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    Mechanical Anchor Market Report

    Mechanical Anchor Market Report
    Report code - SR1139 Published On : May,2022 No. of Pages: 114
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    Mechanical Anchors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Highlights

     

    Anchors are used to connecting structural elements of base material to masonry and concrete in buildings and structures. The basic purpose of an anchor is to provide a means of attachment between two or more separate elements. Mechanical anchors use friction to anchor themselves in place. They are used to expand in diameter when they are pushed into the hole. This expansion grips the base material tightly and causes the anchor to be firmly wedged in place.

    In the year 2020, the outbreak of the COVID-19 pandemic hit hard the construction industry. Supply chain disruption, suspension of infrastructure and commercial projects, limited demand for new buildings, labor and material shortages, and lockdowns across the world were some of the major consequences of the Covid-19 pandemic. The mechanical anchor market was no exception to it and the impact of the pandemic has been recorded across the supply chain including the demand for mechanical anchors, with a decline of -9.0% in 2020.

    However, the market got recovered from the disruption brought by the COVID pandemic in the year 2021 due to a revival in consumer confidence, economic recovery, inline construction and infrastructure projects, and supply chain on track. The mechanical anchors market is estimated to grow at a healthy CAGR of 4.8% during the forecast period to reach a value of US$ 2.8 Billion in 2027. Major factors, such as the growing construction industry and increasing spending on infrastructure development are likely to be the major demand generators for mechanical anchors during the forecast period. In addition, rapid urbanization and industrialization, population growth, and a rise in disposable income are further expected to fuel the growth of the mechanical anchors market. 

    Segments' Analysis

     

    Based on the product type, the market is segmented as expansion anchor, screw anchor, undercut anchor, and others. Expansion anchor is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period, owing to extensive usage in concrete and masonry substrates. In addition to that, increasing demand from various end-users due to reliability and wide applicability is further expected to propel the demand for expansion anchors during the forecast period.  

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

    Based on the end-user type, the market is segmented as infrastructure, commercial, residential, and industrial. Infrastructure held the largest share of the market, due to increased spending on infrastructure projects, a boost in infrastructure development, especially in emerging economies, coupled with urbanization, and economic expansion.

    In terms of regions, Europe is expected to remain the largest market for mechanical anchors over the forecast period. Major factors such as increasing construction activities, growing disposable income, and rapid urbanization and industrialization are driving the region’s market. In addition to that, Europe is home to leading players such as Hilti Group, Wurth Group, and Fischer Group. Asia-Pacific is expected to witness the highest growth during the same period due to major factors such as growing construction projects in the developing economies, rapid economic growth, and increasing population.

    Key Players

    The mechanical anchors Market is moderately fragmented with the top five players securing a fair share in 2021. All the major mechanical anchor manufacturers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning. However, some of the most common strategies adopted by them include new product developments, development of a vast product portfolio, and execution of M&As to quickly gain market share. For instance, Simpson Strong-Tie acquired Etanco Group in the year 2022.

    The following are some of the key players in the mechanical anchors market:

    • Hilti Corporation
    • Würth Group
    • Fischer Group
    • Illinois Tool Works Inc.
    • Simpson Strong-Tie Co. Inc

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s mechanical anchors market realities and future market possibilities for the forecast period of 2022 to 2027. 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 12 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 anchors market is segmented into the following categories:

    Mechanical Anchors Market, by Product Type

    • Expansion Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Screw Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Undercut Anchor (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Mechanical Anchors Market, by Substrate Type

    • Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Masonry (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Natural Stone (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Mechanical Anchors Market, by End-User Type

    • Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Mechanical Anchors 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: China, Japan, 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 sales@Stratviewresearch.com

     

    Frequently Asked Questions (FAQs)

    The mechanical anchors market is estimated to grow at a healthy CAGR of 4.8% over the next five years to reach a value of US$ 2.8 Billion in 2027 owing to expanding worldwide construction industry, rise in capital expenditure on infrastructure development, increasing demand for commercial and residential construction due to rapid urbanization, and an expected rebound in the economy.

    Hilti Corporation, Wrth Group, Fischer Group, Illinois Tool Works Inc., and Simpson Strong-Tie Co. Inc. are some of the key players in the market. The key players have the capabilities to manufacture all types of mechanical anchors, serving a wide range of applications for various end-users.

    Europe is dominant and will remain dominant in the mechanical anchors market during the forecast period. The presence of major players in the region and increasing investment in infrastructure and rehabilitation projects are likely to remain the growth engines of the regions market.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years. China and India are the key demand generators due to increasing infrastructure projects and commercial developments and the growing industrial construction sector due to rapid industrialization. In addition to that, increasing demand for residential construction is further expected to fuel the regions market growth.

    Expansion anchor is expected to be the largest segment in the mechanical anchor market in the coming years.

    Infrastructure is likely to maintain its dominance in the market in the next five years owing to rapid economic growth coupled with rising infrastructure development, especially in emerging economies such as China and India.