Manhole Covers Market to Reach US$ 4,802.01 Mn by 2026

Manhole covers or pit lids or access covers are used to close the openings of manholes or pits in order to prevent people and unwanted materials from falling into manholes and to avoid people from injuring themselves. Manhole covers are manufactured in a variety of shapes such as circular, rectangular, etc.. Materials that are used for manufacturing manhole covers include metals (cast iron, ductile iron, and steel), concrete (conventional concrete and steel fiber reinforced concrete), and composites (FRP/GRP and others). Metal and concrete are the most widely used materials for making manhole covers. However, manhole covers made from these materials are heavy, bulky, and result in a number of occupational injuries of the personnel involved in the installation and repair of these covers. Moreover, metal covers are often stolen in a lot of areas and sold for profit. These issues are addressed by composite manhole covers as they have a high strength-to-weight ratio and have zero scrap value. They are, therefore, the emerging type of manhole covers across the world.

 

Read Report Overview @

https://www.transparencymarketresearch.com/manhole-covers-market.html

 

Based on product, the global manhole covers market has been segmented into metal covers, concrete covers, and composite covers. Metal covers were the earliest type of manhole covers used. They were replaced by concrete covers, which addressed the issue of theft. However, they failed to reduce the incidence of occupational injuries. Composite covers address both of these problems. They are light in weight, offer superior strength, and a high strength-to-weight ratio. They are corrosion resistant and easy to install. Composite covers are made from recycled and reinforced resins that have a zero scrap value and are far less likely to be stolen as compared to metal covers. The composite covers segment is estimated to expand at a rapid pace during the forecast period.

 

Composite manhole covers with their superior properties are being adopted in place of metal and concrete manhole covers. With a rise in construction activities across the globe, the manhole covers market is also expanding. The demand for composite covers is especially high and is estimated to increase at a high rate in the near future.

 

In terms of application, the global manhole covers market has been categorized into municipal, industrial facilities, commercial facilities, utility pits, and others. Manhole covers are classified into different load classes depending on their load bearing capacity. They are used for different applications depending on the load class a particular application falls in. Areas such as airports, docks, etc. are exposed to heavy loads on the manhole covers.

 

The global population is growing at a rapid rate, which necessitates better municipal and civic amenities to serve people. With the increase in population, the construction and infrastructure industries are also expanding steadily. Increase in urban construction and construction of roads and facilities such as airports is expected to require higher use of manhole covers. Hence, growth of the construction sector offers an opportunity for the expansion of the manhole covers market. Moreover, rehabilitation of old and damaged infrastructure offers opportunities to the manhole covers market, especially in the composite covers segment. The composite covers segment is projected to expand at a significant pace in the coming years.

 

Based on region, the global manhole covers market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is estimated to be a significant region of the manhole covers market. North America is another prominent region of the manhole covers market. Rise in demand for manhole covers in Europe and North America is likely to be slow as these are already mature regions of the market. Composite covers is a prominent segment of the market in Europe as composite manhole covers were adopted in the region far before their introduction in other regions.

 

Request to view Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48129

 

The global manhole covers marker is fragmented, with a large number of local players operating in the regional markets along with some leading names. Key players profiled in the report include EJ Group Inc., Eagle Manufacturing Group, Fibrelite, Crescent Foundry, Saint-Gobain, Forecourt Solutions, Polieco Group, Ducast Factory, Terra Firma Industries, Hygrade Products Limited, Prime Composites Australia Ply Ltd., MC Pipes, and Manhole Covers Ltd.. The competition among the players is high owing to the tender-based nature of the industry.

 

For More Information : https://www.prnewswire.com/news-releases/global-manhole-covers-market-to-reach-us-4-802-01-mn-by-2026-rise-in-demand-for-composite-manhole-covers-from-end-use-industries-projected-to-drive-market-tmr-830582055.html

 

Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • Omkar Abhang
    published this page in Submit Content 2019-03-14 21:40:36 -0700

connect