Report : North America Manhole Covers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type (Metal Covers, Composite Covers, and Concrete Covers) and Application (Municipal, Commercial Facilities, Industrial Facilities, Utility Pits, and Others)
Rapid Growth of Construction & Infrastructure Sectors Contributes to North America Manhole Covers Market
According to our latest market study, “North America Manhole Covers Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type and Application,” the market is expected to grow from US$ 627.77 million in 2022 to US$ 846.81 million by 2028; it is expected to grow at a CAGR of 5.1% from 2022 to 2028. The report highlights key factors governing the growth of this market. It also profiles prominent market players and their developments in the North America manhole covers market.
In the US, municipal facilities witnessed an increase in demand for manhole covers. They are widely used in the country in wastewater collection systems. Infrastructure development in the country has supported the need for manhole covers. In the US, ~20,000 million economies rely on the vast network of infrastructure, from roads and bridges to freight rail and ports to electrical grids and internet provision. In the construction of roads, manholes change the direction and alignment of the sewage system. Manholes also help in laying the sewer line in the conventional length due to its main parts, i.e., vertical circular pipe and chamber—which are used to access the system inspection joints and to prevent unwanted vehicular accidents caused by open manholes that are closed by using manhole covers. Manhole covers safeguard passers-by against unwanted odors and possible slip-ins. Moreover, increasing investment has supported the growth of the construction sector. For instance, in November 2021, the US government approved the largest federal investment for construction projects. All these factors have positively affected the growth of the manhole covers market.
Concrete manhole covers were introduced as an alternative to metal manhole covers. Concrete manhole covers are framed lids that are lodged over the manholes to ensure that no human, animal, or object falls into the manholes. Concrete manhole covers are corrosion-resistant and nonconductive, which eliminates the risk of the conduction of heat and electricity. Concrete manhole covers have high strength and durability. The increase in incidents of missing metal manhole covers has surged the demand for concrete manhole covers to prevent thieves from removing and selling them as metal scraps.
Impact of COVID-19 Pandemic on North America Manhole Covers Market
The COVID-19 pandemic led to adverse effects in many industries, such as chemical & materials, as they faced unprecedented challenges due to disruptions in supply chains and manufacturing processes, delivery schedules, and sales of various goods. North America was one of the worst-affected economies due to the COVID-19 pandemic. The US recorded the highest number of COVID-19 confirmed cases in North America. The unprecedented rise in the number of COVID-19 cases across the region and the subsequent lockdown of numerous manufacturing facilities hampered the growth of the manhole covers market. In addition, the overall disruptions in manufacturing processes, research & development activities restrained the growth of the manhole covers market. Moreover, the declined construction activities in the region, such as residential and infrastructural construction, adversely affected the manhole covers market. Further, demand for new construction materials in the region witnessed a massive decline after the onset of the COVID-19 outbreak, with manufacturers and investors fearing an excessively receding economic growth. However, the market revived due to significant measures, such as vaccination drives, taken by governments of North American countries. As a result, the reviving economy boosted the need for more residential and non-commercial projects, leading to projects that cover the drainage line manholes.
Saint-Gobain; John Bouchard and Sons Co.; Fiberlite; Eagle Manufacturing Group; EJ Group, Inc.; Nexgen Insulation and Refrigeration LLP; LF Manufacturing; Neenah Foundry; Vodaland; Huber Technology De Mexico are the key players operating in the North America manhole covers market. These market players are emphasizing on developing high-quality and innovative products and expanding their product portfolios to address continuously evolving customer demands.
The report segments the North America manhole covers market as follows:
Based on product type, the North America manhole covers market is segmented into metal covers, composite covers, and concrete covers. Based on application, the North America manhole covers market is categorized into municipal, commercial facilities, industrial facilities, utility pits, and others. Based on country, the North America manhole covers market is segmented into Mexico, the US, and Canada.
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