Beam Clamp Market

Beam Clamp Market Outlook (2022-2032)

The global beam clamp market is set to surpass a valuation of US$ 2,804.6 million in 2022 and further grow at a CAGR of 7.1% to reach 5,571.1 million by the end of 2032.

Sales of beam clamp accounted for more than 20% of the global clamp market in 2021, marking prominent revenue share.

Report Attributes	Details
Beam Clamp Market Size (2021A)	US$ 2,638.5 Million
Estimated Market Value (2022E)	US$ 2,804.6 Million
Forecasted Market Value (2032F)	US$  5,571.1 Million
Global Market Growth Rate (2022-2032)	7.1% CAGR
North America Market Share (2022)	~ 25.4%
North America Market Value (US$ Mn), 2022	US$  711.9 Million
Europe Market Share (%), 2022	~18.5%
Europe Market Value (US$ Mn), 2022	US$  519.1 Million
China Market Share (%), 2022	~9.9%
China Market Value (US$ Mn)	US$ 276.41 Million
Top 3 country Market Share (%)	~38%
Key Companies Profiled	Eaton Gibson Stainless & Specialty, Inc. Producto Electric Corp. Webb-Rite Safety Bird Barrier America, Inc., Elgen Manufacturing Company, Inc., Panduit PHD Manufacturing, Inc General Clamp Industries, Inc., (Super Clamp) Haydon Corporation. Globe Pipe Hanger Products Inc. E-Tech Components UK Ltd

Sales Analysis of Beam Clamp (2017-2021) Vs. Market Forecast Outlook (2022-2032)

As per the historical analysis (2017 - 2021), the market witnessed a dip in 2020 due to the Covid-19 pandemic. The market value of the beam clamp market in 2020 was US$ 2,490.4 Mn. Countries such as China, the U.S., Canada, Japan, Germany, and India played a significant role in increasing the market value of the beam clamp market after the pandemic situation was eased.

Due to the restriction caused by the pandemic, the construction industry along with several other industries witnessed several restraints due to the disruption of the global supply chain. Fact.MR predicts that beam clamp revenue will reach a valuation of US$ 5,571.1 Mn in 2032, and will grow at a CAGR of 7.1%.

Demand for steel-based beam clamp is expected to accelerate during the forecast period and is expected to capture a market share of 67.1% in the segment. In 2020, the top 5 providers of beam clamp captured nearly 20% market share in terms of revenue.

The forecast period demand and growth of the market look good, due to the increasing investments being made in infrastructural developments. The rising demand among consumers for lightweight and advanced tools has also attributed to the demand for such products in the construction and manufacturing industries.

• Short Term (2022 Q2 to 2025): Increased investment in dependent industries to increase the sales of beam clamps.

• Medium Term (2025-2028): Increasing the clamping efficiency of the device to improve its market growth.
• Long Term (2028-2032): Integration of sensors to give data related to the clamping of the device will increase its customer base and improve market penetration.

Over the 2017-2021 historical period, the global beam clamp market registered a market value of US$ 2,638.5 Mn during 2021, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 7.1% CAGR between 2022 and 2032.

Market share analysis of beam clamp based on clamp type and region is provided in a nutshell in the above image. Under the clamp type segment, the mouth beam clamp sub-segment dominates with 32.5% market share in 2022.

What’s Driving Demand for Beam Clamp across the Globe?

“Construction Industry to Increase the Demand for Beam Clamps in the Future”

The construction industry has provided significant opportunities for the global beam clamp market. The market value of the construction industry in 2022 is expected to be between US$ 2.5 Tn-3 Tn and is expected to cross a valuation of more than US$ 17 Tn by 2032. The development of vertical buildings has increased vertical lifting operations and associated construction activities, which has dramatically increased the application of beam clamp in the construction and manufacturing industries.

In addition to this, the expansion of industrialization and urbanization is also playing a major role in increasing the demand for beam clamp. Although, the utilization of overhead safety protection such as fire protection systems, short circuit protection, and other safety systems in industrial and residential applications accounts for noteworthy demand for beam clamp. This market is predicted to provide significant opportunities for the global beam market in the next couple of years.

“Ascending Industrialization to Play a Major Role in Beam Clamps Market Growth”

Global industrialization development is witnessing a high growth rate in all the prominent regions such as North America, Asia Pacific, Africa, Europe, and the Middle East. This has surged the applications of smart tools. These tools have the ability to improve productivity and reduce operational time. Among all materials used to make clamp, steel is expected to have the highest market share of 67.1% to reach value of US$ 1,882.3 Mn in 2022.

The beam clamp provides a strong temporary connection between two beams without drilling and welding operations and as a result, provides operational flexibility. In addition to this, most industrial equipment such as overhead ventilation systems, fire hydrant systems, and others are attached by beam clamp. Eventually, this industrialization is projected to increase the beam clamp demand and is expected to drive the global beam clamp market for the next two decades.

What Concerns Should Beam Clamp Manufacturers Look Out For?

“Regulations Affecting the Construction Industry to Affect the Sales of the Global Beam Clamp Market”

The construction industry is a leading industry employing more than 285 million individuals across the globe. Construction activities require a huge space, which was generally occupied by trees. Construction industries are expected to generate a significant amount of pollution. The construction industry alone contributes to 25%-40% of the global CO2 levels.

