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
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.
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.
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.
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.
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.
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.
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.
• 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
• Alloy Steel
• Carbon Steel
• Stainless Steel
• Zinc-Plated Steel
• Other Materials
• Up to M20
• Above M40
• Up to 100mm
• Above 300mm
• Civil Building
• Commercial Building
• Manufacturing and Industrial
• Utilities and Energy Sector
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
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• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
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
3 Market Trend Analysis
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
5.2 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
6.2 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
7.2 Up to M20
7.4 Above M40
8 Global Anchor Bolts Market, By Length
8.2 Up to 100mm
8.4 Above 300mm
9 Global Anchor Bolts Market, By Application
9.2 Civil Building
9.3 Commercial Building
9.5 Manufacturing and Industrial
9.5.1 Racking and Shelving
9.5.2 Conveyor System Installation
9.5.3 Heavy Machinery Mounting
9.6.1 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
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
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
11.5 Other Key Strategies
12 Company Profiling
12.1 Anchorage Group
12.4 Hilti Group
12.5 Hohmann & Barnard
12.6 ITW Red Head
12.8 Portland Bolt
12.9 Powers Fasteners
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
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