What is Global Concrete Anchors/Fasteners Market?
The Global Concrete Anchors/Fasteners Market is a vast and dynamic sector that encompasses a wide range of products and applications. These products, known as concrete anchors or fasteners, are essential components used in construction and other industries to secure or fasten objects to concrete surfaces. The market for these products is truly global, with demand stemming from various regions around the world. The anchors and fasteners come in different types, each designed to meet specific needs and applications. They are typically made from strong and durable materials to ensure they can withstand the pressures and stresses they are subjected to.
Mechanical Anchors or Fasteners, Adhesive Anchors or Fasteners in the Global Concrete Anchors/Fasteners Market:
Mechanical Anchors or Fasteners and Adhesive Anchors or Fasteners are two major types of products in the Global Concrete Anchors/Fasteners Market. Mechanical anchors, as the name suggests, work mechanically. They are installed by drilling a hole in the concrete, inserting the anchor, and then expanding it with a setting tool. On the other hand, adhesive anchors use a bonding adhesive to secure the anchor in the concrete. These two types of anchors have their own unique advantages and are chosen based on the specific requirements of the application. For instance, mechanical anchors are often preferred for heavy-duty applications due to their high load-bearing capacity, while adhesive anchors are favored for applications that require a clean and aesthetic finish.
Residential, Commercial, Industrial, Infrastructure in the Global Concrete Anchors/Fasteners Market:
The Global Concrete Anchors/Fasteners Market finds usage in various areas including Residential, Commercial, Industrial, and Infrastructure sectors. In the residential sector, these anchors are used in home improvement projects and new constructions. They are used to secure everything from furniture and fixtures to heavy appliances. In the commercial sector, concrete anchors are used in office buildings, retail stores, and other commercial establishments to secure heavy equipment, shelving units, and other fixtures. In the industrial sector, these fasteners are used in factories and manufacturing plants to secure heavy machinery and equipment. Lastly, in the infrastructure sector, concrete anchors play a crucial role in the construction of bridges, highways, tunnels, and other public infrastructure projects.
Global Concrete Anchors/Fasteners Market Outlook:
To provide a snapshot of the Global Concrete Anchors/Fasteners Market, in 2022, the market was valued at US$ 2489 million. It is projected to grow to US$ 3175.8 million by 2029, expanding at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2029. This growth is driven by various factors, including increasing construction activities worldwide and the growing demand for durable and reliable fastening solutions. The market is dominated by a few key players, with the top four manufacturers holding a share of over 15%. In terms of product types, Mechanical Anchors or Fasteners is the largest segment, accounting for nearly 75% of the market. This dominance can be attributed to the high load-bearing capacity and versatility of mechanical anchors, making them suitable for a wide range of applications.
| Report Metric | Details |
| Report Name | Concrete Anchors/Fasteners Market |
| Accounted market size in 2022 | US$ 2489 in million |
| Forecasted market size in 2029 | US$ 3175.8 million |
| CAGR | 3.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Stanley Black & Decker, Hilti, ITW, Wurth, Acument Global Technologies, SANKO TECHNO, Gem-Year, Concrete Fastening Systems, Ancon, Fischer Fixings, Marmon, SFS, Anchor Group, Daring Architecture, Hua Wei, NJMKT, Shehkai Precision |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
