Rebar Processing Equipment Market

Global Rebar Processing Equipment Market Size (2024-2029):

The Global Rebar Processing Equipment Market was worth USD 560 million in 2023 and is anticipated to reach a valuation of USD 836 million by 2029 from USD 599 million in 2024. It is predicted to register a CAGR of 6.9% during the forecast period 2024-2029.

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, is 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 propel the growth of the market globally.

MARKET RESTRAINTS

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

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Rebar Processing Equipment Market Analysis 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.

Global Rebar Processing Equipment Market Analysis By Operation

• Semi-automatic
• Fully Automatic

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

Global Rebar Processing Equipment Market Analysis By End-User

• Steel Producers
• Steel Product Manufacturers
• Construction/engineering contractors

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

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 rebar processing equipment due to its bending and bar-cutting usage.

KEY MARKET PLAYERS

Companies playing a prominent role in the global rebar processing equipment market include Jaypee Group, Henan Sinch Machinery Co, Eurobond, 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, Everest Equipment Private Limited, and Others.

RECENT HAPPENINGS IN THE MARKET

• Jaypee Group was offering to hand over the garbage processing plant to Chandigarh municipal corporation.
• TVS Auto Assist has announced that it has partnered with Paytm Mall to provide better 24*7 assistance to automobile owners across India.