Rise In Construction Activities Fueling The Growth Of The Market Due To Increasing Demand For Structural Stability And Infrastructure Development : Strengthening the Growth Trajectory of the Anchoring And Fixing Market

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What Is the Expected CAGR for the Anchoring And Fixing Market Through 2025?
The market size of the anchoring and fixing sector has witnessed significant growth in the past few years. The market is projected to increase from $13.66 billion in 2024 to $14.38 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.3%. Factors like accelerating urbanization, increased demand for residential construction, a heightened focus on infrastructure safety, the growth of commercial real estate, and the rising use of mechanical anchors have all contributed to the growth experienced in the historical period.

What's the Projected Size of the Global Anchoring And Fixing Market by 2029?
The market for anchoring and fixing is projected to witness robust expansion in the upcoming years, reaching a market value of $17.48 billion by 2029, with a compound annual growth rate (CAGR) of 5.0%. The growth during the predicted period is credited to a rise in smart construction, the escalation in renovation and retrofitting operations, growing infrastructure project investments, the proliferation of modular building systems, and heightened demand for robust anchoring solutions. The major trends in the forecast period encompass advancements in anchor design technology and materials, ongoing innovations in corrosion-resistant fastening pieces, the creation of environmentally friendly chemical anchoring solutions, research into improving load-bearing performance, and the incorporation of automated and precision-based installation systems.

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Top Growth Drivers in the Anchoring And Fixing Industry: What's Accelerating the Market?
The escalating activities in the construction sector are set to spur the expansion of the anchoring and fixing market. These activities, which consist of constructing, remodeling, or deconstructing infrastructures and buildings, play a significant role in urban development and economic progression. A surge in these construction activities can be traced back to growing urbanization rates, requiring more residential and commercial properties to house increasing population numbers. The role of anchoring and fixing is crucial in offering support and stability for these construction works by firmly securing structural components. This, in turn, ensures the safety, longevity, and effective building of structures. For instance, as per the Bureau of Labor Statistics, a governmental agency in the U.S., between 2023 and 2033, the construction sector is anticipated to witness a 4.7% growth, surpassing the industry's 4.0% growth rate. Moreover, by 2033, the sector is projected to create employment for over 8.4 million individuals, introducing nearly 380,100 new jobs. Consequently, the surge in construction activities is catalyzing the anchoring and fixing market's growth.

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What Trends Will Shape the Anchoring And Fixing Market Through 2029 and Beyond?
Leading businesses in the anchoring and fixing market are concentrating on the creation of sophisticated solutions, such as undercut anchors, to reduce strain on the base material. These are fasteners that provide robust resistance against pullout forces by locking into a specially designed undercut cavity within the base material. To give an example, in April 2024, Fischer India, a construction company based in India, introduced the FSU undercut anchor with a galvanized steel structure for enhanced durability and resistance to corrosion in harsh conditions. Its auto-undercutting feature ensures strong and dependable fastening, crucial in situations requiring high load and safety standards. This anchor is purposely constructed for securing weighty structural elements, machinery, pipe systems, and indoor installations. It offers steady performances in both cracked and uncracked concrete, making it apt for usage in industries such as power plants, refineries, infrastructure projects, and the oil and gas sector.

What Are the Main Segments in the Anchoring And Fixing Market?
The anchoring and fixing market covered in this report is segmented -

1) By Product Type: Cementitious Fixing, Resin Fixing, Other Product Types
2) By Anchoring Systems: Mechanical Anchors, Chemical Anchors, Expandable Anchors
3) By Material: Steel, Stainless Steel, Aluminum, Polymers, Composites
4) By Application: Construction, Industrial, Mining, Infrastructure, Automotive
5) By End User: Contractors, Architects, Engineers, Maintenance Professionals, Do It Yourself (DIYers)

Subsegments:
1) By Cementitious Fixing: Cementitious Anchors, Cementitious Adhesives, Cementitious Grouts
2) By Resin Fixing: Polyester Resin Anchors, Epoxy Resin Anchors, Vinylester Resin Anchors
3) By Other Product Types: Mechanical Anchors, Chemical Anchors, Fixing Accessories

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Which Top Companies are Driving Growth in the Anchoring And Fixing Market?
Major Companies operating in the anchoring and fixing market are Sika AG, Hilti Corporation, SFS Group AG, EJOT Holding GmbH & Co. KG, Rawlplug S.A., Peikko Group Corporation, Grabber Construction Products Inc., Rothoblaas Srl, Mungo Befestigungstechnik AG, ITW Red Head, Cobra Anchors Co. Ltd., Ancon Building Products, MEFA Befestigungs- und Montagesysteme GmbH, Würth Group, Weinmann-Schanz GmbH & Co. KG, ALLFIX Italia Srl, fischerwerke GmbH & Co. KG, Fixing & Drilling Group, SPIT, Indet Concrete Techniq Pvt Ltd.

Which Regions Will Dominate the Anchoring And Fixing Market Through 2029?
Asia-Pacific was the largest region in the anchoring and fixing market in 2024. The regions covered in the anchoring and fixing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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