PUBLISHER: Grand View Research | PRODUCT CODE: 1268749
PUBLISHER: Grand View Research | PRODUCT CODE: 1268749
Mechanical Anchors Market Size, Share & Trends Analysis Report By Material (Carbon Steel, Stainless Steel), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2023 - 2030
Mechanical Anchors Market Growth & Trends:
The global mechanical anchors market size is expected to reach USD 2,319.8 million by 2030, registering a CAGR of 2.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The mechanical anchors have potential demand and installation across the building and construction sector including historic masonry materials. These anchors mechanically anchor themselves in the base material with the help of friction and some type of movement to achieve holding values.
The rapidly expanding construction industry is driving demand for the mechanical anchor industry growth. The increasing focus on advanced architectural design across the construction sector is expected to create potential demand over the forecast timeframe from 2023 to 2030. The economic development across rapidly developing countries including China and India is further estimated to accelerate growth during the forecast timeframe.
The continuous involvement of the government and international non-profit organizations for the development of respective areas and countries, in terms of advanced structural designs, that can meet the sustainable goals of the future is helping to generate market demand for mechanical anchors. Additionally, the rising focus to limit the emission of greenhouse gases (GHG) across the buildings and construction industry is another factor anticipated to create demand in the near future.
Mechanical anchors are primarily used in a solid concrete base, brick, & block, and stone. These mechanical anchors have to be strong and sturdy as they are subjected to transferring the load to the base material through, friction, bearing, or keying which requires high strength and hardness. As a result, majority of the mechanical anchors are made from carbon steel material as they exhibit outstanding workability, and strength to absorb stress in extreme load conditions.
The mechanical anchors industry is segmented into residential and commercial based on the applications. The residential application segment holds a comparatively small share when compared to commercial applications. The use of mechanical anchors in residential applications includes fixing wooden or plastic frames to the concrete or masonry units, railing and fences, and cable trenches.
The U.S. mechanical anchor industry is anticipated to witness moderate growth over the coming years owing to rising demand for machinery tools from the automotive, construction, and aerospace & defense industries. Despite the downturn in 2020 caused by the COVID-19 pandemic, rising emphasis on the production of building tools in the region, along with the continuation of construction operations, is anticipated to prove beneficial for the demand for the anchor.
The value chain of the mechanical anchors market comprises raw material suppliers, manufacturers, suppliers/distributors/exporters, and end-users. The raw materials include carbon steel and stainless steel. These raw materials are used in the manufacturing of anchors and are procured directly from the steel manufacturers or their distributors or suppliers and anchor manufacturers have signed agreements with the steel manufacturers for smooth supply.
Mechanical Anchors Market Report Highlights:
- Stainless steel was the largest and fastest growing market segment and accounted for 54.2% of the revenue share in 2022 as stainless steel hardly gets oxidized when compared to other materials including iron, and carbon steel. Additionally, aesthetic shining appearance, corrosion resistance, low maintenance, and strength make stainless steel a widely used material for manufacturing mechanical anchors
- Carbon steel accounted for USD 674.1 million for the year 2022 owing to its high strength. The presence of high carbon content makes them good at resisting abrasion and retaining shape under excess load in construction buildings. In addition, the material is primarily heat-treated by austenitizing, and quenching, followed by tempering to enhance its mechanical properties including yield and tensile strength
- Residential applications accounted for a revenue share of over USD 476.0 million in 2022. The use of mechanical anchors in residential applications includes fixing wooden or plastic frames to the concrete or masonry units, railing and fences, and cable trenches. Metals such as aluminum and steel are widely used in the manufacturing of windows and doors in buildings owing to the lightweight and highly durable properties exhibited by the metals
