The global construction anchor market is expected to witness strong growth, expanding from USD 13,869.85 million in 2024 to USD 24,838.79 million by 2034, with a compound annual growth rate (CAGR) of 6.0% over the next decade. This substantial growth highlights the rising demand for construction anchors.
Market players are actively upgrading their product lines by increasing investments in research and development. These efforts focus on creating new products that align with market needs.
Chemical anchors dominate the market, serving as a key solution for construction applications. Many companies are expanding their range of chemical anchors, enhancing their strength and features to meet the growing demand for high-performance anchors in extreme conditions. Additionally, the increasing need for chemical anchors capable of handling dynamic loading requirements is expected to drive market growth.
Several leading vendors are also launching eco-friendly construction anchors, emphasizing sustainability. Moreover, companies are focusing on improving product durability and resistance in their new offerings.
Key Takeaways from the Construction Anchor Market Report
- The market value of construction anchor increased from US$ 10,087.70 million in 2019 to US$ 13,153.01 million in 2023.
- By product type, the chemical segment is anticipated to acquire a market share of 91.15% in 2024.
- Demand for construction anchors is projected to be significant in building and construction applications. In 2024, the application segment is likely to account for 41.83% market share.
- In the United States and Germany, the construction anchor market is expected to rise at CAGRs of 5.1% and 6.8%, separately, over the forecast period.
- In China and India, the sales of construction anchors are anticipated to surge at CAGRs of 6.8% and 7%, respectively, through 2034.
- The Australia construction anchor industry is predicted to increase at a CAGR of 6.8% from 2024 to 2034.
Competitive Landscape
The market space is dynamic and competitive. To increase the market share, leading companies are developing new anchor to address certain requirements like high-temperature resistance, underwater fastening, etc. Additionally, players are presenting an extensive range of anchors to serve several multiple applications and materials. Furthermore, companies are constantly upgrading their existing products and creating innovative solutions to beat the market competition.
Key players are focusing on developing strong partnerships with retailers and distributors to expand their customer base. Moreover, leading companies are increasing their investments toward brand reputation, reliability, and quality via sponsorships and marketing campaigns. Industry leaders are also collaborating with complementary businesses to expand their expertise or offer integrated solutions. Additionally, they are also acquiring companies that have distinct technologies to enhance their market position.
Notable Construction Anchor Companies
- Stanley Black & Decker, Inc
- Hilti Corporation
- Simpson Manufacturing Co., Inc
- EJOT Holding GmbH & Co. KG
- Misumi Corporation
- Ancon Limited
- Fosroc Chemicals (India) Private Limited
- Unika Co. Ltd
- UNIQUE FASTENERS P. LTD
- Yuyao City Xintai Hardware Co. Ltd
- FIXDEX Fastening Technology
- EMC Fasteners and Tools
- Ningbo Londex Industrial Co. Ltd
- HASM Co. Ltd
- Others
Construction Anchor Market by Category
By Product Type:
- Metal
– Wedge anchors
– Undercut anchors
– Concrete screws
– Drop-In Anchors
– Sleeve and Nail Anchors
– Cast-In Anchors
- Chemical
– Injectable adhesive anchors
– Capsule adhesive anchors
- Light Duty Anchors
– (Nylon) Plugs
– Drywall Plugs
– Drywall Screws
– Insulation Anchors
– Metal Screws
By Application:
- Building Construction
- Civil Engineering
- Construction Installation
- DIY
By Sales Channel:
- Direct Sales
- Distributor Sales
- Retail Sales
- Home Centers
- Online Sales
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/construction-anchors-market
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