Construction Anchors Market Expected to Grow US$19.5 Million by 2032
DUBAI, United Arab Emirates, June 01, 2022 (GLOBE NEWSWIRE) — During the forecast period 2022-2032, the construction anchor market is expected to grow at a CAGR of 6.0% to reach a valuation of 19.5 billion US dollars by the end of 2032. The use of construction anchors is increasing as engineers search for lightweight, corrosion-resistant methods to support artificial slopes and retaining walls.
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 place during an event. Anchors can also be used to secure large objects in place, such as sculptures or signs.
The market is growing owing to the growing demand for new construction extensions and project investments in developing countries. The building construction segment is expected to hold the largest share in the global construction anchor market during the forecast period.
“Rising residential construction activities in the development of smart cities, along with growing demand for construction anchors made from sustainable materials will augment the market growth during the forecast period,” says an analyst from the IMF.
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Key points to remember:
· By application, retail sales are expected to grow at a CAGR of 6.2% over the forecast period.
By product type, the metals segment is expected to dominate the construction anchors market and is further expected to account for around 36.6% of the market share.
By sales channel, the retail segment is expected to dominate the construction anchors market and additionally is expected to create an absolute dollar opportunity worth $2,033.5 million between the forecast period.
· In terms of region, construction pillar sales in Europe are estimated to have a CAGR of 6.3%.
Construction Anchors Market Competitive Landscape
Manufacturers strategically collaborate with technology partners for long-term supply relationships and to set up a central control unit for different ADAS technologies.
The research report analyzes the trend of the market demand for Construction Anchors. The global market is based on the impact of COVID-19, macroeconomic factors, market trends and the market
Major industry players include 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.
Context. According to Future Market Insights research scope, the Construction Anchors market report is studied and analyzed into the following segments such as by product type, application, sales channel and regions. The Construction Anchors Market report gives us qualitative and quantitative insights about the businesses.
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Key segments covered in the Construction Anchors industry analysis
Construction Anchors Market by Product Type:
- Wedge anchors
- Undercut anchors
- Concrete screw
- Embedded anchors
- Anchors for sleeves and nails
- Cast anchors
- Injectable adhesive anchors
- Adhesive Anchor Caps
- light anchors
- Plugs (Nylon)
- Plugs for drywall
- Drywall screws
- Insulation anchors
- machine screws
Construction Anchors Market By Application:
- Building construction
- Public works
- Site Installation
Construction Anchors Market by Sales Channel:
- direct sales
- Sales to distributors
- Retail sales
- Visitor centers
- Online sales
Construction Anchors Market by Region:
- North America
- Latin America
- East Asia
- South Asia Pacific
- Middle East and Africa
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. USP/Product Features
4.3. Strategic promotional strategies
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