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    Mechanical Anchor Market Report

    Mechanical Anchor Market Report
    Report code - SR1139 Published On : Oct,2021 No. of Pages: 135
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    Mechanical Anchor Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Impact of COVID-19 on Mechanical Anchor Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Mechanical Anchor Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Mechanical anchors are used to connecting one or more structural or non-structural elements to base materials such as concrete or brick. The basic purpose of an anchor is to provide a means of attachment between two or more separate elements. Anchors are typically used to secure objects to materials that are normally resistant to screws or nails.

    In 2020, the sudden outburst of the COVID-19 pandemic hit hard the construction industry. Supply chain sabotage, halt in infrastructure and commercial projects, lockdown across the world, and employee layoffs were some of the major consequences of the Covid-19 witnessed across the industry. The mechanical anchor market was no exception to it and logged a massive decline of -7.4% in 2020 amid the pandemic, quite aligned with the decline in the construction industry.

    However, the industry is likely to gradually recover from 2021 onwards with the revival in consumer confidence and supply chain on track. It is anticipated that the market will cross its 2019-sales figure in 2021 only, marking a consistent growth during the forecast period. Overall, the mechanical anchor market is likely to rebound at a promising CAGR of 5.8% in the long run to reach US$ 2.6 Billion in 2026.

    Market Segments' Analysis

    Based on the product type, the mechanical anchor market is segmented as expansion anchors, screw anchors, undercut anchors, and other anchors. Expansion anchor is expected to remain the largest as well as the fastest-growing product type in the market during the forecast period, owing to increasing demand from various applications coupled with an expected recovery in the construction industry. 

    Based on the substrate type, the market is segmented as concrete, masonry, natural stone, and others. Concrete is expected to remain the dominant substrate type in the market during the forecast period. Concrete is the most commonly used construction material as it poses high compressive strength.

    In terms of regions, Europe is expected to remain the largest market for mechanical anchors during the forecast period. The demand for mechanical anchors is growing in the region due to increasing construction activities, growing disposable income of consumers, and rapid urbanization and industrialization. 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.

    Key Players

    The following are the key players in the mechanical anchor market.

    • Hilti Corporation
    • Würth Group
    • Fischer Group
    • Illinois Tool Works Inc. (ITW)
    • Simpson Strong Tie Co Inc.
    • Halfen GmBH
    • Fastenal Company
    • DEWALT
    • EJOT Holding GmbH & Co. KG
    • SANKO TECHNO Co. Ltd.
     

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s mechanical anchor 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 10 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.

    Report Features

    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:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The mechanical anchor market is segmented into the following categories. 

    Mechanical Anchor Market, by Product Type

    • Expansion Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Screw Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Undercut Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Anchors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mechanical Anchor Market, by Substrate Type

    • Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Masonry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Natural Stone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mechanical Anchor Market, by End-Use Type

    • Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Mechanical Anchor Market, by Region

    • North America (Country Analysis: The USA and Canada)
    • Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]

    Frequently Asked Questions (FAQs)

    The mechanical anchor market is estimated to grow at a CAGR of 7.5% during 2021-2026.

    Hilti Corporation, Wrth Group, Fischer Group, Illinois Tool Works Inc., and Simpson Strong Tie Co Inc., are the leading players in the mechanical anchor market.

    Europe is estimated to remain dominant in the mechanical anchor market in the foreseen future.

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