Press release
Manhole Composite Covers Market, Product (Embedded Manhole Cover, Solid Manhole Cover),to reach USD 5.47 billion by 2029, registering a CAGR of 3.50%
Manhole covers are basically used to enclose a manhole opening in a sewer. They generally protect one from falling into a manhole and to avoid any material falling into it. These covers are made in shapes like round, rectangle, or square, among others. Manhole composite covers are the manhole covers that are made out of composite material. These covers maintain a high strength-to-weight ratio, which allows them to carry the load while being light in weight.View Detailed Report Analysis: https://www.databridgemarketresearch.com/reports/global-manhole-composite-covers-market
Global Manhole Composite Covers Market Analysis and Size
Over the recent years, the market has witnessed increasing road constructions across the world. Additionally, there has been rising investment in the construction sector which have significantly contributed to the demand, which further increases the overall growth for the market.
The manhole composite covers market was valued at USD 4.15 billion in 2021 and is expected to reach USD 5.47 billion by 2029, registering a CAGR of 3.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Opportunities
Increased Government Support, Investments and Development
Furthermore, the increasing support from the government for advanced infrastructural setup and the introduction of new eco-friendly with reduced weight products extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising investment in the construction sector coupled with the infrastructural and economic developments in developing and developed regions will further expand the future growth of the manhole composite covers market.
Some of the major players operating in the manhole composite covers market are
EJ Group Inc (U.S.)
Eagle Manufacturing Group (U.S.)
Fibrelite (UK)
Crescent Foundry (India)
Saint-Gobain (France)
Industrie POLIECO - MPB SRL (Italy)
Ducast Factory LLC (UAE)
Terra Firma Industries (India)
Hygrade Water (New Zealand)
Prime Composites (Australia)
MC PVC Pipes Limited (Nigeria)
Manhole Covers Limited (UK)
Aliaxis Group SA (Belgium)
Bass & Hays Foundry, Inc. (U.S.)
HUBER SE (Germany)
HYDROTEC Technologies AG (Germany)
Peterborough (England)
Global Manhole composite covers Market Scope
The manhole composite covers market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Embedded Manhole Cover
Solid Manhole Cover
On the basis of product, the manhole composite covers market has been segmented into embedded manhole cover and solid manhole cover.
Application
Municipal
Industrial Facilities
Commercial Facilities
Utility Pits
Others
On the basis of application, the manhole composite covers market is segmented into municipal, industrial facilities, commercial facilities, utility pits an others.
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