Saudi Arabia Construction Anchors Market Size & Outlook
- Materials
- Construction Materials
- Construction Anchors Market Outlook
- Construction Materials
Global Market
Related Markets
Ask a question about the construction anchors market
Saudi Arabia construction anchors market highlights
- The Saudi Arabia construction anchors market generated a revenue of USD 49.5 million in 2023 and is expected to reach USD 67.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.6% 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.
Construction anchors market data book summary
| Market revenue in 2023 | USD 49.5 million |
| Market revenue in 2030 | USD 67.7 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Mechanical |
| Fastest growing segment | Chemical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 1.6% of the global construction anchors market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia construction anchors market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 67.7 million by 2030.
Saudi Arabia is expected to account for a significant share of construction anchors market in the Middle East & Africa in the coming years owing to continued investments by the government of the country in infrastructure development projects.
In October 2021, the Government of Saudi Arabia announced an investment of over USD 1 trillion in its tourism industry over the next 10 years. This is expected to lead to construction activities related to the hospitality and retail industries in the country, thereby driving the growth of construction anchors market in Saudi Arabia in the coming years.
Moreover, the Government of Saudi Arabia has also introduced the White Land Tax initiative to address the housing shortage in the country. This is expected to support the growth of the construction industry in Saudi Arabia. Moreover, ongoing urbanization, increasing population, and growing economy are further anticipated to fuel the demand for construction anchors in the country in the coming years.
No credit card required*
Publish Date: Aug 16, 2024
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Saudi Arabia 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 40.0% in 2023.
Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is expected to account for a significant share of construction anchors market in the Middle East & Africa in the coming years owing to continued investments by the government of the country in infrastructure development projects.
In October 2021, the Government of Saudi Arabia announced an investment of over USD 1 trillion in its tourism industry over the next 10 years. This is expected to lead to construction activities related to the hospitality and retail industries in the country, thereby driving the growth of construction anchors market in Saudi Arabia in the coming years.
Moreover, the Government of Saudi Arabia has also introduced the White Land Tax initiative to address the housing shortage in the country. This is expected to support the growth of the construction industry in Saudi Arabia. Moreover, ongoing urbanization, increasing population, and growing economy are further anticipated to fuel the demand for construction anchors in the country in the coming years.
- Saudi Arabia Construction Anchors Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hangers
- Mechanical
- Chemical
- Nail-in
- Wall
- Others (drywall plugs, drywall screws, and insulation anchors)
- Saudi Arabia Construction Anchors Market Material Type Outlook (Revenue, USD Million , 2018-2030)
- Stainless Steel
- Carbon Steel
- Others
- Saudi Arabia Construction Anchors Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- Industrial
- Infrastructural
Reasons to subscribe to Construction Anchors Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Construction Anchors Market Outlook databook
- Our clientele includes a mix of Construction Anchors Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia Construction Anchors Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia Construction Anchors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Saudi Arabia Construction Anchors Market, 2018-2030 (US$M)
Saudi Arabia construction anchors market statistics, by product, 2018-2030 (US$M)
