Mechanical Anchor Market is Forecasted to Reach US$ 2.8 billion in 2028, Says Stratview Research

The global Mechanical Anchor Market is projected to witness a growth rate of 4.9% annually from 2023 to 2028, with an anticipated size of US$ 2.8 billion in 2028, according to an analysis by Stratview Research.

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

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Report Highlights:
Market Size in 2028: US$ 2.8 billion
Growth (CAGR): 4.9% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Mechanical Anchor Market:
The global Mechanical Anchor Market is segmented product type, substrate type, end-user type and region

Based on the product type- The market is segmented as expansion anchor, screw anchor, undercut anchor, and others. Expansion anchor is expected to remain the largest as well as the fastest growing segment of the market during the forecast period, owing to extensive usage in concrete and masonry substrates. In addition to that, increasing demand from various end-users due to reliability and wide applicability is further expected to propel the demand for expansion anchors during the forecast period.

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 a popular choice for construction due to its high compressive strength, durability, versatility, and fire and water resistance.

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 increased spending on infrastructure projects, a boost in infrastructure development, especially in emerging economies, coupled with urbanization, and economic expansion.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests Europe is expected to remain the largest market for mechanical anchors over the forecast period. This growth outlook is majorly attributed to the following-
• Driven by major factors such as increasing construction activities, growing disposable income, and rapid urbanization and industrialization. In addition to that, Europe is home of leading players such as Hilti Group, Wurth Group, and Fischer Group.
• Asia-Pacific is expected to witness the highest growth rate during the same period due to major factors such as growing construction projects in the developing economies, rapid economic growth, and increasing population.

Mechanical Anchor Market Drivers:
The Mechanical Anchor Market is driven by several key factors, including:
• Major factors such as, expanding worldwide construction industry, rise in capital expenditure on infrastructure development and increasing demand for commercial and residential construction due to rapid urbanization, industrialization, and increasing disposable income are likely to be the major demand generators for mechanical anchors during the forecast period.

Top 10 Companies in the Mechanical Anchor Market:
Stratview Research has identified the following companies as the top market players:
• Hilti Corporation
• Würth Group
• Fischer Group
• Illinois Tool Works Inc.
• Simpson Strong Tie Co. Inc.
• Halfen Gmbh
• DEWALT Inc.
• EJOT Holding GmbH & Co. KG
• SANKO TECHNO Co. Ltd.
• Rawlplug S.A.
• Mizuho Medical Co. Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Mechanical Anchor 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

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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.