U.S. Earth Anchors Market Size, Share & Trends Analysis Report By Product (Arrowhead Anchors, Duckbill Anchors, Screw Pile Anchors, Auger Anchors), By Application, By Installation Type, And Segment Forecasts, 2024 - 2030

U.S. Earth Anchors Market Size & Trends

The U.S. earth anchors market size was estimated at USD 439.2 million in 2023 and is expected to register a CAGR of 3.2% from 2024 to 2030. Earth anchors find various applications across various industries, including civil construction, agriculture, telecommunications, and renewable energy. Also known as ground anchors, they are versatile and can be used in various situations, from securing temporary structures to stabilizing solar panel installations. This adaptability is fueling market growth, allowing companies to capitalize on new opportunities and expand their customer base.

The U.S. earth anchors market held a significant share of the global market in 2023. Recent innovations in design and installation methods have significantly enhanced their efficiency and effectiveness, making them a more attractive option for contractors. The ease of installation, which can be accomplished using simple handheld tools, reduces labor costs and accelerates project timelines.

According to the U.S. Census Bureau, construction spending in the United States reached a seasonally adjusted annual rate of USD 2,162.70 billion in July 2024, a 0.3% increase from June 2024. This growth represents a 6.7% increase from July 2023, driving demand for construction materials, including earth anchors, through 2030. Rise in building constructions also stands as a formidable driver for market growth.

Furthermore, earth anchors offer significant cost savings compared to traditional anchoring methods. Reports indicate that their use can save up to USD 130,000 on a 2MW ground-mounted solar project, making them an attractive option for companies operating on tight budgets. Moreover, their cost-effectiveness is particularly appealing in a competitive market where budget constraints are common.

Regulatory compliance and environmental considerations are also driving market growth in the country. Earth anchors are able to meet building codes requirements for secure anchoring of temporary and modular structures without extensive groundwork, making them a reliable choice for companies seeking to comply with regulations. Moreover, their installation creates minimal disturbance to the soil, aligning with eco-friendly construction practices and making them an attractive option for companies prioritizing sustainability.

Product Insights

The screw pile anchors segment dominated the market with a revenue share of 26.9% in 2023. Their versatility, ease of installation, and minimal soil disturbance contribute to their growth. Moreover, their ability to provide strong foundations in various soil conditions, including loose and sandy soils, makes them a preferred choice for projects such as solar panel installations and light commercial buildings.

Arrowhead anchors are projected to grow significantly over the forecast period. Their installation process is efficient, involving driving the anchor to the required depth and applying tension to secure it. This makes them suitable for projects requiring rapid and reliable anchoring in various soil conditions, including loose or sandy soils.

Application Insights

Earth anchors in commercial applications led the market in 2023, accounting for 76.0% of the total revenue share. The growing demand for robust anchoring solutions in large-scale construction projects, including high-rise buildings, commercial complexes, and public infrastructure, is driving segment growth in the country. Urbanization in major U.S. cities, such as Ohio, Florida, Louisiana, and California, intensifies the need for reliable foundation systems to support complex structures in diverse soil conditions.

Residential applications of earth anchors are projected to grow significantly over the forecast period as increasing homeowners prioritize property safety and stability. Applications include securing retaining walls, anchoring fences, and stabilizing decks and porches. The growing trend of outdoor living spaces and landscaping projects is also expected to drive demand, as these structures require secure anchoring to withstand environmental forces.

Installation Type Insights

Professional installation held the largest share of 88.4% in 2023 due to the complexity of construction projects and the need for compliance with rigorous safety and regulatory standards. Builders and contractors are increasingly opting for expert services to ensure correct installation of anchoring systems, a critical factor in ensuring the safety and longevity of structures.

DIY installations are projected to grow significantly over the forecast period, aligning with the increased availability of user-friendly anchoring products, such as screw-in ground anchors, for fences, sheds, and light-duty retaining walls. These products are designed for straightforward applications, accessible to a broader audience, and fueled by online tutorials, detailed installation guides, and user-friendly designs.

Key U.S. Earth Anchors Company Insights

Some key companies in the U.S. earth anchors market include Better Bilt products and American Earth Anchors, Inc; among others. Major companies are expanding their portfolios with advanced anchoring solutions for diverse applications, from residential to industrial projects. Strategic partnerships, mergers, and acquisitions drive market presence and geographical reach, intensifying competition.

• American Earth Anchors offers innovative anchoring solutions for the construction industry, manufacturing screw anchors called Penetrators made from heat-treated aluminum. These anchors provide significant holding power and are designed to enhance stability in pre-engineered metal buildings and temporary structures, ensuring reliability against extreme weather conditions.

• Helical Anchor Inc., a manufacturer based in Minneapolis, Minnesota, produces high-strength and durable helical piles and anchors using patented inertia welding technology. They cater to various markets, including residential, commercial, and industrial, offering customized solutions and leveraging innovation and quality to maintain market leadership.

Recent Developments

• In April 2024, Koehn Building Systems, a Missouri-based metal building contractor, utilized earth anchors from American Earth Anchors to temporarily secure pre-engineered metal buildings during construction, enhancing structural stability and peace of mind.

U.S. Earth Anchors Market Report Scope

U.S. Earth Anchors Market Report Segmentation

This report forecasts revenue growth at the country level and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. earth anchors market report based on product, application, and installation type.

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Arrowhead Anchors

  • Bullet Anchors

  • Duckbill Anchors

  • Screw Pile Anchors

  • Auger Anchors

  • Others

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial

• Installation Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Professional Installation

  • DIY