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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.
What is the size of the permanent installation segment in the bar threading machine market?
The permanent installation segment held around 65% share of the bar threading machine market in 2023 and is anticipated to grow at a CAGR of 3.9% during 2024 to 2032, owing to their durability and suitability for high-volume production.
What trends are influencing the Asia Pacific bar threading machine market?
The Asia Pacific bar threading machine market size surpassed USD 940 million in 2023 and is expected to grow at a CAGR of 4.4% through 2032, led by rapid urbanization and large infrastructure projects in China and India.
Why is the demand for external thread cutting machines rising?
The external thread cutting machines segment was worth over USD 1.28 billion in 2023 and is expected to reach around USD 1.72 billion by 2032, due to their versatility, efficiency, and precision in handling various bar sizes and types.
How big is the bar threading machine market?
The global market for bar threading machine was reached USD 2.43 billion in 2023 and is estimated to grow at a 3.9% CAGR from 2024 to 2032, driven by rapid urbanization and infrastructure development.
Which are the major players in the bar threading machine market?
Key players in the bar threading machine industry include Cheng Feng Machinery, Cincinnati Machine, Dalian Machine Tool Group, Elektra Beckum, GEKA Group, Hangzhou Hongli Pipe Machinery, Jainnher Machine, Landee Machinery, Nitto Seiko, Reed Manufacturing, Rex Industries, Ridgid, Roscamat, Rothenberger, and Wheeler-Rex.