Canada Construction Anchors Market Size & Outlook
Related Markets
Canada construction anchors market highlights
- The Canada construction anchors market generated a revenue of USD 142.8 million in 2023 and is expected to reach USD 179.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.3% 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.
Construction anchors market data book summary
| Market revenue in 2023 | USD 142.8 million |
| Market revenue in 2030 | USD 179.1 million |
| Growth rate | 3.3% (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, Canada accounted for 4.7% 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 North America, U.S. construction anchors market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 138.2 million by 2030.
Mechanical was the largest segment with a revenue share of 39.71% in 2023. Horizon Databook has segmented the Canada 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 building & construction industry in Canada is offering lucrative growth opportunities. Increasing investments by the Canadian government in infrastructure development are anticipated to boost the growth of the construction activities of both residential and commercial spaces, thereby augmenting the demand for several types of construction anchors, wedge anchors, sleeve anchors, drop-in anchors, and others.
Moreover, the growing focus on sustainable construction practices, with an emphasis on energy efficiency and sustainability is expected to augment the demand for construction anchors in the country. Due to their durability and ecologic benefits, construction anchors are desirable for their ability to fulfill sustainable construction norms.
According to the Canadian Government, the Canada Plan has invested over USD 131 billion in over 85,000 projects. The Canada Plan was launched in 2016 for infrastructure development across Canada.
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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 |
Canada construction anchors market size, by product, 2018-2030 (US$M)
Canada Construction Anchors Market Outlook Share, 2023 & 2030 (US$M)
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