Cut & bend device is used mainly for bending as well as cutting purpose. This also helps in effectively handling inventory and reducing the space requirement. Furthermore, this also saves labor costs as well as reduces wastage of space. With escalating usage of cut & bend device in bending and cutting processes, the demand for the product is going to acquire momentum across the manufacturing sector. It is the value added solution for fabrication and optimization of rebar in the factory environment. In addition, rebars are cut and bent in specific shapes depending on structural design. They are available in various sizes and shapes. It is generally prepared in factories offsite. Cut and bend are prepared from specialized machinery, which ensures high precision and zero wastage in the form of scrap.
COVID-19 scenario analysis :
COVID 19 Scenario
The COVID-19 has extremely affected the economy in the world in a negative wat, hence the cut and bend equipment market also got affected abruptly and experienced a slowdown in the generation of revenue. There were strict regulations by governments of various countries, which caused reduction in demand for the cut and bend equipment in the current scenario. Furthermore, industries are focusing on innovations during the lockdown situation, such that it could help gain attention of majority of the players during the forecast period.
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The key factor influencing the cut and bend equipment includes increase in demand for construction sector and rapidly rising infrastructure activities. This is anticipated to propel the industry in the coming years. The use of novel technologies for improving output from equipment propels the business trends. Surge in the global population and elevating demand for these products carve a profitable roadmap for the cut and bend equipment industry. Additionally, entry of new players & entrepreneurs in the business along with instability witnessed in construction activities hinder growth rate of the industry. High raw material prices are
also expected to impede the business landscape.
The global cut and bend equipment market trends are as follows:
New product launches to boost the cut and bend equipment market
Key companies are focusing on the upgradation according to the need in the market in the coming years. For instance, in 2010, JAYPEE India Ltd is the largest manufacturer of Jaymac range of bar bending and bar cutting machines. Being a one stop solution provider for construction engineering industry, the company has recently introduced Bar De-coiling and Scrap straightening machines in the market.
In 2019, Bison Machinery, offered the excellent RVD tube laser cutting machines, bringing an affordable laser cutting solution for processing of a huge variety of tubular sections and profiles. Specified with market leading components such as nLIGHT fibre laser and a RayTools cutting head, these high quality machines make light work of tasks which would take many times longer using conventional methods. The RVD Fibre Lasers for flatbed cutting, along with the tube cutting attachments these machines offer, they feel that being in a position to offer the RVD SmartFibre TF is a major step forward in our mission to make our customers more competitive, productive and efficient.
Surge in mergers and acquisitions to boost cut and bend equipment adoption
Increase in a number of acquisitions and mergers are anticipated to propel the industry, as it would boost attention in the coming years. For instance, in August 2019, LVD Company (Gullegem, Belgium) had acquired industrial automation solutions provider COMPAC (Urbino, Italy)—the two companies had partnered since 2016 to produce automatic warehouse systems for numerous LVD laser cutting equipment installations in Italy. The acquisition expands LVD's portfolio of automation systems for flat sheet and tube laser cutting machinery at a time when sheet metal fabricators are increasingly automating their production processes to improve overall efficiency.
Key benefits of the report:
- This study presents the analytical depiction of the global cut and bend equipment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cut and bend equipment market share.
- The current market is quantitatively analyzed to highlight the global cut and bend equipment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global cut and bend equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Cut And Bend Equipment Market Report Highlights
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