Weld Anchor Chains Market Report 2025 (Global Edition)

Global Weld Anchor Chains Market Report 2024 Market Size Split by Product Type (Class 2 Anchor Chains , Class 3 Anchor Chains , Others), by End use (Commercial Industry , Industrial Applications ,...

Weld Anchor Chains Market Report Description

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Competitive Landscape of the Weld Anchor Chain market

The competitive landscape of the weld anchor chain market is characterized by the presence of several key players competing to gain a significant market share. These players are focusing on product innovation, strategic partnerships, and expansion of their distribution networks to strengthen their market position.

Weld Anchor Chain Industry News

In March 2023, Maersk entered into a three-year contract with Petrobras, a state-owned Brazilian multinational corporation in the petroleum industry, to use three L- class anchor handlers to carry out a range of anchor handling activities and rig movements.

(Source: https://www.maersksupplyservice.com/2023/03/07/petrobras-contract-brazil/)

In March 2023, Tidewater Inc. announced a definitive agreement to purchase 37 of Solstad Offshore ASA's (SOFF) platform supply vessels (PSVs).

(Source:https://investor.tdw.com/news/news-details/2023/Tidewater-Announces-the-Acquisition-of-37-Platform-Supply-Vessels-from-Solstad-Offshore/default.aspx)

Top Companies Market Share in Weld Anchor Chains Industry: (In no particular order of Rank)

• Dawson Group Ltd.
• Asian Star Anchor Chain
• Vicinay Marine
• Dai Han Anchor Chain
• Ramnas
• Hamanaka Chain Mfg
• Laiwu Iron Steel Group Zibo Anchor Chain
• Qindao Wancheng Anchor Chain
• WuHan Jiangnan Anchor Chain
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Weld Anchor Chain market

Which Region will Dominate the Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America is the dominant region in the Weld Anchor Chain market for several reasons. Firstly, the region has a strong maritime industry, including shipping, offshore oil and gas, and marine construction, which drives the demand for anchor chains. The presence of major players and a well-developed infrastructure for manufacturing and distribution also contribute to North America's dominance. Additionally, the region's strong economy and investment in infrastructure projects, such as ports and offshore wind farms, further drive the demand for weld anchor chains. These factors collectively contribute to North America's dominant position in the Weld Anchor Chain market.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Weld Anchor Chain market due to several key factors. Firstly, the region's booming maritime industry, driven by increasing trade activities and offshore exploration and production, has led to a rising demand for anchor chains. The region's extensive coastline and numerous ports and harbors also contribute to this demand. Additionally, the region's relatively lower labor and production costs make it an attractive destination for manufacturing anchor chains, leading to a competitive advantage in terms of pricing. These factors combined have positioned Asia Pacific as the fastest-growing region in the Weld Anchor Chain market.

The current report Scope analyzes Weld Anchor Chains Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Weld Anchor Chains Market

According to Cognitive Market Research, the global Weld Anchor Chain market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. In North America, the weld anchor chain market exhibits a steady growth trajectory driven by several factors. The region's extensive coastline and active maritime industry contribute significantly to the demand for weld anchor chains. In terms of segmentation, the North American weld anchor chain market can be categorized based on product type, end-use industry, and application. Product types include class 2 anchor chains, class 3 anchor chains, and others, catering to various load capacities and operational requirements. In conclusion, the North America weld anchor chain market is poised for steady growth fueled by the region's vibrant maritime industry and infrastructure development projects. With increasing investments in offshore energy, marine transportation, and coastal infrastructure, the demand for weld anchor chains is expected to remain robust in the coming years.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Weld Anchor Chains market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The demand is amplified by the nation's growing investments in infrastructure development propel consistent growth. 
• The Canada Weld Anchor Chains market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's increasing investments in offshore energy, marine transportation to increased usage of Weld Anchor Chains.
• The Mexico Weld Anchor Chains market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD XX million in 2024.

 

Europe Weld Anchor Chains Market

According to Cognitive Market Research, the global Weld Anchor Chain market size was estimated at USD XX Million out of which Europe market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. Europe's weld anchor chain market is influenced by several key factors. The presence of major ports and shipyards in these countries further fuels the market. Additionally, the growth of offshore wind energy projects in countries such as Denmark and the Netherlands contributes to the demand for weld anchor chains for mooring offshore structures. The European weld anchor chain market can be segmented based on product type, end-use industry, and application. Product types include class 2 anchor chains, class 3 anchor chains, and others, with varying load capacities and specifications. In conclusion, the European weld anchor chain market is poised for steady growth, driven by the region's strong maritime industry and increasing investments in renewable energy. The market offers opportunities for manufacturers to innovate and develop high-performance, environmentally friendly weld anchor chains to meet the evolving needs of the European market.

• The United Kingdom Weld Anchor Chains market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Weld Anchor Chain sales witness an upswing due to the nation's extensive coastline and strong maritime heritage.
• The France Weld Anchor Chains market is projected to witness growth at a CAGR of 1.7%during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Weld Anchor Chains market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Weld Anchor Chain sales surge due to the nation's strong maritime industry and increasing investments in renewable energy. 
• The Italy Weld Anchor Chains market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia Weld Anchor Chains market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain Weld Anchor Chains market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Weld Anchor Chains market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Weld Anchor Chains market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece Weld Anchor Chains market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe Weld Anchor Chains market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD XX million in 2024.

