Press release
Rebar Processing Equipment Market Size, Growth, Share, Analysis and Forecast Report 2023-2030
In order to provide better value-added products including epoxy-coated, galvanized, and earthquake-resistant rebar as well as corrosion-resistant steel rebars, the utilization of rebar processing equipment has been increasing. Rebar processing equipment is essential to shape steel bars for construction, and earthquake-resistant rebar is primarily utilized in seismically active areas.
Future demands for automatic rebar processing equipment will be high due to increased machine production rates and cost effectiveness. This will necessitate modernizing processing machine operations and moving toward automation with the introduction of cloud and computer numerical control applications.
Rebar Processing Equipment Market Size and Growth Analysis
The global Rebar Processing Equipment Market is expected to exhibit a CAGR of 6.8% during the forecast period 2023-2030.
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Rebar Processing Equipment Market Dynamics
Construction is the main use for rebar processing equipment, which includes various machinery like as shearing, bending, and straightening machines. By 2030, the worldwide construction industry is expected to expand by 85% to reach US$15.5 trillion, with China, the United States, and India expected to lead the way.
Since rebar is the most widely used material in the construction sector, the market for rebar processing equipment is expected to expand significantly. With the growth of the construction industry, emerging nations have seen a constant increase in demand for rebar; in 2019, China's domestic rebar output reached 249.7 million tons. Due to the resumption of ongoing construction projects, the output increased by 5.1% in 2020, reaching 266.4 million tons amid the pandemic.
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Rebar Processing Equipment Market Segment Analysis
By Type
By End-User
By Region
Major Companies Covered
Jaiprakash Associates Limited, Schnell Spa, Pedax GmbH, KRB Machinery, Toyo Kensetsu Kohki Co, Ltd, TJK Machinery (Tianjin) Co, Ltd, EVG Entwicklungs- und Verwertungs, Gesellschaft m.b.H, REBAR MACHINE SERVICE (RMS), CRS Specialties Inc.
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