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Bar Threading Machine Market Size
- Report ID: GMI12080
- Published Date: Oct 2024
- Report Format: PDF
Bar Threading Machine Market Size
The global bar threading machine market was valued at USD 2.43 billion in 2023 and is estimated to grow at a CAGR of over 3.9% from 2024 to 2032, due to the rapid urbanization and infrastructure development. The growth of urban areas and population expansion drive increased demand for durable construction materials, particularly reinforced steel bars. These rebars are essential in residential, commercial, and public infrastructure projects. Bar threading machines play a crucial role in preparing rebars, which are vital for strengthening concrete structures in major developments such as bridges, highways, and skyscrapers.
Government infrastructure investments in smart cities, metro systems, and industrial hubs are increasing demand for high-quality steel reinforcements. Urbanization and vertical construction necessitate strong, durable threaded bars for structural safety. This focus on structural integrity in dense areas has led to increased adoption of advanced bar threading machines, which ensure precision and efficiency in rebar preparation, driving market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Bar Threading Machine Market Size in 2023: | USD 2.43 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 3.9% |
| 2032 Value Projection: | USD 3.39 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 134 |
| Tables, Charts & Figures: | 231 |
| Segments covered: | Thread Type, Installation, Operation, Bar Size, Bar Substrate Material, End Use, Distribution Channel, Region |
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Frequently Asked Questions (FAQ) :
Bar Threading Machine Market Scope
