Rebar Splice Market Size, Share, Growth and Industry Analysis By Type (Tapered Thread Bar Coupler, Parallel Thread Standard Bar Coupler, MBT Coupler And, Grout Sleeve Coupler), By Application (Building Construction, And, Others) Regional Forecast To 2031

Updated On: 08 April 2024

Rebar Splice Market Report Overview

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The rebar splice market size is anticipated to be worth USD 686.6 million in 2022. As per our research, the market is projected to touch USD 928.92 million in 2031 with a CAGR of 3.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

When two pieces of rebar overlap, they form a continuous reinforcement that forms a splice. These rebar splices help in transferring loads throughout the structure. There are basically two types of rebar splice. These include contact and non-contact splices. These splices are used in a lot of construction activities.

A lot of buildings are getting constructed in the recent times. The global infrastructure network is emerging and this is increasing the scope for the rebar splice market.  This can be identified as the new trend in the market.

The pandemic of COVID-19 had a negative impact on the market. However, certain factors have helped the market recover from the losses faced during the pandemic. Parallel thread couplers are in high demand in the market. Different rebar splices are used for different requirements. These factors are collectively driving the rebar splice market share.

COVID-19 impact: Decline in Construction Industry Decreased Market Growth

The pandemic of COVID-19 resulted in the decline of many industries. It brought down the market share everywhere around the world. Construction industry experienced a decrease in its demand. There was a halt in the construction activities as per the guidelines provided by the government. This affected the rebar splice market negatively.

Cad weld rebar splicing system is very popularly in nuclear construction. It is a widely used as a mechanical rebar splice. During the pandemic due to several reasons like lockdowns, and social distancing the construction industry had a downfall. Scarcity of raw materials, and unavailability of skilled workers for the construction industry were the main reason for the decline of the market during the pandemic.

LATEST TRENDS

"Growing Infrastructure Around the Globe to Increase Market Growth"

A lot of developments have taken place in the market recently. One of the prime factors driving the market is the growing infrastructures around the world. Rebar splices are used for constructing buildings. Nuclear construction also involves the usage of rebar splices.

 Implementation of advanced technologies like cutting-edge technology has greatly improved the market scope. A lot infrastructure industries use high-quality raw materials for the purpose. This is attracting a lot of customers to the market. This has been the latest development in the rebar splice market growth.

Rebar Splice Market Segmentation

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• By Type:

The market can be divided on the basis of type into the following categories:

Tapered Thread Bar Coupler, Parallel Thread Standard Bar Coupler, MBT Coupler and, Grout Sleeve Coupler. The tapered thread bar coupler segment is expected to hold the dominant market share through 2031.

• By Application:

Classification based on application into the following categories:

Building construction, and, others. The building construction segment is predicted to dominate the market through 2031.

DRIVING FACTORS

"Rising Demand for Parallel Thread Couplers to Amplify Market Growth"

Parallel thread couplers are highly being used in the market. They are used for connecting threaded pipes together. The are primarily used as connectors to join two sections of a rod or a pipe. The increasing demand for these products is impeding the rebar splicing market share. 

Rebar splicing is used in large infrastructures. Increasing industrialization is fueling the growth of the construction market. This is creating a lot of growth opportunities to the rebar splice market.  

"Various Types of Rebar Splicing Suitable for Different Purposes to Develop Market Growth"

There are several types of rebar splicing. These include lap splicing, mechanical splicing, and welded splicing. These methods are used for different constructions requirements. Lap splicing is used for transferring the loads throughout the structure of an infrastructure.

Mechanical splicing is used for creating connections between two different pieces of rebars. They increase the length providing end-to-end connections. Welded splicing is used for certain occasions when the rebars have a diameter greater than 36mm. As rebar splicing can suit different requirements in conditions, the market has witnessed growth.

RESTRAINING FACTOR

"Time Consuming Process of Installing Rebar Splices to Decrease Market Growth"

One of the major disadvantages of using these equipments is that they are very time consuming to install. This can result in delay in the construction process.  The presence of other economical options like thread couplers has decreased the demand for rebar splices.

The strength of a rebar splice is completely dependent on the strength of the concrete. If the concrete is not strong enough it can affect the strength of the rebar splice as well.  All of these factors can have a negative impact on the market thus bringing down the market growth.

Rebar Splice Market Regional Insights

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"North America to Dominate the Market Growth During Research Period"

North America holds majority of the market share. Europe stands next in terms of the market share. A few key factors have influenced the share of market in the North American region. One of them includes the presence of huge infrastructures and buildings.        The flourishing construction industry in this region has attracted many key industry players of the market.

Construction is a high-income market in many countries in North America. Construction sector provides employment to a large number of people. Increasing industrialization and incorporation of highly advanced techniques in construction has propelled the market in this region. The growth of construction sector in North America has increased the demand for tools like rebar splices that are used for building infrastructures and nuclear construction.

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 the recent days. 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. Key market players have adopted unique strategies to flourish in the market. Many new innovations and changes are being seen in the market.

List of Market Players Profiled

• nVent (U.K.)
• Dextra (Thailand)
• Tokyo Tekko (Japan)
• Peikko (Finland)
• Terwa (Netherlands)
• CRH (Ireland)
• Sida    Jianmao (Sweden)
• Glus (Israel)
• BARUS (Istanbul)
• Preshcon (India)

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. The report also provides information about some of the top industry players in the market.