Construction Anchors Market Size, Share, and Industry Analysis, By Type (Mechanical Anchors, Adhesive Anchors, Powder-Actuated Anchors, and Others), By Material (Steel and Stainless Steel, Plastic, Zinc-Plated, and Others), By Application (Residential Construction, Commercial Construction, Infrastructure Construction, Industrial Construction, and Others), and Regional Forecast, 2024-2032

Construction anchors, also called construction fasteners, are an essential component used to attach various structures and materials such as concrete, brick, steel, and blocks in construction projects. They are used in a wide range of applications, including load-bearing and non-load-bearing connections, ensuring the stability and integrity of construction elements. The equipment is used to ensure the safety and stability of buildings and structures and is used in applications such as residential construction, commercial construction, infrastructure construction, and industrial construction, among others.

Rapid urbanization, population growth, and rising investment in infrastructure development across developing countries such as India, Brazil, Japan, and others is an important factor that fuels the growth of the market. According to industry experts, the global construction investment stood at USD 9.7 trillion in 2022 and is projected to reach up to USD 13.9 trillion by 2037. In addition to new constructions, the renovation and retrofitting of existing buildings and structures contributes to the demand for construction anchors. Moreover, government initiatives and investments in infrastructure projects such as bridges, tunnels, and roads raise the demand for anchors to effectively attach structures, fueling the growth of the market.

The COVID-19 pandemic negatively impacted the global construction anchors market owing to halt on manufacturing activities. Other factors which affected industry expansion comprised the delay of many construction projects, disruptions in the supply chain of raw materials, and demand fluctuations across various applications. However, the pandemic also accelerated the adoption of construction fasteners with more people spending time at home during lockdowns. There was an increased demand for home renovations and retrofitting projects, which required the use of construction anchors for various installations and fixings. All such factors positively influenced industry growth, leading to a mixed impact on the market.

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Consolidated SWOT Analysis of Key Players

Segmentation

Analysis by Type:

Based on type, the market is segmented into mechanical anchors, adhesive anchors, powder-actuated anchors, and others. Others segment includes concrete screws, and masonry nails.

The mechanical anchors segment is projected to dominate the market. Anchors are widely used in various construction applications as they are reliable, versatile, and easy to install. Increasing construction-related activities across the globe are driving the growth of this segment.

The adhesive anchors segment is anticipated to grow steadily during the forecast period. This is owing to their advantages, such as high bond strength, versatility, load distribution, ease of installation, and quicker turnaround time.

The powder-actuated anchors (shot-fired anchors) segment is projected to grow moderately during the forecast period. The solutions are cost-effective, versatile, easy to use, and fuelled by rising demand from the infrastructure sector.

The others segment includes concrete saws and masonry nails. The segment is projected to grow decently owing to the rising demand for renovation and investment in infrastructure development.

Regional Analysis

The global construction anchors market has been studied across five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

The Asia Pacific region is projected to dominate the market owing to factors such as rising construction-related activities and increasing government investments in the construction of new roads, highways, and bridges.

The North America market is anticipated to grow steadily due to government initiatives for investment in road construction and bridges. Furthermore, rapid urbanization across Mexico is driving rising investments in infrastructure development, propelling regional growth.

The Europe market is projected to grow moderately during the forecast period. This is owing to increasing renovation and investment in the construction sector and a surge in the demand for concrete anchors.

The Middle East & Africa and South America markets are anticipated to grow decently owing to the rising construction of new roadways and bridges.

Distribution of the Global Construction Anchors Market, By Region of Origin:

• North America – 26%


• Europe  – 21%


• Asia Pacific – 34%


• Middle East & Africa – 13%


• South America – 6%

Key Players Covered

The key players in this market include Hilti Corporation, Stanley Black & Decker Inc, Illinois Tool Works Inc, Misumi Corporation, Fixdex Fastening Technology, Simpson Manufacturing Co. Ltd, Ancon Limited, Unika Co. Ltd, MKT Fastening LLC, and Ejot Holding GmbH & Co. KG.

Key Industry Developments

• February 2023: Hilti North America, a subsidiary of Hilti, introduced a new Kwik X dual-action anchor system for the construction sector. This anchor reduces installation time by up to 70% and also cuts 20% of the overall operational costs.


• January 2023: Dewalt, a subsidiary of Stanley Black & Decker Inc., introduced new products for construction and concrete applications. These include tools, anchors, and accessories used for concrete and masonry work. The company introduced the PURE220+ premium epoxy anchor for the construction sector.