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PUBLISHER: Grand View Research | PRODUCT CODE: 1376042
PUBLISHER: Grand View Research | PRODUCT CODE: 1376042
Construction Anchors Market Size, Share & Trends Analysis Report By Product (Hangers, Mechanical), By Materials (Stainless Steel, Carbon Steel), By End-use, By Region, And Segment Forecasts, 2023 - 2030
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Construction Anchors Market Growth & Trends:
The global construction anchors market size is expected to reach USD 3.90 billion by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 3.7% from 2023 to 2030. The market growth can be attributed to an increase in demand for innovative construction anchors and fasteners used to connect structural parts. Furthermore, the introduction of new and creative products, as well as simple installation techniques, has significantly fueled the building anchors industry. They are often used to secure structural elements such as columns and beams, as well as equipment, machinery, and other heavy loads.
The growth in construction spending in the emerging Middle Eastern and Asia Pacific economies can be attributed to the strong industrial and economic development coupled with population expansion, which is likely to have a positive impact on the demand for construction anchors in these regions over the forecast period. Furthermore, the governments of emerging economies have invested significantly in public infrastructures such as offices, building hospitals, and housing societies.
The development of private-sector construction companies in India, China, and the UAE is anticipated to aid construction spending in the coming years. China witnessed a slowdown in the construction sector in 2020. However, the country's transition toward a consumer- and service-driven economy has been providing ample and lucrative growth opportunities in new construction activities across various end-use sectors such as healthcare, education & social infrastructure, and retail. The aforementioned factors are likely to increase construction activities in China in the coming years.
Construction anchors have a potential demand and installation across the building & 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. These are made up of a combination of parts that move independently and allow the anchor to create an expansion in the base material once placed in the hole. These are particularly designed to go in the base material of the hole and not come out.
The market is considered highly competitive on account of the presence of many large-scale manufacturers functioning at a regional or global level.
Construction Anchors Market Report Highlights:
- Based on product, the mechanical anchors segment dominated the market in 2022 with a revenue share of 41.3% in terms of revenue. Mechanical anchors can be used in light-duty as well as heavy-duty applications. There are various types of mechanical anchors, including sleeve, drop-in, and wedge anchors. Torque-controlled expansion anchors are one of the most commonly used anchors in construction activities. Torque-controlled expansion anchors offer high-load bearing capacity and quick installation time
- Mechanical anchors are widely utilized in a variety of sectors because they are effective, reliable, and easy to use. They may be used both indoors and outdoors and are especially beneficial in situations where drilling into concrete or other hard surfaces is not feasible. Mounting large objects such as signboards to walls, securing handrails to stairways, attaching beams for support structures, attaching flooring tiles to concrete foundations, installing window frames and shutters on brick walls, and securing pipes to walls or ceilings are all common applications of mechanical anchors
- The intended use of cast-in anchor is for non-cracked or cracked concrete as it can transmit the tensile loads and shear loads. In addition, it can be embedded on the surface or sunk in the concrete structure owing to its ability to sustain a temperature range of -400 Celsius to +800 Celsius without any special basement. These factors are expected to increase the demand for cast-in anchors over the forecast period.
- In terms of revenue, the residential end-use segment accounted for USD 635.1 million in 2022 and is expected to witness growth at a CAGR of 3.1% over the forecast period from 2023-2030. The residential construction industry is mainly driven by the rise in single-family housing units. Low mortgage rates and a rise in immigrant influx to major cities are propelling the demand for residential housing in the country. Construction anchors secure walls, roof trusses, and other critical components in residential buildings. This is expected to boost the demand for construction anchors in the residential industry
- The commercial end-use segment is anticipated to grow at a CAGR of 4.0% in terms of revenue over the forecast period. The commercial industry segment is expected to grow at a significant rate owing to the wide application scope of construction anchors, including spaces such as malls, hotels, sports complexes, and industries. The building designs of malls, hotels, and sports & recreational stadiums are becoming more complex and include a wide variety of pipes, tubes, and cables suspended from the ceiling.
- Asia Pacific dominates the self-drilling screws market, accounting for USD 912.0 million in 2022. The increasing number of petrochemical plants and the flourishing construction industry in the Asia Pacific are driving the growth of the market in the region. The growing demand for fuels and consumer goods is contributing to the requirement for crude oil production capacity in Asia Pacific. Thus, leading to the growth of the industrial construction sector in various countries of the region. Moreover, rising investments in new infrastructure development projects in India, Australia, Hong Kong, Japan, Thailand, Vietnam, etc., are surging the consumption of construction anchors in these countries.
