The Trenchless Pipe Relining research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Trenchless Pipe Relining Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Trenchless Pipe Relining Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
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Key Players:
- Aegion Corporation
- Granite Construction Inc.
- Inland Pipe Rehabilitation, LLC. (IPR)
- Per Aarsleff A/S
- SAK Construction, LLC
Growth drivers and Market Value:
This report, from Stratview Research Trenchless Pipe Relining Market value and growth drivers over the trend period of 2020-25. According to the report -
The trenchless pipe relining market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 5.0 billion in 2025. The trenchless pipe relining market is mainly driven by an aging existing pipeline network coupled with a surge in spending of government and municipal corporations towards repair and maintenance of existing pipes.
Segment Analysis:
By Method Type
Based on method type, the market is segmented as CIPP, Slip-lining, SIPP, and Others. Trenched sewer repair usually takes a huge time compared to trenchless sewer relining; therefore, it costs more. It also requires to dig up the whole yard, which could destroy the landscaping and any other permanent structures present in the yard. To mitigate the cost and to avoid the disturbance, a wide range of trenchless pipe relining methods are available in the market. CIPP is projected to remain the most dominant as well as the fastest-growing segment during the forecast period in the trenchless pipe relining market. The dominance of CIPP technology in the market is mainly due to its fast and easy installation process, longer life cycle, and better performance over competing technologies. The CIPP lining installation rate is five times faster than the trenched replacement.
By Region
In terms of region, North America is projected to remain the largest market for trenchless pipe relining during the forecast period. The region has most of the pipelines installed which have crossed their service life or are approaching their retirement age and require repair and maintenance. The average active service life of a pipeline installed is around 50 years and most of them have crossed their lifespan, the relining provides an extension of around 30-50 years to the pipe. The USA is not only the largest market for trenchless pipe relining in North America but also in the world, the country is also among the early mover in the trenchless pipe relining concerning innovation, material selection, and technology adoption.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Trenchless Pipe Relining report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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