Anchor Fasteners Market Scope
Anchor fasteners are the components which are used to attach structures or objects to concrete. They are lightweight and are used in infrastructure industries for multiple purposes. There are mechanical and adhesive fasteners. The former ones work on property of fiction to anchor themselves in a place, whereas the latter ones require the special adhesives to stick the anchors into hole. Furthermore, the anchor fasteners also differ with the with the base material used during the construction. Hence, depending in the purpose, the anchor fasteners are used.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Structural Bolt and Manufacturing (United States), Unique Fastners (United States), ARGIP (Poland), Powers Fasteners (United States), Pacific Bolt Manufacturing Ltd. (Canada), Classic Metallic Sheets Factory LLC. (United Arab Emirates), BTM Manufacturing (United States), EDSCO Fasteners (United States), NSI Industries, LLC, (United States), All fasteners (Australia), Technical Metal (United Kingdom) and EJOT (Belgium) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Anchor Fasteners market throughout the predicted period.
Structural Bolt and Manufacturing (United States), Unique Fastners (United States), ARGIP (Poland), Powers Fasteners (United States), Pacific Bolt Manufacturing Ltd. (Canada), Classic Metallic Sheets Factory LLC. (United Arab Emirates), BTM Manufacturing (United States), EDSCO Fasteners (United States), NSI Industries, LLC, (United States), All fasteners (Australia), Technical Metal (United Kingdom) and EJOT (Belgium) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Anchor Fasteners market by Type (Mechanical anchors and Adhesives anchors), by Application (Building and construction, Electronic industry, Automotive industry and Mechanical & infrastructure industries) and Region with country level break-up.
On the basis of geography, the market of Anchor Fasteners has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 9 May 2022, NSI Industries, LLC, a provider of electrical product solutions for more than 45 years, has announced that it has acquired Metallics, a Bristol, Conn.-based manufacturer and supplier of fasteners and related supplies, as part of its commitment to connecting distributors to the products, services, and technologies they need to advance. The acquisition also allows NSI to further key inroads into the electrical, HVAC, and building technologies markets.
On 12 July 2021, EJOT has upgraded its range of ETA-approved through-bolts also known as anchor bolts or wedge anchors with the launch of its new BA Plus range of Option 1 anchors for both cracked and non-cracked concrete applications.
Market Trend
- Advancements in Fasteners Technology
Opportunities
- Growing Industrialization in Developing Economies
- Rapid Urbanization in Developing Economies
Restraints
- Presence of Alternative Product in market
Challenges
- Expansion of Anchor Against the Size of Sides of the Hole
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others