The global mechanical anchors market size was estimated at USD 1,855.1 million in 2022 and is projected to reach USD 2,319.8 million by 2030, growing at a CAGR of 2.8% from 2023 to 2030. The market is witnessing steady growth due to the high demand and widespread installation of mechanical anchors across the building and construction sector, including applications involving historic masonry structures where secure and durable fastening is essential. The increasing adoption of modern construction techniques, along with the need for reliable anchoring solutions, continues to drive the market forward.

Mechanical anchors function by mechanically securing themselves in the base material through a combination of friction and expansion movement, providing strong holding values that ensure structural stability. Among these, mechanical concrete anchors have been gaining significant traction in the market due to their versatility, strength, and ease of installation in concrete applications.

The market offers a variety of mechanical anchor types, each tailored for specific applications and performance requirements. These include wedge anchors, sleeve anchors, machine screw anchors, hammer drive anchors, single expansion anchors, and double expansion anchors. Each type is selected based on the base material, load requirements, and environmental conditions, ensuring optimal performance for both structural and non-structural applications. The wide range of available anchor types, combined with their proven reliability and performance, is expected to further boost demand across diverse construction and industrial projects.

In the U.S., the mechanical anchors industry is expected to experience moderate but steady growth over the forecast period. This is driven by the rising demand for precision machinery and industrial tools across key sectors, including automotive, construction, and aerospace & defense. Although the industry experienced a temporary slowdown in 2020 due to the COVID-19 pandemic, the continued production of building tools and the resumption of construction activities have positively influenced market recovery. Going forward, the emphasis on advanced construction methods and infrastructure development is anticipated to further support the demand for mechanical anchors in the U.S. market.

Key Market Trends & Insights:

• In 2022, the Asia Pacific region emerged as both the largest and fastest-growing market, capturing a 36.7% share of the global mechanical anchors market. This regional dominance is largely driven by rapid urbanization, industrialization, and infrastructure development in countries such as China, India, Japan, and South Korea. The increasing investments in residential, commercial, and industrial construction projects, along with government initiatives to support infrastructure modernization, have significantly contributed to the region’s strong market position. Additionally, the growing adoption of advanced construction technologies and demand for durable and reliable fastening solutions continue to drive market growth across the Asia Pacific.

• By material, the stainless steel segment accounted for the largest and fastest-growing share, representing 54.2% of total revenue in 2022. Stainless steel anchors are preferred in the market due to their exceptional corrosion resistance, high tensile strength, and long-lasting durability, making them suitable for harsh environments, such as coastal areas, industrial sites, and outdoor installations. Their ability to maintain performance under challenging conditions has led to their widespread adoption in both structural and non-structural applications, further supporting the segment’s growth.

• By application, the residential segment accounted for a revenue share of over USD 476.0 million in 2022. The demand in this segment is driven by new housing developments, home renovations, and small-scale construction projects, where mechanical anchors are essential for installing fixtures, supporting structures, and ensuring overall stability. The rise in urban housing construction, coupled with increasing consumer spending on home improvement and safety, has further fueled the growth of mechanical anchors in residential applications throughout the region.

Order a free sample PDF of the Mechanical Anchors Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

• 2022 Market Size: USD 1,855.1 Million

• 2030 Projected Market Size: USD 2,319.8 Million

• CAGR (2023-2030): 2.8%

• Asia Pacific: Largest market in 2022

Key Companies & Market Share Insights:

The global mechanical anchors market is characterized by intense competition, with large multinational companies primarily serving the international demand, while smaller regional players focus on catering to local markets. The presence of a significant number of established product suppliers across various regions creates a competitive landscape, which may pose challenges for new entrants attempting to penetrate the market. The high level of competition ensures constant innovation, improved product quality, and competitive pricing, benefiting end-users but simultaneously making it more difficult for newcomers to establish a foothold without substantial investment or differentiation.

The value chain of the mechanical anchors market involves multiple stages, including raw material suppliers, anchor manufacturers, distributors/suppliers/exporters, and end-users. The primary raw materials used in anchor production are carbon steel and stainless steel, both chosen for their strength, durability, and corrosion resistance. These raw materials are either procured directly by steel manufacturers or sourced through their authorized distributors and suppliers. Anchor manufacturers typically establish long-term agreements and supply contracts with steel producers to ensure a steady and reliable flow of high-quality materials. This structured approach within the value chain ensures efficient manufacturing, timely production, and consistent product availability, which are essential for meeting the growing demands of construction, industrial, and residential applications globally.

Key Players

• Stanley Black & Decker, Inc.

• Guangdong Kin Long Hardware Products Co., Ltd

• Hilti Group

• Simpson Strong-Tie Company, Inc.

• Illinois Tool Works Inc.

• Koelner Rawlplug IP

• Mungo Befestigungstechnik AG

• Prosoco, Inc.

• MITEK IN

• Mudge Fasteners, Inc.

• MKT Fastening, LLC

• Mechanical Plastic Corporation

• UCAN FASTENING PRODUCTS

• fisher Group of Companies

• NINGBO LONDEX INDUSTRIALS CO., L.T.D.

• Cobra Anchors

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The global mechanical anchors market is experiencing steady growth, driven by increasing demand across the building and construction sector, including applications involving historic masonry materials. Asia Pacific leads the market, both in size and growth rate, due to rapid urbanization and infrastructure development. Stainless steel anchors dominate the material segment, favored for their corrosion resistance and strength. The residential sector is a significant application area, reflecting the ongoing construction and renovation activities. The market's expansion is supported by a diverse range of anchor types and materials, catering to various structural needs and environmental conditions.