Post-Installed Anchors Market is Forecast to Reach US$ 4.7 Billion in 2028, Says Stratview Research

The Post-Installed Anchors Market is likely to grow at a significant CAGR of 5.0% during 2023-2028, to reach US$ 4.7 Billion in 2028, states Stratview Research.

DETROIT, Nov. 28, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the post-installed anchors market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

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Report Highlights

Segment Insights on Post-Installed Anchors Market

The post-installed anchors market is segmented based on product type, substrate type, end-user type, and region.

Based on product type- The market is segmented into the mechanical anchor and chemical anchor. Mechanical anchor is expected to remain the largest segment in the market during the forecast period owing to the ease of installation, increasing demand from various end-use applications, and expanding construction industry globally.

In addition to that, mechanical anchors are usually cheaper than chemical anchors, provide stable performance, and are best for time-critical projects as one can apply loads to mechanical fasteners immediately after installation. 

Based on 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 used construction material as it poses high compressive strength, high-temperature resistance, and excellent water resistance characteristics. In addition, growing urbanization coupled with increasing disposable income of the consumer is further expected to drive the market. 

Based on end-user type- The market is segmented as infrastructure, commercial, residential, and industrial. Infrastructure held the largest share of the market. Major factors, such as increasing focus on infrastructural development, population growth, economic expansion, and urbanization are expected to fuel the growth of the post-installed anchors market during the forecast period. 

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Which Region Offers the Best Opportunity and Growth?

The report suggests that Europe is expected to remain the most dominant in the market over the forecast period and it held the highest market share of more than 35% in 2022. 

This growth is majorly attributed to the following –

• Europe holds the major chunk of the market, driven by the organic growth of the construction industry.
• Revamp in rehabilitation projects.
• Increasing demand for DIY products.
• The top 3 players are headquartered in Europe: Hilti Corporation, Würth Group, and Fischer Group.

Asia-Pacific is expected to be the fastest-growing market for the post-installed anchors market during the forecast period. The demand for post-installed anchors is growing in the region owing to the growing construction industry, rapid urbanization, and industrialization in key economies such as China and India.

In addition to that, rapid economic growth is also expected to drive the market during the forecast period. North America will also likely create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry.

Post-Installed Anchors Market Drivers

Some of the key drivers listed in the report are given below.

• A rise in spending on infrastructure development and increasing demand from commercial and residential construction sectors.
• Rapid urbanization.
• Increasing disposable income.
• Increasing global population.

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Top 10 Companies in Post-Installed Anchors Market?

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.

The following are the key players in the market-

• Simpson Strong Tie Co. Inc
• Würth Group
• Hilti Corporation
• Fischer Group
• Illinois Tool Works Inc.
• Halfen Gmbh
• Henkel AG & Company, KGaA
• EJOT Holding GmbH & Co. KG.
• DEWALT
• Sika AG

What Deliverables Will You Get in this Report?

Related reports which might be useful:

• Cast-in-Place Anchors Market
• Anchors Market
• Aircraft Interior Fasteners Market

Aircraft Interior Fasteners Market 

Aircraft Interior Fasteners Market 

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