No products in the cart.
Bar Threading Machine Market Size - By Thread Type, Installation, Operation, Bar Size, Bar Substrate Material, End Use, Distribution Channel Analysis, Share, Growth Forecast, 2024 – 2032
Report ID: GMI12080
|
Published Date: October 2024
|
Report Format: PDF
Download free sample
Get a free sample of Bar Threading Machine Market
Get a free sample of Bar Threading Machine Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
Immediate Delivery
$4,123 $4,850
15% off
$4,280 $5,350
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 231
Countries covered: 18
Pages: 134
Download Free Sample
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.
Bar Threading Machine Market Trends
The bar-threading machine market is shifting towards automation, driven by CNC technology integration. This advancement enables precise rebar threading with minimal human intervention, offering benefits such as faster production, lower labor costs, and reduced errors. These automated systems integrate with broader manufacturing processes, allowing real-time monitoring and improved resource management. As construction projects become more complex with tighter deadlines, demand for efficient automated bar threading machines is increasing. Ongoing technological innovations in this field continue to shape the industry's future.
Bar Threading Machine Market Analysis
The bar threading machine industry faces significant financial challenges, primarily due to high initial investment costs and ongoing operational expenses. Small and medium-sized enterprises struggle to secure the substantial capital required for purchasing advanced machines. Additionally, frequent maintenance, service costs, and expenses for replacement parts and repairs contribute to the financial pressure on manufacturers and operators in this market.
Based on the thread type, the external thread cutting machines was worth over USD 1.28 billion in 2023 and is expected to reach around USD 1.72 billion by 2032. External thread cutting machines lead the bar threading machine business, offering versatility, efficiency, and precision. These machines handle various bar sizes and types for industries like construction and automotive. They quickly thread rebar surfaces, meeting tight deadlines while ensuring precise thread formation that complies with industry standards and maintains structural integrity.
Based on the installation, 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. Permanent installation bar threading machines lead the market due to their durability, efficiency, and suitability for high-volume production. These machines offer longevity, automated processes, and stability, ensuring high-quality results across various rebar sizes. Their alignment with industry trends towards automation strengthens their market dominance.
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. Rapid urbanization in Asia-Pacific, especially China and India, is increasing demand for bar threading machines. Large infrastructure projects and government investments in urban development drive this trend. These machines are crucial for creating threaded bars used in reinforced concrete structures, enhancing stability and safety in construction. The extensive building activity in the region directly fuels the market for these essential tools.
North America: In terms of the country, Canada holds overall market share of around 20.95% in the North America bar threading machine market, due to the growth in manufacturing and industrial activities in Canada, particularly in the automotive, oil and gas, and energy sectors. These industries rely on precision-engineered, high-quality threaded components for critical applications. In automotive manufacturing, threaded parts are crucial for vehicle assembly, while the oil and gas sectors require durable threaded pipes and fittings for high-pressure environments. As these sectors expand, the demand for efficient bar threading machines to produce reliable components continues to increase.
Europe: The UK bar threading machine market holds a market share of around 23.9% in 2023 and anticipated to grow with a CAGR of around 3.8% during 2024 to 2032, due to rising demand from the manufacturing sector. Key industries such as automotive, aerospace, construction, and machinery drive this demand. The automotive sector, in particular, relies on high-quality threaded bars for component assembly and structural integrity, a need amplified by the increasing demand for electric vehicles (EVs).
Asia Pacific: In terms of country, China is dominating the Asia Pacific bar threading machine market generating a revenue of USD 310 million in 2023 and is anticipated to grow at a CAGR of 4.6% through 2032, due to its robust manufacturing base, advanced infrastructure, skilled workforce, and significant investments in modern machinery. The country’s adoption of innovative technologies, heavy investment in research and development, and promotion of smart manufacturing further enhance its position. Collaborations with global companies and a focus on energy efficiency and sustainability align with global trends, making China a key player in the Asia-Pacific market.
Bar Threading Machine Market Share
In 2023, key companies like Ridgid, Rothenberger, Reed Manufacturing, Rex Industries and Hangzhou Hongli Pipe Machinery held a combined market share of 30%-35%. These key players are aiming to offer value while maintaining profit margins. These manufacturers are focusing on differentiating the products & services by adding unique features such as advanced threading technology, ease of use, and durability in order to remain competitive in the market.
Bar Threading Machine Market Companies
Major players operating in the bar threading machine industry are:
Bar Threading Machine Industry News
This bar threading machine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Thousand units) from 2021 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Thread Type
Market, By Installation
Market, By Operation
Market, By Bar Size
Market, By Bar Substrate Material
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: