at a 6.9 % CAGR to reach a total of USD 780 Million by the end of 2023.
Market Value and Growth:
The Global Rebar Processing Equipment Market size was around USD 560 Million by revenue, at the end of 2018. It is anticipated to grow at a CAGR of 6.9 % to reach close to USD 780 Million by the end of 2023.
Drivers and Restraints:
Developing Technology and Automation in the field of rebar processing industry is one of the major factors driving the market in the coming years. Technical Developments and advancements help reduce time and increase the productivity of rebar processing. The major restraint for the market growth of the rebar processing equipment is the high production costs. Small to Medium Firms are not able to invest in this equipment due to the high cost. The volatility in the real estate sector due to the unfavorable economic conditions can obstruct the rebar processing equipment market growth. Many local and regional companies also influence the market.
Rebar Processing Equipment Market Segmentation Analysis:
Based on type, rebar processing equipment is segmented into bar bending machine, bar shearing machine, bar de-coiling and straightening, and others. The other segment includes machines such as radius bending machine, and stirrup bending machine. The bar bending machine is one of the most common machines used in the steel and construction industry, with the highest market share compared to others and is anticipated to maintain the same in the future.
Based on the operation method, the rebar processing equipment market is divided into semi-automatic and fully automatic. Fully automatic segment is dominating the market owing to its convenience and efficiency. The segment is expected to maintain the share during the forecast period.
Based on the end-user, the market is further divided into steel producers, steel product manufacturers, and construction/engineering contractors. The construction segment is expected to maintain its dominance in the coming years. With the development of smart cities in the countries with a growing economy, the increased demand for steel products in the real estate and infrastructure sector is a major driver of the market.
Rebar Processing Equipment Market Geographical Analysis:
Based on the region, the rebar processing equipment market is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. Growth in construction activities and infrastructure around the world is helping the rebar processing equipment market. 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 Market Players:
Key players that are operating in the global rebar processing equipment market are Jaypee Group, Henan Sinch Machinery Co., Eurobend, Schnell Spa, Ltd., KRB Machinery, Gensco Equipment, TJK Machinery (Tianjin) Co, EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H., PEDAX, Ltd, Toyo Kensetsu Kohki Co., and Everest Equipment Private Limited. These players are anticipated to face tough competition due to a large number of local and regional players are present in the market. The main focus of the key players in research & development activities and innovation in the product to strengthen their presence in the market.
Rebar Processing Equipment Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Bar Bending Machine
5.1.3 Bar Shearing Machine
5.1.4 Bar De-Coiling
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
5.2.2 Fully Automatic
5.2.4 Y-o-Y Growth Analysis, By Type
5.3.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3.2 Steel Porducers
5.3.3 Steel Products Manufacturers
5.3.4 Construction/Engineering Contractors
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Operation
126.96.36.199 By End-User
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Operation
18.104.22.168 By End-User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Operation
184.108.40.206 By End-User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Jaypee Group
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Henan Sinch Machinery Co.
8.4 Schnell Spa, Ltd.
8.5 KRB Machinery
8.6 Gensco Equipment
8.7 TJK Machinery (Tianjin) Co
8.8 EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H.
8.9 PEDAX, Ltd
8.10 Toyo Kensetsu Kohki Co.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures