The market for pipes worldwide market was valued at US$ 127.2 billion in 2021 and is anticipated to grow at a CAGR of 5.4% to reach US$ 225.5 billion by 2032. The growth is being supported by increasing industrial application, and by the end of the forecast period, this segment is expected to hold more than 25.6% of the market share (2022-2032).
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The demand for high-speed industrial, commercial, and residential construction is expected to grow, which will bolster the market for gas pipes. Additionally, there is a growing need for wastewater management in the municipal and industrial sectors. Governments are having to spend a lot of money on operating and maintaining water and wastewater management systems as well as installing new pipelines as a result.
The audience seating at outdoor venues also benefits from the use of anchors, as they provide a safe and secure way to keep people in their seats during an event. Anchors can also be used to fasten large objects in places, such as sculptures or signs.
The market is witnessing growth due to the increasing demand for new build extensions and project investment in developing countries. The building construction segment is expected to hold the largest share of the global construction anchors market over the forecast period.
“Increasing residential construction activities in the development of smart cities, along with growing demand for construction anchors made from sustainable materials will augment the growth in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- By Application, retail sales are expected to grow at a CAGR of 6.2% during the forecast period.
- By product type, the metal segment is anticipated to dominate the market of construction anchors and is further expected to account for about 36.6% of the market share.
- By sales channel, the retail segment is projected to lead the construction anchors market and is further anticipated to create an absolute dollar opportunity worth US$ 2,033.5 Mn in between the forecast period.
- In terms of region, construction anchor sales in Europe are estimated to exhibit a CAGR of 6.3%.
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Construction Anchors Market Competitive Landscape
Manufacturers are strategically collaborating with technology partners for long supply relations and to instigate a central control unit for different ADAS technologies.
Summary
The research report analyses the market demand trend for the construction anchors. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market
Among the industry’s key players are Stanley Black & Decker, Inc, Hilti Corporation, Simpson Manufacturing Co., Inc, EJOT Holding GmbH & Co. KG, Misumi Corporation, Ancon Limited, Fosroc Chemicals (India) Private Limited, Unika Co. Ltd, UNIQUE FASTENERS P. LTD , Yuyao City Xintai Hardware Co. Ltd, FIXDEX Fastening Technology, EMC Fasteners and Tools, Ningbo Londex Industrial Co. Ltd, HASM Co. Ltd and others.
background. As per Future Market Insights’ research scope, the construction anchors market report is studied and analyzed in the following segments such as by product type, application, sales channel & regions. The construction anchors market report gives us qualitative and quantitative information about the companies.
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Significant growth in the infrastructure and wastewater management industry and introduction of stringent government regulations are expected to positively impact the growth of the global pipes market over the coming years.
Also, the rising demand of pipes in residential sectors, large public infrastructure projects, and places such as hospitals, malls is crating lucrative growth prospects for the pipes market players.
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