United States Construction Anchor Industry Outlook from 2024 to 2034

The United States construction anchor industry size reached USD 2,123 million in 2023. Over the forecast period, demand is anticipated to rise at 5% CAGR. Total industry value is predicted to increase from USD 2,502 million in 2024 to USD 4,080.6 million by 2034.

The United States is projected to expand around 1.6X through 2034, amid a 2.2% increase in forecast CAGR compared to the historical one. Robust infrastructure expansion and rising residential and commercial construction projects are anticipated to boost demand.

Most cities in the United States are increasingly constructing new tall buildings, large offices, and mixed-use projects. All of these require advanced and reliable storage systems to ensure the integrity of buildings.

Attributes Description
Estimated United States Construction Anchor Industry Size (2024E) USD 2,502 million
Projected United States Construction Anchor Industry Value (2034F) USD 4,080.6 million
Value-based CAGR (2024 to 2034) 5%

Sales of construction anchors are also anticipated to rise due to increasing adoption of sustainable and energy-efficient building designs. High demand for prefabricated and modular construction techniques is set to be one of the industry trends in construction anchors in the United States.

There are several opportunities for construction anchors in the United States infrastructure projects. This is mainly driven by the evolving construction sector, which increasingly demands advanced anchors for various applications. These include structural connections and facade restoration.

Construction anchors provide high reliability and efficiency due to small size and strong grip, making these indispensable in modern construction projects. The sector benefits from increased spending in residential construction, particularly single-family housing, and home improvement projects, including additions, alterations, and significant replacements.

Growing demand for construction hardware, pushed by the construction sector’s expansion has also led to an increase in online sales. The popularity of do-it-yourself (DIY) videos and development of the retail sector have made it easy for consumers to access construction hardware like anchors.

The trend is particularly prevalent in the South United States, where the construction anchor industry is expected to dominate throughout the forecast period. Stringent government regulations and booming construction sector are key factors contributing to growth.

Chemical anchor is an important product type in the United States, which is favored in various construction applications due to improved productivity and efficiency. The shift towards fast-curing chemical anchors, which reduce installation time and enhance productivity, is gaining traction.

Key players like Hilti are innovating and launching hybrid formulations, offering benefits such as high strength, fast strength gains, self-compaction, durability, and increased load capacity. Development of new chemicals and formulations continues to make chemical anchors a critical component in ensuring the safety and stability of structures.

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Key Industry Highlights

Government Support to Strengthen Transport Networks Pushes Demand

Increasing large-scale construction projects, surging housing demand, and advancements in energy efficiency all impact the United States construction anchor industry. According to the latest data, the United States government is investing heavily in several initiatives to improve transport networks, communication infrastructure, and power grids.

The government is expected to emphasize strengthening regional transport networks and expand rail connectivity in metropolitan areas. Such initiatives will likely create a high demand for construction anchors in metropolitan areas. The Biden administration’s Infrastructure Investment and Jobs Act, for instance, was implemented in November 2021. This includes capital funding for new roads, bridges, and public transit among other projects.

Rising Residential Projects to Drive Growth in the United States

Residential construction in the United States is expected to rise as demand picks up and the housing sector recovers. This is set to be one of the growth factors influencing the United States construction anchor industry.

With population growth, there is an urgent need for more housing in cities and towns. This demand has led to surging production of anchors and supports ranging from structural components to fixtures.

Rapid growth in the construction sector is expected to be a key driver for the anchor industry. With development of new residential projects, demand for anchorages to protect various elements such as walls, roofs, and fixtures is increasing.

Growing Construction of Offices and Hospitals to Create Avenues

Over the years, the construction anchor sector is projected to witness steady incremental growth. This can be attributed to the fact that several parts of the United States are experiencing favorable economic conditions. Large-scale public infrastructure projects are expected to accelerate, creating opportunities for public-private partnerships.

Industries in country are expected to create new opportunities for several foreign players to enter in the coming years. Due to rising employment and healthcare services, office and hospital construction is expected to surge significantly over the forecast period. As a result, construction anchors will likely be in high demand for office space construction and high-tech hospital facilities.

