Australia Construction Anchors Market Size & Outlook
Related Markets
Australia construction anchors market highlights
- The Australia construction anchors market generated a revenue of USD 64.5 million in 2023 and is expected to reach USD 82.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.6% 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.
Construction anchors market data book summary
| Market revenue in 2023 | USD 64.5 million |
| Market revenue in 2030 | USD 82.9 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Mechanical |
| Fastest growing segment | Chemical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.1% of the global construction anchors market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China construction anchors market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 133.4 million by 2030.
Mechanical was the largest segment with a revenue share of 45.89% in 2023. Horizon Databook has segmented the Australia 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.
Manufacturers of nuts, bolts, anchors, and rivets in Australia are facing trading difficulties as a major part of their revenue depends on the construction industry in the country. Shortage of skilled labor and extreme weather and climate events are factors contributing to the construction delays.
This leads to volatile demand for construction anchors in Australia. The fluctuating domestic prices of iron and steel also significantly impact the production of construction anchors in the country.
Moreover, surging demand for new buildings and infrastructures owing to the growing population of Australia and the rising number of immigrants, coupled with government investments in public utility projects, including rails, roads, etc., is fueling the growth of the construction industry in the country. This, in turn, drives the consumption of construction anchors in Australia.
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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 |
Australia construction anchors market size, by mechanical, 2018-2030 (US$M)
Australia Construction Anchors Market Outlook Share, 2023 & 2030 (US$M)
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