 

Asia Pacific Weld Anchor Chains Market

According to Cognitive Market Research, the global Weld Anchor Chain market size was estimated at USD XX Million out of which Asia Pacific is the fastest grwing market of more than 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. Asia Pacific is experiencing significant growth in the weld anchor chain market due to the region's booming shipping and offshore industries. The Asia Pacific weld anchor chain market can be segmented based on product type, end-use industry, and application. Product types include class 2 anchor chains, class 3 anchor chains, and others, each with specific load capacities and specifications. In conclusion, Asia Pacific presents lucrative opportunities for growth in the weld anchor chain market. The region's rapidly expanding maritime and offshore sectors are driving the demand for weld anchor chains, creating opportunities for manufacturers and suppliers.

• According to Cognitive Market Research, the China Weld Anchor Chains market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Weld Anchor Chain sales surge in China due to the nation's expanding maritime trade, shipbuilding activities, and offshore exploration and production.
• The Japan Weld Anchor Chains market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.
• The India Weld Anchor Chains market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. The demand is augmented by India's advancements in technology and materials.
• The South Korea Weld Anchor Chains market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD XX million in 2024.
• The Australia Weld Anchor Chains market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Weld Anchor Chains market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Weld Anchor Chains market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD XX million in 2024.

South America Weld Anchor Chains Market

According to Cognitive Market Research, the global Weld Anchor Chain market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Latin America's weld anchor chain market is witnessing steady growth, driven by the region's growing maritime trade and offshore activities. The Latin America weld anchor chain market can be segmented based on product type, end-use industry, and application. Product types include class 2 anchor chains, class 3 anchor chains, and others, each with specific load capacities and specifications. In conclusion, Latin America presents promising opportunities for growth in the weld anchor chain market. The region's expanding maritime and offshore sectors, coupled with investments in port infrastructure, drive the demand for weld anchor chains.

• According to Cognitive Market Research, the Brazil Weld Anchor Chains market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Weld Anchor Chain sales flourish in Brazil due to the expansion of port infrastructure and offshore oil and gas exploration.
• The Argentina Weld Anchor Chains market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The demand is augmented by Argentina's expanding maritime and offshore sectors, coupled with investments in port infrastructure.
• The Colombia Weld Anchor Chains market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• The Peru Weld Anchor Chains market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile Weld Anchor Chains market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Weld Anchor Chains market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa Weld Anchor Chains Market

According to Cognitive Market Research, the global Weld Anchor Chain market size was estimated at USD XX Million out of which Middle East and Africaheld the major market ofaround 2% of the global revenue with a market size of USD 292.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. MEA experiences an upswing in Weld Anchor Chain sales driven by a burgeoning research landscape and a surge in healthcare investments. The rise of PCR reagent kits in the MEA region aligns with the flourishing Weld Anchor Chain market. As molecular diagnostics gain prominence, the demand for precise tools escalates. PCR Reagent Kits, known for their reliability, drive substantial growth in product type sales, reflecting the region's commitment to advancing molecular research and diagnostics.

• According to Cognitive Market Research, the GCC Countries Weld Anchor Chains market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Weld Anchor Chain sales flourish in the GCC Countries due to the region's strategic location along major trade routes and its growing infrastructure development.
• The Egypt Weld Anchor Chains market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Weld Anchor Chains market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.Weld Anchor Chain sales flourish in the South Africa due to the region's growing infrastructure development.
• The Turkey Weld Anchor Chains market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024. 
• The Nigeria Weld Anchor Chains market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Weld Anchor Chains market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD XX million in 2024.

 

Weld Anchor Chains Market Analysis

Weld Anchor Chain market Product Type Segment Analysis

According to Cognitive Market Research, Class 3 anchor chains dominate the weld anchor chain market. These chains are known for their high strength and durability, making them suitable for various marine applications. Class 3 anchor chains are commonly used in offshore oil and gas exploration, as well as in large commercial vessels. The dominance of Class 3 anchor chains can be attributed to their ability to withstand heavy loads and harsh marine environments.

Class 2 anchor chains are the fastest-growing category in the weld anchor chain market. These chains are typically lighter and less expensive than Class 3 chains, making them more suitable for smaller vessels and less demanding marine applications. The growth of Class 2 anchor chains can be attributed to the increasing demand for cost-effective anchor chain solutions, especially in emerging markets.

• Class 2 Anchor Chains 
• Class 3 Anchor Chains 
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Weld Anchor Chains Industry. Request a Free Sample PDF!

Weld Anchor Chain market End-Use Segment Analysis

According to Cognitive Market Research, The dominant end-use category in the weld anchor chain market is the commercial industry. Weld anchor chains find extensive use in various commercial applications, including shipping, offshore drilling, and marine construction. These chains are crucial for securing vessels, buoys, and offshore structures, ensuring safety and stability in maritime operations. The dominance of the commercial industry segment can be attributed to the growing global trade and increasing investments in maritime infrastructure projects.

The fastest-growing end-use category in the weld anchor chain market is residential building. While traditionally weld anchor chains have been primarily associated with commercial and industrial applications, there is a growing trend towards their use in residential construction, particularly in coastal and flood-prone areas. Weld anchor chains are utilized in residential buildings for securing structures against strong winds, storms, and other environmental hazards.

• Commercial Industry 
• Industrial Applications 
• Lighting Anchors 
• Residential Building

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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