Surging Modernization of Infrastructure to Propel Demand

The United States is projected to witness a significant boost, primarily fueled by increasing infrastructure investments across the nation. This is attributed to government policies aimed at rehabilitating antiquated infrastructure and improving transportation networks. With the passage of comprehensive infrastructure bills and initiatives at federal, state, and local levels, billions of dollars are being allocated towards modernizing roads, bridges, railways, and public utilities.

As the construction sector gears up to meet the demands of these ambitious projects, companies are innovating and diversifying offerings to meet changing needs, including environmentally friendly and sustainable methods. For instance, the recent passage of the Bipartisan Infrastructure Law in Congress earmarked substantial funds for infrastructure projects nationwide. This presents a golden opportunity for construction anchor manufacturers and suppliers to capitalize on the growing demand for existing products.

2019 to 2023 United States Construction Anchor Sales Analysis Compared to Demand Forecast for 2024 to 2034

Construction anchor demand in the United States grew at a CAGR of 2.8% between 2019 and 2023. Total revenue reached about USD 2,123 million in 2023. In the forecast period, the sector is set to thrive at a CAGR of 5%.

The DIY home improvement sector witnessed significant growth, particularly during the COVID-19 pandemic. Easy availability of light-duty anchors online and rising importance of in-store displays boosted the business. Retailers targeting building maintenance, plumbing, and home improvement purposes successfully capitalized on these trends, pushing the popularity and sales of construction anchors in the DIY segment.

Pre-engineered buildings (PEBs) represented a new manufacturing concept that replaced traditional methods, offering benefits such as less construction time, cost-effectiveness, high quality, low maintenance, and consistent spans. PEBs were widely used in commercial and industrial segments due to rapid urbanization and industrialization. The construction of PEBs required anchors, and the sector grew significantly with the use of PEBs in automotive, warehouses, and other applications.

Government policies and investments in infrastructure were two other key drivers of the United States sector during the historical period. The Bipartite Industry Act and the Infrastructure Procurement Act allocated capital to modernize transportation networks as well as communication and energy infrastructure.

Large-scale projects required robust installation solutions, offering significant opportunities for manufacturers and suppliers. The sector was further supported by the need for new housing units to accommodate the growing urban population, leading to a construction boom that increased demand for anchors.

Over the forecast period, the United States is poised to show healthy growth. This is due to several key factors, including a resurgence in residential construction. Growing emphasis on sustainable and energy-efficient building practices is also boosting the need for specialized anchoring solutions capable of supporting eco-friendly designs and withstanding severe weather conditions.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Industry Concentration

Tier 1 companies comprise leaders with a revenue of above USD 80 million capturing a significant share of 42% to 49% in the United States. These key players in the United States construction anchor industry are characterized by high production capacity and a wide product portfolio.

The leaders are distinguished by extensive expertise in manufacturing multiple anchor types and a broad geographical reach, underpinned by a robust consumer base. These provide a wide range of products by utilizing the latest technology and meeting regulatory standards.

Prominent companies within the Tier I segment include Stanley Black and Decker, Inc., Simpson Strong-Tie Company, Inc., EJOT Holding GmbH and Co. KG, Hilti Corporation, Misumi Corporation, Unika Co. Ltd., EMC Fasteners and Tools, Ningbo Londex Industrial Co. Ltd., HASM Co. Ltd., ITW, TOGGLER, Sika, Adolf Wurth GmbH and Co. KG, and Cobra Anchor Fischer Fixings.

Tier 2 includes most of the small-scale companies operating at the local level and serving niche sectors having low revenue. These companies are notably oriented towards fulfilling local demands and are consequently classified within the Tier 2 segment. These small-scale players have limited geographical reach.

Comparative Industry Overview

The United States construction anchor industry will likely be impacted by the peer or tangential sectors in the industrial automation and chemicals and materials divisions. These include the compact construction equipment and construction chemical sectors. Analysis of these related sectors can provide deeper insights that may be helpful for developing unique differentiating strategies to pursue growth and opportunities.

