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

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

Drainage channel refers to a channel for conveying storm-water runoff; they have a wide range of sizes, from 50 mm deep units for roof drainage to 250 mm deep drains on highways, and an increasingly wide range of materials, including Polymer concrete, wet compacted concrete, HDPE and stainless steel. The end use of the Drainage channel will determine which type is best for a particular application.

Market Overview:

The latest research study on the global Surface Drainage or Drainage Channels market finds that the global Surface Drainage or Drainage Channels market reached a value of USD 3485.65 million in 2022. It’s expected that the market will achieve USD 5337.8 million by 2028, exhibiting a CAGR of 7.36% during the forecast period.

Tight supply of raw materials

Affected by COVID-19, logistics will be suspended, and the supply of raw materials for Surface Drainage or Drainage Channels will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized Surface Drainage or Drainage Channels enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.

Affect the normal operation of the industry

The raging COVID-19 has left the global economic environment in depression. The impact of COVID-19 on the Surface Drainage or Drainage Channels industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The impact on the Surface Drainage or Drainage Channels industry depends on the prevention and control effects of COVID-19.

Drivers

Adequate surface drainage is the first step in providing good internal soil drainage. Most new roads have adequate capacity surface access. They are placed on one side of the pavement for safety reasons, but the key point is right at the edge of the pavement.
The total runoff from the pavement is almost equal to the rainwater that falls on it. At the edge of the pavement there is often a small pathway created by vehicles driving over the edge. A portion of the runoff is trapped here. Part of the runoff goes directly under the pavement. This problem can sometimes be solved by constructing a small gutter or ridge at the edge of the pavement. Frequent side ditches carry water to the main watercourse at the curb.
Subsurface drains placed under the edge of the pavement or in the berm nearby can be made to collect much of this runoff. On many roads not enough attention is given to the prompt removal of surface water from the right of way. There are many cases where water is standing within 12 to 24 inches vertically of the highway surface. These are the places where the highways have taken the worst beating. Perfect control of surface water is often the most important step in providing adequate internal drainage.

The improvement of service quality will become an important Opportunity for the entire industry

Good service is a necessary condition for improving user satisfaction and increasing user loyalty. Based on the premise of the user's vital interests, providing good pre-sales, sales, and after-sales services will bring a good reputation to the enterprise and establish a high-quality brand image. Bring more users and improve business benefits. On the contrary, if the problems reported by users are not resolved in a timely, rapid, and proper manner, they will inevitably turn to buy competitors’ products/services. Taking the protection of the user's production efficiency as its own responsibility, providing timely, fast, and proper pre-sales, sales, and after-sales service can not only improve the user's satisfaction with the brand but also create a good reputation for the product. In addition, good pre-sales, sales, and after-sales services can help companies understand market feedback on products in a timely manner, find product deficiencies, and provide decision-making data for improvements in procurement, R&D, and production. The improvement of service quality will become important opportunity for the entire industry.

Region Overview:

North America dominated the Surface Drainage or Drainage Channels market in 2022, with a market share of 25.94%.

Company Overview:

ACO is one of the major players operating in the Surface Drainage or Drainage Channels market, holding a share of 14.87% in 2023.

ACO

ACO Group manufactures building materials. The Company offers stormwater, building drainage systems, cable pit and ducting systems, access covers, and other related products. ACO Group serves customers worldwide.

Hubbell

Hubbell Power Systems, Inc. (HPS) manufactures a wide variety of transmission, distribution, substation, OEM and telecommunications products used by utilities. In addition, HPS products are used in the residential construction, transportation, gas and water industries. Products include construction and switching products, tools, insulators, arresters, pole line hardware, cable accessories, test equipment, transformer bushings and polymer precast enclosures and equipment pads.

Segmentation Overview:

Among different product types, Cast-In-Place segment is anticipated to contribute the largest market share in 2028.

Application Overview:

In the Surface Drainage or Drainage Channels market, 37.74% of the total value was generated through the Government segment by application in 2022.

Key Companies in the global Surface Drainage or Drainage Channels market covered in Chapter 3:

ABT
FRÄNKISCHE
Hubbell
ACO
ULMA Group
NDS
HYDROTEC Technologies AG
WATTS
Neenah Foundry
Jay R. Smith
Zurn

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

Cast-In-Place
Former Systems
Pre-Cast Concrete
Liner Systems

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

Industrial
Commercial
Residential
Government
Others

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)