North America Construction Anchors Market Size & Outlook
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North America construction anchors market highlights
- The North America construction anchors market generated a revenue of USD 890.6 million in 2023.
- The market is expected to grow at a CAGR of 3.7% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 890.6 million |
| Market revenue in 2030 | USD 1,147.5 million |
| Growth rate | 3.7% (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, North America region accounted for 29.6% 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.
North America is one of the prominent regional markets for mechanical anchors owing to higher market penetration in the developed economies of the region such as the U.S. and Canada. Growing construction activities in developing economies such as Mexico is the key factor driving the adoption of mechanical anchors.
Rising investment on the renovation of existing residential buildings and increasing disposable incomes are the major factors contributing to the growth of this market. The use of anchors for safety and structural integrity has been mandated by building rules and regulations. Compliance with these rules ensures that anchors are widely used in construction projects.
According to the American Standards Association, the American Standard Building Code Requirements for Minimum Design Loads in Buildings and Other Structures specifies assumptions for dead, live, wind, and earthquake loads that can be used in building codes.
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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 |
North 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 39.5% in 2023.
Horizon Databook has segmented the North 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.
North America is one of the prominent regional markets for mechanical anchors owing to higher market penetration in the developed economies of the region such as the U.S. and Canada. Growing construction activities in developing economies such as Mexico is the key factor driving the adoption of mechanical anchors.
Rising investment on the renovation of existing residential buildings and increasing disposable incomes are the major factors contributing to the growth of this market. The use of anchors for safety and structural integrity has been mandated by building rules and regulations. Compliance with these rules ensures that anchors are widely used in construction projects.
According to the American Standards Association, the American Standard Building Code Requirements for Minimum Design Loads in Buildings and Other Structures specifies assumptions for dead, live, wind, and earthquake loads that can be used in building codes.
- North 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)
- North America Construction Anchors Market Material Type Outlook (Revenue, USD Million , 2018-2030)
- Stainless Steel
- Carbon Steel
- Others
- North 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 North America Construction Anchors Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Construction Anchors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Construction Anchors Market, 2018-2030 (US$M)
North America construction anchors market statistics, by product, 2018-2030 (US$M)
