Europe Trench Cover Market Report

Europe Trench Cover Market Report, By Material (Fiberglass Reinforced Pipes, Concrete, Steel, Plastic), End-User (Commercial, Construction, Manufacturing, Military, Transportation) and Country – Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11453 | Publish Date : August 2022 | Industry : Consumer_Goods | Geography : Europe


MARKET OVERVIEW - EUROPE TRENCH COVER MARKET

A trench is a hollow cut into the ground, usually with parallel sides, and which is typically deeper than it is wide. A trench cover is a highly versatile and safe means of providing passage, designed for covering apertures, bores, or trenches while doing maintenance, construction, telecommunication and repair projects. Trench covers are strong, durable, and very reliable. The telecommunication industry is installing cables in trenches as it is a safe and effective way to protect cables from weather damage. Also, cable trenches are the cheapest and simplest method of underground cable installation. Thus, to cover these trenches and protect cables from disaster, there is a demand for trench cover that is growing.

MARKET DRIVERS

The trench cover market demand is rising as usage of trench covers in various applications such as municipal, commercial, and industrial facilities and growth in usage of trench cover in construction activities are boosting the demand for the trench covers market during the forecast period. The government’s initiative to use trench cover in the wastewater collection systems, sewer systems, and storm water systems are fuelling the growth of the trench cover market. Rapid urbanization and the growing number of construction sectors across the region are propelling demand for the trench cover market. Furthermore, the growing adoption of 5G services, created demand for a high number of internet towers in the country. Due to this, trench cover demand is expected to dominate the majority of revenue shares.

Market Opportunity

The increasing support from the government for advanced infrastructural setup and the rising investment in the construction sector coupled with the infrastructural and economic development in developing countries is expected to provide an ample opportunity for the trench cover market.

Market Restrain

The main restraining factor for the trench cover market is the injuries to the workers while working during maintenance and repairing the trench cover. This is also one of the major factors restraining the trench cover market. Secondly, the high-cost effectiveness of the raw materials which are used for the manufacture of the trench cover is another factor hampering the growth of the Trench covers market.

MARKET GROWTH CHALLENGES

The unavailability of a work force for both the manufacturers and also to fix the covers in the trench is a major challenge faced by manufacturing companies. The lack of growth during the spread of the pandemic was a great challenge because of the unavailability of raw materials.

CUMULATIVE GROWTH ANALYSIS

The report provides an in-depth analysis of the global trench cover market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. The increasing demand for trench covers in various applications has led to the increasing demand for the market and is expected to witness the growth at a CAGR at specific CAGR from 2021-2028.

11453-europe-trench-cover-market-report

EUROPE TRENCH COVER MARKET SEGMENTAL OVERVIEW

The Europe trench cover market comprises of different market segment like material, end-user and Country. 

EUROPE TRENCH COVER MARKET BY MACHINE TYPE 

By material, the trench cover includes key segment of 

  • Fiberglass reinforced Pipes
  • Concrete
  • Steel
  • Plastics

Fiberglass reinforced pipes are expected to dominate the market over the forecast period. Fiberglass products are versatile, lightweight, and a durable alternative to steel and concrete. The FRP trench is the perfect long-lasting solution for covering open trenches and drains. The fiberglass trench cover system installs easily and can be quickly removed for trench access by one person. Fiberglass products are non-conductive and non-corrosive. Fiberglass trench cover is extremely lightweight, one-fourth the weight of heavy concrete panels, and it is less risky for back, foot, and other injuries. Likewise, concrete is likely to see rising new growth demand over the forecast period. 

EUROPE TRENCH COVER MARKET BY END-USER

By end-user, the trench cover includes key segment of 

  • Commercial
  • Construction
  • Manufacturing
  • Military
  • Transportation

Construction is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period.  A trench cover is generally used to cover bores, apertures, and trenches, mainly for the construction industry, maintenance and repair work.  In construction activities, trenches are often created to install underground utilities such as gas, water, power, and communication lines.  Thus, to cover these trenches, there is a demand for trench cover that is growing in the industry. Trench covers protect against any disaster caused by excess heat, rainwater, or other things.

