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Rebar Cutting Tools Market Size, Share & Trends Analysis Report By Application (Construction Site and Steel Product Manufacturing), By Type (Semi-automatic and Fully Automatic), By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 155 Pages
  • June 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988733
The Global Rebar Cutting Tools Market size is expected to reach $7.2 billion by 2031, rising at a market growth of 5.9% CAGR during the forecast period.

Europe has stringent regulatory standards for construction safety and quality. Compliance with these regulations is essential for construction companies operating in the region. The need to meet these high standards drives the demand for certified and reliable rebar cutting tools, ensuring the safety and durability of construction projects. Hence, The Europe market would register more than 1/4th revenue share in the market by 2031. Major cities in Europe are expanding, and there is a continuous need to upgrade transportation networks, housing, and commercial buildings. These activities drive the demand for rebar cutting tools to support construction and renovation projects.



The demand for rebar cutting tools is experiencing a considerable increase as a result of the construction industry's unprecedented growth, particularly in emerging economies. This surge is primarily driven by rapid urbanization and extensive infrastructure development projects, crucial for the modernization and expansion of urban areas. Modern construction projects often involve intricate designs that require precise cutting and shaping of rebar to fit unique structural needs. Hence, the booming construction industry has significantly increased the demand for rebar cutting tools.

Additionally, Rapid industrialization and urbanization, particularly in developing countries, significantly boost construction activities, increasing the demand for rebar cutting tools. As per the United Nations, the global urban population is anticipated to increase from 4.2 billion in 2018 to 6.7 billion by 2050, with the majority of this development taking place in Africa and Asia. This urban expansion necessitates robust infrastructure development, including residential, commercial, and industrial buildings, all requiring substantial rebar for structural reinforcement. Therefore, rapid industrialization and urbanization in developing countries significantly increase construction activities, driving the demand for rebar cutting tools.

However, Modern rebar cutting technologies offer enhanced efficiency, precision, and durability and come with a hefty price tag. For numerous small and medium-sized construction companies, the significant barrier to entry is the high cost of these advanced tools. These companies frequently operate on tight budgets and may not have the financial flexibility to invest in such costly equipment. Hence, the high initial investment costs associated with advanced rebar cutting tools are a significant barrier to market growth.

Driving and Restraining Factors

Drivers
  • Rapid Expansion of The Construction Industry
  • Innovations In Rebar Cutting Tool Technology
  • Increasing Industrialization and Urbanization
Restraints
  • High Initial Investment Required for Advanced and High-Quality Tools
  • Competition From Low-Cost Alternatives
Opportunities
  • Increasing Renovation and Remodeling Activities
  • Imposition Of Safety Regulations and Standards
Challenges
  • Rapid Pace of Advancements Leading to Technological Obsolescence
  • Environmental Concerns Regarding Sustainability

Type Outlook

Based on type, the market is bifurcated into semi-automatic and fully automatic. The semi-automatic segment garnered 58% revenue share in the market in 2023. Semi-automatic rebar cutting tools are more affordable than fully automatic models, making them an attractive option for small and medium-sized construction companies that operate on tighter budgets. Their lower initial investment cost than fully automatic tools enable broader accessibility and adoption. These tools offer flexibility that is often favored in various construction settings.



Application Outlook

On the basis of application, the market is classified into steel product manufacturing and construction site. The steel product manufacturing segment recorded 38% revenue share in the market in 2023. In steel product manufacturing, precision is paramount. In order to guarantee that rebar meets the quality standards necessary for a variety of construction applications, it must be precisely cut to the appropriate dimensions. Advanced rebar cutting tools enable manufacturers to achieve the necessary precision, ensuring that the final products are consistent and reliable.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 38% revenue share in the market in 2023. North America, particularly the United States, has invested significantly in infrastructure development and renovation. The Infrastructure Investment and Jobs Act, a government initiative, has allocated significant funds to the reconstruction and improvement of public transportation systems, bridges, and roads.

