Published on : Jan 29, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Electric Rebar Bender Market Insights, Forecast to 2025”. The report on the Electric Rebar Bender market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.
Used in a number of industries, the electric rebar bender is set to see an increase in demand over the forecast period of 2019 to 2025. The steadily rising CAGR (Compound Annual Growth Rate) is not just generating a plethora of opportunities of growth but also helping the market worth tough a higher mark by the end of the forecast period.
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One of the factors propelling growth in the global electric rebar bender market is construction which is set to increase in volume by 85% by 2030, making the construction market touch a hefty USD 15.5 trillion mark. A very interesting fact to note here is that the largest volumes of construction would happen in India, China and the United States. In fact, the three countries together will account for a 57% growth in the market.
It is not surprising that construction is set to grow at this dizzying pace because if anything, the growth in population is directing us to just that. For instance, by 2050, there would be an additional 2 billion people occupying the face of the world. That means that the population will rise from the current 7.7 billion to a 9.7 billion by the end of the forecast period.
And, these people will need residential spaces, recreational spaces and commercial spaces. Besides, roads and towns will have to be built as infrastructure will hog limelight. With cities already at capacity, new towns will have to be built up and that will require good connectivity and civic amenities.
Demand from steel manufacturers and engineering contractors from also be noted on a heavy scale. Together, all this will lead to a rising demand for the electric rebar bender market.
The global electric rebar bender market is fragmented and major players in the market landscape, which are also included in the report, are:
One of the major strategies that the players follow in order to control a major chunk of the global electric rebar bender market’s growth is developing the product by investing in technology and innovation. Often notable mergers and acquisitions, strategic partnerships and collaborations are observed.
Regions that will witness high growth opportunities springing over the forecast period are Asia Pacific (APAC) and North America. This growth in APAC will be attributable to construction volumes and infrastructure development supported by the government on a massive scale. Besides, as the economies in APAC do well, the market would only see an upward growth trajectory. This growth is also supported by presence of some of the known players in the region such as Jaypee. North America would be driven by construction volumes and engineering contracts.