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A16319 | Pages: 189 | Charts: 54 | Tables: 136 |
The global facade anchor systems market size was valued at $490.9 million in 2021, and is projected to reach $851.2 million by 2031, growing at a CAGR of 5.7% from 2022 to 2031.A façade is a building component that is installed on the exterior face of a building and facade anchor system is designed to secure a facade to the concrete and masonry substrate of a building. It is a hidden undercut facade anchor that keeps the facade panel's aesthetics. It includes a wide range of bars, fasteners, and brackets to support numerous facades.
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Market dynamics
The growing construction sector across the globe will have a significant impact on the growth of the façade industry. The global construction output is expected to grow by 85% by 2030, creating a market of around $15.5 trillion. In addition, the rapid rise in urbanization has increased the demand for residential and commercial buildings, thereby boosting the demand for façade anchor system market during the forecast period. One of the reasons for the growth is anticipated to be the rise in focus on public-private partnerships (PPP). These partnerships are characterized as joint ventures between government and private sector companies for the construction of public infrastructure systems. In this type of partnership, a private company handles a project and lends technical & operational expertise to government projects. The growth in public-private partnerships in different countries such as India, Africa, and China are expected to fuel the growth of the Facade anchor system end-user segment. Further, the rise in urbanization across the world has increased the demand to build infrastructure such as residential and non-residential. By 2040, the global population is estimated to grow approximately by 2 billion with the urban population growing by over 40%. In addition, many governments across the globe have formulated several initiatives, which aim to reduce the total amount of energy used by buildings. These strategies play a key role for the façade industry as façade system have a significant effect in improving the overall performance of the building by providing aesthetic look, excellent thermal efficiency, which helps in improving the building efficiency thereby cutting down the energy cost. However, factors such as fluctuating prices of raw materials and installation cost are anticipated to restrain the facade anchor systems market growth. Moreover, technological development in façade anchor systems products, such as adoption of better grade material for durability and new software for façade anchor designing is expected to provide lucrative opportunities for players that operate in the Facade anchor system market.
The demand for the facade anchor system decreased in 2020, owing to low demand from different industries due to lockdowns imposed by the government of many countries. The COVID-19 pandemic has shut down production of various products for the Facade anchor system end-user, owing to prolonged lockdowns in major global countries. This has hampered the growth of the Facade anchor system market significantly during the pandemic. The major demand for construction materials was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which was severely affected by the spread of coronavirus, thereby halting demand for façade anchor system. Facade anchor system manufacturers must focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Segmental Overview
The Facade anchor system market is segmented on the basis of type, application, end-user, and region. By type, it is divided into façade anchor and masonry anchor. By application, it is divided into masonry, concrete, curtain wall, and others. By end-user, it is divided into residential and non-residential. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
[TYPEGRAPH]
By type: The Facade anchor system market is divided into façade anchor and masonry anchor. In 2021, the façade anchor segment dominated the Facade anchor system market, in terms of revenue, and is expected to maintain this trend during the forecast period. However, masonry anchor is anticipated to grow at a significant CAGR. A façade is generally the front part or exterior of a building. Façade anchor is used to install the façade to the concrete and masonry substrate of a building. It is one of the important building components that improves the exterior elegance of a building. In addition, it improves the energy efficiency of the building by keeping the harsh radiation of the sun out of the building. Furthermore, several types of facades require different types of anchor systems such as metal cladding anchorage system and masonry wall façade anchorage system. Moreover, the façade anchor system includes brackets, fasteners, bolts, and bars. Rise in the construction of residential and non-residential buildings is expected to boost the growth of the façade anchor system market.
[APPLICATIONGRAPH]
By application: The Facade anchor system market is divided into masonry, concrete, curtain wall, transportation, and others. The curtain wall segment is expected to grow at the highest CAGR during the forecast period. However, concrete segment generated the highest revenue in 2021. A building façade system is installed onto an exposed surface of a building and provides a substrate for installation of façade elements such as stone, stucco and others. It provides a corrosion-resistant structure adapted to withstand extended environmental exposure. In addition, increasing number of constructions of residential and non-residential is expected to increase the demand for facade anchor system. Further, façade helps in making building energy efficient by preventing solar radiation from reaching into the building and hence reduces the cost of electricity by 5-7%. Such factors are anticipated to boost the growth of the market during the forecast period. In addition, curtain wall can be installed with several options either inside, outside, or structurally, which installation anchor is used to fix the frame wall. It has several advantages such as energy efficiency, resist air and water infiltration. In addition, rise in construction activities in developing countries such as India, China and increase in demand for high appealing design for building creating the demand for curtain wall, which is expected to boost the façade anchor system market during the forecast period.
