Kohima News Paper

Manhole Covers Market To Exceed Valuation Of US$ 5 Bn By 2031 – TMR

 Breaking News
  • No posts were found

Manhole Covers Market To Exceed Valuation Of US$ 5 Bn By 2031 – TMR

October 26
01:35 2021
Manhole Covers Market To Exceed Valuation Of US$ 5 Bn By 2031 - TMR
Manhole Covers Market (Product: Metal Covers, Concrete Covers, and Composite Covers; and Application: Municipal, Industrial Facilities, Commercial Facilities, Utility Pits, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Transparency Market Research delivers key insights on the global manhole covers market. In terms of revenue, the global manhole covers market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global manhole covers market.

The global manhole covers market is broadly affected by factors such as corrosion of metal and need for their replacement. The increase in incidence of occupational injuries related to metal manhole covers is anticipated to hamper the global manhole covers market during the forecast period.

Request Brochure of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48129

Manhole Covers Market: Dynamics

Rise in usage of manhole covers in various applications such as municipal, commercial, and industrial facilities; and growth in usage of manhole covers in utility pits are likely to augment the global manhole covers market during the forecast period. Municipal applications of manhole covers include wastewater collection systems, sewer systems, and storm water systems. Manhole covers typically included in this segment belong to load classes B125, C250, and D400. Manhole covers belonging to other classes may also be used depending on the extent of load likely to be experienced by them.

Fuel stations, service stations, airports, docks, and ports fall under the commercial facilities segment of the manhole covers market. Service stations and fuel stations experience a wide range of loads on manhole covers, primarily vehicles. Manhole covers belonging to load classes B125, C250, and D400 can be used in service stations and fuel stations. The growth in mineral extraction activities is fueling the global demand for manhole covers in the mining sector.

Request for Analysis of COVID-19 Impact – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=48129

Manhole Covers Market: Prominent Regions

Europe is a highly lucrative region of the global manhole covers market. Germany accounted for a substantial share of the manhole covers market in Europe in 2020. The market in the country is likely to expand at a sluggish pace during the forecast period. The market in Russia & CIS is estimated to expand at a rapid pace during the forecast period. Based on product, the composite covers segment dominates the market in Europe, as composite covers have been adopted since a long time in the region.

North America is another major consumer of manhole covers. The rise in demand for composite covers in the region can be ascribed to the need for rehabilitation of old manhole covers in the U.S. Composites are light in weight, durable, and resistant to corrosion caused by road salts used in de-icing during winters. This is an important factor fueling the demand for composite manhole covers in North America.

Asia Pacific accounted for a vital share of the global manhole covers market in 2020. China dominated the market in the region in 2020. It is estimated to hold major share of the market in Asia Pacific during the forecast period. Japan and India are other countries that are anticipated to drive the manholes covers market in the region.

The manhole covers market in Middle East & Africa is likely to expand at a significant pace in the near future, owing to the presence of several municipal, industrial, utility, and commercial facilities in the region.

Manhole Covers Market: Key Players

The global manhole covers market is fragmented with the presence of a large number of players. Key players operating in the global manhole covers market are EJ Group Inc., Eagle Manufacturing Group, Fibrelite Composites Inc., Crescent Foundry, Saint-Gobain, Polieco Group, Ducast Factory LLC, Terra Firma Industries, Hygrade Products Ltd., Prime Composites Australia Ply Ltd., MC Pipes, and Manhole Covers Limited.

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

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Media Contact
Company Name: Transparency Market Research
Contact Person: Mr. Rohit Bhisey
Email: Send Email
Phone: 5186181030
Address:90 State Street, Suite 700
City: Albany
State: New York
Country: United States
Website: https://www.transparencymarketresearch.com/