Cast In Channel Market Report
Cast-in Channel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026 See less
Cast-in Channel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
Cast-in Channel Market is Segmented by Product Type (Hot-Rolled Channels and Cold-Formed Channels), by Bolt Type (Standard Bolt, Notched Bolt, and Toothed Bolt), by Channel Anchor Type (Stud Anchor, I-Anchor, and Others), by End-User Type (Commercial, Infrastructure, Industrial, and Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Cast-in Channel Market is Segmented by Product Type (Hot-Rolled Channels and Cold-Formed Channels), by Bolt Type (Standard Bolt, Notched Bolt, and Toothed Bolt), by Channel Anchor Type (Stud Anchor, I-Anchor, and Others), by...
Cast-in Channel usually refers to rolled channels with anchors being riveted or welded on them. Nail holes in the channel aid in fixing the channel to the wooden or concrete substrates. The anchor channels are supplied with a special form of filler to prevent concrete ingress during casting. After the concrete is dried, fillers are removed from the channel leaving an open slot for fixture connections. Cast-in channel provides easy and safe fixations to structures such as concrete slabs.
In the year 2020, the construction industry witnessed a sharp plunge in the wake of the Covid-19 pandemic, resulting in a halt in infrastructure, commercial, and residential projects; disruption in the supply chain; and lockdown across the world. The cast-in channel market could not escape from the pandemic’s wrath and witnessed a steep fall of -6.8% in 2020, quite aligned with the decline in the construction industry. However; it is anticipated that the market will recover from the disruption brought by the COVID pandemic and will cross its 2019-sales figure in 2021 only, marking a sequential growth during the forecast period. Overall, the cast-in channel market is likely to recoup at a healthy CAGR of 7.8% during 2021-2026 to reach US$ 650 Million by 2026.
Based on the product type, the cast-in channel market is segmented as hot-rolled channels and cold-formed channels. The hot-rolled channel is expected to remain the larger segment of the market during the forecast period as the hot-rolled cast-in channel provides the reliability of performance for structural connections with more demanding dynamic, seismic, or oscillating loads. In addition to that, hot-rolled channels have superior strength, higher tightening torques, and are resistant to fatigue, seismic activities, and explosions.
Based on the bolt type, the market is segmented as standard bolt, notched bolt, and toothed bolt. Standard bolt is expected to remain the dominant bolt type in the market during the forecast period, owing to higher penetration in the commercial and infrastructure areas. Further, standard bolt cast-in channels are cheaper as compared to notched and toothed bolt cast-in channels.
Based on the channel anchor type, the market is segmented as stud anchor, i-anchor, and others. Stud anchor is expected to hold the major share of the market during the forecast period as they are predominantly used cast-in channel anchor type in the North American and European markets. Further, stud anchor provides more strength and anchorage as compared to other anchor types.
Based on the end-user type, the market is segmented as commercial, infrastructure, industrial, and residential. The Residential segment is expected to witness the highest growth during the forecast period owing to strong demand from applications such as curtain wall facades, elevators, and MEP applications. Increasing population coupled with rapid urbanization and revival of the construction sector are further expected to boost the demand for cast-in channels in the residential segment in the near future.
In terms of regions, Asia-Pacific is expected to be the fastest-growing market for cast-in channels during the forecast period. The demand for the cast-in channel is bolstering in the emerging economies, such as China and India, owing to expanding industrial sector, increase in construction activities, rapid urbanization, and growing population. North America and Europe are also likely to create healthy growth 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 channel market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s cast-in channel 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 channel market is segmented into the following categories.
Cast-in Channel Market, by Product Type
Cast-in Channel Market, by Bolt Type
Cast-in Channel Market, by Channel Anchor Type
Cast-in Channel Market, by End-User Type
Cast-in Channel Market, by Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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 firstname.lastname@example.org
The cast-in channel market is estimated to grow at a CAGR of 7.8% by 2026.
Halfen GmbH, Hilti Group, Guangdong KIN LONG Hardware Products Co., Ltd., JORDAHL International, and Fischer Group are the leading players in the cast-in channel market.
Europe is estimated to remain dominant in the cast-in channel market in the foreseen future.