Uploaded on May 25, 2022
Wondering how the manhole covers industry in India is set to grow over the next half a decade or so? Here’s an in-depth analysis of the rapid growth in this sector till 2028 & beyond.
Manhole Covers Industry Strengthens To Grow At Faster Pace By 2028
Manhole Covers Industry Strengthens To Grow At Faster Pace By 2028 Introduction ● The push towards rapid urbanisation has picked up pace in India, particularly since the last few years ● It is fueling exponential growth in the manhole covers industry by 2028 ● To meet the demand the best cast iron manhole cover suppliers in India are rapidly expanding their portfolio ● They are optimising the latest technology, and striving to deliver the best value to buyers. 1.DEMAND FOR CUSTOM MANHOLE COVERS ● Construction and real estate sectors are expanding globally ● So the demand for manholes and manhole covers is growing exponentially ● Cast iron and ductile iron manhole covers are increasingly being used for diverse applications ● Quality & durability are key factors in this context. 2.FACTORS THAT ARE DRIVING THIS SECTOR FORWARD ● Apart from infrastructural advancements, civic and municipal amenities is also in need for manhole covers market ● The volume of utility pits, like electric lines, underground systems, is rapidly increasing ● This is opening up more growth opportunities for manhole cover sales ● With robust investments and technological advancements, the manhole covers market will grow in 2028 and beyond 3. FOCUS ON USING TOP-QUALITY MATERIALS ● In the increasingly competitive market, the top cast iron product manufacturers are ensuring the best value for their customers ● Use of high-quality raw material has become common in manhole cover manufacturing ● Covers with different load ratings which can handle various traffic pressures with ease ● Leading manhole cover manufacturers in India, like Crescent Foundry, regularly come up with products that conform to the relevant parameters. 4. MANHOLE COVER SUPPLIERS DELIVERING PRODUCT RELIABILITY ● Key factor of the strong growth of the manhole covers industry is the reputed manufacturers ● Apart from cast and ductile iron, manhole covers made of composite material are also being designed ● A combination of lightweight builds and high load-carrying capabilities typify the best manhole covers ● The excellent dimensional accuracy, material density of the covers also play their part in ensuring top-notch functionality and endurance 5. EASY AVAILABILITY OF CUSTOMISED SOLUTIONS ● To ensure smooth growth of the manhole covers market in particular, leading manufacturers & suppliers are providing a vast range of design patterns ● In addition to circular, rectangular and square manhole covers, inspection manhole covers with air-tight features are also being designed & supplied regularly ● As demand levels continue to surge, the onus will be even more on suppliers to meet the evolving requirements. 6. MIRRORING THE GROWTH OF THE INDIAN FOUNDRY MARKET ● The trends from the manhole covers market in India are reflective of the ongoing transformations and advancements in the country’s foundry sector ● Between 2021 and 2025, the sector is expected to grow by more than $12.2 billion ● The growing confidence and diversification of the entire foundry industry is, ushering the growth of all its sub-sectors ● The manhole covers sector is benefitting in a big way from this as well. 6. THE FOCUS ON CUSTOMISATION IS GROWING STRONGER ● As the market for casting products is skyrocketing, manhole cover manufacturers’ customised solutions is coming sharply into focus ● Locks, hinges and leak-proof provisions are some of the most important customisations in the industrial & municipal manhole covers ● Manhole covers with quality certifications (like ISO 9001, ISO 14001 and ISO 45001) are delivering optimal value-for-money for customers. 6. OVERCOMING CHALLENGES ● Earlier, there was a lack of clarity regarding usability and types of manhole covers required for different applications ● With greater transparency and seamless knowledge-sharing, manufacturers have removed this roadblock ● Also people used to think reliable and secure manhole covers being rather expensive ● As things stand now, practically all varieties of quality-assured manhole covers are available at highly competitive rates. 6. EASE OF INSTALLATION, USE & MAINTENANCE ● Concerns over performance and longevity of covers are getting minimised and demand levels are getting a further boost ● Covers with high mechanical strength, superior fatigue-resistance and anti-corrosion assurance require minimal maintenance ● The best manhole covers are easy to install as well, and do not pose any safety risks ● The top manufacturers also make sure that their operations do not violate environmental regulations in any way. Thanks! Contact us: LORDS BUILDING" Suite # 406, 4th Floor,7/1 Lord Sinha Road Kolkata 700 071, INDIA Email: [email protected]
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