- Acquisitions & mergers, collaborations, and expansion of production facilities are some of the other operating strategies implemented by key market players. For instance, in September 2021, Simpson Strong Tie Company, Inc. announced the acquisition of Etanco Group for USD 725.0 million. Etanco Group is a leading designer, manufacturer, and distributor of fixing and fastening solutions for the construction industry throughout Europe. This move has helped Simpson Strong Tie Company, Inc. to increase its market presence in Europe.
Product Code: GVR-4-68040-147-8
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Segmental Outlook
- 2.4 Competitive Outlook
Chapter 3 Construction Anchors Market: Variables, Trends and Scope
- 3.1 Market Lineage Outlook
- 3.1.1 PARENT Market Outlook: INDUSTRIAL FASTENER MARKET
- 3.2 Construction Anchors Market: Industry Value Chain Analysis
- 3.2.1 Raw material trend
- 3.2.2 Major Raw Materials Analysis
- 3.2.2.1 Steel
- 3.2.3 Sales Channel Analysis
- 3.2.4 Price Trend Analysis
- 3.3 Technology Overview
- 3.4 Regulatory Framework
- 3.4.1 Analyst Perspective
- 3.4.2 CE Marking
- 3.4.3 European Organization for Technical Assessment (EOTA)
- 3.4.4 Safety
- 3.4.5 Special Inspection Guidelines for Post-installed Anchors
- 3.5 Construction Anchors Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Positive Construction Industry Outlook
- 3.5.1.2 Rapidly Growing Demand for Mechanical Anchors
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 Introduction of Other Bonding Materials
- 3.5.2.2 Fluctuating Cost of Raw Material
- 3.5.3 Industry Opportunity Analysis
- 3.5.3.1 Continuous Improvement in Structural Designs
- 3.5.4 Market CHALLENGES Analysis
- 3.5.5 Industry Analysis: Porter's
- 3.5.6 PESTEL Analysis
- 3.5.1 Market Driver Analysis
- 3.6 Market Disruption Analysis
Chapter 4 Construction Anchors Market: Product Estimates & Trend Analysis
- 4.1 Key Takeaways
- 4.2 Product Movement Analysis & Market Share, 2022 & 2030
- 4.3 Construction Anchors Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 4.4 Hangers
- 4.5 Mechanical Anchors
- 4.5.1 Cast-in Anchors
- 4.5.2 Post-Installed Anchors
- 4.5.2.1 Screw Anchors
- 4.5.2.2 Expansion Anchors
- 4.5.2.3 Undercut Anchors
- 4.6 Chemical Anchors
- 4.7 Nail-In Anchors
- 4.8 Wall Anchors
- 4.9 Other Anchors
Chapter 5 Construction Anchors Market: Material Estimates & Trend Analysis
- 5.1 Key Takeaways
- 5.2 Material Movement Analysis & Market Share, 2022 & 2030
- 5.3 Construction Anchors Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- 5.4 Stainless Steel
- 5.5 Carbon Steel
- 5.6 Others
Chapter 6 Construction Anchors Market: End-use Estimates & Trend Analysis
- 6.1 Key Takeaways
- 6.2 End-use Movement Analysis & Market Share, 2022 & 2030
- 6.3 Construction Anchors Market Estimates & Forecasts, by End-use, 2018 - 2030 (USD Million)
- 6.3.1 Residential
- 6.3.2 Commercial
- 6.3.3 Industrial
- 6.3.4 Infrastructure
Chapter 7 Construction Anchors Market: Regional Estimates & Trend Analysis
- 7.1 Construction Anchors Market: Regional Outlook
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Nordic Region
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.5 Central & South America
- 7.5.1 Brazil
- 7.5.2 Chile
- 7.5.3 Argentina
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
Chapter 8 Construction Anchors Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings (Overview, Financials, Product Portfolio, Strategy)
- 8.5.1. Hilti
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Stanley Black & Decker, Inc.- DEWALT
- 8.5.3. Illinois Tool Works Inc.
- 8.5.4. Adolf Wurth GmbH & Co. KG
- 8.5.5. Fischer fixings UK Ltd.
- 8.5.6. Mechanical Plastics Corp.
- 8.5.7. Cobra Anchors
- 8.5.8. MKT Fastening, LLC
- 8.5.9. SFS Group Fastening Technology Ltd.
- 8.5.10. Friulsider S.p.A.
- 8.5.11. CEAS. (Construction Engineered Attachment Solutions)
- 8.5.12. Sika AG
- 8.5.13. Koelner Rawlplug IP
- 8.5.14. Guangdong Kin Long Hardware Products Co., Ltd.
