Rebar Processing Equipment Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights 2018 - 2026
The global rebar processing equipment market was valued at US$ 0.55 Bn in 2017. It is expected to reach US$ 1.07 Bn in terms of revenue by 2026, expanding at a CAGR of 6.9% from 2018 to 2026. The market in Asia Pacific is likely to expand at a rapid growth rate during the forecast period, due to a rise in infrastructure and construction activities in emerging economies such as India and China. Rebar processing equipment is mainly used for bending, shearing, de-coiling, and straightening of reinforced bars (also known as rebar). This machine is suitable for contractors or construction companies to carry out different operations on rebar according to their requirements. The rebar processing equipment market is growing across the globe. Major factors driving the market are growing construction and infrastructure activities. China, India, and the U.S. are major countries which have a huge demand for rebar processing equipment due to an increase in infrastructure activitie...