The global manhole cover market is projected to reach $5.4 billion by 2028, at a CAGR of 3.9% during 2023-2028. The growth of manhole cover market is driven by growing number of road construction activities, increasing government regulations for manhole cleaning process, and rising demand for eco-friendly and lightweight manhole covers.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the manhole cover market by product
type (metal cap, regenerated resin, high strength steel fiber cement concrete,
and others), application (municipal, airport & ports, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the manhole cover market?
Q.4 What are some
changing demands of customers in the manhole cover market?
Q.5 What are the new
developments in the manhole cover market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this manhole cover area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this manhole cover market?
Market Segmentation:
Based on product type,
the manhole cover market is segmented into metal cap, regenerated resin, high
strength steel fiber cement concrete, and others. The metal cap segment
accounted for the largest share of the market in 2023 and is expected to
register the highest CAGR during the forecast period, due to the considerable
usage of these caps to provide reliable protection to underground utility
networks owing its strength, longevity, and capacity to withstand enormous
loads as well as heavy traffic.
APAC will remain the
largest region due to the supportive investment for infrastructure development,
increasing number of residential and non-residential building construction
projects, and presence of key manufacturing hub in Japan, China, and India.
Key Players in the
manhole cover market are Fibrelite, Prime Composites Australia Ply, Crescent
Foundry, Ducast Factory, Polieco Group, and Eagle Manufacturing.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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