[ENDUSERGRAPH]
By end-user: the Facade anchor system market is categorized into residential and non-residential. The residential segment dominated the market and is expected to dominate during the forecast period. Over the last few years, residential construction has witnessed substantial growth due to the growing urban population across the globe, especially in the Asia-Pacific. The Asia-Pacific residential construction is expected to grow at a significant rate over the forecast period as public and private entities attempt to satisfy the demand for housing created due to rapid urbanization. In addition, the residential construction expenditure of China is expected to increase every year till 2030. Rise in disposable income of population and change in standard of living drive the adoption of façade anchor system in residential properties; thereby, boosting the growth of the market.
[REGIONGRAPH]
By region: The Facade anchor system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific had the highest Facade anchor systems market share and is anticipated to secure the leading position during the forecast period, due to extensive demand in the residential segment. The major players are striving to develop manufacturing units in these markets to improve production quantities as well as serve the Asian industries such as construction. Furthermore, according to the report published by the Overseas Development Institute (ODI) based in London, the Asian regional economy grew by 6% in 2017 and is projected to grow significantly until 2025. This influences the overall growth of construction and manufacturing facilities in these regions. Strong economic growth, rapid urbanization, and presence of large population base significantly contribute toward the growth of the facade anchor system market in Asia-Pacific. In addition, increase in remodeling and repairing work in developing countries such as China, India, Vietnam, and Indonesia fuel the demand for facade anchor system. China is the one of the most valued construction markets in Asia-Pacific, and its construction expenditure is expected to increase every year until 2030, owing to rise in income levels and rapid urbanization & industrialization.
Furthermore, an upsurge in demand for facade anchor system from industrial and commercial sectors is expected to fuel the market growth. For instance, China is estimated to have 221 cities with more than 1 million inhabitants by 2025. Moreover, according to the Organization for Economic Cooperation and Development (OECD), the middle-class population is expected to reach 1 billion by 2030, due to which the demand for facade anchor system will increase at a higher pace in the near future, thereby propelling the growth of the market. Moreover, China is one of the major exporters of Facade anchor system globally.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major players in the Facade anchor system market, such as EJOT Holding GmbH & Co. KG, CRH PLC (Halfen), Heckmann Building product, Hilti Group, Hohmann & Barnard Inc., KEIL Befestigungstechnik GmbH, Knight Wall Systems, Monarch Metals Inc., Simpson Strong Tie, Wire Bond are provided in this report. There are some important players in the market such as CRH PLC, Simpson Strong Tie and EJOT Holding GmbH. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the Facade anchor system market.
Some examples of product launches in the market
In July 2020, the Germany based anchor systems manufacturer, EJOT Holding GmbH & Co. KG launched the CROSSFIX. It is the first stainless steel substructure that can be used for both horizontal and vertical support profiles. The product launch has enhanced the product offerings of the company to sustain the competition in the façade anchor system market.
Acquisitions in the market
In December 2021, Simpson Manufacturing Co., Inc. A leader in the engineered structural connectors and building solutions, announced the submission of a binding offer to acquire the Etanco Group. Etanco Group is a leading designer, manufacturer, and distributor of fixing and fastening solutions for the building construction market in Europe. This move will assist Simpson in expanding its product portfolio and geographic foothold in Europe.
Business Expansion in the market
Moreover, business expansion strategies also assist in enhancing the geographic footprint of the company and help in gaining significant market share for façade anchor systems products. For instance, in May 2021, Knight Wall Systems, a building envelope industry in rainscreen cladding, announced it expanded its fabrication plant in eastern Washington to double its production capacity.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging global facade anchor systems market trends and dynamics.
In-depth market global facade anchor systems market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
Extensive analysis of facade anchor systems market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
Facade anchor systems market forecast analysis from 2022 to 2031 is included in the report.
The key players within facade anchor systems market outlook are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of facade anchor systems industry.
Key Market Segments
Key Market Players