Overview and Scope
A facade is an architectural item erected on a building’s outside face and meant to hold a facade to a structure’s concrete and masonry substrate. It is used for attaching the cladding panels to the exterior wall.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the façade anchor systems market in 2023. The regions covered in the facade anchor systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the facade anchor systems market report are Heckmann Building Products Inc., Davit Arm Systems Inc., WIRE-BOND Inc., EJOT Group, Monarch Metal Fabrication Inc., Hilti Aktiengesellschaft, Knight Wall Systems Inc., Simpson Strong-Tie Company Inc., Fischer Group of Companies, Halfen GmbH, GRIDWORX LLC, CRH plc, Berkshire Hathaway Inc., Prosoco Inc., EFG Fassadenbefestigungen, KEIL Befestigungstechnik GmbH, TOX Pressotechnik GmbH & Co. KG, Sofa System S.r.l., Hohmann & Barnard Inc., Nichiwa Anchor Systems Co. Ltd., Megatec Anchor Systems GmbH, Würth Fassaden GmbH, ETA Fassadentechnik GmbH, Allfa Aluminium Befestigungssysteme GmbH, MKT Metal & Kunststoff Technik GmbH, S+P Befestigungstechnik GmbH, BEMO Fassadenbefestigungen GmbH, Alumasc Group Limited, Mungo Befestigungstechnik, FACADEFIX Befestigungssysteme GmbH
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
….
31. Global Facade Anchor Systems Market Competitive Benchmarking
32. Global Facade Anchor Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Facade Anchor Systems Market
34. Facade Anchor Systems Market Future Outlook and Potential Analysis
35. Appendix
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