The United States hand holes market is to witness a year-on-year growth of 4.1% in 2023 and reach US$ 389.0 million by 2023. It is further anticipated to total US$ 586.9 million by 2033. The demand for hand holes is primarily driven by the increasing extent of repair and maintenance activities, retrofitting existing infrastructure supplemented by industry growth and urbanization.
On the other hand, the expansion of the construction industry is predominantly driven by the development of large-scale infrastructural projects in the U.S., government initiatives taken for the development of transportation facilities, and the strengthening of their energy (power generation) infrastructure, in turn, surging the demand for the Hand Holes market in the country.
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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 the United 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 From the Market Study:
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 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 the fastest growth over the forecast period.
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.
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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
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