The Facade Anchor Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Facade Anchor Systems Global Market Report 2024, The facade anchor systems market size has grown strongly in recent years. It will grow from $156.86 billion in 2023 to $166.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to urbanization and population growth, stringent building safety regulations, architectural trends and design complexity, focus on energy efficiency in buildings, increased use of glass in facades.
The facade anchor systems market size is expected to see strong growth in the next few years. It will grow to $204.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to adoption of building information modeling, increasing focus on seismic resilience, growth in smart cities initiatives, enhanced fire safety standards, growing awareness of façade maintenance. Major trends in the forecast period include integration with smart building technologies, digitalization in design and construction, innovations in fixing technologies, customization for architectural designs, retrofitting and renovation solutions.
The rise in the construction industry is anticipated to boost the growth of the facade anchor systems market going forward. The construction industry refers to the commercial manufacturing and trade sector that deals with developing, preserving, and repairing infrastructures. Facade anchor systems are utilized as fastening components in the building industry to attach cladding panels to the outer wall. As a result, the building industry expansion will enhance the facade anchor systems market. For instance, according to a report published by ConstructConnect, a US-based provider of software solutions for the preconstruction industry, in 2021, the overall amount spent on construction in 2020 was $1.43 trillion, an increase of 4.8%. The rise in construction spending last year resulted from a nearly 12% increase in residential development that cost $813.9 billion in 2020. Additionally, in March 2023, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted yearly basis. This is 13.8% more than the January rate, which was corrected to 1,339,000. Therefore, the rise in the construction industry is driving the growth of the facade anchor systems market.
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The facade anchor systems market covered in this report is segmented –
1) By Product Type: Façade Anchor, Masonry Anchor
2) By Application: Masonry, Concrete, Curtain Wall, Other Applications
3) By End-User: Residential, Non-Residential
Product innovation is the key trend gaining popularity in the façade anchor systems market. Major companies operating in the façade anchor systems market are focusing on developing innovative products to strengthen their position in the market. For instance, in May 2022, REFLECTION WINDOW + WALL, a US-based architectural building enclosure company, launched Tomahawk 2 anchor, a revolutionary addition to its UWall system notched vertical universal wall system. The unique feature of Tomahawk 2 is its ability to improve the UWall system by removing post-tension cable interference during construction. The adjustable stack joint location of the Tomahawk 2 anchor sets it apart from other notched vertical speed anchor systems currently on the market and gives users the ability to move the stack above the slab to accommodate knee walls and interior partitions.
The facade anchor systems market report table of contents includes:
1. Executive Summary
2. Facade Anchor Systems Market Characteristics
3. Facade Anchor Systems Market Trends And Strategies
4. Facade Anchor Systems Market – Macro Economic Scenario
5. Global Facade Anchor Systems Market Size and Growth
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26. South America Facade Anchor Systems Market
27. Brazil Facade Anchor Systems Market
28. Middle East Facade Anchor Systems Marke
29. Africa Facade Anchor Systems Market
30. Facade Anchor Systems Market Competitive Landscape And Company Profiles
Top Major Players:
- Heckmann Building Products Inc.
- Davit Arm Systems Inc
- WIRE-BOND Inc
- EJOT Group
- Monarch Metal Fabrication Inc
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