Rebar Grout Sleeve Market Report Overview
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global rebar grout sleeve market size was USD 118.4 Million in 2022 and market is projected to touch 161.42 Million by 2031, exhibiting a CAGR of 3.5% during the forecast period.
A structural connection between bars in reinforced concrete that are intended to merge is known as a rebar grout sleeve. While buildings and other structures are being constructed, rebar is used to unite the steel reinforcement, such as rods or wires, with the surrounding concrete. It can also be utilised for repairs by using epoxy glue or hydraulic cement grout to fix pre-existing fractures along lengths of rebar. Couplers that slip over one end and have threads on the other to securely link them onto an adjacent bar are frequently used to join rebar grout sleeves.
COVID-19 Impact: Directly Damaged the Supply Networks of Manufacturers, and Industrial Facilities
The COVID-19 pandemic has greatly damaged the world economy in numerous dimensions, such as directly affecting production and demand, supply chain disruption, and financial effect. Global manufacturers' supply chains have been directly disrupted by COVID-19, and production sites have been shut down to reduce the danger of virus transmission. Despite the pandemic, the global market for chemical and material products is expanding, and rebar grout sleeve are likely to lead this increase during the projection period.
Latest Trends
"Building Industry in Some Region to Promote Market Expansion "
The device is expected to drive market expansion and provide concrete blocks with better durability than gap cutting. The employment of these rebar grout sleeves in the construction industry is encouraged by their rapid and straightforward installation. The equipment's rising use in building joints for the precast sector is expected to increase demand for it. The technology can also be used in construction to address rebar tolerance issues and design flaws.
These factors are projected to drive the rebar grout sleeve market over the anticipated period. Due to growing knowledge of the advantages of these connectors over lapped joints, the market for the equipment is also anticipated to grow in the coming years.
Rebar Grout Sleeve Market Segmentation
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- By Type Analysis
According to type, the rebar grout sleeve market can be segmented into full-grout sleeves and half-grout sleeves.
In terms of type, the full-grout sleeves are anticipated to be the largest segment during the forecast period.
- By Application Analysis
Based on application, the rebar grout sleeve market can be divided into building construction, bridge, and others.
In terms of application, the building construction market is projected to hold the largest market share through 2031.
Driving Factors
"High Rebar Consistency to Promote Market Growth "
The workmanship, materials, and details must ensure that forces are passed through one rebar to another in order for reinforced concrete design to work. Rebar splices, on the other hand, may collapse if the bond between the rebar and the concrete is compromised for any reason, including concrete cracking, deterioration, shoddy construction on the job site, rebar oxidation, eventual spalling, and others. Because they are not dependent on physical bonds, the technology produces continuity that is more reliable.
"Rebar Congestion Reduction to Promote Industrial Growth "
It might be challenging to anchor the steel and give enough space for the concrete to be put and compacted properly when rebar is stacked in heavily reinforced areas. The equipment's operation considerably reduces traffic, facilitates the placement and compaction of concrete, lowers the possibility of concrete segregation due to excessive vibration, and finally improves the performance of concrete.
Restraining Factors
"Time-Consuming and Subpar Workmanship will Impede Market Expansion"
Both mechanical and physical splices take the same amount of time, although research articles have been published that suggest overlaps take far longer to install or repair. During overlap fixing, the plates are in contact, the overlap length is set in line with the design, and then they are wired together. Additionally, the workmanship is in doubt based on this haphazard inspection because an inspector is unable to examine every overlap in a concrete pour. Rebars that overlap one other can occasionally be misaligned. preventing the market for rebar grout sleeves from growing as a result.
Rebar Grout Sleeve Market Regional Insights
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"Growing Industry Consumption to Promote Market Development in Asia Pacific"
Asia Pacific has the largest rebar grout sleeve market share. The expansion of the region can be attributed to an increase in industrial usage. Large building projects, such as the construction of skyscrapers, benefit significantly from the equipment's low cost when using large diameter bars. Throughout Asia Pacific, it is used in a variety of construction projects, including the construction of skyscrapers, bridges, dams, and buildings. In the upcoming years, it is projected that the growing need for equipment by working industries in Asia-Pacific would further boost the market for rebar grout sleeve.
Key Industry Players
"Adoption Experiential Marketing Services by Key Players Influencing Market Development"
The top key players in the market are Tokyo Tekko, Dextra Group, Leviat (CRH Plc), Splice Sleeve Group, Shandong Jinheng Precision Steel Pipe, Dayton Superior, Beijing Sida Jianmao Technology Development. Most of the top players hold rebar grout sleeve market share in some regions. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the rebar grout sleeve market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the rebar grout sleeve market.
List of Market Players Profiled
- Tokyo Tekko (Japan)
- Dextra Group (Thailand)
- Leviat (CRH Plc) (Ireland)
- Splice Sleeve Group (Japan)
- Shandong Jinheng Precision Steel Pipe (China)
- Dayton Superior (U.S)
- Beijing Sida Jianmao Technology Development (Japan)
- Fuji Bolt Mfg(Japan)
- Shenzhen GLUS Building Material (U.S.)
- Reid (U.S.)
- Hebei Kapule Machinery (China)
- Shanghai Liwubao Construction Technology (China)
Report Coverage
This report examines an understanding of the rebar grout sleeve market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 118.4 Million in 2022 |
Market Size Value By |
US$ 161.42 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global rebar grout sleeve market expected to touch by 2031?
The global rebar grout sleeve market is expected to touch USD 161.42 Million by 2031.
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What CAGR is the rebar grout sleeve market expected to exhibit during 2022-2031?
The rebar grout sleeve market is expected to exhibit a CAGR of 3.5% over 2022-2031.
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Which are the driving factors of the rebar grout sleeve market?
High Rebar Consistency in some regions are the driving factor of the rebar grout sleeve market.
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Which are the top companies operating in the rebar grout sleeve market?
Tokyo Tekko, Dextra Group, Leviat (CRH Plc), Splice Sleeve Group, Shandong Jinheng Precision Steel Pipe, Dayton Superior, Beijing Sida Jianmao Technology Development. are the top operating companies in the rebar grout sleeve market.