Manhole composite cover Market is anticipated to grow at a CAGR of 3.57% from 2022 to 2028 globally - Axiom MRC
Manhole composite cover Market is anticipated to grow at a CAGR of 3.57% from 2022 to 2028 globally - Axiom MRC
Date: January 2023
New York, July, 2022: Axiom Market Research & Consulting™ added a report on global manhole composite cover market which includes study on product and application across various countries of key regions across the globe. The global manhole composite cover market was projected to grow at a CAGR of 3.57% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the manhole composite cover market.
The global manhole cover market demand is rising as usages of manhole covers in various application such as municipal, commercial facilities and industrial facilities and growth in usage of manhole cover in utility pits are boosting the demand for global manhole covers market during the forecast period. The government initiative is rising to use manhole cover to cover manholes of the wastewater collection systems, sewer systems, and storm water systems are fueling the growth of the manhole composite cover market.
The report analyses the global manhole composite cover industry based on product, application, and geography. The product of manhole composite cover studied in the global manhole composite cover market are, embedded manhole and solid manhole cover. The application of manhole composite cover studied in the global manhole composite cover market are, municipal, industrial facilities, commercial facilities, utility pits and others. The global manhole composite cover market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
The embedded manhole cover segment is estimated to dominate the market during the forecast period.
An embedded manhole cover comprises a mounting base and it is fixed in manhole of a deck, and it had a press plate assembly for covering a gap between the deck and the cover body. The embedded manhole cover is simple in structure and convenient to open and close and it cannot only effective connection between the manhole cover and the floor glow and the aesthetic degree of a channel and it also the construction difficulty.
The utility pits application segment is expected to dominate the manhole composite cover market during the forecast period
Road construction authorities prefer manhole cover based on shape and material and typical materials for manhole covers include fiberglass and polyethylene, precast concrete. A hinged flat, detachable flat, removable dome and highway traffic. The manhole covers are commonly used covers in street utility application and they are removable covers further it is easy to access manholes.
North America dominated manhole composite cover market in 2021 and is expected to witness the fastest growth in upcoming years
North America manhole composite cover market is growing significantly as developed infrastructure, economic development helping to boost the market in the region. Further Increasing support from the government for advanced infrastructural setup and growing investment in the construction sector Fuel the Manhole composite covers market growth in North America.
Key Players:
The key competitor of the market includes Prime Composites (Australia), EJ Group Inc. (US), Fibrelite Composites (UK), Saint-Gobain PAM UK (UK), POLIECO ITALY (Italy), Ducast Factory LLC (US), Hygrade Water NZ (NZ), Manhole Covers Limited (UK), HUBER (US), HYDROTEC Technologies AG (Germany), Crescent Foundry (India), Terra Firma Industries (Australia), BrisCover (China), Ferrotech Structurals (India), M.M. SRL (Italy), Neenah Foundry (US), SPF COMPOSITES (India), Amlite (UK), TONGÜN Pano (Turkey), Clark Drain (UK), J.R. Hoe (US), Bass & Hays Foundry, Inc. (US), Forecourt Solutions (UK), among others.