Construction Anchors Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2032
Over the forecast period of 2022-2032, the construction anchors market is expected to grow at a CAGR of 6.0% to reach a valuation of US$ 19.5 Bn by the end of 2032. The use of construction anchors is on the rise as engineers search for lightweight, corrosion-resistant methods of supporting engineered slopes and retaining walls.
The
audience seating at outdoor venues also benefits from the use of anchors, as they
provide a safe and secure way to keep people in their seats during an event.
Anchors can also be used to fasten large objects in place, such as sculptures
or signs.
The market
is witnessing growth due to the increasing demand for new build extensions and
project investment in developing countries. The building construction segment
is expected to hold the largest share of the global construction anchors market
over the forecast period.
“Increasing residential construction activities in
the development of smart cities, along with growing demand for construction
anchors made from sustainable materials will augment the growth in the market
over the forecast period,” says an FMI analyst.
Key Takeaways:
- By Application, retail sales are expected
to grow at a CAGR of 6.2% during
the forecast period.
- By product type, the metal segment is
anticipated to dominate the market of construction anchors and is further
expected to account for about 36.6%
of the market share.
- By sales channel, the retail segment is projected
to lead the construction anchors market and is further anticipated to create
an absolute dollar opportunity worth US$ 2,033.5 Mn in between the forecast period.
- In terms of region, construction anchor sales
in Europe are estimated to exhibit a CAGR of 6.3%.
Construction Anchors Market Competitive
Landscape
Among the
industry's key players are Stanley Black & Decker, Inc, Hilti Corporation,
Simpson Manufacturing Co., Inc, EJOT Holding GmbH & Co. KG, Misumi
Corporation, Ancon Limited, Fosroc Chemicals (India) Private Limited, Unika Co.
Ltd, UNIQUE FASTENERS P. LTD , Yuyao
City Xintai Hardware Co. Ltd, FIXDEX Fastening Technology, EMC Fasteners and
Tools, Ningbo Londex Industrial Co. Ltd, HASM Co. Ltd and others.
Manufacturers
are strategically collaborating with technology partners for long supply
relations and to instigate a central control unit for different ADAS
technologies.
Summary
The
research report analyses the market demand trend for the construction anchors.
The global market is based on COVID-19 impact, macroeconomic factors, market
trends & market background. As per Future Market Insights’ research scope,
the construction anchors market report is studied and analyzed in the following
segments such as by product type, application, sales channel & regions. The
construction anchors market report gives us qualitative and quantitative
information about the companies.
Access Full Report: https://www.futuremarketinsights.com/reports/construction-anchors-market
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