Rebar Detector Market Size, Share, Growth and Industry Analysis by Type (Handheld Type and Laptop Type), By Application (Construction, Communication, And, Others), Regional Forecast To 2031

Updated On: 15 April 2024

Rebar Detector Market REPORT OVERVIEW

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The global rebar detector market size was USD 116.3 million in 2021 and is projected to touch USD 185.54 million by 2031, exhibiting a CAGR of 4.8% during the forecast period.

A rebar detector is mainly used for the purpose of locating the steel bars that are embedded within the concrete before drilling and making the core test. It is one of the NDT and is also considered as the best and the most efficient tool for detecting the reinforcing bars in the concrete. These detectors are also used for detecting safe spots. Apart from all of this, it also gives us information about the depth of the concrete.

Many advancements and discoveries are being made in the market. The introduction of smart and portable rebar detectors is one such new discovery in the market that is considered as the latest trend. These rebar detectors have a lot of advantages and scope in the modern industry. Key players in the market have taken a step further to increase their investments and fundings, especially in the construction industry. This in turn has brought out many improvements. Rebar detectors come in very handy for conformity check of new infrastructures. These act as the factors driving the market growth.

COVID-19 Impact: Decline in The Construction Industry Decreased the Market Share

The pandemic of COVID-19 brought down the global economy. Many industries were badly affected and suffered due to the low demand. Because of the sudden lockdown and the restrictions that were imposed during to the pandemic there was a significant decrease in the share of the construction industry.

Rebar detectors are mainly used in the field of construction. The main purpose of using these detectors is to find and locate any bars under the concrete during the construction of a building or a property. They play a very crucial role in finding safe spots during building anything. Because of the decline in the value of the construction industry, the rebar detector market also saw a steep decline during the pandemic.  However, post pandemic when all the restrictions were removed there has been a boom in the market and it is also anticipated to grow substantially during the forecast period.

LATEST TRENDS

"Introduction Of Smart And Portable Rebar Detectors To Increase The Market Growth"

The rebar detector market has seen a drastic growth and expansion after the pandemic majorly because of its huge application in the construction industries. There are many innovations and advancements that are seen in the market. The introduction of detectors that are smart and portable is one such new discovery in the market that is considered as the latest trend.

The new kind of detectors that are being used are much smarter and efficient compared to the other detectors. These are technologically advanced and can very quickly detect iron bars under the concrete. Another advantage of using these detectors is that they are portable and can be carried from place to place very easily without any difficulty. They also have better readability. These are considered the latest innovation in the market.

Rebar Detector Market SEGMENTATION

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• By Type

The market can be divided on the basis of type into the following segments: Handheld type and laptop type. Handheld type segment is anticipated to dominate the market during the forecast period.

• By Application

Based on application, the market share is bifurcated into the following segments: Construction,  communication, and, others. The construction segment is expected to dominate the market during the forecast period.

DRIVING FACTORS

"Increasing Investments in The Construction Industry to Amplify Market Growth"

There has been a boom in the market after the pandemic. The industry is also expected to witness a rapid growth during the forecast period. This will in turn increase the market growth. Many factors have contributed to the growth of the industry in the recent years.

Key players in the market have taken a step further to increase their investments and fundings, especially in the construction industry. This in turn has brought out many improvements. The real estate market is witnessing a rapid growth in the recent years. Many construction activities are taking place that in turn increase the rebar detector market share. This has been a major driving factor for amplifying the growth of the industry.

"Increasing Requirement for Conformity Check of New Infrastructures to Impede Market Growth"

Recently there has been a great demand for rebar verification and analysis all over the world. Conformity check of new infrastructures has now become a must. A lot of buildings and infrastructures can be of very bad quality which can be a threat to the people.

Hence, conforming the durability of these buildings is now a requirement. Rebar detectors come in very handy for this purpose. As a result, there has been an upsurge in the market. These collectively act as factors driving the rebar detector market growth.

RESTRAINING FACTOR

"High Post Purchase Maintenance of These Detectors to Bring Down the Market Share"

Even though the cost of these detectors is affordable and reasonable the maintenance cost is high and acts as a major disadvantage. The frequent occurrence of damages and mechanical problems are other factors that can hamper the market growth.

These detectors have to be constantly monitored for any damages or problems. A lot of money is also required for the proper maintenance of these detectors. A lot of manufacturing complexities are associated with them. Also, the underdeveloped countries lack awareness about the construction material substitutes especially concrete structures. These are the factors restraining the rebar detectors market growth.

Rebar Detector Market Regional Insights

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"North America to Dominate Market Share Owing to Increased Construction Projects "

The region that is observed to lead the market during the forecast period is North America. Followed by North-America is Asia Pacific. There are several reasons that have been attributed to the growth of thermal printhead market in North America. The major factor contributing to the market development in North America is the increasing construction activities in the region. Presence of the key industry players and huge investments coming in are yet other factors promoting increased market share. All of these factors are collectively contributing to the market growth in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• HILTI (Liechtenstein)
• Bosch (Germany)
• Proceq (Switzerland)
• ZBL (China)
• Beijing Concrete (China)
• Beijing TIME High Technology (China)
• ELE International (U.K.)
• Wuhan Sinorock Technology (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations