Anchor Bolts Market
PUBLISHED: 2023 ID: SMRC24283
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Anchor Bolts Market

Anchor Bolts Market Forecasts to 2030 - Global Analysis By Type (Movable Anchor Bolt, Fixed Anchor Bolt and Other Types), Material, Diameter, Length, Application and By Geography

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4.4 (74 reviews)
Published: 2023 ID: SMRC24283

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Anchor Bolts Market is expected to grow at a CAGR of 9.4% during the forecast period. Within the building and fastening industry, the anchor bolts market is a sector that is focused on the manufacturing, distribution, and application of specialty fasteners that are referred to as ""anchor bolts."" Mechanical anchor bolts are used to firmly fasten structures or objects to solid substrates, usually metal, concrete, or masonry. These bolts are essential for maintaining load-bearing ability, stability, and safety in a variety of settings, including the foundations of buildings, machinery, and infrastructure.

According to the United Nations (UN), around 68% of the world population is expected to live in urban areas by 2050.

Market Dynamics: 

Driver: 

Growing investment in infrastructure

Owing to the direct influence on building and development projects, rising infrastructure investment is a major factor propelling the anchor bolt industry. Anchor bolt demand is on the rise as governments and corporate groups invest enormous amounts of money to build and renovate infrastructure, including highways, bridges, airports, utilities, and public buildings. Moreover, the crucial function of these fasteners is to secure and anchor vital infrastructure components, guaranteeing their dependability, safety, and structural integrity.

Restraint:

Environmental issues

Because of the negative effects that anchor bolt production and disposal have on the environment, environmental concerns operate as a limitation on the anchor bolt market. Throughout their lives, steel anchor bolts have the potential to cause environmental problems. A sizable carbon footprint may result from the production process, which involves energy use, metal extraction, and mining. Moreover, anchor bolts might eventually turn into garbage, which could provide problems for recycling and disposal.

Opportunity:

Technological developments

Because they consistently improve the effectiveness, dependability, and adaptability of these fastening solutions, technological improvements are a major factor driving the market for anchor bolts. Products that are more durable and customized are the result of advancements in anchor bolt design, materials, and installation methods. Higher load capacities and better corrosion resistance are produced by advanced manufacturing techniques in anchor bolts, increasing their use in a variety of settings. Additionally, new technologies have produced anchor bolts that are crucial for the durability of infrastructure since they can endure harsh circumstances like high winds and earthquake activity.

Threat:

Fluctuations in the economy

The market for anchor bolts is significantly constrained by changes in the economy. The state of the infrastructural, industrial, and construction industries has a direct impact on the need for anchor bolts. Infrastructure investments and building projects may be suspended, reduced, or postponed during recessions or other difficult times. Consequently, the market's growth and profitability are affected when the need for anchor bolts declines. During economic downturns, construction and industrial enterprises may look for methods to minimize costs, such as delaying or limiting the use of anchor bolts.

Covid-19 Impact: 

Global supply networks were disrupted by the epidemic, which had an impact on anchor bolt availability and manufacturing. The issue was made worse by shortages of raw materials, especially steel, which is essential to the fabrication of anchor bolts. The timely supply of anchor bolts to construction sites and distribution facilities was impeded by transportation interruptions, which included restrictions on the movement of goods and reduced transportation capacity. Manufacturing and logistical activities were further emphasized by illness-related labor shortages and quarantine requirements.

The alloy steel segment is expected to be the largest during the forecast period

Because it improves the functionality and robustness of these crucial fasteners, the alloy steel sector is expected to have the largest share during the projected period of time. Alloy steel anchor bolts have high tensile strength and are efficient at bearing loads, which makes them ideal for demanding applications like fastening heavy machinery, equipment, and structural components to concrete or masonry. Furthermore, alloy steel is the material of choice for applications needing a high load-bearing capacity and corrosion resistance because of its outstanding strength and durability. These elements are boosting the segment’s growth. 

The movable anchor bolt segment is expected to have the highest CAGR during the forecast period

As flexibility and adaptability are crucial, the movable anchor bolt sector is predicted to experience profitable expansion. As they can be precisely positioned and secured to satisfy shifting or varying load requirements, these anchor bolts are characterized by their adaptability. Additionally, industry standards and safety laws influence the manufacture and application of movable anchor bolts, ensuring adherence and enhancing security in the applications that utilize them. Movable anchor bolts are among the market segments that are expanding and changing at a rapid pace due to innovations in design and materials.

Region with largest share:

Due to the significant demand for anchor bolts in building and industrial projects attributed to countries like China, India, and Southeast Asia, as well as rapid population growth and infrastructural development, the Asia-Pacific region had the largest share during the forecast period. Moreover, growing markets are facilitated by both economic growth and a rise in foreign investments. The objectives of government rules are to guarantee public safety, lower the possibility of accidents, and improve structural integrity.

Region with highest CAGR:

Asia Pacific region is estimated to have enhanced growth as companies spend money on R&D to create anchor bolts that suit changing market demands and regulatory regulations, as well as to obtain a competitive advantage. Moreover, the Asia Pacific anchor bolts market is a dynamic and competitive sector that requires businesses to spend on research and development and navigate complex regulatory landscapes in order to achieve growing compliance standards.

Key players in the market

Some of the key players in Anchor Bolts market include Anchorage Group, Fastenal, Halfeen, Hilti Group, Hohmann & Barnard, ITW Red Head, Peikko, Portland Bolt, Powers Fasteners, Rawlplug, Simpson Strong-Tie and Sormat Group.

Key Developments:

In October 2023, Fastenal Company Announces Cash Dividend. Fastenal Company reported its board of directors declared a dividend of $0.35 per share to be paid in cash on November 24, 2023 to shareholders of record at the close of business on October 26, 2023. Except for share and per share information, dollar amounts are stated in millions.

In October 2022, United States-based crypto platform Anchorage Digital announced its expansion to Asia, with notable institutional partners including Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha, which have selected Anchorage custody and bespoke offerings to safely participate in digital assets. Anchorage mentioned a statement stating that the market for digital assets is global, and some of the highest rates of adoption are in Asia.

Types Covered:
• Movable Anchor Bolt
• Fixed Anchor Bolt
• Wedge Anchor Bolt
• Drop-in Anchor Bolts
• Chemical Anchor Bolts
• Sleeve Anchor Bolts
• Toggle Bolt Anchors
• Hollow Wall Anchor Bolts
• Strap Anchor Bolts
• Other Types 

Materials Covered:
• Alloy Steel
• Carbon Steel
• Stainless Steel
• Zinc-Plated Steel
• Other Materials

Diameters Covered:
• Up to M20
• M20-M40
• Above M40

Lengths Covered:
• Up to 100mm
• 100mm-300mm
• Above 300mm

Applications Covered:
• Civil Building
• Commercial Building
• Infrastructure
• Manufacturing and Industrial
• Construction
• Utilities and Energy Sector
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Anchor Bolts Market, By Type       
 5.1 Introduction      
 5.2 Movable Anchor Bolt      
 5.3 Fixed Anchor Bolt      
 5.4 Wedge Anchor Bolt      
 5.5 Drop-in Anchor Bolts      
 5.6 Chemical Anchor Bolts      
 5.7 Sleeve Anchor Bolts      
 5.8 Toggle Bolt Anchors      
 5.9 Hollow Wall Anchor Bolts      
 5.10 Strap Anchor Bolts      
 5.11 Other Types      
        
6 Global Anchor Bolts Market, By Material       
 6.1 Introduction      
 6.2 Alloy Steel      
 6.3 Carbon Steel      
 6.4 Stainless Steel      
 6.5 Zinc-Plated Steel      
 6.6 Other Materials      
        
7 Global Anchor Bolts Market, By Diameter       
 7.1 Introduction      
 7.2 Up to M20      
 7.3 M20-M40      
 7.4 Above M40      
        
8 Global Anchor Bolts Market, By Length       
 8.1 Introduction      
 8.2 Up to 100mm      
 8.3 100mm-300mm      
 8.4 Above 300mm      
        
9 Global Anchor Bolts Market, By Application       
 9.1 Introduction      
 9.2 Civil Building      
 9.3 Commercial Building      
 9.4 Infrastructure      
 9.5 Manufacturing and Industrial      
  9.5.1 Racking and Shelving     
  9.5.2 Conveyor System Installation     
  9.5.3 Heavy Machinery Mounting     
 9.6 Construction      
  9.6.1 Concrete Formwork     
  9.6.2 Structural Anchoring     
  9.6.3 Concrete Panel Installation     
 9.7 Utilities and Energy Sector      
  9.7.1 Wind Turbine Foundation     
  9.7.2 Solar Panel Mounting     
  9.7.3 Utility Pole Installation     
 9.8 Other Applications      
        
10 Global Anchor Bolts Market, By Geography       
 10.1 Introduction      
 10.2 North America      
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy     
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand     
  10.4.6 South Korea     
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia     
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa     
        
11 Key Developments       
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions      
 11.5 Other Key Strategies      
        
12 Company Profiling       
 12.1 Anchorage Group      
 12.2 Fastenal      
 12.3 Halfeen      
 12.4 Hilti Group      
 12.5 Hohmann & Barnard      
 12.6 ITW Red Head      
 12.7 Peikko      
 12.8 Portland Bolt      
 12.9 Powers Fasteners      
 12.10 Rawlplug      
 12.11 Simpson Strong-Tie       
 12.12 Sormat Group           
        
