Zion Market Research has published a new report titled “Rebar Processing Equipment Market Report by Type (Bar Bending Machine, Bar Shearing Machine, Bar De-Coiling and Straightening, Others (Radius Bending Machine, and Stirrup Bending Machine)), by Operation (Fully Automatic, and Semi-Automatic), and by End-User (Steel Producers, Steel Types Manufacturers, and Construction/Engineering Contractors): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.” According to the report, the rebar processing equipment market accounted for USD 553.8 Million in 2018 and is expected to reach USD 916.5 Million by 2026, growing at a CAGR of around 6.5 % between 2019 and 2026.
The global rebar processing equipment market is expected to observe prominent growth over the years. The rebar processing equipment is primarily used for de-coiling, shearing, bending, and straightening of reinforced bars. These machines are most suitable for construction companies to perform operations or related activities on rebar based on their requirements. The crucial factors driving the market are increasing construction and infrastructure activities in developing economies such as China and India. Moreover, the increase in the demand for the rebar processing equipment in the steel industry due to its major applications such as bending, and straightening of reinforced bars are anticipated to propel the market within the forecast period.
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The global rebar processing equipment market has been categorized on the basis of the type, operation, and end-user. Based on the type, the rebar processing equipment market is divided into bar bending machine, bar shearing machine, bar de-coiling and straightening, and others. The other segment is further divided into radius bending machines and stirrup bending machines. The bar bending machine segment is anticipated to have a maximum market share compared to others within the forecast period. This is due to the typical usage of the machine in the steel industry and construction industry, in turn, has created humongous demand. In terms of operation, the rebar processing equipment market is classified into fully automatic, and semi-automatic. The fully automatic rebar processing equipment segment is likely to have higher demand within the forecast period owing to its efficiency and convenience aspect. Based on the end-user, the rebar processing equipment market is segmented into steel producers, steel products manufacturers, and construction/engineering contractors. The construction segment is estimated to have the largest market share in the coming years. This is due to the development of smart cities in emerging economies, and growth in demand for steel products in infrastructure and real estate sector.
The key players in the global rebar processing equipment market are Everest Equipment Private Limited., Schnell Spa, Ltd., Gensco Equipment, EVG Entwicklungs-und Verwertungs GmbH, KRB Machinery, Eurobend, PEDAX, Ltd, Henan Sinch Machinery Co., Ltd, Toyo Kensetsu Kohki Co., TJK Machinery (Tianjin) Co, and Jaypee Group among others.
This report segments the global rebar processing equipment market as follows:
Global Rebar Processing Equipment Market: Type Segment Analysis
Global Rebar Processing Equipment Market: Operation Analysis
Global Rebar Processing Equipment Market: End-User Analysis
Global Rebar Processing Equipment Market: Regional Segment Analysis
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