Saudi Arabia Construction Anchors Market Size & Outlook
Related Markets
Saudi Arabia construction anchors market highlights
- The Saudi Arabia construction anchors market generated a revenue of USD 49.5 million in 2023 and is expected to reach USD 67.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.6% 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 49.5 million |
| Market revenue in 2030 | USD 67.7 million |
| Growth rate | 4.6% (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, Saudi Arabia accounted for 1.6% 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 Middle East & Africa, Saudi Arabia construction anchors market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 67.7 million by 2030.
Mechanical was the largest segment with a revenue share of 40% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia is expected to account for a significant share of construction anchors market in the Middle East & Africa in the coming years owing to continued investments by the government of the country in infrastructure development projects.
In October 2021, the Government of Saudi Arabia announced an investment of over USD 1 trillion in its tourism industry over the next 10 years. This is expected to lead to construction activities related to the hospitality and retail industries in the country, thereby driving the growth of construction anchors market in Saudi Arabia in the coming years.
Moreover, the Government of Saudi Arabia has also introduced the White Land Tax initiative to address the housing shortage in the country. This is expected to support the growth of the construction industry in Saudi Arabia. Moreover, ongoing urbanization, increasing population, and growing economy are further anticipated to fuel the demand for construction anchors in the country in the coming years.
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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 |
Saudi Arabia construction anchors market size, by product, 2018-2030 (US$M)
Saudi Arabia Construction Anchors Market Outlook Share, 2023 & 2030 (US$M)
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