Anchors Market Report
Anchors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Anchors Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Anchors Market is Segmented by Product Type (Cast-in-Place Anchors and Post-Installed Anchors), by Substrate Type (Concrete, Masonry, Natural Stone, and Others), by End-User Type (Infrastructure, Commercial, Residential, and Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Anchors Market is Segmented by Product Type (Cast-in-Place Anchors and Post-Installed Anchors), by Substrate Type (Concrete, Masonry, Natural Stone, and Others), by End-User Type (Infrastructure, Commercial, Residential, and Industrial), and by Region...
Anchors are used to providing 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.
The sudden outburst of the COVID-19 pandemic in 2020 has had a significant impact on the construction industry. The anchors market could not escape from such trends and witnessed a sharp plunge of -7.2% in 2020 amid the pandemic, in-line with the decline of the construction industry. However, the recovery from the disruption brought by the COVID pandemic is expected to commence from 2021 onwards. Overall, The anchors market is expected to recoup from 2021 onwards with a CAGR of 5.8% during 2021-2026 to reach a figure of US$ 4.6 billion in 2026.
Based on the product type, the anchors market is segmented as cast-in-place anchors and post-installed anchors. Post-installed anchor is expected to remain the larger segment of the market during the forecast period, owing to ease in 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.
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, high-temperature resistance, and excellent water resistance characteristics. In addition to that, the growing population coupled with urbanization and increasing per capita income is further expected to drive the market.
Based on the end-user type, the market is segmented as infrastructure, commercial, residential, and industrial. The infrastructure segment is expected to hold the major share of the market during the forecast period, owing to increasing investment towards infrastructure development especially in emerging economies and rehabilitation projects in developed economies
In terms of regions, Asia-Pacific is expected to be the fastest-growing market for anchors during the forecast period, owing to an expected recovery in the construction industry coupled with rapid urbanization and growing disposable income. 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.
The following are the key players in the anchors market.
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 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 1000 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 anchors market is segmented into the following categories.
Anchors Market, by Product Type
Anchors Market, by Substrate Type
Anchors Market, by End-User Type
Anchors Market, by Region
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The anchors market is estimated to grow at a CAGR of 5.8% by 2026.
Hilti Corporation, Wurth Group, Fischer Group, Illinois Tool Works Inc., and Simpson Strong-Tie Co. Inc. are the leading players in the anchors market.
Europe is estimated to remain dominant in the anchors market in the foreseen future.