Facade Anchor Systems Market Expected to Reach $851.2 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Facade Anchor Systems Market," The facade anchor systems market size was valued at $490.90 million in 2021, and is estimated to reach $851.2 million by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

A façade anchor is designed to secure a façade to the concrete and masonry substrate of a building. 

A growth in residential and commercial industry drives the demand for façade systems, fueling the growth of the façade anchor systems market. Increase in residential and non-residential construction and construction renovation industry drives the facade anchor systems market growth. In addition, rise in construction spending in countries such as India, Germany, Japan, the U.S., and others, boosts the growth of the market. For instance, expenditure on private construction activities by the U.S. government increased by over 50% and that on public construction grew by over 20% from 2012 to 2020. However, the fluctuating cost of raw materials and high installation costs constrain the growth of the market.  

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. 

Various manufacturers in the facade anchor system market such as EJOT Holding GmbH & Co. KG, CRH PLC (Halfen), Heckmann Building product, Hilti Group, offer a wide variety of facade anchor system for residential as well as non-residential applications. For instance, 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.  

However, during the pandemic lockdown, various manufacturers in the facade anchor systems market outlook had to stop their business in countries such as China, Australia, the U.S., UAE, and countries in Europe. This break directly impacted sales of facade anchor system manufacturing companies. In addition, the lack of manpower and raw materials constricted the supply of raw materials for facade anchor system; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly. 

KEY FINDINGS OF THE STUDY 

• The report provides an extensive analysis of the current and emerging global facade anchor systems market trends and dynamics.  

• Depending on the type, the façade anchor has dominated the facade anchor systems market, in terms of revenue in 2021 and projected to grow at a significant CAGR during the forecast period. 

• By end-user, the residential segment has registered the highest revenue in 2021. 

• Asia-Pacific is projected to register the highest growth rate in the coming years.  

• The key players within the global facade anchor system market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the facade anchor systems industry.  

• The facade anchor systems market forecast analysis from 2022 to 2031 is included in the report. 

• In-depth global facade anchor systems market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.