Bar Bending Machines Market size shall reach a value of $x Million in 2027, growing with a CAGR of 10.4% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Bar bending machines are equipment used for bending strut bars or different shapes of round bars, such as mild steel plain bars and hot rolled deformed bars. These machines can be semi-automatic or automatic. A bar bending machine is a device used to develop a bend on a workpiece. These machines have characteristics such as an additional towing system for easy transportation on construction sites and a barrier switch for steady operation.
Bar bending machines are fast, durable, and cost-effective bars largely used in the automotive industry, construction industry, and steel bar refining factories. In construction, it largely finds application in highway building, bridge building, tunnel building, house building, and road construction.
The bar bending machine competently improves the production potential of the steel processing manufacturers by reducing the utilization of manual labor. Bar bending machines are simple to use, and they endeavor to enhance work efficiency and construction quality.
Bar Bending Machines Market Growth and Trends
Driving factors for the Industry:
• The bar bending machines are extensively used for assembling or bending of work pieces in various construction sites, can be both automatic as well as semi-automatic. This is one of the key factors boosting the growth and demand of the bar bending machines market.
• Rapidly rising construction industries worldwide is expected to boost the demand at an exponential rate and drives the market growth extensively.
• The bars are one of the most construction materials which are required in re-enforcement work of concrete and other construction activities and therefore the demand of the bar bending machines is so high and is expected to grow even further in the next couple of years.
• Rising awareness and regulatory policies initiated by the govt to enhance the manufacturing sectors and other training facilities is expected to accelerate the demand for bar bending machines and fuel the markets growth. Other govt programs like “make in India” campaigns and other programs across the world are also anticipated to augment the demand and growth of the bar bending machine market.
• The construction industry of countries like India and China from Asia-Pacific region are expected to witness high growth of the heading industry due to the high demand of houses in these countries.
Challenges for the Industry :
• Lofty price rates of automatic bar bending machines in comparison with manually operated ones is one of the major factors restraining the growth of the market.
• Furthermore, fluctuation in construction activities due to strange economic turmoil across the world is yet another restricting factor hindering the bar bending machines market growth and demand.
• The automatic bar bending machines that comes with high productivity and efficiency are not price wise affordable for the small and medium size enterprises all around the world hey stop hey this in turn reducing the efficiency and becomes a restricting factor, hampering the growth of the bar bending machines.
• These bar bending machines help in augmenting the market growth because they are durable, efficient, fast and minimize the use of manual labour.
Bar Bending Machines Market Regional Analysis
The construction industry of the United States of the North American region accounts for the U.S. $ 1.3 trillion that will uplift the bar bending machines market. Combined, China, India, and the United States account for over 57% of the global market revenue attributed to the rising demand for construction materials, increased usage in strengthening solid materials and thermomechanical treatments. European countries are also contributing immensely because of rapid urbanization and industrialization. Countries of the Middle East and Africa are growing at a rapid pace because of the government initiatives that helped in the development of the manufacturing units, which helped boost the global market.
Bar Bending Machines Market Share and Competition
Key companies operating in this industry are: Ellsen Machinery Equipment Co., Ltd, M.E.P. Macchine Elettroniche Piegatrici S.p.A., PEDAX GmbH, Safari Construction Equipments Pvt. Limited, jaypee group, EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H., Henan Sinch Machinery Co., Ltd., SIMPEDIL S.r.l, Everest Equipments Private limited, TJK Machinery (Tianjin) Co, Ltd, TOPALL IMPEX, and Sona Construction Technologies Pvt. Limited. Similar industries in this domain that is growing at a high CAGR include Tube Bending Machine Market and Commercial Bar Refrigeration Equipment Market.
Bar Bending Machines Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Operation Analysis (Revenue, USD Million, 2020 - 2027)
• Automatic Bar Bending Machines
• Semi-automatic Bar Bending Machines
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Hydraulic Bar Bending Machine
• TMT Bar Bending Machine
• Reinforcement Bar Bending Machine
Mobility Type Analysis (Revenue, USD Million, 2020 - 2027)
• Stationary Bar Bending Machine
• Portable Bar Bending Machine
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Steel Producers
• Steel Products Manufacturers
• Construction/Engineering Contractors
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Bar Bending Machines Market Companies
• Ellsen Machinery Equipment Co., Ltd
• M.E.P. Macchine Elettroniche Piegatrici S.p.A.
• PEDAX GmbH
• Safari Construction Equipments Pvt. Limited
• jaypee group
• EVG Entwicklungs- und Verwertungs-Gesellschaft m.b.H.
• Henan Sinch Machinery Co., Ltd.
• SIMPEDIL S.r.l
• Everest Equipments Private limited
• TJK Machinery (Tianjin) Co, Ltd
• TOPALL IMPEX
• Sona Construction Technologies Pvt. Limited
Available Versions: -
United States Bar Bending Machines Market Research Report
Europe Bar Bending Machines Market Research Report
Asia Pacific Bar Bending Machines Market Research Report
India Bar Bending Machines Market Research Report
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