Press release
Cut and Bend Equipment Market Share, Outlook, and Research Report 2023-2028
The global cut and bend equipment market size reached US$ 1.26 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.67 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.
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Cut and bend equipment plays a pivotal role in the construction and manufacturing sectors, streamlining the processing of reinforcing steel bars (rebar) to meet specific design requirements. This machinery is designed to enhance efficiency, accuracy, and safety in the preparation of rebar, which is a fundamental component in concrete reinforcement for buildings, bridges, and other infrastructure projects. The equipment varies in complexity and size, from manual tools to fully automated systems, catering to different scales of operation and project needs. The primary function of cut and bend equipment is to precisely cut rebar to specified lengths and bend it into shapes according to the structural design specifications. This precision is crucial for ensuring the structural integrity and strength of the constructed entity.
Market Trends:
The rise in construction activities, including residential, commercial, and infrastructure projects is driving the global market. Moreover, the push for sustainable construction practices is another factor contributing to the market's growth. Cut and bend equipment enables more precise and efficient use of materials, reducing and promoting sustainability in construction projects.
As environmental regulations become stricter and the construction industry seeks more eco-friendly practices, the demand for equipment that contributes to these goals is on the rise. Furthermore, urbanization and infrastructure development in emerging economies are fueling the demand for cut and bend equipment. Rapid urbanization in various countries are leading to increased investment in infrastructure, including roads, bridges, and urban transit systems, as well as residential and commercial buildings.
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Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
• Consolidated Machines
• Emg S.r.l.
• Eurobend S.A.
• Jayem Manufacturing Co.
• KRB Machinery
• M.E.P. Macchine Elettroniche Piegatrici S.p.A
• Progress Maschinen & Automation AG
• Retecon (Pty) Ltd.
• Schnell Spa
• SweBend AB
• TJK Machinery (Tianjin) Company Limited
• Toyo Kensetsu Kohki Co. Ltd.
• Unicorn Equipment
Key Market Segmentation:
Our report has categorized the market based on region, type, operation mode and end user.
Breakup by Type:
• Mesh Cutting and Bending
• Cutting and Shaping
• Straightening
• Others
Breakup by Operation Mode:
• Semi-Automatic
• Automatic
Breakup by End User:
• Construction and Engineering Contractors
• Manufacturing
• Steel
• Wire and Mattress
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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