Published on : Feb 03, 2020
The global rebar processing equipment market is expected to witness major growth in the near future, thanks to rising demand in the construction sector. Economic outlook in major markets in North America has brightened after a recent slow-down. The low-interest rates, and growth of the advancements in technologies will drive growth of the rebar processing equipment market in the near future. Technologies like 3D printing are also expected to aid growth with influx of newer, stronger, and better alternatives, as well improved manufacturing processes overall.
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Mobile Homes Remain Key to Driving Growth in the US
Construction sector is expected to witness major upturn as demand for homes continues to rise. However, demand for mobile homes is expected to rise even faster. The low-cost of these constructions, various new projects, rising investments, and increasing tilt towards renting homes are expected to drive major growth for mobile homes in the near future. Additionally, construction of new datacentres, and warehouses will also drive significant growth for the rebar processing equipment market in the near future. Rising investment in these facilities, and growth of e-commerce, automation in logistics will promise key opportunities for growth for players in the rebar processing equipment market.
Automotive Sector Promises New Opportunities with Electric Development
All major manufacturers globally have announced plans to launch new electric vehicles in the market in the next few years. These developments are expected as stringent regulations continue to drive growth of new emission standards globally. Moreover, electric vehicles will provide new opportunities which utilize advance manufacturing processes. Automation in the industry will likely result in new growth drivers, as the process becomes smoother, more cost-effective, and uses high automation to standardize benchmarks. The strong and durable builds for electric vehicles will create new opportunities for players and technologies like 3D printing can play a key role in this development.
In terms of region, Asia Pacific and North America commanded major share of rebar processing equipment in 2017. The U.S., China, and India hold half of the global market share. The rebar processing equipment market in emerging economies is estimated to expand at a significant growth rate during the forecast period. Demand for rebar processing in Middle East & Africa is estimated to increase as it is widely used for bar cutting and bending due to growth in the construction sector. Demand for rebar processing equipment is expected to rise in the near future with the growth in construction industry worldwide.
Key vendors operating in the global rebar processing equipment market include Schnell Spa, Ltd., Jaypee Group, EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H., Gensco Equipment, Eurobend, PEDAX, Ltd, KRB Machinery, Toyo Kensetsu Kohki Co., Henan Sinch Machinery Co., Ltd, TJK Machinery (Tianjin) Co, and Everest Equipment Private Limited.