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Automatic Rebar Tying Machine Market Size, Share, and Industry Analysis, By Product Type (Handheld, Stationary, and Mobile), By Thickness (Less than 30 mm, 30-40 mm, and More than 40 mm), By Application (Residential, Commercial, Infrastructure Construction, and Industrial Construction), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI110158 | Status : UpcomingAn automatic rebar tying machine is a specialized piece of equipment designed to automatically tie intersecting reinforcement bars (rebars) together using wire ties or other tying materials. It is used in the construction industry to create reinforcement grids or cages for concrete structures, such as foundations, columns, beams, and slabs. These machines increase productivity, improve consistency in tie quality, reduce material waste, and enhance worker safety across construction applications.
The construction industry is experiencing significant growth across the globe driven by urbanization and increasing government investment for developing real estate projects. This creates the demand for rebar-tying equipment and fuels the growth of the automatic rebar-tying machine market. For instance, according to the Indian Brand Equity Foundation (IBEF), the Union Budget of India 2023-2024 announced that the Indian government would invest around USD 9.64 billion in PM Awas Yojana. Such government initiatives boost the demand for automatic rebar tying machines.
The COVID-19 pandemic had a significant impact on the global automatic rebar-tying machine market. During the pandemic, many construction projects were halted and cancelled owing to the lockdowns implemented across the globe. Moreover, disruptions in the raw material supply chain restricted market growth. The pandemic highlighted the need for construction companies to adopt automation and increase productivity to mitigate labor shortages and maintain social distancing measures. This drove the demand for automatic rebar tying machines as a solution. All these aforementioned factors boosted the market growth during the COVID-19 pandemic.
Key Insights
The report covers the following key insights:
- Micro Macro Economic Indicators
- Drivers, Restraints, Trends, and Opportunities
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
Segmentation
By Product Type | By Thickness | By Application | By Region |
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Analysis by Application:
The automatic rebar tying machine market is classified into residential, commercial, infrastructure construction, and industrial construction.
The infrastructure construction segment holds the largest market share. The rising construction of dams, bridges, roads, and tunnels across the globe creates the demand for such equipment for tying purposes, driving market growth. Moreover, the rising penetration of such machines in large-scale structures, such as columns, beams, and suspended slabs, propels industry expansion.
The adoption of automatic rebar tying machines is further driven by the need for faster construction timelines, higher productivity, and improved safety standards in various construction projects across residential, commercial, infrastructure, and industrial sectors.
Regional Analysis
The global automatic rebar tying machine market has been analyzed across five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The Asia Pacific is anticipated to hold a substantial share of the market due to rising investments in construction and infrastructure development. Along with the rising construction of residential and commercial buildings, major infrastructure projects are currently in progress in the region, driving the market growth.
North America is projected to hold a considerable share in the global market. This is owing to the rising adoption of advanced and highly automated rebar tying machines, including robotic systems and intelligent control systems, which are further enhancing productivity and efficiency.
The Europe market is projected to grow steadily during the forecast period owing to rising construction-related activities, infrastructure development, and the presence of major players in the region.
The Middle East & Africa and South America markets are projected to grow at a moderate rate due to rising government investment in road infrastructure projects and the construction of new residential and commercial projects.
Distribution of the Global Automatic Rebar Tying Machine Market, By Region of Origin:
- North America – 29%
- Europe – 24%
- Asia Pacific – 33%
- Middle East & Africa – 9%
- South America – 5%
Key Players Covered
The key players in this market include Max Co. Ltd, Surspider, Everest Equipment and Repair Inc, Steelforce Machine, Makita Corporation, Chandni Bar Auxiliary Machinery Co Ltd, KY Rebar Tying Tools, Tiger Machine Company, TGS Global, and Gyben Machinery.
Key Industry Developments
- July 2023: Wacker Neuson Australia Pty Ltd signed a partnership agreement with Norm Engineering Australia Pty Ltd based in Australia, which deals in a range of attachments for construction and light equipment. The partnership aimed to improve the product portfolio of automatic rebar tying machines.
- June 2020: Surspider launched two new automatic rebar tying machines, the ZKZ-40S and ZKS-25S, for construction applications. These machines improve the efficiency of construction applications, save labor costs, and are used across all concrete solutions.
- Global
- 2023
- 2019-2022