Government regulations such as land approval, environment clearance, land-to-height ratio, and other contracts are attributed to limit construction activities across the globe. The construction industry is the foremost end-user, and this industry accounts for the largest market share of global beam clamp, due to these regulations the demand for beam clamp is poised to be reduced and likely to constrain the new opportunities for revenue generation.

“The Rising Prices of Raw Materials to Act as an Obstacle to the Growth of the Market”

Steel is extensively been utilized for the manufacturing of beam clamp and has the highest market share of 66.9% among all other materials in 2021. A variety of other materials are also used such as carbon steel, aluminum, malleable iron, and copper for the manufacturing of these products. The increasing and constantly fluctuating prices of raw materials are attributed to affect the value chain and as a result, affect the retail price of the product as well.

This will directly influence the demand of this product and limit its utilization. Due to rising prices, a shift from end-users has been observed from the utilization of beam clamp to alternating mechanical and permanent methods such as drilling and welding. It is projected to hamper the demand and growth outlook and directly influence the production capacity.

Country-wise Insights

How Mature is the Beam Clamp Market Operation in China?

China is one of the leading manufacturers and consumers of beam clamps. It is expected to hold a global market share of 9.9% and a regional market share of 49.2% in 2022. It is the most prominent consumer in the East Asia region. The rapid urbanization and industrialization witnessed in the country has considerable increased the demand for the product from consumers end and this demand is expected to witness exponential growth during the forecast period.

East Asia holds the second-highest regional market share in 2021 at 19.9%. The market in China is expected to create a value of more than US$ 616.8 Mn in 2032 and is anticipated to capture a global market share of 11.1% by end of forecast period.

How does India Fare in Beam Clamp Market?

The surging infrastructure development in the Asia Pacific region is anticipated to drive the global beam clamp market during the forecast period. The Asia-Pacific infrastructure industry is poised to grow at 7-8% during the forecast period. To realize India’s aim of reaching an economy valuation of US$ 5 Tn by 2025, development in infrastructure is the need of the hour. In 2021, the infrastructure activities carried out in India accounted for about 13% share of the total FDI inflows, which had a valuation of US$ 81.72 billion. India is expected to have a market valuation of US$ 142 Mn in 2022 and grow at a CAGR of 8.8% during the forecast period. Due to rising infrastructure development, India is expected to hold a market share of about 31.6% in 2022 in the South Asia region.

Category-wise Insights

How is the Online Sales Segment Performing in the Global Market?

In the past few years, online channels have witnessed a boom, especially due to the Covid 19 pandemic, and have created abundant opportunities for manufacturers around the world. This segment comprises of three sub-segments, of these, supplier sales are expected to have the highest market share of 42.2% in 2022. The third-party online sales channels come second in number and are expected to have a market share of 31.5% in 2022.

In terms of market valuation, online sales are expected to generate a market value of US$ 196.5 Mn in 2022. Since the option of online sales is new when compared to conventional stores, the market share occupied by them is less than that of conventional stores, but it is predicted that the share of the online sales segment is poised to increase in the future.

How is Steel Performing in the Clamp Material Segment?

Based on the clamp material used, steel beam clamp is a lucrative avenue among end-use industries. It had a market value of US$ 281 Mn in 2021. Due to the abilities of steel such as high tensile strength and elasticity, it is expected to be the highly demandable product segment from the consumer’s end.

This segment is further divided into four sub-segments of which pre-galvanized steel is the most dominant and is expected to capture 57.4% of the segment in 2022. In 2021, it had a market value of US$ 160.6 Mn and accounted for about four times more market value when compared to the other sub segments. The steel beam is expected to have a valuation of US$ 302.3 Mn in 2022 in the global beam clamp market and is expected to have a Y-o-Y growth of 7.6% in 2022.

Competitive Landscape

Prominent manufacturers of the beam clamps industry worldwide including Eaton, Gibson Stainless & Specialty, Inc., Producto Electric Corp., Webb-Rite Safety etc. are finding ways of launching products which are technologically advanced which will help them to stand apart from their competitors. Expansion of manufacturing units is also a strategy being followed by manufacturers.

On July 2020, Walraven declared all its products as Chrome-6 free. Chrome 6 has many harmful effects so is banned in many European countries. The organization is certified from many different agencies and government bodies to provide quality products.

Fact.MR has provided detailed information about the price points of key manufacturers of beam clamp positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Beam Clamp Industry Research

• By Clamp Material:

  • Steel
    • Forged Steel
    • Pre-galvanized steel
    • Stainless Steel
    • Cast Malleable Steel
  • Malleable Iron
  • Copper
  • Others

• By Clamp Type:

  • Mouth Beam Clamp
    • Small Mouth
    • Wide Mouth
  • Purlin Beam Clamp
  • Universal Clamp
  • Others

• By Sales Channel:

  • Conventional Stores
    • Local Hardware shops
    • Electrical Shops
    • Others
  • Online Sales
    • Third-party online sales
    • Independent online sales
    • Supplier sales

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East and Africa