List of Tables        
1 Global Anchor Bolts Market Outlook, By Region (2021-2030) ($MN)       
2 Global Anchor Bolts Market Outlook, By Type (2021-2030) ($MN)       
3 Global Anchor Bolts Market Outlook, By Movable Anchor Bolt (2021-2030) ($MN)       
4 Global Anchor Bolts Market Outlook, By Fixed Anchor Bolt (2021-2030) ($MN)       
5 Global Anchor Bolts Market Outlook, By Wedge Anchor Bolt (2021-2030) ($MN)       
6 Global Anchor Bolts Market Outlook, By Drop-in Anchor Bolts (2021-2030) ($MN)       
7 Global Anchor Bolts Market Outlook, By Chemical Anchor Bolts (2021-2030) ($MN)       
8 Global Anchor Bolts Market Outlook, By Sleeve Anchor Bolts (2021-2030) ($MN)       
9 Global Anchor Bolts Market Outlook, By Toggle Bolt Anchors (2021-2030) ($MN)       
10 Global Anchor Bolts Market Outlook, By Hollow Wall Anchor Bolts (2021-2030) ($MN)       
11 Global Anchor Bolts Market Outlook, By Strap Anchor Bolts (2021-2030) ($MN)       
12 Global Anchor Bolts Market Outlook, By Other Types (2021-2030) ($MN)       
13 Global Anchor Bolts Market Outlook, By Material (2021-2030) ($MN)       
14 Global Anchor Bolts Market Outlook, By Alloy Steel (2021-2030) ($MN)       
15 Global Anchor Bolts Market Outlook, By Carbon Steel (2021-2030) ($MN)       
16 Global Anchor Bolts Market Outlook, By Stainless Steel (2021-2030) ($MN)       
17 Global Anchor Bolts Market Outlook, By Zinc-Plated Steel (2021-2030) ($MN)       
18 Global Anchor Bolts Market Outlook, By Other Materials (2021-2030) ($MN)       
19 Global Anchor Bolts Market Outlook, By Diameter (2021-2030) ($MN)       
20 Global Anchor Bolts Market Outlook, By Up to M20 (2021-2030) ($MN)       
21 Global Anchor Bolts Market Outlook, By M20-M40 (2021-2030) ($MN)       
22 Global Anchor Bolts Market Outlook, By Above M40 (2021-2030) ($MN)       
23 Global Anchor Bolts Market Outlook, By Length (2021-2030) ($MN)       
24 Global Anchor Bolts Market Outlook, By Up to 100mm (2021-2030) ($MN)       
25 Global Anchor Bolts Market Outlook, By 100mm-300mm (2021-2030) ($MN)       
26 Global Anchor Bolts Market Outlook, By Above 300mm (2021-2030) ($MN)       
27 Global Anchor Bolts Market Outlook, By Application (2021-2030) ($MN)       
28 Global Anchor Bolts Market Outlook, By Civil Building (2021-2030) ($MN)       
29 Global Anchor Bolts Market Outlook, By Commercial Building (2021-2030) ($MN)       
30 Global Anchor Bolts Market Outlook, By Infrastructure (2021-2030) ($MN)       
31 Global Anchor Bolts Market Outlook, By Manufacturing and Industrial (2021-2030) ($MN)       
32 Global Anchor Bolts Market Outlook, By Racking and Shelving (2021-2030) ($MN)       
33 Global Anchor Bolts Market Outlook, By Conveyor System Installation (2021-2030) ($MN)       
34 Global Anchor Bolts Market Outlook, By Heavy Machinery Mounting (2021-2030) ($MN)       
35 Global Anchor Bolts Market Outlook, By Construction (2021-2030) ($MN)       
36 Global Anchor Bolts Market Outlook, By Concrete Formwork (2021-2030) ($MN)       
37 Global Anchor Bolts Market Outlook, By Structural Anchoring (2021-2030) ($MN)       
38 Global Anchor Bolts Market Outlook, By Concrete Panel Installation (2021-2030) ($MN)       
39 Global Anchor Bolts Market Outlook, By Utilities and Energy Sector (2021-2030) ($MN)       
40 Global Anchor Bolts Market Outlook, By Wind Turbine Foundation (2021-2030) ($MN)       
41 Global Anchor Bolts Market Outlook, By Solar Panel Mounting (2021-2030) ($MN)       
42 Global Anchor Bolts Market Outlook, By Utility Pole Installation (2021-2030) ($MN)       
43 Global Anchor Bolts Market Outlook, By Other Applications (2021-2030) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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