A recent report published by Infinium Global Research on rebar processing equipment provides an in-depth analysis of segments and sub-segments in the global as well as regional rebar processing equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional rebar processing equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global rebar processing equipment market. According to the report, the global rebar processing equipment market is projected to grow at a CAGR of 5.8% over the forecast period of 2020-2026.
Rebar processing equipment is largely used for shearing, bending, de-coiling, and straightening of reinforced bars. These machines are widely used by contractors or construction companies to carry out different operations on rebar according to their requirements. Rebar processing equipment ensures a high volume of production in less time and minimum wastage of raw material offers effective operation. The rebar processing equipment market is gaining traction owing to the benefits offered by the equipment such as durability, high-speed bending & accuracy, and heavy-duty operation.
The current concerns over the spread of coronavirus are expected to have a severe impact on the growth of the rebar processing equipment market. As industrial products companies are facing challenging times due to production stoppages, supply chain disruption, cost escalation, and workforce dislocation, the demand for rebar processing equipment is declining from the end-users. This decline in the demand is expected to hurt rebar processing equipment critically. Additionally, the production of rebar processing equipment is hampered owing to the shortage of raw materials and labor. Furthermore, the government lockdown orders have compelled the equipment manufacturers to reduce or even stop their production. Nonetheless, as the pandemic situations ease down, the production and demand for rebar processing equipment are expected to come to their normal positions.
The growing construction industry is a key driver facilitating the growth of the rebar processing equipment market. An increasing number of construction projects is growing the demand for rebar processing equipment from the construction engineering sector. This is expected to create potential demand for this equipment over the forecast period. Furthermore, increasing investments by the major players for the adoption of new technology is also expected to fuel the expansion of the market. Several key players are focusing on product innovation and new product development and are expected to become in use in the near future. However, the high cost of equipment remains a major hindrance factor for the rebar processing equipment market. Nevertheless, technological development and rising automation in rebar processing increase production capacity and are expected to create multiple growth opportunities for the rebar processing equipment market.
Among the regions, Asia Pacific holds a major share in the global rebar processing equipment market. Growing technological advancement, rapid infrastructural development, and availability of major key players are the major factors that drive the growth of the Asia Pacific rebar processing equipment market. China and India are the key revenue generators in the Asia Pacific region. Furthermore, North America is anticipated to hold the second-largest share owing to rapid industrialization in the region. The rebar processing equipment market in this region is anticipated to expand at a significant growth rate during the forecast period.
The report on the global rebar processing equipment market covers segments such as type, operation, and end-user. On the basis of type, the sub-markets include bending machine, bar shearing machine, bar de-coiling and straightening, and others. On the basis of operation, the sub-markets include fully automatic and semi-automatic. On the basis of end-user, the sub-markets include steel producers, steel product manufacturers, and construction/engineering contractors.
The report provides profiles of the companies in the market such as Schnell SpA, Ltd., Gensco Equipment Inc., KRB Machinery Company, Henan Sinch Machinery Co., Ltd., TJK Machinery (Tianjin) Co., Ltd., Toyo Kensetsu Kohki Co., EVG Entwicklungs- und Verwertungs GmbH., Eurobend GmbH, PEDAX, Ltd, and Jaypee Group.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the rebar processing equipment market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.