Manhole Covers Market Overview:
The manhole covers market will develop at a healthy CAGR between 2020- 2027, according to the new Market Research Future (MRFR) analysis. Manhole covers are used for enclosing an opening of sewers, that is, the manhole. These covers are used for protecting one against falling into a manhole as well as avoid all forms of materials from falling into it. Such covers come in different shapes such as square, rectangle, or round. High strength steel fiber cement concrete, regenerated resin, metal cap, and others are the different types of manhole covers. Owing to its alluring features and benefits it has wide applications such as airports and ports, municipal, and others.
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Key Players
Key contenders profiled in the global manhole covers market report include Polieco Group, Ducast Factory L.L.C, DKG Manhole Covers, Arcova Ltd., Peter Savage Limited, Aquacast Ltd., Crescent Foundry, OPW Fibrelite, Eagle Manufacturing Group, and EJ Group, Inc.
A manhole cover, also known as maintenance hole cover, simply put, is a removable plate that forms the lid over the manhole’s opening, an opening that is large enough for an individual to pass through which is used as the access point for underground pipe or vault. They are of different types, namely deep manholes, normal manholes, and shallow manholes. The chosen material can differ based on different factors, such as the intended manhole function and the shape of the manhole. Resting on the material selected, the process of manufacturing will vary.
Various factors are propelling the global manhole covers market sales. As per the MRFR report, such factors include growing construction sector, growing population, increasing real-estate industry, increased government initiatives for strengthening the civic system, growing infrastructure developments, technological developments and innovations, the introduction of newer materials to manufacture manhole covers, the introduction of environmentally-friendly products with reduced weight, and increasing economic development. Additional factors adding market growth include advanced infrastructural setup, growing population in developing and developed countries, and growing demand from the real-estate industry.
On the contrary, the current COVID-19 pandemic and the long life of manhole covers due to which its replacement rate is low are factors that may impede the global manhole covers market growth over the forecast period.
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Market Segmentation
The Market Research Future Report highlights an inclusive segmental analysis of the global manhole covers market based on types and application.
By types, the global manhole covers market is segmented into high strength steel fiber cement concrete, regenerated resin, metal cap, and others.
By application, the global manhole covers market is segmented into airports and ports, municipal, and others. Of these, the municipal segment will lead the market over the forecast period.
Regional Analysis
By region, the global manhole covers market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), the Rest of the World (RoW). Among these, the APAC region will have the lions share in the market over the forecast period. Rapid infrastructural and economic growth, growing investments in the construction sector in China and India, and increased government initiative for municipal and civic areas are adding to the global manhole covers market growth in the region.
In North America, the global manhole covers market is predicted to have healthy growth over the forecast period for the growing demand for manhole covers and technological advances.
In Europe, the global manhole covers market is predicted to have sound growth over the forecast period, and in the RoW is predicted to have steady growth over the forecast period.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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