Description
North America Manhole Cover and Grating Market Research Report Forecast to 2027
Market Overview
The demand for manhole covers and grating is growing significantly in the North American market owing to Growing government initiatives to strengthen civic systems and Rising construction activities. A manhole cover is a removable plate that forms a lid over the opening of a manhole to prevent anyone or anything from falling in and keep out unauthorized persons and material. Manhole covers come in different sizes and shapes and are often made from cast iron, composites, or fabricated steel. A grating is a framework of parallel or crossed bars, typically preventing access through an opening while permitting communication or ventilation.
The North America manhole cover and grating market is projected to grow at a 4.9% CAGR during the forecast period, 2021–2027. In 2020, the manhole cover and the grating market were dominated by the US with a 52.2% share, followed by Canada & Mexico with shares of 26.8% and 21.1%, respectively. The growth of the North America manhole covers, and grating market is expected to be driven by factors such as the growing government initiatives to strengthen the civic systems and the rising construction activities. However, the fluctuation in raw material prices and the increased import of manhole covers are likely to restrain the growth of the manhole covers and grating market. Nevertheless, innovation in manhole cover designs is expected to present lucrative growth opportunities for the vendors in the North American market.
Market Segmentation
The North America manhole cover and the grating market have been segmented based on type, material, application, and country. Based on type, the North American manhole cover and the grating market have been segmented into manhole cover and grating. The manhole cover segment is expected to grow at a faster rate during the forecast period.
Based on material, the North America manhole cover and grating market have been segmented into grey iron, ductile iron, concrete, plastic, and others. The grey iron segment is expected to grow at the fastest rate during the forecast period.
Based on application, the North America manhole cover and grating market has been segmented into the sanitary sewer, storm sewer, industrial, and others. The sanitary sewer segment is expected to grow at the fastest rate during the forecast period.
Regional analysis
Based on country, the report on the North America Manhole cover & grating market has been segmented into US, Canada, and Mexico.
The US Environmental Protection Agency (EPA) estimates there are at least 23,000–75,000 Sanitary Sewer Overflows (SSO) per year (not including sewage backups in buildings) in the country. SSOs can contaminate water sources, causing serious water quality problems and property damage and threatening public health. Thus, there is a decent scope of growth for the manhole covers market in the US. For analysis, the country is sub-segmented into southeast, northeast, Midwest, southwest, and west.
Major Players
Eagle Manufacturing Group, Neenah Foundry Company, OPW, EJ Group, and Bass & Hays Foundry, Inc are some of the key players operating in the North American market.
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