Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The spread of the COVID-19 crisis had significantly impacted on almost every industry including road construction. The pandemic has resulted in the half of several construction project across the world and various nations have forced lockdowns, which had seriously impacted the supply chain of raw materials and products. Due to the lockdown and regulation activity most of the industrial and commercial project are commanded to shut down. COVID-19 pandemic also had disrupted the manufacturing sector owing to the closure of the production plant. This all factors hampered the growth of the global manhole cover market. The effect of COVID-19 on global Manhole composite cover market has witnessed loses due to declining sales and distribution. However, the demand for market was expected from various application in post pandemic which will help the market to grow further. Post-COVID -19 pandemic, production is expected to rise to overcome the losses faced during the pandemic. With increasing road construction productivity, the manhole composite covers market in expected to witness a huge demand during the forecast period.
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. Rising rapid urbanization and growing number of construction sector across the globe is propelling demand for the manhole composite cover market. Also, rising investment by the manufacturers companies to manufacture eco-friendly products also boost the market growth.
The main restraining factor for the manhole composite cover market is the injuries to the workers while working during maintenance and repairing the manhole cover is also one of the major factor restrain the manhole composite cover market. Furthermore, the high-cost of the raw materials which are used for the manufacturing manhole composite cover is another factor restraining the market growth
Rising government awareness for the safety regulation to maintain the standard and regulation are some main reasons which creating opportunity for the manhole composite cover market. Further, the improvement in technology in recent year by governments further create a major opportunity for the Manhole composite cover market.
The major challenge faced by the manhole cover is unavailability of labor in the manufacturing plant as well as to fic the manhole covers there is shortage of labor. Also, unavailability of raw material is major challenge faced during pandemic period.
The report provides in-depth analysis of global manhole composite covers market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The market growth is primarily driven by the changing technology and infrastructure with the growing investments by government bodies on development of urban roads, parking lots and highway an susceptibility towards it is increase the demand of global manhole composite covers market is expected to witness the growth at a specific CAGR from 2022-2028.
The global manhole composite cover market comprises of different market segment like 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 embedded manhole covers segment account the largest share in the manhole composite cover market. 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. This type of manhole covers is quick to open cover and light and commonly used for oil tanks, warships.
The application of manhole composite cover studied in the global manhole composite cover market are, municipal, industrial facilities, commercial facilities, utility pits and others. Utility pits segment account largest share in the manhole composite cover market. 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 thy are removable covers further it is easy to access manholes. Further, manhole cover has been increasing in various applications including municipal, commercial and industrial facilities and is further expected to grow market further.
The global manhole composite cover market is studied for key regions such as North America, Europe, Asia Pacific and Rest of the World. The North America is likely to dominate the global manhole composite cover market. 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. Also, growing application of manhole composite covers along with the presence of various manufacturers within the North America fuel market growth. Adding to that, infrastructure investment in North America is growing in country like U.S and Canada. The industry growth is growing due to economic growth in the country as in United States and Canada country there is growth in construction activity across the country.
The competitive landscape analysis of manhole composite cover market is certainly based range of market players operating in the market with increasing demand for infrastructure development and rising investment in construction activity. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in the market are, Prime Composites, EJ Group Inc., Eagle Manufacturing Company, Fibrelite Composites, Saint-Gobain PAM UK, POLIECO ITALY, Ducast Factory LLC, Hygrade Water NZ, Manhole Covers Limited, Aliaxis, HUBER, HYDROTEC Technologies AG, Crescent Foundry, Terra Firma Industries, BrisCover, Ferrotech Structurals, M.M. SRL, Neenah Foundry, SPF COMPOSITES, Amlite, TONGÜN Pano, Clark Drain, .J.R. Hoe, Bass & Hays Foundry, Inc , MC PVC Pipes Limited and Forecourt Solutions and among other.
Manholes cover provide access to underground piping meters and facilities and are used in a variety of function underground. Manhole cover allow access to underground cables and telecom facilities and serve a variety of other functions. The use of manhole cover prevents people from failing into it. The manhole covers are mostly made of strong and thick metals to keep them in place as traffic crosses them and make it difficult for unauthorized people to life without suitable tools. Rising rapid urbanization and growing number of construction sector across the globe is propelling demand for the manhole composite cover market. The product of manhole composite cover studied in the global manhole composite cover market are, embedded manhole and solid manhole cover. The embedded manhole covers segment account the largest share in the manhole composite cover market. The application of manhole composite cover studied in the global manhole composite cover market are, municipal, industrial facilities, commercial facilities, utility pits and others. Utility pits segment account largest share in the manhole composite cover market. The global manhole composite cover market is studied for key regions such as North America, Europe, Asia Pacific and Rest of the World. The North America is likely to dominate the global manhole composite cover market. North America manhole composite cover market is growing significantly as developed infrastructure, economic development helping to boost the market in the region.
1) What are challenges faced by the Manhole Composite Cover market?
Ans: The major challenge in front of the manhole composite cover market is unavailability of raw material is major challenge faced during pandemic period.
2) Who are the key players in the Manhole Composite Cover market?
Ans: The key players studied in market are Prime Composites, EJ Group Inc., Eagle Manufacturing Company, Fibrelite Composites, Saint-Gobain PAM UK, POLIECO ITALY, Ducast Factory LLC, Hygrade Water NZ, Manhole Covers Limited, Aliaxis, HUBER, HYDROTEC Technologies AG, Crescent Foundry, Terra Firma Industries, BrisCover, Ferrotech Structurals, M.M. SRL, Neenah Foundry, SPF COMPOSITES, Amlite, TONGÜN Pano, Clark Drain, .J.R. Hoe, Bass & Hays Foundry, Inc , MC PVC Pipes Limited and Forecourt Solutions and among other.
3) Which region is the fasted growing in the Manhole Composite Cover market?
Ans: The North-America region is accounted largest share in the market owing to the developed infrastructure, economic development boosting the manhole composite cover market in the region.
