The global construction anchors market is expected to be worth $10.9 billion by 2022. The total construction anchors market will be worth US$ 19.5 billion by 2032, growing at a CAGR of 6.0 percent. By 2032, demand for metal construction anchors will account for more than 37% of the total construction anchors market share.
The growing preference for fast-paced construction is expected to drive growth in the construction anchors market. Many upcoming projects will require advanced construction fasteners and anchors for structural members as the construction industry evolves. Construction anchors are essential in connecting various objects or materials to drywalls or concrete.
In terms of revenue, the North American market is expected to dominate the global construction anchors market in 2022 and grow throughout the forecast period. The U.S. is projected to hold a 76.7% share of the North American market.
In terms of demand, the construction sector is witnessing a structural transformation. Significant growth in the Construction industry and the introduction of stringent government regulations are expected to positively impact the growth.
Rising demand for construction anchors in residential sectors, large public infrastructure projects, and commercial projects will push sales in the market over the forecast period. The construction anchors market accounts for 40% of its parent market of fasteners.
In 2021, the global construction anchors market is expected to reach US$ 10.3 billion. According to FMI, the construction anchors market is expected to grow at a 5.6 percent CAGR by volume during the assessment period.
The global construction anchors market is expected to expand significantly as a result of rising investments in residential and public infrastructure construction across emerging economies.
Governments all over the world have proposed new policies and plan to link rural and urban areas. Governments are investing in concrete roads to accomplish this. This is expected to boost sales of construction anchors.
Low lending rates, strong demand for larger homes, and low housing inventory in the United States continue to support the residential construction sector. Over the next few years.
Key Segments Covered in Construction Anchors Industry Analysis
Construction Anchors Market by Product Type:
- Wedge anchors
- Undercut anchors
- Concrete screws
- Drop-In Anchors
- Sleeve and Nail Anchors
- Cast-In Anchors
- Injectable adhesive anchors
- Capsule adhesive anchors
- Light Duty Anchors
- (Nylon) Plugs
- Drywall Plugs
- Drywall Screws
- Insulation Anchors
- Metal Screws
Construction Anchors Market by Application:
- Building Construction
- Civil Engineering
- Construction Installation
Construction Anchors Market by Sales Channel:
- Direct Sales
- Distributor Sales
- Retail Sales
- Home Centers
- Online Sales
Construction Anchors Market by Region:
- North America
- Latin America
- East Asia
- South Asia Pacific
- Middle East & Africa