north america manhole covers Market

The North America manhole covers 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.

Manhole covers provide access to underground utilities such as piping, meters, telecommunications, and wastewater treatment utilities. They also allow access to meters that read liquid flows to things such as sanitary sewer lines. The basic function of manhole covers is to cover the drainage lines and prevent road accidents. Manhole covers prevent people from falling into drains and sewers. Manhole covers are mainly made of metals, concrete, and composite materials. Moreover, increasing road construction activities in the U.S. is expected to boost the demand for manhole covers in the North America manhole covers market.

Rapid economic growth, infrastructural development with huge investments, and the growing construction sector in Canada are propelling the growth of the North America manhole covers market in the country. Large-scale construction projects in the buildings & infrastructure sectors have been prominent across the country since the economic downturn. The value of construction projects has also increased in Canada owing to the skyscrapers built over the last decade in major Canadian cities. Upgrades in infrastructure development are supported by a federal department headed by the Minister of Infrastructure and Communities of Canada. Further, residential projects have increased with the high demand for construction in the country. In the construction sector, manholes give access to underground systems such as electricity utility pits, sewer systems, and telecommunication lines for cleaning, repairing, and removing obstructions, and manhole covers are used to cover them.

Further, agencies are introducing permanent manhole covers that are paved in concrete to prevent thefts. Further, technological developments and product innovations related to manhole covers are supporting the growth of the North America manhole covers market. For instance, in August 2021, Neenah Foundry, a leading American manufacturer of highly engineered, structural, and sustainable solutions for industrial markets, launched InfraLOCK-a heavy-duty manhole cover system.

Based on product type, the North America manhole covers market is segmented into metal covers, composite covers, and concrete covers. Metal manhole covers are heavy, cost-effective, and have a strong weight-bearing capacity as they are heavy; thus, they stay in place when traffic runs over them. Manhole covers are removed by using suitable machinery. Metal manhole covers ensure road safety, keep garbage and debris from falling into drains or manholes, and allow easy access to underground facilities. It is easy to fabricate metal manhole covers and can be customized according to requirements. Customization of metal manhole covers is supporting the demand for metal manhole covers. This has made it easy for customers to choose various shapes and sizes of manhole covers.

Manhole covers have huge applications in municipals. Manhole covers are defined as removable plates covering the opening of a manhole, leading to a sewer or drain. Municipals are using manhole covers to cover wastewater collection systems, stormwater systems, and sewer systems. Manhole covers are used in drainage lines, gas pipelines, water distribution systems, and many other municipal applications. They are also used for easy and safe passage access to perform regular checking and maintenance services for the respective utility services.

Saint-Gobain; John Bouchard and Sons Co.; Fiberlite; Eagle Manufacturing Group; EJ Group, Inc.; Nexgen Insulation and Refrigeration LLP; LF Manufacturing; Neenah Foundry; Vodaland; and Huber Technology De Mexico are among the major players operating in the North America manhole covers market. Key companies are focusing on strategies such as R&D investments and new product launches. They develop high-quality and innovative products to fulfill the customers' requirements.

The overall North America manhole covers market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the North America manhole covers market.