Middle East & Africa Construction Anchors Market Size & Outlook
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MEA construction anchors market highlights
- The MEA construction anchors market generated a revenue of USD 156.7 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 156.7 million |
| Market revenue in 2030 | USD 208.0 million |
| Growth rate | 4.1% (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, MEA region accounted for 5.2% 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 GDP of the Middle East & Africa is expected to grow at a low rate of 3.0% in 2023 after growing at 5.8% in 2022 owing to the increase in the export of oil and introduction of economic reform programs in countries such as Israel, Jordan, Mauritania, Morocco, and Tunisia.
Improved funding offered by the governments of countries of the region in the form of public-private partnerships, domestic capital, and private investments is anticipated to fuel the growth of the construction industry in the Middle East & Africa, thereby driving the demand for construction anchors in the region in the coming years.
The growth of construction anchors market in the Middle East & Africa can be attributed to new infrastructure development and construction projects being carried out in the region for the development of museums, convention centers, and hotels & resorts, as well as headquarters of multinational corporations.
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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 |
Middle East & Africa 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 39.82% in 2023.
Horizon Databook has segmented the Middle East & Africa 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 GDP of the Middle East & Africa is expected to grow at a low rate of 3.0% in 2023 after growing at 5.8% in 2022 owing to the increase in the export of oil and introduction of economic reform programs in countries such as Israel, Jordan, Mauritania, Morocco, and Tunisia.
Improved funding offered by the governments of countries of the region in the form of public-private partnerships, domestic capital, and private investments is anticipated to fuel the growth of the construction industry in the Middle East & Africa, thereby driving the demand for construction anchors in the region in the coming years.
The growth of construction anchors market in the Middle East & Africa can be attributed to new infrastructure development and construction projects being carried out in the region for the development of museums, convention centers, and hotels & resorts, as well as headquarters of multinational corporations.
- Middle East & Africa Construction Anchors Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hangers
- Mechanical
- Chemical
- Nail-in
- Wall
- Others (drywall plugs, drywall screws, and insulation anchors)
- Middle East & Africa Construction Anchors Market Material Type Outlook (Revenue, USD Million , 2018-2030)
- Stainless Steel
- Carbon Steel
- Others
- Middle East & Africa 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 Middle East & Africa Construction Anchors Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Construction Anchors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Construction Anchors Market, 2018-2030 (US$M)
MEA construction anchors market statistics, by product, 2018-2030 (US$M)