Compact Construction Equipment Industry Assessment:

Compact construction equipment demand is estimated to rise by 2034 on the back of an increasing trend toward global position system (GPS) tracking solutions. Companies are integrating GPS into existing equipment to help prevent theft.

Attributes Description
Related Industry Compact Construction Equipment Industry
CAGR (2024 to 2034) 3.8%
Growth Factor Rising building and construction activities, particularly smart city projects
Opportunity Surging spending on infrastructure and public transport by government bodies
Key Trend Growing preference for compact wheeled loaders

Construction Chemical Industry Assessment:

Construction chemicals are projected to witness high demand through 2034 with rising development of bridges, roads, dams, and smart cities. Growing demand for sustainably sourced chemicals is also set to create new opportunities.

Attributes Description
Related Industry Construction Chemical Industry
CAGR (2024 to 2034) 5.2%
Growth Factor Ongoing mechanization of the construction sector
Opportunity Development of concrete admixtures to enable quick construction
Key Trend Growing need to enhance the aesthetic appeal of residential properties

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Region-wise Insights

The table below highlights key regions across the United States. South, Midwest, and West United States are expected to remain the three key consumers of construction anchors. The three regions are set to record considerable CAGRs of 4.4%, 4.9%, and 5.5%, respectively, through 2034.

Region CAGR 2024 to 2034
Northeast United States 5.7%
West United States 5.5%
Midwest United States 4.9%
South United States 4.4%

Rising Industrial Projects to Spur Growth in South United States

The South United States is projected to reach USD 1,398.6 million by 2034. Over the assessment period, demand in the region is set to rise at a 4.4% CAGR.

The region's booming construction sector is mainly driven by growing urbanization and infrastructure development activities. The South United States is experiencing increasing investments in residential, commercial, and industrial development projects. Modern anchoring technologies, such as chemical and undercut anchors, have gained popularity due to enhanced performance, simplicity of installation, and capacity to support enormous loads.

Increasing focus on sustainable development and environmentally conscious construction techniques is expected to propel demand for sustainable anchoring solutions. Several Southern states, such as Texas and Florida, have passed legislation and incentives to encourage the development of industrial facilities, leading to an increasing need for anchoring systems.

Facility Expansion in Midwest United States to Create Opportunities

Demand for construction anchors in the Midwest is expected to rise significantly due to several factors. The state government in the Midwest has introduced policies and incentives to encourage investments in manufacturing and industrial infrastructure.

Programs such as the Ohio Job-creation Tax Credit and the Indiana Edgy Tax Credit have helped expand existing facilities and build new ones. Important construction projects, such as the Terminal 1 modernization at Detroit Metropolitan Airport, the Toyota-Mazda plant in Huntsville, and the Rivian Automotive plant expansion in Illinois are prime examples of developments driving demand.

The region’s commitment to eco-friendly construction methods and energy-efficient design encourages architects to adopt innovative anchor solutions with green building certifications. Sales in the Midwest are projected to soar at a CAGR of around 4.9% during the evaluation period. Total value in the region is anticipated to reach USD 1,000.1 million by 2034.

Integration of Construction Anchors in Seismic Retrofitting in West United States

The western part of the United States is considered an evolving sector for construction anchoring solutions. Rapid development of smart cities is causing a construction boom on the West Coast, notably in California.

Innovation clusters and developing economies in these areas have resulted in significant investments in both commercial and residential buildings. This growth has also fueled the need for construction anchors, which are necessary for structural reinforcements, façade installations, and seismic retrofitting.

The West is vulnerable to tectonic plate shifts, leading to the rising use of advanced anchoring solutions capable of withstanding seismic activities. This requirement has led to the introduction of improved anchors. These help provide high load-bearing capacity and enhanced resilience to seismic stresses, maintaining structural integrity across earthquake-prone locations.

