Global Drainage Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Drainage Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Drainage Systems market finds that the global Drainage Systems market reached a value of USD 5847.08 million in 2022. It’s expected that the market will achieve USD 7626.0 million by 2028, exhibiting a CAGR of 4.53% during the forecast period.

Influence of COVID-19 Outbreak on Drainage Systems Industry Development

The new coronavirus not only threatens the lives of people around the world, causing social anxiety and pessimism, but also affecting the global industrial chain. Pessimists predict that the world economy will never return to the past. This conclusion has certain basis. Since the outbreak of the epidemic in Wuhan, China, China has immediately stopped production and a large number of laborers have ceased operations in China. Even during the Spring Festival, the development of the disease clearly exceeded China's ability to control, resulting in the suspension of China's economic activities for nearly three months.
Secondly, COVID-19 led to a decrease in management efficiency of companies providing drainage system services. Commuting was severely hindered, network expansion was delayed, marketing was delayed, brand adjustments were forced, market sales declined, and company and employee income were damaged. Although the current number of COVID-19 infections is not as serious as in the early days, experts have expressed concern about the second wave of outbreaks. The OECD stated that if the second wave of outbreaks broke out before the end of the year, the world economy might experience negative growth of 7.6%.
Although the epidemic has affected the development of various industries, the drainage system industry is less affected. Since the maintenance and renewal of the drainage system directly affects people's quality of life, the negative impact on the demand side is relatively small. However, the epidemic may cause some commercial construction to be delayed, thereby reducing the sales of the drainage system and affecting the development of the industry this year. Therefore, we expect the industry to experience a small increase.

Strength

The developement of eoconomy and technology: Economic and technological developments have allowed mankind to rapidly expand its territory in the past years and open up areas that could not be developed before. As an important part of regional construction and development, the drainage system can help maintain a clean and comfortable social environment. Therefore, no matter what kind of environment it is to build, for example,a city, residential or commercial real estates, it needs the cooperation of the drainage system. Strong downstream demand directly promotes the development of the drainage system industry.
Continuous innovation: Product innovation is the driving force for the development of the industry and the reason why the company can continue to provide quality services to customers. For the drainage system industry, it must improve the process because the downstream customer is looking for more effective methods to eliminate unnecessary water. Continuous innovation can attract customers' attention, cultivate loyalty and create competitive advantages, which is conducive to expanding market share.

Weakness

Large initial investment: Whether it is a family or a city's drainage system, a large amount of investment is needed in the early stages of construction. Although t it is beneficial for long-term development, this is not a small expense for some governments in developing countries and families with low incomes.
Fierce Competition: The industry is highly competitive. Companies that has technological advantage, loyal customers, mature teams and comprehensive understanding of customer needs may be less affected. However, if the newly entered company does not have a strong team, sufficient funds and mature sales channels, it is difficult to gain a place in the market.

Region Overview:

Geographically, North America held the largest market share – 34.35% in 2022.

Company Overview:

Advanced Drainage Systems is one of the major players operating in the Drainage Systems market, holding a share of 23.03% in 2023.

Advanced Drainage Systems

Advanced Drainage Systems (ADS) specializes in drainage products and services to provide solutions for the most sustainable and challenging water management issues.

ACO Drain

ACO produces a wide range of drainage and landscape products, including polymer concrete, stainless steel, mild steel, cast iron, fiberglass and molded plastics. These different material types are used to produce components for all applications - commercial and residential construction, as well as electromechanical engineering and environmental protection.

Segmentation Overview:

By type, Channel Drains /Trench Drains segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Municipal, with a market share of 39.5% in 2022.

Key Companies in the global Drainage Systems market covered in Chapter 3:

Sanipro
WATTS
Neodrain
ACO Drain
Hubbell
Neenah Foundry
Source One Environmental
Precast Manufacturing Company
Rockford Separators
MIFAB
Advanced Drainage Systems
Fernco
Josam
Zurn
Turner Company
Standartpark
Oldcastle Infrastructure
Capteurs GR
Jay R. Smith
NDS

In Chapter 4 and Chapter 14.2, on the basis of types, the Drainage Systems market from 2018 to 2029 is primarily split into:

Channel Drains /Trench Drains
French Drain Systems
Catch Basins
Dry Well Drainage Systems
Drain Emitters
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Drainage Systems market from 2018 to 2029 covers:

Residential
Commercial
Municipal

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)