Rebar Coupler Market Report Overview
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The global rebar coupler market size was USD 701 million in 2021 and is projected to touch USD 1233.1 million by 2028, exhibiting a CAGR of 8.4% during the projected period.
In RCC structures, rebar couplers are utilised in place of the scraping and fusing in reinforcement system. The lapping system, in which the bars are hitched by wire beside it over, is used when lengthy length bars are required or when adding extra bars to the ends of existing bars. Similar to wrapping, bonding is a method where the bars are joined by welding rather of being strung together with wire. Rebar couplers, also known as couplers in reinforcement, are an alternative system utilised because welding and lapping systems waste bar. They give an end-to-end linking for the continual reinforcing of a structure.
COVID-19 Impact: Supply and Lockdown Limitation to Impede Market Advancement
The global COVID-19 pandemic has been unprecedented and staggering, with rebar coupler experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to rebar coupler market growth and demand returning to pre-pandemic levels once the pandemic is over.
The epidemic caused state-wide lockdowns to be implemented in a number of nations, temporarily disrupting the rebar coupler market's supply chain. Lockdowns, business closures, and immigration restrictions caused the outbreak to have an impact on countries and their businesses all around the world. The lockdown caused constructional works to temporarily cease or be suspended, which had a major effect on the application programming interface of the market. Limitations related to fewer production activities, a tighter supply chain, a lower percentage of employees, and closures ultimately had a significant impact on the rebar coupler market globally. However, rebar coupler market growth is predicted to rise as a result of growing demand by nuclear power generation infrastructure.
LATEST TRENDS
"Construction Sector to Stimulate Market Development"
During the projected period, the equipment can create better durability than gap cutting in concrete blocks and is anticipated to propel market expansion. These couplers are also quick and simple to install, which encourages their use in the construction sector. The equipment demand is anticipated to rise as a result of its expanding use in precast industry construction joints. In construction, the equipment can also be employed to address design problems and rebar tolerance.
During the anticipated period, these elements are anticipated to fuel the rebar coupler market. In the upcoming years, the market for the equipment is also projected to increase due to rising awareness of the benefits of these connectors over lapped joints.
Rebar Coupler Market Segmentation
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- By Type
Based on type; the market is divided into tapered thread type, parallel thread type, MBT type, and grout type
Tapered thread type is the leading part of the type segment.
- By Application
Based on the application; the market is divided into airports, bridges, roads, rail and metroports, nuclear power generation infrastructure, other power generation infrastructure,commercial high rise, and others
Airports is the leading part of the application segment.
DRIVING FACTORS
"High Rebar Consistency to Aid Market Expansion "
Design using reinforced concrete laws of practise presuppose that the workmanship, materials, and detailing will ensure that forces are transferred through one rebar to another. Rebar splices, however, may fail if somehow the bond between both the rebar and the concrete is destroyed due to concrete cracking, degradation, poor on-site craftsmanship, rebar oxidation, and eventual spalling, and others. The equipment produces more dependable continuity because they don't rely on concrete bonds.
"Decrease of Rebar Congestion to Foster Industry Progress "
Lapping rebar in extensively reinforced sections can result in substantial congestion, which makes it difficult to secure the steel and leaves little room for the concrete to be placed and compacted properly. The use of the equipment greatly lessen congestion, making concrete placing and compaction easier, reducing the risk of concrete segregation owing to excessive vibration, and ultimately enhancing the performance of concrete.
RESTRAINING FACTORS
"Time Consuming and Poor Workmanship to Hinder Market Advancement"
Both physical splices and mechanic splices take equal time, however there are research papers that support the idea that overlaps take a lot longer to install or fix. The plates are contacted, adjusted for overlap length in accordance with the design, and then wired together during overlap fixing. Additionally, since an inspector is unable to scrutinise every overlap in a concrete pour, the workmanship is questionable based on this random examination. There are times when overlapping rebars are not properly arranged. Therefore, restraining the rebar coupler market from expansion.
Rebar Coupler Market Regional Insights
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Increasing Consumption by Industries to Foster Market Advancement in Asia Pacific
The highest percentage for rebar coupler market share is in Asia Pacific. The region's growth can be linked to an increase in the consumptions of industries. The equipment is particularly cost-effective for large diameter bars in large building projects, including skyscraper development. It is utilised in various types of construction, including the building of towers, bridges, dams, and buildings in Asia Pacific. The increasing demand for the equipment by the working industries in Asia Pacific is anticipated to contribute further to the rebar coupler market in the coming years.
KEY INDUSTRY PLAYERS
"Prominent Players in the Industry to Promote Market Expansion"
The strategies used by market participants in recent years, such as extensions, had a substantial impact on the market's expansion. The study includes information and specifics about the businesses and how they engage with the market. Through suitable research, technological developments, expansions, and expanding machinery and equipment, the data is acquired and published. The companies who create and offer new products, the regions in which they operate, mechanisation, innovation methods, making the most money, and using their products to significantly impact society are other factors taken into account for this market.
List of Market Players Profiled
- Dextra Group (Thailand)
- Tokyo Tekko (Japan)
- Peikko Group (Finland)
- Terwa (Europe)
- CRH (Ireland)
- Sida Jianmao (Hong Kong)
- Glus (U.S.)
- Henglian (China)
- Iron Man (U.S.)
- Shandong Jinheng Precision (China)
- Langfang Yuzeli (China)
- Splice Sleeve (Japan)
- Dayton Superior (U.S.)
- Shanghai LWB (China)
- Hebei Kapule Machinery (China)
- Fuji Bolt (Japan)
REPORT COVERAGE
The report's in-depth analysis of the restraints illustrates how they differ from drivers and leaves potential for tactical planning. The factors that hinder market expansion are crucial because they can be recognised to create new strategies for seizing the profitable chances that are available in the constantly expanding industry. In order to better comprehend the market, perspectives from industry experts have also been taken into consideration. The status of market development and global market trend for the equipment are also studied in the report. In order to conduct a thorough analysis and show the market's characteristics and prospects, it also divides the rebar coupler market into segments based on type and applications.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 701 Million in 2021 |
| Market Size Value By | US$ 1233.1 Million by 2028 |
| Growth Rate | CAGR of 8.4% from 2021 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Type and Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the rebar coupler market expected to touch by 2028?
Based on our research, the global rebar coupler market is projected to touch USD 1233.1 million by 2028.
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What CAGR is the rebar coupler market expected to exhibit by 2028?
The rebar coupler market is expected to exhibit a CAGR of 8.4% by the forecasted year 2028.
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What are the driving factors of the rebar coupler market?
An increase in the demand for rebar couplers by the construction industry and also new features available due to technological advancement, has inflated the rebar coupler market.
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Which are the top companies operating in the rebar coupler market?
Dextra Group, Tokyo Tekko, Peikko Group, Terwa, CRH, Sida Jianmao, Glus, Henglian, Iron Man, Shandong Jinheng Precision, Langfang Yuzeli, Splice Sleeve, Dayton Superior, Shanghai LWB, Hebei Kapule Machinery, and Fuji Bolt are the top companies operating in the rebar coupler market.