- 8.5.1. Hilti
Product Code: GVR-4-68040-147-8
List of Tables
- Table 1 Construction Anchors Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- Table 2 Construction Anchors Market Estimates & Forecasts, by Material, 2018 - 2030 (USD Million)
- Table 3 Construction Anchors Market Estimates & Forecasts, by End-use, 2018 - 2030 (USD Million)
- Table 4 Company Heat Map Analysis, 2022
List of Figures
- Fig. 1 Construction Anchors Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Outlook
- Fig. 7 Segmental Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Construction Anchors Market - Global Industrial Fasteners Market
- Fig. 11 Construction Anchors Market - Value Chain Analysis
- Fig. 12 U.S. Stainless Steel Price Trend, 2019 - 2022 (USD/Ton)
- Fig. 13 Market Dynamics
- Fig. 14 Market Driver Impact Analysis
- Fig. 15 Construction Value Added By Key Countries, 2017 - 2021 (Million Square Meters) (USD Million)
- Fig. 16 U.S. Construction Industry Spending, 2018 - 2022 (USD Million)
- Fig. 17 Market Restraint Impact Analysis
- Fig. 18 Industry Analysis: Porter's
- Fig. 19 PESTEL Analysis, By SWOT
- Fig. 20 Product: Key Takeaways
- Fig. 21 Product: Market Share, 2022 & 2030
- Fig. 22 Construction anchors market estimates & forecasts, by hangers, 2018 - 2030 (USD Million)
- Fig. 23 Construction anchors market estimates & forecasts, by mechanical anchors, 2018 - 2030 (USD Million)
- Fig. 24 Mechanical construction anchors market estimates & forecasts, by cast-in anchors, 2018 - 2030 (USD Million)
- Fig. 25 Mechanical construction anchors market estimates & forecasts, by post-installed anchors, 2018 - 2030 (USD Million)
- Fig. 26 Post-installed mechanical construction anchors market estimates & forecasts, by screw anchors, 2018 - 2030 (USD Million)
- Fig. 27 Post-installed mechanical construction anchors market estimates & forecasts, by expansion anchors, 2018 - 2030 (USD Million)
- Fig. 28 Post-installed mechanical construction anchors market estimates & forecasts, by undercut anchors, 2018 - 2030 (USD Million)
- Fig. 29 Construction anchors market estimates & forecasts, by chemical anchors, 2018 - 2030 (USD Million)
- Fig. 30 Construction anchors market estimates & forecasts, by nail-in anchors, 2018 - 2030 (USD Million)
- Fig. 31 Construction anchors market estimates & forecasts, by wall anchors, 2018 - 2030 (USD Million)
- Fig. 32 Construction anchors market estimates & forecasts, by other anchors, 2018 - 2030 (USD Million)
- Fig. 33 Material: Key Takeaways
- Fig. 34 Material: Market Share, 2022 & 2030
- Fig. 35 Stainless steel construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Carbon steel construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 37 Other construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 38 End-use: Key Takeaways
- Fig. 39 End-use: Market Share, 2022 & 2030
- Fig. 40 Construction anchor market estimates & forecasts, for residential, 2018 - 2030 (USD Million)
- Fig. 41 Construction anchor market estimates & forecasts, for commercial, 2018 - 2030 (USD Million
- Fig. 42 Construction anchor market estimates & forecasts, for industrial, 2018 - 2030 (USD Million
- Fig. 43 Construction anchor market estimates & forecasts, for infrastructure, 2018 - 2030 (USD Million )
- Fig. 44 Region, 2022 & 2030, (USD Million)
- Fig. 45 Regional Marketplace: Key Takeaways
- Fig. 46 Regional Marketplace: Key Takeaways
- Fig. 47 North America Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 48 U.S. Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 49 Canada Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 50 Mexico Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 51 Europe Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 52 UK Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 53 Germany Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 54 France Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 55 Italy Construction Anchor Market estimates & forecast, 2018 - 2030, (USD Million)
- Fig. 56 Spain Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 57 Nordic Region Construction Anchor Market estimates & forecast, 2018 - 2030 (USD Million)
- Fig. 58 Asia Pacific construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 59 China construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 60 Japan construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 61 India construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 62 South Korea construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 63 Australia construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 64 Central & South America construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 65 Brazil construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 66 Chile construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 67 Argentina construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 68 Middle East & Africa construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 69 Saudi Arabia construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 70 UAE construction anchors market estimates & forecasts, 2018 - 2030 (USD Million)
- Fig. 71 Competition Categorization
- Fig. 72 Company Market Positioning
- Fig. 73 Strategy Mapping, 2022
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