- Commercial applications accounted for 74.3% of the total market share for the year 2022. In commercial sectors, mechanical anchor finds its wide application in various malls, hotels, sports complexes, and industries. This building design is becoming more complex and is fitted with a wide variety of pipes, tubes, and cables suspended from the ceiling. These are primarily held on metal trenches which are fitted with mechanical anchors to fasten them to the underside of the concrete deck for support and hold
- Companies are engaged in the adoption of strategic initiatives such as research & development and vertical integration to gain a competitive edge
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2022 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Mechanical Anchor Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook: Industrial Fastener Market
- 3.1.2. Related/Ancillary Market Outlook: Chemical Anchor Market
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.1.1. Major Raw Materials Analysis
- 3.2.1. Raw Material Trends
- 3.3. Technology Overview
- 3.3.1. Manufacturing Processes
- 3.3.1.1. Headed anchor bolts
- 3.3.1.2. Galvanized anchor bolts
- 3.3.1. Manufacturing Processes
- 3.4. Regulatory Framework
- 3.5. Mechanical Anchor Market - Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.1.1. Rapidly growing demand across building and construction sector
- 3.5.2. Market Restraint Analysis
- 3.5.2.1. Fluctuating Cost of Raw Material
- 3.5.3. Market Opportunity Analysis
- 3.5.3.1. The Continuous Improvement in the Structural Designs
- 3.5.4. Market Challenge Analysis
- 3.5.4.1. The Expansion of Anchor Against the Size of Sides of the Hole
- 3.5.1. Market Driver Analysis
- 3.6. Mechanical Anchor Market - Porter's five forces analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyer
- 3.6.3. Threat of New Entrants
- 3.6.4. Threat of Substitution
- 3.6.5. Competitive Rivalry
- 3.7. Industry Analysis - PESTLE by SWOT
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.8. Market Disruption Analysis
Chapter 4. Mechanical Anchor Market : Material Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Material Movement Analysis and Market Share Analysis, 2022 & 2030
- 4.3. Mechanical Anchor Market Estimates & Forecasts, By Material 2018 - 2030 (USD Million)
- 4.3.1. Carbon Steel
- 4.3.2. Stainless Steel
- 4.3.3. Others
Chapter 5. Mechanical Anchor Market : Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis and Market Share Analysis, 2022 & 2030
- 5.3. Mechanical Anchor Market Estimates & Forecasts, By Application 2018 - 2030 (USD Million)
- 5.3.1. Residential
- 5.3.2. Commercial
Chapter 6. Mechanical Anchor Market : Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis and Market Share Analysis, 2022 & 2030
- 6.3. North America
- 6.3.1. Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. Mexico
- 6.3.4.1. Mexico Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Europe Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. UK
- 6.4.2.1. UK Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Germany
- 6.4.3.1. Germany Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. France
- 6.4.4.1. France Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Italy
- 6.4.5.1. Italy Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. China
- 6.5.2.1. China Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. India
- 6.5.3.1. India Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4. Japan
- 6.5.4.1. Japan Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.5. Australia
- 6.5.5.1. Australia Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.6. New Zealand
- 6.5.6.1. New Zealand Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Argentina
- 6.6.3.1. Argentina Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Mechanical Anchor Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Players, their Recent Developments, and their Impact on Industry
- 7.2. Key Company/Competition Categorization
- 7.3. Company Market Position Analysis
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.6. Company Listing
- 7.6.1. Stanley Black & Decker, Inc.
- 7.6.1.1. Company Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Product Benchmarking
- 7.6.1.4. Strategic Framework
- 7.6.2. Guangdong Kin Long Hardware Products Co., Ltd
- 7.6.2.1. Company Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Product Benchmarking
- 7.6.2.4. Strategic Framework
- 7.6.3. Hilti Group
- 7.6.3.1. Company Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Product Benchmarking
- 7.6.3.4. Strategic Framework
- 7.6.4. Simpson Strong-Tie Company, Inc.
- 7.6.4.1. Company Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Product Benchmarking
- 7.6.4.4. Strategic Framework
- 7.6.5. Illinois Tool Works Inc.
- 7.6.5.1. Company Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Product Benchmarking
- 7.6.5.4. Strategic Framework
- 7.6.6. Koelner Rawlplug IP
- 7.6.6.1. Company Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Product Benchmarking
- 7.6.6.4. Strategic Framework
- 7.6.7. Mungo Befestigungstechnik AG
- 7.6.7.1. Company Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Product Benchmarking
- 7.6.7.4. Strategic Framework
- 7.6.8. Prosoco, Inc.
