Restoration Anchors Market Report
Restoration Anchors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Restoration Anchors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Restoration Anchors Market is Segmented by Product Type (Mechanical Restraining Anchors, Mechanical Repair Anchors, and Helical Tie Anchors), by Application Type (Masonry, Natural Stone, Precast Concrete, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Restoration anchors are used to repairing and stabilizing weak masonries and to restore and provide strength to the existing buildings. Restoration is the process of preserving and returning the building to its former position or improve the condition.
In 2020, the COVID-19 pandemic hit the construction industry hard with a grave impact on the entire ecosystem. The restoration anchors market logged a massive decline of -7.9% in 2020, quite aligned with the decline in the overall construction industry. Based on the primary interviews coupled with the study of recovery trajectories of previous downturns, it is estimated that the market will start rebounding from 2021 onwards followed by my maintaining sequential growth. Overall, the restoration anchors market is likely to rebound at a promising CAGR of 5.4% in the long run to reach US$ 227 Million in 2026.
Based on the product type, the restoration anchors market is segmented as mechanical restraining anchors, mechanical repair anchors, and helical tie anchors. Mechanical restraining anchor is expected to remain the most dominant product type in the market during the forecast period owing to the increasing demand for mechanical restraining anchors from masonry and precast concrete applications. In addition to that, mechanical restraining anchors are gaining traction as they eliminate the need for the removal and resetting of stone, brick, or precast panels.
Based on the application type, the market is segmented as masonry, natural stone, precast concrete, and others. Masonry is expected to remain the dominant application type in the market during the forecast period. Increasing investments in the maintenance and repair of existing building structures are the major growth driver for the use of restoration anchors for masonry applications.
In terms of regions, Europe is expected to remain the largest market for restoration anchors during the forecast period. The demand for restoration anchors is growing in the region due to the presence of several historical buildings, stringent government regulations, and growing disposable income of consumers leading to an increased demand for restoration of buildings. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and increasing investment in the maintenance of old and historical buildings.
The following are the key players in the restoration anchors market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s restoration anchors market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The restoration anchors market is segmented into the following categories.
Restoration Anchors Market, by Product Type
Restoration Anchors Market, by Application Type
Restoration Anchors Market, by Region
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The restoration anchors market is estimated to grow at a CAGR of 5.4% during 2021-2026.
Fisher Group, Helifix, Inc., PAM Ties Ltd., PROSOCO, Inc., Simpson Strong-Tie Company Inc., Sormat Oy, SureCPS Group, Target Fixings Ltd., Thor Helical Ltd., and Wykamol Group Ltd. are the leading restoration anchor suppliers.
Europe is estimated to remain dominant in the restoration anchors market in the foreseen future.