Global Facade Anchor Systems Market Size 2024, Forecast To 2033
6 Mar, 2024
The facade anchor systems market has experienced robust growth, increasing from $156.86 billion in 2023 to $166.53 billion in 2024, with a substantial compound annual growth rate (CAGR) of 6.2%. The growth in the historic period is attributed to factors such as urbanization and population growth, stringent building safety regulations, architectural trends emphasizing design complexity, a focus on energy efficiency in buildings, and an increased use of glass in facades. Turning towards 2028, the facade anchor systems market is expected to sustain strong growth, reaching $204.85 billion at a CAGR of 5.3%. The expected growth in the forecast period is associated with factors including the adoption of building information modeling (BIM), an increasing focus on seismic resilience, growth in smart cities initiatives, enhanced fire safety standards, and a growing awareness of facade maintenance. Major trends for 2028 encompass integration with smart building technologies, digitalization in design and construction processes, innovations in fixing technologies, customization for architectural designs, and solutions related to retrofitting and renovation.
Global Facade Anchor Systems Market Key Driver
The growth of the facade anchor systems market is closely tied to the expansion of the construction industry. Facade anchor systems serve as essential fastening components in building construction, facilitating the attachment of cladding panels to outer walls. With the construction industry encompassing commercial manufacturing and trade activities focused on infrastructure development and maintenance, the demand for facade anchor systems is poised to surge. For instance, data from ConstructConnect reveals a substantial increase in construction spending, reaching $1.43 trillion in 2020, representing a 4.8% rise. The surge in residential development, amounting to $813.9 billion in 2020, contributed significantly to this growth. Additionally, statistics from the United States Census Bureau indicate a notable uptick in the number of privately owned housing units approved by building permits in February 2023, totaling 1,524,000 on a seasonally adjusted yearly basis, marking a 13.8% increase from January figures. These trends underscore the pivotal role of the construction industry in propelling the facade anchor systems market, with market size projections for 2023, 2024, and 2028 reflecting this upward trajectory.
Get A Free Sample Of The Global Facade Anchor Systems Market ReportGlobal Facade Anchor Systems Market Segments
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
By Geography:The regions covered in the facade anchor systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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
Major Facade Anchor Systems Industry Players
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
Get The Full Global Facade Anchor Systems Market Report
Facade Anchor Systems Market Overview
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.
Facade Anchor Systems Global Market Report 2023 provides data on the global facade anchor systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The facade anchor systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.