EUROPE TRENCH COVER MARKET BY COUNTRY

The trench cover market is studied for the following region

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain

Germany is anticipated to witness an increasing demand for the trench cover market. The growing construction industry and growing demand in the construction sector boosted demand for the trench cover market. The German construction market was valued at $486 billion in 2021. The rapid urbanization and an increase in the growth of the construction sector across the country and the government’s awareness of the safety regulations to maintain the standards and regulations are some of the main reasons that are driving the growth of the trench cover market in Germany. All these factors boost the trench cover market.

COVID-19 IMPACT ANALYSIS ON EUROPE TRENCH COVER MARKET

The outbreak of the COVID-19 virus has become a global healthcare emergency that has been spread worldwide, affecting worldwide social and economic development. The COVID-19 pandemic shut down the production of products in various industries, mainly owing to the lockdown in major countries. The COVID-19 impact analysis report by Axiom MRC provided a 360-degree analysis of micro and macro-economic factors in the trench cover market. In addition, a complete analysis of changes in the European trench covers market expenditure, economic and international policies on the supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. Likewise, the COVID-19 virus spread on one side has provided ample growth opportunity for the market with a rise in the telecommunication industry. And on the other hand, supply chain disruption has affected the market. In addition, growing demand for trench covers in the construction industry and the requirement for a protective cover has driven the trench cover market.

COMPETITIVE LANDSCAPE ANALYSIS

The competitive landscape analysis of the trench cover market is majorly focused on expanding the global growth of trench cover with new product innovation, business expansion, and the increasing presence of a range of manufacturers operating in trench cover has led to the growing demand for the market.  Besides, the market offers a range of products in different applications to fulfil the consumer which is further contributing to healthy growth in the market.  

The key players studied in market are 

  • Fibrelite
  • Ducast
  • Shubham Industries
  • Everlast Composites Pvt. Ltd.
  • WunderCovers Inc.
  • Oxford Plastics
  • ProGlass Inc
  • Balco
  • Tricel Construction
  • TAPCO - Traffic and Parking Control Co. Inc
  • Elite GSS
  • ESE Direct Ltd. Etc

EUROPE TRENCH COVER MARKET SUMMARY

By material, the trench cover includes key segments of fiberglass reinforced pipes, concrete, steel, and plastic. Fiberglass reinforced pipes are expected to dominate the market over the forecast period. The trench cover market has major end users like commercial, construction, manufacturing, military, and transportation. Construction industries, followed by manufacturing and transportation industries, are expected to gain from increasing demand for trench cover over the estimated time period. The European trench cover market is studied for key countries such as the United Kingdom, Germany, France, Italy, and Spain. Germany is likely to dominate the global trench cover market.

SCOPE OF THE REPORT:

Market Sizing for Year:
2019-2028
Base Year:
2021
Forecast Period:
2022-2028
Value:
USD million
Market Segment studied:

Material

End Users

Country
Market Players and its Competitors:

Fibrelite

Ducast

Shubham Industries

Everlast Composites Pvt. Ltd.

WunderCovers Inc.

Oxford Plastics

ProGlass Inc

Balco

Tricel Construction

TAPCO - Traffic and Parking Control Co. Inc

Elite GSS

ESE Direct Ltd. Etc

FREQUENTLY ASKED QUESTIONS

What are the drivers for Europe Trench Cover market?

The key driving factors of the market are in rising demand for covering potholes, trenches during the construction, maintenance and repair projects.

Which is the leading end-users segment for Trench Cover market?

Construction Industries has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

Which region is gaining majority of market share during the forecast period (2022-2028)?

Germany is expected to gain major market share during the forecast period (2022-2028).