Press release
Facade Anchor Systems Market Trends, Major Manufacturers, Opportunities and Forecast by 2031
Facade Anchor Systems Market
A façade anchor is designed to secure a façade to the concrete and masonry substrate of a building.
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Top Companies
EJOT Holding GmbH & Co. KG, CRH PLC (Halfen), Heckmann Building product, Hilti Group, Hohmann & Barnard Inc., KEIL Befestigungstechnik GmbH, Knight Wall Systems, Monarch Metals Inc., Simpson Strong Tie, Wire Bond are provided in this report. There are some important players in the market such as CRH PLC, Simpson Strong Tie and EJOT Holding GmbH
A growth in residential and commercial industry drives the demand for façade systems, fueling the growth of the façade anchor systems market. Increase in residential and non-residential construction and construction renovation industry drives the facade anchor systems market growth. In addition, rise in construction spending in countries such as India, Germany, Japan, the U.S., and others, boosts the growth of the market. For instance, expenditure on private construction activities by the U.S. government increased by over 50% and that on public construction grew by over 20% from 2012 to 2020. However, the fluctuating cost of raw materials and high installation costs constrain the growth of the market.
In 2021, Asia-Pacific had the highest facade anchor systems market share and is anticipated to secure the leading position during the forecast period, due to extensive demand in the residential segment.
Various manufacturers in the facade anchor system market such as EJOT Holding GmbH & Co. KG, CRH PLC (Halfen), Heckmann Building product, Hilti Group, offer a wide variety of facade anchor system for residential as well as non-residential applications. For instance, in July 2020, the Germany based anchor systems manufacturer, EJOT Holding GmbH & Co. KG launched the CROSSFIX. It is the first stainless steel substructure that can be used for both horizontal and vertical support profiles. The product launch has enhanced the product offerings of the company to sustain the competition in the façade anchor system market.
However, during the pandemic lockdown, various manufacturers in the facade anchor systems market outlook had to stop their business in countries such as China, Australia, the U.S., UAE, and countries in Europe. This break directly impacted sales of facade anchor system manufacturing companies. In addition, the lack of manpower and raw materials constricted the supply of raw materials for facade anchor system; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
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