Anchor Bolts Market Forecasts to 2030 - Global Analysis By Type (Movable Anchor Bolt, Fixed Anchor Bolt and Other Types), Material, Diameter, Length, Application and By Geography

According to Stratistics MRC, the Global Anchor Bolts Market is expected to grow at a CAGR of 9.4% during the forecast period. Within the building and fastening industry, the anchor bolts market is a sector that is focused on the manufacturing, distribution, and application of specialty fasteners that are referred to as "anchor bolts." Mechanical anchor bolts are used to firmly fasten structures or objects to solid substrates, usually metal, concrete, or masonry. These bolts are essential for maintaining load-bearing ability, stability, and safety in a variety of settings, including the foundations of buildings, machinery, and infrastructure.

According to the United Nations (UN), around 68% of the world population is expected to live in urban areas by 2050.

Market Dynamics:

Driver:

Growing investment in infrastructure

Owing to the direct influence on building and development projects, rising infrastructure investment is a major factor propelling the anchor bolt industry. Anchor bolt demand is on the rise as governments and corporate groups invest enormous amounts of money to build and renovate infrastructure, including highways, bridges, airports, utilities, and public buildings. Moreover, the crucial function of these fasteners is to secure and anchor vital infrastructure components, guaranteeing their dependability, safety, and structural integrity.

Restraint:

Environmental issues

Because of the negative effects that anchor bolt production and disposal have on the environment, environmental concerns operate as a limitation on the anchor bolt market. Throughout their lives, steel anchor bolts have the potential to cause environmental problems. A sizable carbon footprint may result from the production process, which involves energy use, metal extraction, and mining. Moreover, anchor bolts might eventually turn into garbage, which could provide problems for recycling and disposal.

Opportunity:

Technological developments

Because they consistently improve the effectiveness, dependability, and adaptability of these fastening solutions, technological improvements are a major factor driving the market for anchor bolts. Products that are more durable and customized are the result of advancements in anchor bolt design, materials, and installation methods. Higher load capacities and better corrosion resistance are produced by advanced manufacturing techniques in anchor bolts, increasing their use in a variety of settings. Additionally, new technologies have produced anchor bolts that are crucial for the durability of infrastructure since they can endure harsh circumstances like high winds and earthquake activity.

Threat:

Fluctuations in the economy

The market for anchor bolts is significantly constrained by changes in the economy. The state of the infrastructural, industrial, and construction industries has a direct impact on the need for anchor bolts. Infrastructure investments and building projects may be suspended, reduced, or postponed during recessions or other difficult times. Consequently, the market's growth and profitability are affected when the need for anchor bolts declines. During economic downturns, construction and industrial enterprises may look for methods to minimize costs, such as delaying or limiting the use of anchor bolts.

COVID-19 Impact:

Global supply networks were disrupted by the epidemic, which had an impact on anchor bolt availability and manufacturing. The issue was made worse by shortages of raw materials, especially steel, which is essential to the fabrication of anchor bolts. The timely supply of anchor bolts to construction sites and distribution facilities was impeded by transportation interruptions, which included restrictions on the movement of goods and reduced transportation capacity. Manufacturing and logistical activities were further emphasized by illness-related labor shortages and quarantine requirements.

The alloy steel segment is expected to be the largest during the forecast period

Because it improves the functionality and robustness of these crucial fasteners, the alloy steel sector is expected to have the largest share during the projected period of time. Alloy steel anchor bolts have high tensile strength and are efficient at bearing loads, which makes them ideal for demanding applications like fastening heavy machinery, equipment, and structural components to concrete or masonry. Furthermore, alloy steel is the material of choice for applications needing a high load-bearing capacity and corrosion resistance because of its outstanding strength and durability. These elements are boosting the segment's growth.

The movable anchor bolt segment is expected to have the highest CAGR during the forecast period

As flexibility and adaptability are crucial, the movable anchor bolt sector is predicted to experience profitable expansion. As they can be precisely positioned and secured to satisfy shifting or varying load requirements, these anchor bolts are characterized by their adaptability. Additionally, industry standards and safety laws influence the manufacture and application of movable anchor bolts, ensuring adherence and enhancing security in the applications that utilize them. Movable anchor bolts are among the market segments that are expanding and changing at a rapid pace due to innovations in design and materials.

Region with largest share:

Due to the significant demand for anchor bolts in building and industrial projects attributed to countries like China, India, and Southeast Asia, as well as rapid population growth and infrastructural development, the Asia-Pacific region had the largest share during the forecast period. Moreover, growing markets are facilitated by both economic growth and a rise in foreign investments. The objectives of government rules are to guarantee public safety, lower the possibility of accidents, and improve structural integrity.

Region with highest CAGR:

Asia Pacific region is estimated to have enhanced growth as companies spend money on R&D to create anchor bolts that suit changing market demands and regulatory regulations, as well as to obtain a competitive advantage. Moreover, the Asia Pacific anchor bolts market is a dynamic and competitive sector that requires businesses to spend on research and development and navigate complex regulatory landscapes in order to achieve growing compliance standards.

Key players in the market

Some of the key players in Anchor Bolts market include: Anchorage Group, Fastenal, Halfeen, Hilti Group, Hohmann & Barnard, ITW Red Head, Peikko, Portland Bolt, Powers Fasteners, Rawlplug, Simpson Strong-Tie and Sormat Group.

Key Developments:

In October 2023, Fastenal Company Announces Cash Dividend. Fastenal Company reported its board of directors declared a dividend of $0.35 per share to be paid in cash on November 24, 2023 to shareholders of record at the close of business on October 26, 2023. Except for share and per share information, dollar amounts are stated in millions.

In October 2022, United States-based crypto platform Anchorage Digital announced its expansion to Asia, with notable institutional partners including Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha, which have selected Anchorage custody and bespoke offerings to safely participate in digital assets. Anchorage mentioned a statement stating that the market for digital assets is global, and some of the highest rates of adoption are in Asia.

Types Covered:

• Movable Anchor Bolt
• Fixed Anchor Bolt
• Wedge Anchor Bolt
• Drop-in Anchor Bolts
• Chemical Anchor Bolts
• Sleeve Anchor Bolts
• Toggle Bolt Anchors
• Hollow Wall Anchor Bolts
• Strap Anchor Bolts
• Other Types

Materials Covered:

• Alloy Steel
• Carbon Steel
• Stainless Steel
• Zinc-Plated Steel
• Other Materials

Diameters Covered:

• Up to M20
• M20-M40
• Above M40

Lengths Covered:

• Up to 100mm
• 100mm-300mm
• Above 300mm

Applications Covered:

• Civil Building
• Commercial Building
• Infrastructure
• Manufacturing and Industrial
• Construction
• Utilities and Energy Sector
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances