Global Manhole Cover Market By Material Type (Cast Iron, Ductile Iron And Other Material), By Application (Municipal & Roads, Communication & Power, Other Application), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Manhole Cover Market By Material Type (Cast Iron, Ductile Iron And Other Material), By Application (Municipal & Roads, Communication & Power, Other Application), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Manhole Cover Market by Material Type (Cast Iron, Ductile Iron and Other Material), By Application (Municipal & Roads, Communication & Power, Other Application), and by Region -Global Forecast to 2030, which offers a holistic view of the global Manhole Cover market through systematic segmentation that covers every aspect of the target market.

The global Manhole Cover market is projected to be US$ 3,683.70 Mn in 2020 to reach US$ 4,880.7 Mn by 2030 at a CAGR of 2.9%.

Manhole covers are used to enclose an opening of a sewer which is called a manhole. Manhole covers are used to protect one from falling into a manhole and also to avoid any form of material from falling into it. These covers are manufactured in shapes such as round, rectangle or square etc. Currently, ductile iron is used predominantly for manhole covers. Various materials are used for manufacturing different types of manhole covers. Manhole covers are available in various shapes and sizes as per the requirement. Manhole covers can be made either of the following- ductile iron, cast iron, composite material or concrete. These materials are used, keeping in mind the load-bearing capacity. These are graded as per their load-bearing capacity. Ductile iron has more tensile strength as well as elasticity.

Rising construction of residential or no-residential buildings and rise in the industrial development in the emerging nations is expected to bolster the growth of global manhole market. Global manhole market will have more opportunity in the near future due to the evolution of end-user industries such as telecom industry, oil-gas industry, information and technology, petrochemicals industry etc.


Global Manhole Cover Market Revenue (US$ Mn), 2021 to 2030


Advanced Composite materials are increasingly being used as it is light in weight and has more strength to weight ratio, which aids in the market growth. Also, they are resistant from corrosion and easy to install.

Iron, as well as concrete manhole covers, are very bulky and difficult to install. It may even be risky for workers installing it. This could curb the growth of the market. Also, there is a risk of theft for ductile as well as cast iron manhole covers because of their good scrap value. Hence its usage is being reduced, which could slightly affect the growth of the market. Life of manhole cover is significant; hence no frequent replacement is needed which could hinder the market progress

Global manhole cover market is segmented on the basis on Material Type, Application and region. On the basis of Material Type, the market is segmented into cast iron, ductile iron and other material. The ductile iron segment accounts for the majority share in the global manhole cover market, while the cast iron is expected to register the highest growth rate over the forecast period. On the basis of Application, the market is segmented into municipal & roads, communication & power, other application. The municipal & roads account for a majority share in the global manhole cover market.


Global Manhole Cover Market By Application, 2018


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and MEA. Europe accounts for the majority share in the global manhole cover market. Apac is expected to register the highest growth rate over the forecast period. Countries and regions such as China, Japan, Southeast Asia and the rest of the world are expected to register stable growth over the forecast period.

The research report on the global manhole cover market includes profiles of some of major companies such as EJ Group, Inc., Neenah Enterprises, Inc., Saint Gobain PAM S.A, HUBER SE, HYDROTEC Technologies AG, Ducast Factory LLC, Paprec France SA, Crescent Foundry Co Pvt Ltd, Clark-Drain Ltd, Aliaxis S.A. Dover Corporation, Bass & Hays Foundry, Inc.

Key Market Segments:

By Product

  
Concrete Covers
  
Metal Covers
  
Composite Covers

By Application

  
Commercial Facilities
  
Municipal
  
Utility Pits
  
Industrial Facilities


Key Market Players included in the report:


  


  
Aquacast Ltd.
  
Arcova Ltd.
  
Crescent Foundry
  
DKG Manhole Covers
  
Ducast Factory L.L.C
  
Eagle Manufacturing Group
  
EJ GroupInc.
  
Fibrelite (Dover)




  
KKSpun India Limited
  
OPW Fibrelite
  
Peter Savage Limited
  
Polieco Group
  
Prime Composites Australia Ply Ltd.
  
Reackon Concretes Pvt. Ltd.
  
Saint-Gobain
  
Sealing Systems, Inc.


Below are the key development related to Manhole Cover Market in 2020 and 2021.


May 2021: Oak Grove awarded $300,000 in DEQ funds for new manhole covers. The Town of Oak Grove Water/Sewer Department was awarded a $300,000 loan with 100% forgiveness from the Louisiana Department of Environmental Quality to install Sewer Sentry manhole covers throughout the Town of Oak Grove. The Sewer Sentry manhole cover system has been deployed in communities around the region that experience issues with storm water infiltration of the sewer system. The Sewer Sentry prevents sanitary sewer overflow problems by reducing inflow during rainstorms while reducing the systems exposure to corrosive gases. A typical one-hole manhole cover lets in approximately four gallons of water per minute when covered by ½ inch of water. This product, with its raised hole, gasket and snorkel in ditch installations, will eliminate approximately 95% of the inflow as the only water entering will be what is coming directly into the hole. The Town of Oak Grove has approximately 300 manholes which equals around 1,200 gallons per minute of storm water infiltration. Source

March 2021: ABLOY USA Critical Infrastructure and Neenah Foundry Unveil Exclusive Partnership to Secure Underground Infrastructure. Utility and industrial enterprises need secure operations around-the-clock, knowing that any threat to the public’s safety can negatively impact revenues and tarnish their reputations. Now they have a new solution to help as ABLOY USA Critical Infrastructure Global Solutions has created an exclusive partnership with Neenah Foundry to introduce InfraLOCK™, a high security locking system designed specifically to protect the nation’s underground infrastructure. ABLOY USA has an impressive 45-year track record of developing advanced engineering, design and innovation in the field of electromechanical locking technology. In addition to providing critical asset security, they offer remote access management solutions to minimize security risks at critical infrastructure properties operated by governments and utilities around the world. InfraLOCK is a heavy duty Neenah manhole cover that incorporates the ultra-strong ABLOY® PLM340 padlock. The cover is furnished with a cast iron plug that conceals the weather-resistant padlock housing. When unlocked, the hardened steel constructed padlock swings to the side – and by design – cannot be removed from the housing. Pullback on a cast iron bar releases the locking mechanism and allows the cover to be removed. Source

October 2020: Vortex Companies acquires Parson Environmental. Sewer rehabilitation product and construction materials company will become part of the trenchless infrastructure company’s business. HOUSTON, TX -- The Vortex Companies ("Vortex"), a leading trenchless infrastructure solutions provider, have announced the acquisition of Parson Environmental Products, Inc. (Parson Environmental), a national provider of sanitary sewer rehabilitation and stormwater retention products, Source