U.S. Earth Anchors Market Size, Share & Trends Analysis Report By Product (Arrowhead Anchors, Duckbill Anchors, Screw Pile Anchors, Auger Anchors), By Application, By Installation Type, And Segment Forecasts, 2024 - 2030

U.S. Earth Anchors Market Size, Share & Trends Analysis Report By Product (Arrowhead Anchors, Duckbill Anchors, Screw Pile Anchors, Auger Anchors), By Application, By Installation Type, And Segment Forecasts, 2024 - 2030

U.S. Earth Anchors Market Growth & Trends

The U.S. earth anchors market size is anticipated to reach USD 548.6 million by 2030 and is expected to expand at a CAGR of 3.2% during the forecast period, according to a new report by Grand View Research, Inc. The earth anchors market is experiencing significant growth, driven by its versatility and adaptability across various industries, including construction, agriculture, telecommunications, and renewable energy.

Ease of installation using handheld tools reduces labor costs and accelerates project timelines. Construction spending in the U.S. has steadily increased, reaching a seasonally adjusted annual rate of USD 2,162.70 billion in July 2024. Regulatory compliance and environmental considerations also drive growth, as earth anchors meet building code requirements for secure anchoring of temporary and modular structures without extensive groundwork. Moreover, their cost-effectiveness and minimal soil disturbance make them an attractive option for companies seeking to comply with regulations and prioritize sustainability.

U.S. Earth Anchors Market Report Highlights

• The screw pile anchors segment dominated the product segment with a revenue share of over 25.0% in 2023. The versatility, ease of installation, and minimal soil disturbance of screw pile anchors have driven their increased demand in the market, catering to diverse construction needs.
• Arrowhead anchors are expected to witness a significant CAGR over the forecast period due to increased demand due to their efficient penetration, high holding capacity, and ease of installation, making them a cost-effective solution for various applications.
• Commercial application of earth anchors led the market in 2023 with over 70.0% of the total revenue generated, owing to strong demand for ongoing large-scale construction projects in major U.S. cities.
• In April 2024, building permits reached 1.440 million, indicating continued demand for new residential projects. Most earth anchors were installed professionally in 2023, accounting for over 80.0% of the total installations recorded.
• DIY earth anchors offer a convenient and cost-effective solution for securing solar panels, requiring only handheld tools and eliminating the need for heavy equipment and specialized engineering expertise.

Please note The report will be delivered in 2-3 business days upon order notification.