Rebar Processing Equipment Market – Snapshot
Rebar processing equipment performs several functions such as cutting, bending, straightening, and de-coiling on the reinforced bar known as rebar. Rebar has numerous applications in the construction industry based on its different shapes, size, and quantities. This machine is suitable for contractors or construction companies to carry out different operations on rebar according to their requirements. The growth of the construction industry worldwide is expected to boost the demand for rebar processing equipment. China, India, and the U.S. are expected to be major contributors to this growth due to an increase in infrastructure activities by private and government organizations. Rebar is one of the major components in construction activity, expected to encourage the demand for rebar processing equipment. Additionally, technological advancements increase productivity by reducing the time cycle for rebar processing. Automation in the rebar processing industry is anticipated to drive the market in the coming years. A major factor expected to hamper the growth of the rebar processing equipment market is the cost of the equipment. Small and medium enterprises are not able to afford huge investments. Additionally, unfavorable economic conditions create volatility in the real estate sector. This scenario is anticipated to obstruct market growth of rebar processing equipment across the world.
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The rebar processing equipment market has been segmented based on type, operation, end-user, and region. Based on type, rebar processing equipment can be categorized into bar bending machine, bar shearing machine, bar de-coiling and straightening, and others. Others segment includes radius bending machine, stirrup bending machine, etc. Bar bending machine is the most common machine used in the construction industry and steel industry. It has the highest market share compared to others and is expected to maintain the same in the coming years. Based on operation, the rebar processing equipment market is bifurcated into semi-automatic and fully automatic. Fully automatic segment dominates the market due to its convenience and efficiency and is anticipated to retain the share during the forecast period. Based on end-user, 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 a major driver.
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Based on region, the rebar processing equipment market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Growing infrastructure and construction activities worldwide is encouraging the construction material market. The U.S. in North America and China and India in Asia Pacific account for major share of the growth in the construction industry. The rebar processing equipment market in these regions is anticipated to expand at a significant growth rate during the forecast period. United Kingdom, Japan, Canada, Germany, and Indonesia are also showing growth in the construction market, thereby leading to growth of the rebar processing equipment market. Middle East & Africa is also anticipated to see increased demand for rebar processing equipment as it is widely used for bar cutting and bending.
The rebar processing equipment market is influenced by the presence of many local and regional companies. Key vendors operating in the global rebar processing equipment market include Jaypee Group, Schnell Spa, Ltd., Gensco Equipment, EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H., KRB Machinery, Eurobend, PEDAX, Ltd, Henan Sinch Machinery Co., Ltd, Toyo Kensetsu Kohki Co., TJK Machinery (Tianjin) Co, and Everest Equipment Private Limited. These players are estimated to face stiff competition due to the presence of a large number of local and regional players. Key players are mainly focusing on research & development activities and product innovation in order to strengthen their presence in the market.