- 7.6.8.1. Company Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Product Benchmarking
- 7.6.8.4. Strategic Framework
- 7.6.9. MITEK INC
- 7.6.9.1. Company Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Product Benchmarking
- 7.6.9.4. Strategic Framework
- 7.6.10. Mudge Fasteners, Inc.
- 7.6.10.1. Company Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Product Benchmarking
- 7.6.10.4. Strategic Framework
- 7.6.11. MKT Fastening, LLC
- 7.6.11.1. Company Overview
- 7.6.11.2. Financial Performance
- 7.6.11.3. Product Benchmarking
- 7.6.11.4. Strategic Framework
- 7.6.12. Mechanical Plastic Corporation
- 7.6.12.1. Company Overview
- 7.6.12.2. Financial Performance
- 7.6.12.3. Product Benchmarking
- 7.6.12.4. Strategic Framework
- 7.6.13. UCAN FASTENING PRODUCTS
- 7.6.13.1. Company Overview
- 7.6.13.2. Financial Performance
- 7.6.13.3. Product Benchmarking
- 7.6.13.4. Strategic Framework
- 7.6.14. fisher Group of Companies
- 7.6.14.1. Company Overview
- 7.6.14.2. Financial Performance
- 7.6.14.3. Product Benchmarking
- 7.6.14.4. Strategic Framework
- 7.6.15. NINGBO LONDEX INDUSTRIALS CO., L.T.D.
- 7.6.15.1. Company Overview
- 7.6.15.2. Financial Performance
- 7.6.15.3. Product Benchmarking
- 7.6.15.4. Strategic Framework
- 7.6.16. Cobra Anchors
- 7.6.16.1. Company Overview
- 7.6.16.2. Financial Performance
- 7.6.16.3. Product Benchmarking
- 7.6.16.4. Strategic Framework
- 7.6.1. Stanley Black & Decker, Inc.
List of Tables
- Table 1 Mechanical Anchor Market revenue by material, 2018 - 2030 (USD Million)
- Table 2 Mechanical Anchor Market revenue by application, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Patter
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom Up Approach
- Fig. 5 Market Research Approaches - Top Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Mechanical Anchor - Market segmentation & scope
- Fig. 11 Mechanical Anchor - market dynamics
- Fig. 12 Market driver relevance analysis (Current & future impact)
- Fig. 13 Market restraint relevance analysis (Current & future impact)
- Fig. 14 PESTEL analysis
- Fig. 15 Porter's five forces analysis
- Fig. 16 Mechanical Anchor Market, by Material: Key Takeaways
- Fig. 17 Mechanical Anchor Market, by Material: Market Share, 2022 & 2030
- Fig. 18 Carbon Steel Mechanical Anchor Market Revenue, 2018 - 2030 (USD Million)
- Fig. 19 Stainless Steel Mechanical Anchor Market Revenue, 2018 - 2030 (USD Million)
- Fig. 20 Other Mechanical Anchor Market Revenue, 2018 - 2030 (USD Million)
- Fig. 21 Mechanical Anchor Market, by Application: Key Takeaways
- Fig. 22 Mechanical Anchor Market, by Application: Market Share, 2022 & 2030
- Fig. 23 Mechanical Anchor Market Revenue, for Residential, 2018 - 2030 (USD Million)
- Fig. 24 Mechanical Anchor Market Revenue, for Commercial, 2018 - 2030 (USD Million)
- Fig. 25 North America Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 26 U.S. Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 27 Canada Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 28 Mexico Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 29 Europe Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 30 UK Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 31 Germany Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 32 France Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 33 Italy Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 34 Asia Pacific Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 35 China Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 36 Japan Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 37 India Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 38 Australia Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 39 New Zealand Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 40 Central & South America Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 41 Brazil Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 42 Argentina Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
- Fig. 43 Middle East & Africa Mechanical Anchor Market revenue, 2018 - 2030 (USD Million)
