Anchors Market Analysis | 2023-2028

Market Highlights

"The global anchors market is estimated to grow at a healthy CAGR of 5.0% during the forecast period to reach a value of US$ 4.9 billion in 2028."

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What is an anchor?

Anchors are used to provide a means of attachment between two or more separate elements. Anchors are of two types: cast-in-place anchors and post-installed anchors. Cast-in-place anchors are cast in the wet concrete before the latter sets. These types of anchors are installed in the foundation, which is then filled with wet concrete, only leaving the projecting thread of the anchor bolt exposed. Post-installed anchors are anchor bolts that are installed after a base has been set. A hole is drilled into the substrate, such as concrete, and masonry, and then the anchor is installed into the hole.

Market Dynamics

Major factors, such as the growing construction industry and increasing spending in infrastructure development are likely to be the major demand generators for 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 anchors market.

The opportunities for the anchors identified include the market occasioned by growth in the construction and infrastructure businesses. The growth of the population in urban areas and the construction of new commercial and residential facilities evoke the need to find efficient anchoring systems. With developments in the types of anchors and their construction, there are improvements in performance and versatility in various circumstances. On the same note, wind and solar installations within the renewable energy sector are also responsible for the market progress. Furthermore, existing building improvements and new construction projects in developed countries also require new anchoring systems.

Covid-19 Impact

The sudden outburst of the COVID-19 pandemic in 2020 has had a significant impact on the construction industry. Supply chain disruption, suspension of construction projects, limited demand for residential construction, labor and material shortages, and lockdowns across the world were some of the major consequences of the pandemic witnessed across the industry. Anchors market could not escape from such trends and witnessed a decline of -9.6% in 2020 amid the pandemic, quite aligned with the decline in the construction industry. However, the market got recovered from the disruption brought on by the COVID-19 pandemic in the year 2021.

Segment Analysis

Product Trends

"The post-installed anchor segment accounted for the largest market share."

The anchors market is segmented into cast-in anchors and post-installed anchors. Post-installed anchor is expected to remain the dominant segment in the market during the forecast period owing to the ease of installation, flexibility, and rapid construction. In addition to that, post-installed anchors can be precisely located and can be used for both new construction as well as old construction.

Substrate Trends

"The concrete segment accounted for the largest market share."

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, high-temperature resistance, and excellent water resistance characteristics. In addition to that, a growing population coupled with urbanization and increasing per capita income is further expected to drive the market.

End-User Trends

"The infrastructure segment accounted for the largest market share."

The market is segmented as infrastructure, commercial, residential, and industrial. Infrastructure held the largest share of the market, due to increasing investment in infrastructure development, especially in emerging economies coupled with economic growth and urbanization.

Regional Analysis

"Europe accounted for the largest market share."

Europe is expected to remain the largest market over the next five years, whereas Asia-Pacific is expected to be the fastest-growing market for anchors during the forecast period due to the growing number of construction activities in the region. In addition to that, the growing population in key economies such as China and India and improving economic conditions are also expected to drive the market during the forecast period. North America and Europe are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the anchors market.

• Hilti Corporation
• Würth Group
• Fischer Group
• Illinois Tool Works Inc.
• Simpson Strong Tie Co. Inc
• Halfen Gmbh
• Henkel AG & Company, KGaA
• EJOT Holding GmbH & Co. KG
• DEWALT
• Sika AG

Recent Market JVs and Acquisitions:

In 2021, Würth Group in order to expand its product offerings in the construction industry, acquired Atlantic Fasteners, an anchor bolt manufacturer, as well as a distributor of standard and specialty fasteners. 

In 2017, Simpson Strong-Tie acquired Gunnebo, a manufacturer of premium-quality nails, screws, collated fasteners, and mechanical and chemical anchors. The acquisition strengthened Simpson’s construction products line-up.

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.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s anchors market realities and future market possibilities for the forecast period. 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.

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

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