Anchors Market is Forecasted to Reach US$ 4.9 billion in 2028, Says Stratview Research

The global anchors market is projected to witness a growth rate of 5.0% annually from 2023 to 2028, with an anticipated size of US$ 4.9 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global anchors market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 4.9 billion
Growth (CAGR): 5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Anchors Market:
The global anchors market is segmented based on product type, substrate type, end-user type, and region.

Based on product type - The anchors market is segmented into cast-in anchors and post-installed anchors.
Post-installed anchor is expected to remain the dominant segment in the market during the forecast period owing to the ease of installation, flexibility, and rapid construction. In addition to that, post-installed anchors can be precisely located and can be used for both new construction as well as old construction.

Based on the substrate type - The market is segmented as concrete, masonry, natural stone, and others.
Concrete is expected to remain the largest segment of the market during the forecast period. Concrete is the most commonly used construction material as it poses high compressive strength, high-temperature resistance, and excellent water resistance characteristics. In addition to that, a growing population coupled with urbanization and increasing per capita income is further expected to drive the market.

Based on the end-user type - The market is segmented as infrastructure, commercial, residential, and industrial. Infrastructure held the largest share of the market, due to increasing investment in infrastructure development, especially in emerging economies coupled with economic growth and urbanization.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/2197/anchors-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Europe is expected to remain the largest market over the next five years, whereas Asia-Pacific is expected to be the fastest-growing market for anchors during the forecast period. This growth outlook is majorly attributed to the following-
- The growing number of construction activities in the region.
- In addition to that, the growing population in key economies such as China and India and improving economic conditions.
- North America and Europe are also likely to create sizeable opportunities in the coming five years.

Anchors Market Drivers:

Some of the key drivers listed in the report are given below.
- The growing construction industry and increasing spending in infrastructure development are likely to be the major demand generators for anchors during the forecast period.
- In addition, rapid urbanization and industrialization, population growth, and a rise in disposable income are further expected to fuel the growth of the anchors market.
- The opportunities for the anchors identified include the market occasioned by growth in the construction and infrastructure businesses. The growth of the population in urban areas and the construction of new commercial and residential facilities evoke the need to find efficient anchoring systems.
- With developments in the types of anchors and their construction, there are improvements in performance and versatility in various circumstances. On the same note, wind and solar installations within the renewable energy sector are also responsible for the market progress.
- Furthermore, existing building improvements and new construction projects in developed countries also require new anchoring systems.

Top Companies in the Anchors Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Hilti Corporation
• Würth Group
• Fischer Group
• Illinois Tool Works Inc.
• Simpson Strong Tie Co. Inc
• Halfen Gmbh
• Henkel AG & Company, KGaA
• EJOT Holding GmbH & Co. KG
• DEWALT
• Sika AG

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Anchors Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Post-Installed Anchors Market: https://www.stratviewresearch.com/1998/post-installed-anchors-market.html

• Facade Anchors Market: https://www.stratviewresearch.com/1974/facade-anchors-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.