U.S. Construction Anchors Market Size & Outlook, 2023-2030
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- Construction Anchors Market Outlook
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U.S. construction anchors market highlights
- The U.S. construction anchors market generated a revenue of USD 643.2 million in 2023 and is expected to reach USD 830.2 million by 2030.
- The U.S. 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.
Construction anchors market data book summary
| Market revenue in 2023 | USD 643.2 million |
| Market revenue in 2030 | USD 830.2 million |
| Growth rate | 3.7% (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, U.S. accounted for 21.3% 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 North America, U.S. construction anchors market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 138.2 million by 2030.
Several factors influence the growth and dynamics of the construction anchor market in the U.S. The construction industry in the U.S. is thriving, with continuing residential, commercial, and infrastructural projects generating the demand for construction anchors.
The production of the residential construction sector will increase over the forecast period as a result of the government's efforts in creating affordable housing units to alleviate the present housing gap of over 6 million houses. Furthermore, the growth is attributed to the medium to long term by a broad increase in projects and investments in the retail building, transportation and storage, and data center markets.
Furthermore, the growing emphasis on environmentally friendly and sustainable construction processes is expected to propel the demand for construction anchors in the country. Furthermore, the development in R&D and investments in the construction industry is predicted to have a positive impact on the U.S. construction anchor market.
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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 |
U.S. 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 39.3% in 2023.
Horizon Databook has segmented the U.S. 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.
Several factors influence the growth and dynamics of the construction anchor market in the U.S. The construction industry in the U.S. is thriving, with continuing residential, commercial, and infrastructural projects generating the demand for construction anchors.
The production of the residential construction sector will increase over the forecast period as a result of the government's efforts in creating affordable housing units to alleviate the present housing gap of over 6 million houses. Furthermore, the growth is attributed to the medium to long term by a broad increase in projects and investments in the retail building, transportation and storage, and data center markets.
Furthermore, the growing emphasis on environmentally friendly and sustainable construction processes is expected to propel the demand for construction anchors in the country. Furthermore, the development in R&D and investments in the construction industry is predicted to have a positive impact on the U.S. construction anchor market.
- U.S. Construction Anchors Market Product Outlook (Revenue, USD Million , 2018-2030)
- Hangers
- Mechanical
- Chemical
- Nail-in
- Wall
- Others (drywall plugs, drywall screws, and insulation anchors)
- U.S. Construction Anchors Market Material Type Outlook (Revenue, USD Million , 2018-2030)
- Stainless Steel
- Carbon Steel
- Others
- U.S. 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 country-level data and insights on the U.S. Construction Anchors Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Construction Anchors Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Construction Anchors Market, 2018-2030 (US$M)
U.S. construction anchors market statistics, by product, 2018-2030 (US$M)
