The Concrete Reinforcing Bar Manufacturing industry has yet to recover fully from the impacts of the recession, with revenue falling in the five years to 2016. The recession caused construction levels to plummet, significantly reducing demand for rebar. IBISWorld expects industry revenue to decline during 2016, in response to declining steel prices. Going forward, IBISWorld expects this industry to recover fully from the impacts of the recession, with revenue expected to grow through to 2021. Strengthening demand will push selling prices upward albeit slowly, with price increases kept in check by heightened competition from other operators and from importers
This industry produces concrete reinforcing bars (rebar), which are steel rods installed inside concrete to increase its tensile strength and prevent cracking. Rebar is therefore found in a large percentage of concrete structures and is used heavily across construction markets. This industry also produces bar joists, which are similar in use but consist of an open web of a single bent bar running in zigzag pattern.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.