Bar Bending Machine Market by Operation (Fully Automatic and Semi-Automatic) and End User (Residential, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
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Mar 2020 |
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Bar Bending Machine Market Outlook - 2026
Bar bending machines are used for bending reinforcement bars or various forms of round bars, such as hot rolled deformed bars and mild steel plain bars. These machines may be automatic or semi-automatic. These durable, fast, and cost-effective bars bending machine are extensively used in the construction industry, automotive industry, and steel bar processing factories. In construction, it mainly finds application in tunnel building, house building, highway building, bridge building, and road construction. Construction industry has led to higher adoption of machine. This machine effectively increases the production capacity of the steel processing factories by minimizing the use of manual labor. Bar bending machines are easy to use and aim to improve construction quality and work efficiency. These machines are designed for life long operation making them uncomplicated to use.
Increase in automotive and construction industries due to rise in population is anticipated to be one of the major factors that drives the growth of the bar bending machine market during the forecast period. According to the United Nations report, the world population in 2017 was 7.6 billion, which is expected to reach 8.6 billion by 2030, 9.8 billion by 2050, and 11.2 billion by 2100. In addition, technological improvement, such as Computer Numerically Controlled (CNC) bar bending machines is expected to drive the growth of the market during the forecast period. A key player AMOB offers Right and Left Fully Electric CNC Tube Bender machine that produces a high level of repeatability, consistency, and accuracy. Few drawbacks of bar bending machines include high cost of maintenance; this factor is expected to restrict the growth of the bar bending machine during the forecast period. Moreover, bar bending machines require qualified operators and labor to manage machines; this factor also restrains the growth of the bar bending machine market during the forecast period. Over time, the conventional bending processes of bar has been changed to modern bar bending machines. Traditional manual bar bending machine like GF 20 sold by Shuanglong Machinery Co., Limited witnessed a change to modern and accurate CNC bending machines.
The global bar bending machines are segmented on the basis of operation, end user, and region. By operation, it is segmented into fully automatic and semi-automatic. Fully automatic segment drives the market growth due to its efficiency and convenience. By end user, the bar bending machines are segmented into residential, commercial, and others. As per the statistics of Global Construction Report 2030, global construction market is anticipated to grow $8 trillion by 2030. This is anticipated to drive the growth of the residential and commercial segment during the forecast period. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. China and India in Asia-Pacific and U.S. in North America are expected to experience significant growth in the construction industry. According to the Construction Association of the U.S., the construction industry in the U.S. creates nearly $1.3 trillion worth of structures each year that will create demand for bar bending machines. By population, China and India are the biggest countries in the globe, so the demand for houses is more in these regions, leading to increase in construction activities and in turn the demand for bar bending machines.
The report profiles the key players in this market. The major players in this market include Schnell Spa, Thorson Industries, Chiao Sheng Machinery Co., Ltd., KRB Machinery, Eurobend, Baileigh Industrial Holdings LLC, SOCO Machinery Co., Ltd, Van Sant Enterprises, Inc, SweBend, and AMOB. Schnell Spa offers products such as Robobender 45, Robomaster 45, Robomaster 60, Robomaster 60 EVO and Manual bending line pro. KRB Machinery offers products like Magnabend111, Magnabend 211, and Magnabend 211 R. AMOB in September 2018 has partnered with Vietnam’s Shipbuilding Industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global bar bending machine market with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides a quantitative analysis from 2019 to 2026 to enable the stakeholders to capitalize on the major opportunities.
- Competitive intelligence of leading manufacturers and distributors of bar bending machines helps understand the competitive scenario across the geographies
- Porter’s five forces model helps understand bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition amongst the key players
- Comprehensive analysis of the factors that drive and restrict the growth of the global bar bending machine market is provided.
GLOBAL BAR BENDING MACHINE MARKET SEGMENTATION
By Operation
- Fully Automatic
- Semi-Automatic
By End User
- Residential
- Commercial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- AMOB
- Baileigh Industrial Holdings LLC
- Chiao Sheng Machinery Co., Ltd.
- Eurobend
- KRB Machinery
- Schnell Spa
- SOCO Machinery Co., Ltd.
- SweBend
- Thorson Industries
- Van Sant Enterprises, Inc.
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