Global Manhole Covers Market was valued US$ 5021.47Mn in 2017 and is expected to reach US$ 6411.23Mn by 2026 at a CAGR of about 3.1% during a forecast. Global Manhole Covers Market is segmented into by type, by application, and by region. Based on the type, Manhole Covers Market is classified into the Metal cap, Regenerated resin, High strength steel fiber cement concrete & others. In application, type is divided into Municipal, Airport & ports & others. Geographically into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Global Industry Analysis and forecast 2018-2026.
Driving factors for the manhole covers markets are its easy access and safety of passage to carry out regular maintenance and servicing of the respective utility services, rise in Sewer and wastewater systems and allow the municipality to join sewer or stormwater systems, change the direction of the sewer system and align the sewer system will create more opportunity in manhole covers market.
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A rise in callout costs and local manufacturer high cost of installation can hamper the growth of manhole covers market.
In terms of type, High strength steel fiber cement concrete segment shares the highest market during the forecast period. High strength steel fiber cement concrete is increased in a sector as high-rise buildings and large infrastructures to lead an urgent development for higher performance engineering materials possessing high strength, toughness, energy dissipation capacity, durability, and so forth will create more demand in a market.
In terms of Application, Municipal segment shares the fastest growing market during the forecast period. Increasing municipal projects to be a prominent segment of the manhole covers market globally, municipal sewer backups, storms, flooding, vandals and even truck tires can cause the lids to be knocked out of place and can be the key factor for growth in manhole covers market.
Among region, Asia Pacific is expected to grow at the highest CAGR during the forecast period. Emerging economies and a strong presence of manufacturers in Japan, China, and India will boost the market in this region. A rise in the construction of residential and no-residential buildings rise in industrial development with the low-cost labor, expansion of end-user industries such as oil & gas, Information & Technology, petrochemicals, and telecom will have more opportunity in these regions.
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Terra Firma Industries, EJ Group, Inc, Eagle Manufacturing Group, Fibrelite (Dover), Crescent Foundry, Arcova, Peter Savage Limited, Neenah Foundry, US Foundry, Clark Drain, Hamilton Kent, B. B. METAL CORPORATION, PAM, DKG Manhole Covers, Ducast Factory L.L.C, Sealing Systems, Inc., Aquacast Ltd, OPW Fibrelite, Polieco Group, KKSpun India Limited, Reackon Concretes Pvt. Ltd.
The scope of the Report Global Manhole Covers Market:
Global Manhole Covers Market: By Service
High strength steel fiber cement concrete
Global Manhole Covers Market: By Application type
Airport & ports
Global Manhole Covers Market: By region
Middle East & Africa
Key Player analyzed in the Global Manhole Covers Market:
Terra Firma Industries
EJ Group, Inc
Eagle Manufacturing Group
Peter Savage Limited
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B. B. METAL CORPORATION
DKG Manhole Covers
Ducast Factory L.L.C
Sealing Systems, Inc.
KKSpun India Limited
Reackon Concretes Pvt. Ltd