Manhole Covers Market to Surpass US$ 5 Bn by 2031; Surge in Sewer and Wastewater Systems Owing to Rapid Industrialization and Increased Urbanization to Boost Product Demand, Opines TMR Report

- Rise in road construction activities across the globe is projected to boost sales prospects in the global manhole covers market from 2021 to 2031

- Several end users are increasing focus on upgrading manhole covers in order to gain advantage of superior sturdiness provided in latest products

News provided by

Transparency Market Research

Nov 09, 2021, 08:30 ET

ALBANY, N.Y., Nov. 9, 2021 /PRNewswire/ -- Manholes are considered important, as they offer entry to underground meters, facilities, and piping to perform different underground functions. The main motive of manhole covers is protection of people from falling into manholes. Furthermore, the product offers protection to pipes as well as meters from human invasion.

Generally, manhole covers are manufactured using thick and strong metals in order to make these products strong enough to sustain in high traffic roads. At the same time, this sturdiness of manhole covers prevents unauthorized lifting, as these covers cannot be lifted without appropriate tools.

The analysts at Transparency Market Research (TMR) note that the manhole covers market is projected to show expansion at a CAGR of 3.2% during the forecast period, 2021-2031.

Companies are experiencing a surge in demand for manhole covers, owing to their ability to offer safety passage and easy access while performing routine servicing and maintenance of respective utility services. Moreover, a rise in the requirement of wastewater and sewer systems, owing to increased industrialization around major parts of the globe, is boosting the demand for manhole covers. This aside, surge in the number of municipal projects and increased use of manhole covers for public utilities are fueling the global market expansion.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48129

Manhole Covers Market: Key Findings

Rise in Demand for Manhole Covers from Utility Pits to Boost Product Sales

Major road construction authorities around the globe perform the selection of manhole covers on the basis of several parameters such as shape, application, and material of these products. While fiberglass, polyethylene, and precast concrete are prime materials used in manufacture of manhole covers, these products are available in varied shapes such as detachable flat, hinged flat, removable dome, highway traffic, and hinged dome.

In diverse street utility applications, removable covers are most popular covers, as they can be completely removed and allow for easy access to manholes. Rise in the number of utility pits in order to cover telecommunication lines, electric utility lines, and other underground utilities in power stations as well as sub-stations is expected to result into increased sales opportunities for companies in the global manhole covers market from 2021 to 2031.

Increased Product Use across Varied Applications Drives Global Market

Manhole covers are utilized by commercial, municipal, and industrial facilities. In municipal facilities, manhole covers are widely used across sewer systems, storm water systems, and wastewater collection systems.

In recent years, there has been an increase in the demand for manhole covers for different facility services, including docks, airports, gas stations, and numerous other commercial facilities. Besides, many fuel and service stations are inclining toward the use of superior quality manhole covers to avoid repetitive replacements.

Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=48129

Manhole Covers Market: Growth Boosters

Significant increase in the use of manhole covers in mining activities is generating demand avenues in the global manhole covers market
Increase in worldwide population and expansion of real estate and construction industries have resulted into a surge in demand for manholes, which, in turn, is boosting the product sales

Manhole Covers Market: Regional Analysis

Asia Pacific is a dominant region with China holding leading position in the global manhole covers market
Increase in investments by government bodies of many developing nations from the Asia Pacific region in order to strengthen their municipal systems is expected to create prominent expansion opportunities for companies operating in the manhole covers market
Market players are estimated to witness lucrative avenues in Europe, with composite cover as a dominant segment in the region

Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48129

Manhole Covers Market: Key Players

Some of the key players in the manhole covers market are:

Eagle Manufacturing Group
EJ Group Inc.
Crescent Foundry
Fibrelite Composites Inc.
Polieco Group
Saint-Gobain
Terra Firma Industries
Ducast Factory LLC
Prime Composites Australia Ply Ltd.
Hygrade Products Ltd.
Manhole Covers Limited
MC Pipes

Manhole Covers Market Segmentation

Product

Metal Covers
Cast Iron
Ductile Iron
Steel
Concrete Covers
Composite Covers

Application

Municipal
Industrial Facilities
Commercial Facilities
Residential
Utility Pits
Others (Parking Lots, Footways, Gardens, Stadiums, and Other Leisure Areas)

Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Buy an Exclusive Research Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=48129&ltype=S

Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Explore Transparency Market Research's award-winning coverage of the global Chemicals & Materials Market:

Ductile Iron Manhole Covers Market - https://www.transparencymarketresearch.com/ductile-iron-manhole-covers-market.html

Intelligent Manhole Cover Market - https://www.transparencymarketresearch.com/intelligent-manhole-cover-market.html

Manhole Housing Lifter Hook Market - https://www.transparencymarketresearch.com/manhole-housing-lifter-hook-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/manhole-covers-market.htm