Cast In Place Anchor Market Report
Cast-in-Place Anchor Market is Segmented by Product Type (Headed Bolt Anchor and Hooked Anchor), by End-User Type (Infrastructure, Industrial, Residential, and Commercial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Cast-in-Place Anchor Market is Segmented by Product Type (Headed Bolt Anchor and Hooked Anchor), by End-User Type (Infrastructure, Industrial, Residential, and Commercial), and by Region (North America, Europe, Asia-Pacific, and ...
Impact of COVID-19 on Cast In Place 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.
Cast-in anchors are fixed in the concrete when the floors or walls are constructed. Anchor bolts are firmly held in place while the concrete is poured to maintain proper alignment and position. Cast-in anchors are majorly used when large embedment lengths and high tensile strengths are required for a given load. The location and size of the anchor are determined based on construction drawings and project requirements.
In 2020, the COVID-19 pandemic hit the construction industry hard, causing unimaginable disruption and losses for the stakeholders. The cast-in anchors market could not escape from such a trend and logged a steep plunge of -4.4% in 2020 amid the pandemic. However, the market is expected to get back on its growth trajectory from 2021 onwards. It is anticipated that the market will cross its 2019-sales figure in 2021 only, marking a sequential growth in the coming years Overall, the cast-in-place anchor market is likely to rebound at a promising CAGR of 5.0% during 2021-2026 to reach US$ 266 Million in 2026.
Based on the product type, the cast-in-place anchor market is segmented as headed bolt anchor and hooked anchor. Headed bolt anchor is expected to remain the larger and the faster-growing product type in the market during the forecast period, owing to ease in installation, increasing demand from various end-user applications, and an expected recovery in the construction industry. Headed bolt anchors are the construction fasteners that attribute a head to the non-threaded end. The headed part is installed into concrete or masonry so that a steel column, beam, bolt, rail, or other structural elements may be secured in place.
Based on the end-user type, the market is segmented as infrastructure, industrial, commercial, and residential. Industrial is expected to remain the biggest demand generator for cast-in-place anchors during the forecast period, owing to rising investments in industrial projects, especially in the emerging economies, such as India, China, and Brazil. Expected recuperation in the economy and rising urbanization and industrialization are the major factors driving the growth of the cast-in-place anchors market in these economies.
In terms of regions, Asia-Pacific is expected to witness the highest growth during the forecast period. The demand for the cast-in-place anchor is growing in the region due to increasing construction activities, growing disposable income, and rapid urbanization and industrialization. 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 Cast-in-Place Anchor market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cast-in-place 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 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 cast-in-place anchor market is segmented into the following categories.
Cast-in-Place Anchor Market, by Product Type
Cast-in-Place Anchor Market, by End-User Type
Cast-in-Place Anchor Market, by Region
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The Cast-in-Place Anchor market is estimated to grow at a CAGR of 5% during 2021-2026.
Hilti Group, Simpson Strong-Tie, Illinois Tool Works Inc., Birmingham Fastener, and Williams Form Engineering Corp. are the leading players in the cast-in-place anchor market.
Europe is estimated to remain dominant in the cast-in-place anchor market in the foreseen future.