Manhole Covers Market Size And Forecast
The Global Manhole Covers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Manhole Covers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Manhole Covers Market was valued at USD 3.88 Billion in 2019 and is projected to reach USD 4.92 Billion by 2027, growing at a CAGR of 3% from 2020 to 2027.
What is Manhole Covers?
Manhole covers are defined as a removable metal plate covering the opening of a manhole that leads down to a sewer or drain. Manhole is a hole through which a person can enter a drain, boiler, and tank, etc. Typically manhole covers are made out of cast iron. The iron is melted then poured, or cast, into a mold. Manhole covers are generally coated with a material having a base with a black bituminous composition.
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Global Manhole Covers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Global manhole covers market is expected to grow significantly, as infrastructural and economic developments in developing and developed regions are increasing. Also, increasing support from the government for advanced infrastructural setup and rising investment in the construction sector boost manhole covers the market. Furthermore, technological advancement in the production of covers, also the introduction of new eco-friendly with reduced weight products, has helped market growth during the forecasted period. Additionally, increasing population drives demand for the real estate industry leads to driving demand for manhole covers. However, occupational injuries that occurred during the maintenance and repairing of cover might hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Manhole Covers Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Manhole Covers Market Competitive Landscape
The “Global Manhole Covers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Fibrelite, Prime Composites Australia Ply Ltd., Crescent Foundry, Ducast Factory, Polieco Group, Eagle Manufacturing Group, Saint-Gobain, Forecourt Solutions, Terra Firma Industries, and Hygrade Products Limited. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Manhole Covers Market, By Product
• Concrete Covers
o Steel Fiber Reinforced Concrete
o Conventional Concrete
• Metal Covers
o Cast Iron
o Steel
o Ductile Iron
• Composite Covers
o FRP/GRP
o Others
Manhole Covers Market, By Application
• Commercial Facilities
• Municipal
• Utility Pits
• Industrial Facilities
• Others
Manhole Covers Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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