Market Highlights
"The global cast-in channel market is estimated to grow at a healthy CAGR of 5.7% during the forecast period to reach a value of US$ 656.8 million in 2028."
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.
Major factors, such as the growing construction industry and increasing spending on infrastructure development are likely to be the major demand generators for cast-in channels during the forecast period. In addition, cast-in channels have the ability to distribute loads evenly across the structure, which can help to reduce stress and increase the overall stability and durability of the building. They are also relatively easy to install and require minimal maintenance, making them a cost-effective solution for many construction projects.
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 lockdowns across the world. Due to the pandemic, the cast-in channel market witnessed a decline of -9.3% in 2020, quite aligned with the decline in the construction industry. However, the market got recovered from the disruption brought on by the COVID-19 pandemic and crossed its 2019 sales figure in 2021 only.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Product-Type Analysis
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Hot-rolled and Cold-formed
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Hot-rolled is likely to remain the largest segment by product type in the years to come.
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Bolt-Type Analysis
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Standard bolt, Notched bolt and Toothed bolt
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Standard bolt is expected to maintain their dominance during the forecast period.
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Channel Anchor-Type Analysis
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Stud anchor, I-anchor and Others
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Stud anchor is anticipated to hold the major share in the market during the forecast period.
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End-User-Type Analysis
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Infrastructure, Commercial, Residential, and Industrial
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Residential is expected to be the fastest-growing segment during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and Rest of the World
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Europe is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
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Product Trends
"The hot-rolled channel segment accounted for the largest market share."
The cast-in channel market is segmented as hot-rolled and cold-formed based on the product type. The hot-rolled channel is expected to remain the largest segment in the market during the forecast period, as hot-rolled cast-in channels provide 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, high tightening torques, and are resistant to fatigue, seismic activities, and explosions.
Bolt Trends
"The standard bolt segment accounted for the largest market share."
The market is segmented as standard bolt, notched bolt, and toothed bolt. The standard bolt is expected to remain the dominant bolt type in the market during the forecast period due to the growing demand from various applications in commercial building construction. In addition to that, standard bolt cast-in channels are cheaper as compared to notched and toothed bolt cast-in channels.
Channel Anchor Trends
"Stud anchor segment accounted for the largest market share."
The market is segmented as stud anchor, i-anchor, and others. Stud anchor is expected to remain the dominant channel anchor type in the market during the forecast period, as they are mostly used cast-in channel anchor types in North American and European markets. Further, stud anchors provide more strength and anchorage as compared to other anchor types.
End-User Trends
"The residential segment accounted for the largest market share."
The market is segmented as commercial, infrastructure, industrial, and residential. The residential segment is expected to witness the highest CAGR in the market during the forecast period due to demand for various applications in residential construction such as curtain wall facades, elevators, MEP applications, etc. The increasing population coupled with urbanization and the growing construction sector is further expected to increase the demand for cast-in channels for the residential segment.
Regional Insights
"Asia-Pacific accounted for the largest market share."
Asia-Pacific is expected to be the fastest-growing market for the cast-in channel market during the forecast period. The demand for the cast-in channel is growing in emerging economies such as China and India owing to expanding industrial sector, increase in construction activities, rapid urbanization, and increasing population. In addition to that, improving economic conditions is 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.
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 cast-in-channel market.
- Halfen GmbH
- Hilti Group
- Guangdong KIN LONG Hardware Products Co., Ltd.
- JORDAHL International
- Fischer Group
- Nanjing Mankate Science & Technology Co., Ltd. (NJMKT)
- Terwa B.V.
- ACS Stainless Steel Fixings Ltd.
- HAZ Metal Fixing Systems
- Steel Sections (Warley) Limited
Note: The above list does not necessarily include all the top players of the market.
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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.
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth analysis of the Cast-in Channel Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional and country level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Research Methodology
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. 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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