According to Future Market Insights (FMI), the market for United State Hand holes is expected to grow at a CAGR of 4.2% between 2022 and 2032. In the upcoming years, the market will be helped by an increase in underground wire networking and a rise in demand for wire splicing. One of the main factors propelling the market’s expansion is the rising demand for underground vaults to access fibre optic cable and other utilities for splicing and repairs.
On the other hand, the development of large-scale infrastructure projects in the United States, government initiatives for the development of transportation facilities, and the strengthening of their energy (power generation) infrastructure are what primarily drive the industry’s expansion. As a result, thedemand for the nation’s Hand Holes market.
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Key players in the market are expanding their distribution channels in Texas, Arizona, and California owing to higher adoption of hand holes from the telecom industry. The rise in the demand for underground optical fiber in key populated states of Unites States is creating significant growth opportunities for the market.
“Growing demand for hand holes in the telecommunication industry owing to their lower cost is expected to bolster the demand in the U.S. Further, favorable U.S. government policies to better the public infrastructure in the 50 states is likely to pave the way for remunerative prospects for hand holes’ manufacturers,” says an FMI analyst.
Key Takeaways:
- The U.S. hand holes market is expected to reach US$ 564.9 Million by the end of 2032, growing at a CAGR of 4.2% over the forecast period.
- Growing demand for hand holes for easy access to cables & fibers during the course of maintenance & installation is favoring the growth of the market.
- In terms of material, the precast concrete polymers segment is expected to be dominate the market over the upcoming decade.
- End users are focusing on high-quality raw materials in order to increase product yield and thus profit margins on overall end-use products.
- Based on application, the fiber optic cables segment is expected to witness fastest growth over the forecast period.
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Competitive Landscape:
Oldcastle Infrastructure™, Jensen Precast, A.C. Miller Concrete Products, Inc., EJ Group, Inc., Garden State Precast, Concast, Inc., Utility Concrete Products, LLC, Paul Mueller Company, Precast Specialities Corp., Commercial Metal Forming, Walker Industries, Ltd. Clark Kennedy Co. Inc., S&M Precast, Hubbell Power Systems, Inc., Advance Concrete Products Co., Cromwell Concrete Products Inc., NovaLight Telecom Supply, Wieser Concrete Products, Inc., Crest Precast Concrete, Grand Valley Concrete Products, Power Precast Products, Corp. and various others are some of the key manufacturers of Hand Holes profiled in the full version of the report.
Hand Hole Market Segmentation
By Material Types:
- Precast Concrete
- Polymer Concrete
- Fiberglass
- HDPE
- Advance Composite
By Hand Hole Size:
- Square
- Up to 20 x 15
- 20 x 15 to 20 x 30
- 20 x 30 to 30 x 48
- 30 x 48 & Above
- Rectangular
- Up to 6.75 x 11 x 9
- 6.75 x 11 x 9 to 24 x 28 x 28
- 24 x 28 x 28 to 30 x 40 x 40
- 36 x 40 x 40 & above
- Circular
- Up to 6 x 10
- 6 x 10 to 9 x 12
- 9 x 12 to 10 x 42
- above 10 x 42
By Application:
- Fiber Optic Cables
- Wire Splicing & Repair
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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