List of Key Companies Profiled

  • Toyo Kensetsu Kohki Co., Ltd.
  • PEDAX GmbH
  • Schnell S.p.A
  • TJK Machinery (Tianjin) Co, Ltd.
  • Gensco Equipment Inc.
  • EUROBEND GmbH
  • E.P. Macchine Elettroniche Piegatrici S.p.A.
  • Hitachi, Ltd.
  • Hilti AG
  • Makita Corporation

Market Report Segmentation

By Application
  • Construction Site
  • Steel Product Manufacturing
By Type
  • Semi-automatic
  • Fully Automatic
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Rebar Cutting Tools Market, by Application
1.4.2 Global Rebar Cutting Tools Market, by Type
1.4.3 Global Rebar Cutting Tools Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Rebar Cutting Tools Market by Application
4.1 Global Construction Site Market by Region
4.2 Global Steel Product Manufacturing Market by Region
Chapter 5. Global Rebar Cutting Tools Market by Type
5.1 Global Semi-automatic Market by Region
5.2 Global Fully Automatic Market by Region
Chapter 6. Global Rebar Cutting Tools Market by Region
6.1 North America Rebar Cutting Tools Market
6.1.1 North America Rebar Cutting Tools Market by Application
6.1.1.1 North America Construction Site Market by Region
6.1.1.2 North America Steel Product Manufacturing Market by Region
6.1.2 North America Rebar Cutting Tools Market by Type
6.1.2.1 North America Semi-automatic Market by Country
6.1.2.2 North America Fully Automatic Market by Country
6.1.3 North America Rebar Cutting Tools Market by Country
6.1.3.1 US Rebar Cutting Tools Market
6.1.3.1.1 US Rebar Cutting Tools Market by Application
6.1.3.1.2 US Rebar Cutting Tools Market by Type
6.1.3.2 Canada Rebar Cutting Tools Market
6.1.3.2.1 Canada Rebar Cutting Tools Market by Application
6.1.3.2.2 Canada Rebar Cutting Tools Market by Type
6.1.3.3 Mexico Rebar Cutting Tools Market
6.1.3.3.1 Mexico Rebar Cutting Tools Market by Application
6.1.3.3.2 Mexico Rebar Cutting Tools Market by Type
6.1.3.4 Rest of North America Rebar Cutting Tools Market
6.1.3.4.1 Rest of North America Rebar Cutting Tools Market by Application
6.1.3.4.2 Rest of North America Rebar Cutting Tools Market by Type
6.2 Europe Rebar Cutting Tools Market
6.2.1 Europe Rebar Cutting Tools Market by Application
6.2.1.1 Europe Construction Site Market by Country
6.2.1.2 Europe Steel Product Manufacturing Market by Country
6.2.2 Europe Rebar Cutting Tools Market by Type
6.2.2.1 Europe Semi-automatic Market by Country
6.2.2.2 Europe Fully Automatic Market by Country
6.2.3 Europe Rebar Cutting Tools Market by Country
6.2.3.1 Germany Rebar Cutting Tools Market
6.2.3.1.1 Germany Rebar Cutting Tools Market by Application
6.2.3.1.2 Germany Rebar Cutting Tools Market by Type
6.2.3.2 UK Rebar Cutting Tools Market
6.2.3.2.1 UK Rebar Cutting Tools Market by Application
6.2.3.2.2 UK Rebar Cutting Tools Market by Type
6.2.3.3 France Rebar Cutting Tools Market
6.2.3.3.1 France Rebar Cutting Tools Market by Application
6.2.3.3.2 France Rebar Cutting Tools Market by Type
6.2.3.4 Russia Rebar Cutting Tools Market
6.2.3.4.1 Russia Rebar Cutting Tools Market by Application
6.2.3.4.2 Russia Rebar Cutting Tools Market by Type
6.2.3.5 Spain Rebar Cutting Tools Market
6.2.3.5.1 Spain Rebar Cutting Tools Market by Application
6.2.3.5.2 Spain Rebar Cutting Tools Market by Type
6.2.3.6 Italy Rebar Cutting Tools Market
6.2.3.6.1 Italy Rebar Cutting Tools Market by Application
6.2.3.6.2 Italy Rebar Cutting Tools Market by Type
6.2.3.7 Rest of Europe Rebar Cutting Tools Market
6.2.3.7.1 Rest of Europe Rebar Cutting Tools Market by Application
6.2.3.7.2 Rest of Europe Rebar Cutting Tools Market by Type
6.3 Asia Pacific Rebar Cutting Tools Market
6.3.1 Asia Pacific Rebar Cutting Tools Market by Application
6.3.1.1 Asia Pacific Construction Site Market by Country
6.3.1.2 Asia Pacific Steel Product Manufacturing Market by Country
6.3.2 Asia Pacific Rebar Cutting Tools Market by Type
6.3.2.1 Asia Pacific Semi-automatic Market by Country
