Asia Pacific Construction Anchors Market Size & Outlook
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Asia Pacific construction anchors market highlights
- The Asia Pacific construction anchors market generated a revenue of USD 942.0 million in 2023.
- The market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, mechanical was the largest revenue generating product in 2023.
- Chemical is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 942.0 million |
| Market revenue in 2030 | USD 1,264.4 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Mechanical |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hangers, Mechanical, Chemical, Nail-in, Wall, Others (drywall plugs, drywall screws, and insulation anchors) |
| Key market players worldwide | Hilti Group, Stanley Black & Decker, Illinois Tool Works Inc, Wurth Group, Fischer Group of Companies, MKT Fastening LLC, SFS Group AG, Friulsider, Ceas, Sika AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.3% of the global construction anchors market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,264.4 million by 2030.
Mechanical was the largest segment with a revenue share of 45.41% in 2023. Horizon Databook has segmented the Asia Pacific construction anchors market based on hangers, mechanical, chemical, nail-in, wall, others (drywall plugs, drywall screws, and insulation anchors) covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing number of petrochemical plants and the flourishing construction industry in Asia Pacific are driving the growth of construction anchors market in the region. The growing demand for fuels and consumer goods is contributing to the requirement for crude oil production capacity of Asia Pacific.
Thus, leading to the growth of industrial construction sector in various countries of the region. Moreover, rising investments in new infrastructure development projects in India, Australia, Hong Kong, Japan, Thailand, Vietnam, etc. are surging the consumption of construction anchors in these countries.
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Construction Anchors Market Scope
Construction Anchors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ceas | View profile | 11-50 | Milano, Lombardia, Italy, Europe | http://www.ceas.it |
| Friulsider | View profile | 101-250 | San Giovanni Al Natisone, Friuli-Venezia Giulia, Italy, Europe | https://www.friulsider.com |
| Fischer Group of Companies | View profile | 251-500 | Germany, Georgia, United States, North America | https://www.fischer.group/en/ |
| Wurth Group | View profile | 10001+ | Künzelsau, Baden-Wurttemberg, Germany, Europe | https://www.wuerth.de/web/de/awkg/kontakt/kontakt.php |
| MKT Fastening LLC | View profile | 11-50 | Lonoke, Arkansas, United States, North America | https://www.mktfastening.com/ |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | https://www.hilti.group/content/hilti/CP/XX/en.html |
| SFS Group AG | View profile | 13198 | Rosenbergsaustrasse 8, Heerbrugg, Switzerland, 9435 | https://www.sfs.com |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
| Illinois Tool Works Inc | View profile | 45000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | https://www.itw.com |
| Stanley Black & Decker | View profile | 50500 | 1000 Stanley Drive, New Britain, CT, United States, 06053 | https://www.stanleyblackanddecker.com |
Asia Pacific construction anchors market size, by country, 2018-2030 (US$M)
Asia Pacific Construction Anchors Market Outlook Share, 2023 & 2030 (US$M)
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