Stratview Research has recently published a new research report on the Anchors Market that 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).
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.
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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.
Following are the key players in the Anchors Market:
- Hilti Corporation
- Wurth Group
- Fischer Group
- Illinois Tool Works Inc.
- Simpson Strong-Tie Co. Inc.
- Halfen GmbH
- Henkel AG & Company, KGaA
- EJOT Holding GmbH & Co. KG
- Sika AG
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