6.3.2.2 Asia Pacific Fully Automatic Market by Country
6.3.3 Asia Pacific Rebar Cutting Tools Market by Country
6.3.3.1 China Rebar Cutting Tools Market
6.3.3.1.1 China Rebar Cutting Tools Market by Application
6.3.3.1.2 China Rebar Cutting Tools Market by Type
6.3.3.2 Japan Rebar Cutting Tools Market
6.3.3.2.1 Japan Rebar Cutting Tools Market by Application
6.3.3.2.2 Japan Rebar Cutting Tools Market by Type
6.3.3.3 India Rebar Cutting Tools Market
6.3.3.3.1 India Rebar Cutting Tools Market by Application
6.3.3.3.2 India Rebar Cutting Tools Market by Type
6.3.3.4 South Korea Rebar Cutting Tools Market
6.3.3.4.1 South Korea Rebar Cutting Tools Market by Application
6.3.3.4.2 South Korea Rebar Cutting Tools Market by Type
6.3.3.5 Australia Rebar Cutting Tools Market
6.3.3.5.1 Australia Rebar Cutting Tools Market by Application
6.3.3.5.2 Australia Rebar Cutting Tools Market by Type
6.3.3.6 Malaysia Rebar Cutting Tools Market
6.3.3.6.1 Malaysia Rebar Cutting Tools Market by Application
6.3.3.6.2 Malaysia Rebar Cutting Tools Market by Type
6.3.3.7 Rest of Asia Pacific Rebar Cutting Tools Market
6.3.3.7.1 Rest of Asia Pacific Rebar Cutting Tools Market by Application
6.3.3.7.2 Rest of Asia Pacific Rebar Cutting Tools Market by Type
6.4 LAMEA Rebar Cutting Tools Market
6.4.1 LAMEA Rebar Cutting Tools Market by Application
6.4.1.1 LAMEA Construction Site Market by Country
6.4.1.2 LAMEA Steel Product Manufacturing Market by Country
6.4.2 LAMEA Rebar Cutting Tools Market by Type
6.4.2.1 LAMEA Semi-automatic Market by Country
6.4.2.2 LAMEA Fully Automatic Market by Country
6.4.3 LAMEA Rebar Cutting Tools Market by Country
6.4.3.1 Brazil Rebar Cutting Tools Market
6.4.3.1.1 Brazil Rebar Cutting Tools Market by Application
6.4.3.1.2 Brazil Rebar Cutting Tools Market by Type
6.4.3.2 Argentina Rebar Cutting Tools Market
6.4.3.2.1 Argentina Rebar Cutting Tools Market by Application
6.4.3.2.2 Argentina Rebar Cutting Tools Market by Type
6.4.3.3 UAE Rebar Cutting Tools Market
6.4.3.3.1 UAE Rebar Cutting Tools Market by Application
6.4.3.3.2 UAE Rebar Cutting Tools Market by Type
6.4.3.4 Saudi Arabia Rebar Cutting Tools Market
6.4.3.4.1 Saudi Arabia Rebar Cutting Tools Market by Application
6.4.3.4.2 Saudi Arabia Rebar Cutting Tools Market by Type
6.4.3.5 South Africa Rebar Cutting Tools Market
6.4.3.5.1 South Africa Rebar Cutting Tools Market by Application
6.4.3.5.2 South Africa Rebar Cutting Tools Market by Type
6.4.3.6 Nigeria Rebar Cutting Tools Market
6.4.3.6.1 Nigeria Rebar Cutting Tools Market by Application
6.4.3.6.2 Nigeria Rebar Cutting Tools Market by Type
6.4.3.7 Rest of LAMEA Rebar Cutting Tools Market
6.4.3.7.1 Rest of LAMEA Rebar Cutting Tools Market by Application
6.4.3.7.2 Rest of LAMEA Rebar Cutting Tools Market by Type
Chapter 7. Company Profiles
7.1 Toyo Kensetsu Kohki Co., Ltd.
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 PEDAX GmbH
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Schnell S.p.A.
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 TJK Machinery (Tianjin) Co., Ltd.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Gensco Equipment Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 EUROBEND GmbH
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 M.E.P. Macchine Elettroniche Piegatrici S.p.A.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Hitachi, Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Hilti AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.10. Makita Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research and Development Expense
Chapter 8. Winning Imperatives of Rebar Cutting Tools Market

Companies Mentioned

  • Toyo Kensetsu Kohki Co., Ltd.
  • PEDAX GmbH
  • Schnell S.p.A
  • TJK Machinery (Tianjin) Co, Ltd.
  • Gensco Equipment Inc.
  • EUROBEND GmbH
  • M.E.P. Macchine Elettroniche Piegatrici S.p.A.
  • Hitachi, Ltd.
  • Hilti AG
  • Makita Corporation

Methodology

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