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Manhole cover Market - Global opportunity analysis and industry forecast, 2020-2027

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Jun 2021 | 157 Views
 
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A manhole is an opening which allows the entry to the restricted or confined area such as large vessel or a utility vault. Manholes are commonly used as an access point for a public utility services which are underground. A manhole cover is a removable plate or cover which forms the lid over the entry to the manhole, so that falling of person or any things can be avoided. Manhole cover also prevents the entry of unauthorized materials and persons as well. Manhole covers are manufactured by using cast iron and concrete separately or by using the mixture of concrete and cast iron.

Market scope and structure

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast units

Value (USD)

Segments covered

Product type, Application, End user and Region

Companies covered

EJ Group Inc, Eagle Manufacturing Group, Fibrelite (Dover), Crescent Foundry, Arcova, DKG Manhole Covers, Ducast Factory L.L.C, Sealing Systems Inc., Aquacast Ltd, OPW Fibrelite, Polieco Group, KKSpun India Limited, Reackon Concretes Pvt. Ltd.

Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and rest of Europe), Asia-Pacific (China, India, Japan, South Korea and rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa)

COVID-19 scenario analysis:

  • The demand for manhole cover is expected to decrease in 2020 due to low demand from different industries such as construction industry due to the lockdown imposed by government of many countries.
  • Corona virus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export throughout the globe.
  • Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
  • Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
  • Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
  • The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
  • Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.
  • Therefore, the manhole cover market is expected to be negatively affected in 2020.

Key driving factors for the growth of manhole cover market:

There is an increase in construction projects in the last few years across the globe. Hence, to cover the drainage line manhole cover is required. Hence, this will be the key impacting factor for the growth of the manhole cover market during the forecast period.

Also, there is rise in demand for manhole cover from the municipality sector, thus boosting the growth of the market

Key segments covered:

Segments

Sub-segments

Product type

 

  • Metal cap
  • Regenerated resin
  • High strength steel fibre cement concrete
  • Others

Application

 

  • Municipal
  • Airport & ports
  • Others

End user

 

  • Chemical
  • Construction
  • Plastic and polymer

Key benefits of the report:

  • This study presents the analytical depiction of the manhole cover market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the manhole cover market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the manhole cover market growth scenario.
  • The report provides a detailed manhole cover market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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