Middle East & Africa Manhole Covers Market Forecast to 2028 – Regional Analysis – by Product Type (Metal Covers, Composite Covers, and Concrete Covers) and Application (Municipal, Commercial Facilities, Industrial Facilities, Utility Pits and Others)
The Middle East & Africa manhole covers market is expected to grow from US$ 80.66 million in 2022 to US$ 100.49 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
Product Innovation and Technological Developments in Manhole Covers Fuels Middle East & Africa Manhole Covers MarketMany companies across the globe are focusing on technological developments and new products related to manhole covers. In October 2019, Fiberlite developed a new range of radio frequency (RF) friendly manhole covers, which are designed to support data transfer between antennas aboveground and underground. Hence, there has been significant demand for RF-friendly manhole covers. RF smart manhole covers are used for underground monitoring systems and telematics in utilities, where transmitters under covers are used to monitor or control oil/water usage, floodwater, sewer flow, etc. Thus, all these recent technological developments and product innovations in manhole covers are likely to support the Middle East & Africa Manhole Covers Market growth in the coming years.
Middle East & Africa Manhole Covers Market OverviewThe Middle East & Africa Manhole Covers Market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The shift in consumer lifestyles, urbanization, economic development, enhanced construction activities, and development of the end user industries are a few factors supporting the Middle East & Africa Manhole Covers Market growth. Also, the market is witnessing rapid development in the Middle East due to the increased adoption of advanced manhole covers by the end use industries.
In addition, the harsh weather conditions of the desert, lack of unskilled laborers, and high labor wages are a few factors restricting the development of the Middle East & Africa. However, due to urbanization, Middle Eastern countries are focusing on the adoption of advanced technologies. Therefore, the rising urban population has increased the construction of private residential buildings in semi-urban and urban cities. Therefore, the rise in the construction of roads, utility pits, and commercial and industrial buildings has increased the demand for manhole covers in the region.
Middle East & Africa Manhole Covers Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Manhole Covers Market SegmentationThe Middle East & Africa manhole covers market is segmented into product type, application, and country.
Based on product type, the Middle East & Africa manhole covers market is segmented into metal covers, composite covers, and concrete covers. The metal covers segment held the largest share of the Middle East & Africa manhole covers market in 2022.
Based on application, the Middle East & Africa manhole covers market is segmented into municipal, commercial facilities, industrial facilities, utility pits and others. The municipal segment held the largest share of the Middle East & Africa manhole covers market in 2022.
Based on country, the Middle East & Africa manhole covers market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. Saudi Arabia dominated the Middle East & Africa manhole covers market in 2022.
EJ Group Inc., Fibrelite, M.A.H.Y. Khoory Group, and Saint Gobain SA are the leading companies operating in the Middle East & Africa manhole covers market.
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