Latin America Construction Anchors Market Size & Outlook
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- Construction Anchors Market Outlook
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Latin America construction anchors market highlights
- The Latin America construction anchors market generated a revenue of USD 96.9 million in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, mechanical was the largest revenue generating product in 2023.
- Chemical is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 96.9 million |
| Market revenue in 2030 | USD 125.9 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Mechanical |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hangers, Mechanical, Chemical, Nail-in, Wall, Others (drywall plugs, drywall screws, and insulation anchors) |
| Key market players worldwide | Hilti Group, Stanley Black & Decker, Illinois Tool Works Inc, Wurth Group, Fischer Group of Companies, MKT Fastening LLC, SFS Group AG, Friulsider, Ceas, Sika AG |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.2% of the global construction anchors market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,264.4 million by 2030.
The construction industry in Central & South America is anticipated to witness substantial growth during the forecast period owing to its flourishing construction industry. The market in the region is projected to grow at a CAGR of 3.7% over the forecast period.
Emerging economies, such as Argentina, Brazil, and Peru, are witnessing population growth and rapid urbanization. These factors are triggering the construction of commercial units in these countries, thereby fueling the demand for construction anchors in the region.
Increasing construction of new buildings in Central & South America, coupled with the restoration of existing structures, is driving the demand for construction anchors. This fuels the growth of the market in the region. As countries such as Brazil, Argentina, and Chile have a skilled labor force, it leads to the local production of construction anchors that are exported to other parts of the world.
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Publish Date: Aug 16, 2024
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Construction Anchors Market Scope
Construction Anchors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Stanley Black & Decker | View profile | 50,500 | 1000 Stanley Drive, New Britain, CT, United States, 06053 | www.stanleyblackanddecker.com |
| Illinois Tool Works Inc | View profile | 45,000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | www.itw.com |
| Sika AG | View profile | 33,547 | Zugerstrasse 50, Baar, Switzerland, 6340 | www.sika.com |
| SFS Group AG | View profile | 13,198 | Rosenbergsaustrasse 8, Heerbrugg, Switzerland, 9435 | www.sfs.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| MKT Fastening LLC | View profile | 11-50 | Lonoke, Arkansas, United States, North America | www.mktfastening.com/ |
| Wurth Group | View profile | 10001+ | Künzelsau, Baden-Wurttemberg, Germany, Europe | www.wuerth.de/web/de/awkg/kontakt/kontakt.php |
| Fischer Group of Companies | View profile | 251-500 | Germany, Georgia, United States, North America | www.fischer.group/en/ |
| Friulsider | View profile | 101-250 | San Giovanni Al Natisone, Friuli-Venezia Giulia, Italy, Europe | www.friulsider.com |
| Ceas | View profile | 11-50 | Milano, Lombardia, Italy, Europe | www.ceas.it |
Latin America Construction Anchors Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Construction Anchors Market Outlook will help companies and investors design strategic landscapes.
Mechanical was the largest segment with a revenue share of 39.32% in 2023.
Horizon Databook has segmented the Latin America construction anchors market based on hangers, mechanical, chemical, nail-in, wall, others (drywall plugs, drywall screws, and insulation anchors) covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Central & South America is anticipated to witness substantial growth during the forecast period owing to its flourishing construction industry. The market in the region is projected to grow at a CAGR of 3.7% over the forecast period.
Emerging economies, such as Argentina, Brazil, and Peru, are witnessing population growth and rapid urbanization. These factors are triggering the construction of commercial units in these countries, thereby fueling the demand for construction anchors in the region.
Increasing construction of new buildings in Central & South America, coupled with the restoration of existing structures, is driving the demand for construction anchors. This fuels the growth of the market in the region. As countries such as Brazil, Argentina, and Chile have a skilled labor force, it leads to the local production of construction anchors that are exported to other parts of the world.
- Latin America Construction Anchors Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hangers
- Mechanical
- Chemical
- Nail-in
- Wall
- Others (drywall plugs, drywall screws, and insulation anchors)
- Latin America Construction Anchors Market Material Type Outlook (Revenue, USD Million , 2018-2030)
- Stainless Steel
- Carbon Steel
- Others
- Latin America Construction Anchors Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- Infrastructural
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Construction Anchors Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Construction Anchors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Construction Anchors Market, 2018-2030 (US$M)
Latin America construction anchors market statistics, by product, 2018-2030 (US$M)
