Global Manhole Composite Covers Market – Industry Trends and Forecast to 2029

Global Manhole Composite Covers Market, Product (Embedded Manhole Cover, Solid Manhole Cover), Application (Municipal, Industrial Facilities, Commercial Facilities, Utility Pits, Others) – Industry Trends and Forecast to 2029.

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.

Global Manhole Composite Covers Market Definition

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.

Report Scope and Market Segmentation

Manhole Composite Covers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• High Utilization of Manhole Composite Covers

The growing utilization of the manhole composite covers across the various end user industries is estimated to carve a way for the growth of the market. Manhole covers are commonly used to reliably and securely restrict access to foul and surface water drainage systems, as well as other underground chambers that require worker access for maintenance.

The increasing awareness about the advantage of using these manhole composite covers such as high quality of polymerization, high density, and tensile strength will further propel the growth rate of manhole composite covers market. Additionally, the heavy demand for durable manhole covers to avoid replacements will also drive market value growth. The increasing number of utility pits to cover electric utility lines, telecommunication lines, and other underground utilities in power stations and sub-stations are projected to bolster the growth of the market.

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.

Restraints/Challenges Global Manhole Composite Covers Market

• Lack Of Research And Development

The lack of research and development activities will create hindrances for the growth of the manhole composite covers market.

• Risk of Injuries

Also, the occupational injuries that occurred during the maintenance and repairing of cover will prove to be a demerit for the manhole composite covers market. Therefore, this will challenge the manhole composite covers market growth rate.

This manhole composite covers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the manhole composite covers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Manhole composite covers Market

The recent outbreak of coronavirus had a negative impact on the manhole composite covers market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease led to huge financial setback for the market. Furthermore, the shutdown of industrial plants has also thrown the manufacturing sector into disarray. The shutdown of most suburban and industrial construction projects has also been ordered. The global market for manhole covers has been affected as a result of this. Manhole cover producers are projected to encounter a variety of issues as a result of lower future demand and cash flow constraints, as most projects have been put on hold or postponed due to insufficient raw materials and personnel. Furthermore, global restrictions on building operations at project sites have had an impact on commerce of goods and services, putting a financial strain on manhole cover makers. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory over the forecasted period.

On the brighter side, major leading businesses, on the other hand, have begun to focus on new development strategies and strategy models in order to meet future demand once the market has returned to normal. The current market is moving toward the conclusion of the epidemic, as governments throughout the world are vaccinating their citizens at a faster rate thanks to increased vaccine production rates. Production is predicted to increase following the COVID-19 pandemic to compensate for the losses incurred during the pandemic. The manhole covers market is expected to have a significant increase post COVID as road construction productivity will tend to rise.

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.

Manhole Composite Covers Market Regional Analysis/Insights

The manhole composite covers market is analyzed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the manhole composite covers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the manhole composite covers market because of the increasing applications of manhole composite covers along with the presence of various manufacturers within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 as various governments from developing countries have increased investments to strengthen the municipal system within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Manhole composite covers Market Share Analysis

The manhole composite covers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 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)