Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Rebar tying machines are one of the labour – intensive jobs, widely used in the construction jobs. The high compressive strength of the concrete, makes it have a relatively lower tensile strength, due to which it can be easily cracked. Therefore, reinforcing iron bars or rebar structures are used over the same, in order to increase the tensile strength of the concrete.
The rebar structures are made using the number of iron bars tied together with the help of a wire or just by twisting them. These rebar tiers are usually of two types, manual and battery operated. The battery operated rebar tier has a tool head placed over the joint and then the trigger is pressed, and the area is tied off.
The rebar tying machines market is highly driven by the surge in the market of building & construction industry across the globe. Also, the growing urbanization across the various developing countries is expected to increase the demand for commercial buildings, institutes, and hotels, which in turn would help the market of the rebar tying machine to rise along with it.
The world was hit by a sudden virus which spread across the globe in no time. This spread of an unusual tiny virus, stopped everything; the governments across the globe enacted lockdowns and travel restrictions in order to control the spread of the disease.
The sudden lockdowns by the governments across the globe made it hard for the construction industry, as it faced huge number of obstacles like contractual obligations, availability of resources, deliverables, health, safety measures, and project delays or cancellations. Therefore, the decline in the construction industry and the lower labour availability, further affected the growth of the market for rebar tying machines.
The report analyses the rebar tying machine market based on the type, application and geography. Based on the type, the market is classified into 21 mm, 24 mm, 40 mm, 65 mm and many others. Based on the application, the market is classified into construction engineering, bridge engineering, and traffic engineering.
On the basis of type, the rebar tying machine market is classified into the various sizes of the rebar machines, including, 21 mm, 24 mm, 40 mm, and 65 mm, among many others.
In the terms of application, the rebar tier machine market has been divided into construction engineering, bridge engineering, and traffic engineering. In the field of construction engineering, the rebar tiers are basically used for creating reinforced iron bar structures for all the maximum projects. The construction engineering is highly impacted due to the use of the rebar tiers as it has almost eliminated the use of man power and made the working with the use of the machinery, which results in more output in a relatively lesser time.
Geographically, the rebar tying machine market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East &Africa.
As for the market share, China seems to be dominating the market geographically due to the presence of maximum number of manufacturing hubs and also, it being a major exporter of the same. Also, the Middle East and African countries show huge potential owing to the growth of construction and oil & gas industry in the region.
Some of the major players operating in this market include Max USA Corp, Benner - Nawman Inc., Wacker Neuson SE, Pexgun, Rapid Tool Australia Ltd., BN Product USA, XYLTRON, Taizhou Xindalu Electronic Technology Co. Ltd, among many others.
The report analyses the rebar tying machine market based on the type, application and geography. Based on the type, the market is classified into 21 mm, 24 mm, 40 mm, 65 mm and many others. Based on the application, the market is classified into construction engineering, bridge engineering, and traffic engineering.
Some of the major players operating in the market include Max USA Corp, Benner - Nawman Inc., Wacker Neuson SE, Pexgun, Rapid Tool Australia Ltd., BN Product USA, XYLTRON, Taizhou Xindalu Electronic Technology Co. Ltd, among many others.
Geographically, the rebar tying machine market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa.
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