The West is anticipated to total USD 908.3 million by 2034. Over the forecast period, demand in the region is set to increase at a steady CAGR of 5.5%.

Category-wise Insights

The section below shows the chemicals segment dominating based on product type. The segment is forecast to thrive at a 5% CAGR between 2024 and 2034.

Based on application, the building construction segment is anticipated to hold a dominant share through 2034. The segment is set to exhibit a CAGR of 4.7% during the forecast period.

Chemical Anchors to Find Extensive Use with Easy Installation Process

Segment Chemicals (Product Type)
Value CAGR (2024 to 2034) 5%

Based on product type, the chemical segment is set to hold a significant volume share of 91.8% in 2024. Over the forecast period, demand for chemicals is forecast to rise at a CAGR of 5% CAGR. By 2024, the target segment is estimated to reach USD 2,297.2 million.

Chemical anchors, particularly injectable and capsule adhesive anchors, have potent load-bearing capabilities and exceptional binding strengths. Hence, these are set to be perfect for demanding applications, including structural reinforcements, seismic retrofitting, and heavy machinery installations. These can be used on a variety of foundation materials, including concrete, masonry, and hollow or solid brick substrates.

Chemical anchors are highly resistant to harsh environmental conditions such as extreme temperatures, humidity, and solvents. Furthermore, the technique of installing these anchors is easy and does not need substantial drilling or anchoring holes, lowering the danger of substrate damage and saving installation time.

Chemical anchors have become increasingly popular as there is a strong desire for sustainable manufacturing processes. Several manufacturers are developing environmentally friendly anchors that are separated from volatile organic compounds (VOCs) and that comply with stringent environmental regulations.

Building Construction Sector to Demand Novel Anchors

Segment Building Construction (Application)
Value CAGR (2024 to 2034) 4.7%

In terms of application, the building construction segment is projected to thrive at 4.7% CAGR during the forecast period. The segment is set to attain a value of USD 1,668.1 million by 2034.

Key cities such as New York, Los Angeles, and Miami invest heavily in new construction projects, including high-rises and office complexes. Increasing adoption of sustainable building systems requires advanced anchor solutions that can withstand extreme weather.

The United States government allocates capital for the construction and maintenance of public facilities such as schools, hospitals, and government buildings. This initiative is expected to lead to a surge in the utilization of construction anchors for structural reinforcements.

Competition Outlook

The United States construction anchor industry is fragmented, with leading players accounting for about 42% to 49% share. Stanley Black and Decker, Inc., Simpson Strong-Tie Company, Inc., EJOT Holding GmbH and Co. KG, Hilti Corporation, Misumi Corporation, Unika Co. Ltd., EMC Fasteners and Tools, Ningbo Londex Industrial Co. Ltd., HASM Co. Ltd., ITW, TOGGLER, Sika, Adolf Wurth GmbH, and Co. KG, and Cobra Anchor Fischer Fixings are the leading manufacturers of anchors listed in the report.

Innovations in construction anchor technology in the United States are enabling leading players to compete with rivals. Environmental sustainability considerations in the production of construction anchors are also compelling a few players to launch eco-friendly anchors. However, the regulatory landscape of construction anchors in the United States is stringent. This is anticipated to slow down growth as companies strive to gain fast-track approvals from authorities to distribute new products.

Industry Updates

  • In August 2023, Green Crete Technologies, based in Indiana, introduced a post-anchor mix named Boa Hold. The product was mainly developed to improve outdoor construction with ease and efficiency.
  • In December 2023, the new Knox Street project was started in Dallas. The mixed-use development was a result of a joint venture between Highland Park Village Associates, The Retail Connection, Trammell Crow Co., and MSD Partners. Such projects are estimated to propel the demand for anchors.

