Manhole Covers Market Insights by Types (Metal Plug, Reclaimed Resin, High Strength Steel Fiber Cement Concrete and Others) By Application (Municipal, Airport & Ports and Others) and Region – Forecast to 2030
Manhole Cover Market Overview
According to the latest updates, the global manhole covers market size is expected to show a significant CAGR of 3.1% with a market size of USD 5,100 million during the forecast period 2021-2028.
The manhole cover is mainly used to prevent people from falling into it. Manholes are very essential for underground functions such as piping, meters, utilities and various other functions. These manholes provide access to meters that read liquid flows to the sanitary sewer lines. They also provide access to underground cables and telecommunications facilities and perform various other functions. Manhole covers have various advantages such as protecting meters and pipes from human invasion. Most of these covers are made with strong and thick metals because they are placed as traffic passes through them and make them difficult to lift by unauthorized people without using the necessary tools.
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These covers are made with various materials like cast iron, ductile iron, concrete, clad steel or a combination of all, and composite covers which are primarily used to provide reliable and safe entry to sewage drainage systems and surface, and others underground. rooms, which require worker access for maintenance purposes. Increase in road construction across the globe is expected to propel the growth of manhole market during the considered period. Composite covers are the latest trend that is rapidly improving product development as they maintain a high strength to weight ratio that allows them to support the load while being lightweight. Moreover, they also have high polymerization quality, tensile strength and density.
The manhole covers market opportunities are the increasing use of manhole covers in industrial facilities, municipal facilities and commercial facilities which is accelerating the growth of the market.
Key Players of the Global Manhole Covers Market Report are EJ Group, Inc., Eagle Manufacturing Group, OPW Fibrelite, Crescent Foundry, Aquacast Ltd., Peter Savage Limited, Arcova Ltd., DKG Manhole Covers, Ducast Factory LLC and Polieco Group. .
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The global manholes market is bifurcated into two types and applications.
Type Segmentation: Types of manhole covers market are segmented into various forms such as metal cap, reclaimed resin, high strength steel fiber cement concrete and others.
Application Segmentation: The manhole covers market based on application segment is divided into Municipalities, Airports & Ports, and Others.
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Based on the recent research, the global manhole cover market based on region is bifurcated into four major regions such as Asia-Pacific, Europe, North America and Rest of the World. Among them, Asia-Pacific accounts for the largest market share and is said to be the fastest growing market owing to rapid economic and infrastructural growth and increasing investment in construction industry in the regions. from China and India. Additionally, the increase in government initiatives for civic and municipal areas is driving the growth of the market in this region. In addition to this, increase in population and increase in real estate sector, growing need for manholes as an essential requirement is driving the growth of the market in this region.
According to the latest report, the manhole covers market is expected to increase market growth owing to the emphasis on organic and inorganic growth strategies such as product launches, strategic collaborations, and mergers and acquisitions. Renowned contractor, GMI Composites, Inc., a subsidiary of EJ Group, Inc. has introduced composite manhole covers and frames using advanced fiberglass reinforced plastics.
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