Rebar Tying Tools Market
Rebar Tying Tools Market
The market for Rebar Tying Tools was estimated at $805.75 million in 2024; it is anticipated to increase to $1.22 billion by 2030, with projections indicating growth to around $1.73 billion by 2035.
Global Rebar Tying Tools Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Rebar Tying Tools market is projected to grow from $805.8 million in 2024 to $1.61 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Construction and Infrastructure Development, Marine Construction and Bridge and Road Construction.
- Makita Corporation, BOSCH, Stanley Black & Decker Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Rebar Tying Tools market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
- Transition like Transition to Automation is expected to add $110.9 million to the Rebar Tying Tools market growth by 2030
- The Rebar Tying Tools market is set to add $809 million between 2024 and 2034, with manufacturer targeting Independent Contractors & Rental Companies End User projected to gain a larger market share.
- With Rise in construction activities, and Technological advancements and product innovation, Rebar Tying Tools market to expand 100% between 2024 and 2034.
Opportunities in the Rebar Tying Tools
In today's evolving landscape driven by automation and robotics advancements in construction are evident too; the integration of sophisticated rebar tying tools, with other construction equipment is enhancing operational efficiency significantly.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rise in Construction Activities
Restraint: High Initial Cost of Investment
Opportunity: Expanding Construction in Emerging Economies and Green Building Trend
Challenge: Dependency on Skilled Labour
Supply Chain Landscape
ArcelorMittal
Gerdau S.A
Nippon Steel
Makita Corporation
Max USA Corp
BN Products-USA
Home Depot
Lowe's Companies Inc.
Techtronic Industries
Construction
Infrastructure Development
ArcelorMittal
Gerdau S.A
Nippon Steel
Makita Corporation
Max USA Corp
BN Products-USA
Home Depot
Lowe's Companies Inc.
Techtronic Industries
Construction
Infrastructure Development