Leading Construction Anchor Brands in the United States

  • Stanley Black and Decker, Inc.
  • Simpson Strong-Tie Company, Inc.
  • EJOT Holding GmbH and Co. KG
  • Hilti Corporation
  • Misumi Corporation
  • Unika Co. Ltd.
  • EMC Fasteners and Tools
  • Ningbo Londex Industrial Co. Ltd.
  • HASM Co. Ltd.
  • ITW
  • Sika
  • Adolf Wurth GmbH and Co. KG
  • Cobra Anchor
  • Fischer Fixings

Key Segments of Industry Report

By Product Type:

The three main product types include metal, chemical, and light-duty anchors. The metal segments are further divided into wedge, undercut, concrete screws, drop-in, sleeve and nail, and cast-in anchors. Two key chemicals are injectable and capsule adhesive anchors. The light-duty segment is sub-segmented into nylon plugs, drywall plugs, drywall screws, insulation anchors, and metal screws.

By Application:

The four leading applications are building construction, civil engineering, construction installation, and DIY.

By Sales Channel:

Leading sales channels include direct sales, distributor sales, retail sales, home centers, and online sales.

By Region:

The report contains in-depth information about important regions like the Northeast, Midwest, South, and West United States.

Frequently Asked Questions

What was the value of the sector in 2023?

The sector was valued at USD 2,123 million in 2023.

How big is the sector?

The sector is set to reach USD 2,502 million in 2024.

At what rate will demand rise through 2034?

Demand is anticipated to rise at 5% CAGR.

What is the expected size in 2034?

The sector is set to reach USD 4,080.6 million by 2034.

Which application segment is expected to lead?

Building construction is expected to lead.

Table of Content

1. Executive Summary

2. Industry Introduction, including Taxonomy and Industry Definition

3. Construction Anchor Trends and Success Factors, including Macro-economic Factors, Industry Dynamics, and Recent Industry Developments

4. Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections

5. Pricing Analysis

6. Analysis 2019 to 2023 and Forecast 2024 to 2034

    6.1. Product Type

    6.2. Application

    6.3. Sales Channel

7. Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type

    7.1. Metal

        7.1.1. Wedge Anchors

        7.1.2. Undercut Anchors

        7.1.3. Concrete Screws

        7.1.4. Drop-in Anchors

        7.1.5. Sleeve and Nail Anchors

        7.1.6. Cast-in Anchors

    7.2. Chemical

        7.2.1. Injectable Adhesive Anchors

        7.2.2. Capsule Adhesive Anchors

    7.3. Light Duty Anchors

        7.3.1. Nylon Plugs

        7.3.2. Drywall Plugs

        7.3.3. Drywall Screws

        7.3.4. Insulation Anchors

        7.3.5. Metal Screws

8. Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

    8.1. Building Construction

    8.2. Civil Engineering

    8.3. Construction Installation

    8.4. DIY

9. Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel

    9.1. Direct Sales

    9.2. Distributor Sales

    9.3. Retail Sales

    9.4. Home Centers

    9.5. Online Sales

10. Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    10.1. Northeast United States

    10.2. Midwest United States

    10.3. South United States

    10.4. West United States

11. Northeast United States Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

12. Midwest United States Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

13. South United States Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

14. West United States Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries

15. Sales Forecast 2024 to 2034 by Product Type, Application, and Sales Channel for 30 Countries

16. Competition Outlook, including Industry Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard

17. Company Profile

    17.1. Stanley Black & Decker, Inc.

    17.2. Simpson Strong-Tie Company, Inc.

    17.3. EJOT Holding GmbH & Co. KG

    17.4. Hilti Corporation

    17.5. Misumi Corporation

    17.6. Unika Co. Ltd.

    17.7. EMC Fasteners and Tools

    17.8. Ningbo Londex Industrial Co. Ltd.

    17.9. HASM Co. Ltd.

    17.10. ITW

    17.11. TOGGLER

    17.12. Sika

    17.13. Adolf Wurth GmbH & Co. KG

    17.14. Cobra Anchors

    17.15. Fischer Fixings

    17.16. Construction Engineered Attachment Solutions

    17.17. MKT Fastening, LLC

    17.18. SFS Group Fastening Technology Ltd.

    17.19. CHEMFIX

    17.20. RAWLPLUG


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