South & Central America Manhole Covers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Metal Covers, Composite Covers, and Concrete Covers), Application (Municipal, Commercial Facilities, Industrial Facilities, Utility Pit

South & Central America Manhole Covers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Metal Covers, Composite Covers, and Concrete Covers), Application (Municipal, Commercial Facilities, Industrial Facilities, Utility Pits and Others)

The South & Central America manhole covers market is expected to grow from US$ 63.45 million in 2022 to US$ 77.04 million by 2028. It is estimated to grow at a CAGR of 3.3% from 2022 to 2028.

Product Innovations and Technological Developments in Manhole Covers Fuels South & Central America Manhole Covers Market

Many companies across the region are focusing on technological developments and new products related to manhole covers. Further, 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 South & Central America manhole covers market growth in the coming years.

South & Central America Manhole Covers Market Overview

The South & Central America manhole covers market is segmented into Brazil, Argentina, and the Rest of South & Central America. The manhole cover market in South & Central America is primarily driven by the increased use of manhole covers by the end use industries. Manhole covers have extensive use in the building & construction industry. Urbanization, rise in investment in research & development activities, and technological innovation related to manhole covers are expected to bolster the growth of the market during the forecast period.

Moreover, a few of the key players operating in the manhole covers market are increasing their share by focusing on product development and innovations. The increasing presence of global and local market players and growing research and development activities are likely to provide immense opportunities for the market growth in the coming years.

South & Central America Manhole Covers Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Manhole Covers Market Segmentation

The South & Central America manhole covers market is divided into product type, application, and country.

Based on product type, the South & Central America manhole covers market is segmented into metal covers, composite covers, and concrete covers. The metal covers segment held the largest South & Central America manhole covers market share in 2022.

Based on application, the South & Central America manhole covers market is segmented into municipal , commercial facilities, industrial facilities, utility pits and others. The municipal segment held the largest South & Central America manhole covers market share in 2022.

Based on country, the South & Central America manhole covers market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America manhole covers market share in 2022.

EJ Group, Inc.; Fibrelite; Huber Technology de Mexico; and SAINT GOBAIN S.A. are the leading companies operating in the South & Central America manhole covers market.

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