Global Mechanical Anchor Market Report 2022-2027: Europe is Expected to Remain the Dominant Region in the Market
September 23, 2022
DUBLIN, Sept. 23, 2022 /PRNewswire/ -- The 'Mechanical Anchor Market Size, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027' report has been added to ResearchAndMarkets.com's offering.
The mechanical anchors market is estimated to grow at a healthy CAGR of 4.8% during the forecast period to reach a value of US$ 2.8 Billion in 2027.
Major factors, such as the growing construction industry and increasing spending on infrastructure development are likely to be the major demand generators for mechanical 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 mechanical anchors market.
However, the market got recovered from the disruption brought by the COVID pandemic in the year 2021 due to a revival in consumer confidence, economic recovery, inline construction and infrastructure projects, and supply chain on track.
In the year 2020, the outbreak of the COVID-19 pandemic hit hard the construction industry. Supply chain disruption, suspension of infrastructure and commercial projects, limited demand for new buildings, labor and material shortages, and lockdowns across the world were some of the major consequences of the Covid-19 pandemic.
The mechanical anchor market was no exception to it and the impact of the pandemic has been recorded across the supply chain including the demand for mechanical anchors, with a decline of -9.0% in 2020.
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 the most commonly used construction material as it poses high compressive strength and durability.
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.
In terms of regions, Europe is expected to remain the largest market for mechanical anchors over the forecast period. Major factors such as increasing construction activities, growing disposable income, and rapid urbanization and industrialization are driving the region's market.
In addition to that, Europe is home to leading players such as Hilti Group, Wurth Group, and Fischer Group. Asia-Pacific is expected to witness the highest growth during the same period due to major factors such as growing construction projects in the developing economies, rapid economic growth, and increasing population.
The mechanical anchors Market is moderately fragmented with the top five players securing a fair share in 2021. All the major mechanical anchor manufacturers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning.
However, some of the most common strategies adopted by them include new product developments, development of a vast product portfolio, and execution of M&As to quickly gain market share.
For instance, Simpson Strong-Tie acquired Etanco Group in the year 2022.
The following are some of the key players in the mechanical anchors market:
- Hilti Corporation
- Wurth Group
- Fischer Group
- Illinois Tool Works Inc.
- Simpson Strong-Tie Co. Inc
- Research Methodology
Key Topics Covered:
1. Executive Summary
2. Mechanical Anchors Market Environment Analysis
2.1. Supply Chain Analysis
2.2. PEST Analysis
2.3. Industry Life Cycle Analysis
2.4. Key Trends
2.5. Market Drivers
2.6. Market Challenges
3. Mechanical Anchors Market - The COVID-19 Impact Assessment
3.1. Mechanical Anchors Market Trend and Forecast (US$ Million)
3.2. Pre-COVID vs Post-COVID Market Assessment
3.3. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic Scenarios
3.4. Real GDP Loss vs Mechanical Anchors Loss (2019-2024)
4. Mechanical Anchors Market Assessment (2016-2027)
4.1. Product-Type Analysis
4.1.1. Expansion Anchor: Regional Trend and Forecast (US$ Million)
4.1.2. Screw Anchor: Regional Trend and Forecast (US$ Million)
4.1.3. Undercut Anchor: Regional Trend and Forecast (US$ Million)
4.1.4. Others: Regional Trend and Forecast (US$ Million)
4.2. Substrate-Type Analysis
4.2.1. Concrete: Regional Trend and Forecast (US$ Million)
4.2.2. Masonry: Regional Trend and Forecast (US$ Million)
4.2.3. Natural Stone: Regional Trend and Forecast (US$ Million)
4.2.4. Others: Regional Trend and Forecast (US$ Million)
4.3. End-User-Type Analysis
4.3.1. Infrastructure: Regional Trend and Forecast (US$ Million)
4.3.2. Commercial: Regional Trend and Forecast (US$ Million)
4.3.3. Residential: Regional Trend and Forecast (US$ Million)
4.3.4. Industrial: Regional Trend and Forecast (US$ Million)
4.4. Regional Analysis
5. Competitive Analysis
5.1.1. Market Consolidation Level
5.1.2. Competitive Landscape
5.1.3. Market Share Analysis
5.1.4. Product Portfolio Analysis
5.1.5. Geographical Presence
5.1.6. New Product Launches
5.1.7. Strategic Alliances
5.1.8. Porter's Five Forces Analysis
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.1.1. Market Attractiveness by Product Type
6.1.2. Market Attractiveness by Substrate Type
6.1.3. Market Attractiveness by End-User Type
6.1.4. Market Attractiveness by Region
6.1.5. Market Attractiveness by Country
6.2. Emerging Trends
6.3. Strategic Implications
6.4. Key Success Factors (KSFs)
7. Company Profile of Key Players (Alphabetically Arranged)
For more information about this report visit https://www.researchandmarkets.com/r/jqe0j
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