Mexico Construction Anchors Market Size & Outlook
Related Markets
Mexico construction anchors market highlights
- The Mexico construction anchors market generated a revenue of USD 104.6 million in 2023 and is expected to reach USD 138.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.1% 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 104.6 million |
| Market revenue in 2030 | USD 138.2 million |
| Growth rate | 4.1% (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, Mexico accounted for 3.5% 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 40.54% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is expected to benefit from the rising construction spending and the growing inclination of consumers toward the utilization of sustainable building materials. The development of the construction industry is expected to propel the demand for construction anchors to secure fixtures such as cabinets, shelves, and heavy machinery.
Moreover, continuous development in key growth areas is expected to boost construction anchor demand over the forecast period. The strong support of independent government and parastatal agencies such as INFONAVIT (the Institute of the National Housing Fund for Workers), FOVISSSTE (the largest housing fund for state workers in Mexico), and National Housing Commission CONAVI is expected to fuel the growth of housing sector in the country.
Thus, the growing housing sector and increasing demand for concrete sleeve, wedge concrete, stud concrete, drop-in concrete, and lag shield concrete anchors for residential, commercial, industrial, and infrastructure spaces are expected to potentially drive the product demand in Mexico over the forecast period.
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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 |
Mexico construction anchors market size, by product, 2018-2030 (US$M)
Mexico Construction Anchors Market Outlook Share, 2023 & 2030 (US$M)
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