Industria
Mechanical Anchor Market is Forecast to Reach US$ 2.8 Billion in 2028, Says Stratview Research
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The global mechanical anchor market is segmented based on product type, substrate type, end-user type, and region.
- The market is segmented as expansion anchor, screw anchor, undercut anchor, and others. 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.
The market is segmented as concrete, masonry, natural stone, and others. Concrete is a popular choice for construction due to its high compressive strength, durability, versatility, and fire and water resistance.
- The market is segmented as infrastructure, commercial, residential, and industrial. , due to increased spending on infrastructure projects, a boost in infrastructure development, especially in emerging economies, coupled with urbanization, and economic expansion.
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The report suggests that This growth 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 to leading players such as Hilti Group, Wurth Group, and Fischer Group.
Likewise, .
Some of the key drivers listed in the report are given below.
- Expanding worldwide construction industry.
- Rise in capital expenditure on infrastructure development.
- Increasing demand for commercial and residential construction due to rapid urbanization, industrialization, and increasing disposable income.
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The market is fairly consolidated with the presence of some global and regional players. 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.
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