Global Trench Drains Market Size By Product (Cast-In-Place, Pre-Cast Concrete, Liner Systems), By Application (Construction), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Trench Drains Market Size By Product (Cast-In-Place, Pre-Cast Concrete, Liner Systems), By Application (Construction), By Geographic Scope And Forecast
Trench Drains Market Size And Forecast
Trench Drains Market size is growing at a moderate pace with substantial growth rates over the last few years, and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.
The rising awareness campaigns to reduce drainage by replacing the old systems with the latest trench drain systems are driving the market. The rapidly growing construction sector coupled with renovation activities and increasing residential and commercial buildings has fostered market growth. The Global Trench Drains Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Trench Drains Market Definition
A trench drain is a system that provides an elongated surface for water to drain from a specific area. It is a type of floor drain containing a dominant trough- or channel-shaped body. It is implemented in areas such as a driveway, beneath an un-guttered roof edge, sidewalk, or similar area where water tends to collect. Trench drains are made from a variety of materials such as plastic, galvanized steel, cast iron grates, polymer, and HDPE trenches. These materials helped these drains to be used with sump pump systems to remove water from low-lying areas or diverted it into a rain garden. They are bifurcated into majorly four types – cast-in-place, pre-cast concrete, liner systems, and former systems.
Trench drains exhibit properties such as it reduces ponding, minimizing slip hazards, protecting and extending the life of paved surfaces, and reducing hydroplaning hazards to vehicles on road. They are predominantly used in the construction sector for residential and commercial buildings. Trench drains also find extensive applications in food processing industries, manufacturing plants, retail stores, and animal facilities centers.
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Global Trench Drains Market Overview
The increasing urbanization and population globally boost the Global Trench Drains Market. The construction industry is the main key factor to drive the global market. The need for rapid drainage is necessary for residential and commercial buildings. This factor has accelerated the need. The advancements in technology and favorable government rules and regulations are factors positively anticipated to propel the overall growth of the Global Trench Drains Market.
Some factors hinder the market. The factors such as high maintenance and corrosion factor are limiting industry growth. Further, the grates used for trench drains also create several serious safety concerns thus inhibiting the market. Grates can also break, either by having too heavy of a load placed on them or from normal wear-and-tear. This is the potential factor hampering the overall Global Trench Drains Market.
Global Trench Drains MarketSegmentation Analysis
The Global Trench Drains Market is Segmented on the basis of Product, Application, And Geography.
Trench Drains Market, By Product
• Cast-In-Place• Pre-Cast Concrete• Liner Systems• Former Systems
Based on Product, the market is bifurcated into Cast-In-Place, Pre-Cast Concrete, Liner Systems, and Former Systems. The product segment varies according to the end-users. The different dimensions of construction implement various types of trench drain systems. Linear Systems are majorly used in the construction sector.
Trench Drains Market, By Application
• Construction• Others
Based on Application, the market is bifurcated into Construction and Others. The construction segment holds the largest market share. The factors that can be attributed to the increased number of residential or commercial and ease of installation are fueling the demand for this segment.
Trench Drains Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of regional analysis, the Global Primary Trench Drains Cirrhosis Drug Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific holds the largest market share. China dominated the sales of trench drains. The growing urbanization, increasing construction industry, and the availability of government funding will boost the market in the APAC region.
Key Players
The “Global Trench Drains Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Zurn, MIFAB, NDS, ACO Drain, WATTS, Jay R. Smith, Josam, Hubbell, Neenah Foundry, Hydrotec, Capteurs GR. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Product Launches
• In Nov 2018, Watts Water Technologies, Inc. has extended its BLÜCHER worldwide design and trench drainage system production capabilities in Europe and North America to meet increased demand and improve delivery speed to clients across the world.
• In Oct 2019, Camden Valley Way was upgraded as part of the Australian Government’s $50 billion investment in modernizing transportation infrastructure. RMS authorized kerb inlet drains and ACO’s high-duty roadway grated trench drains were fitted.
Mergers and Acquisitions
• In April 2021, Sioux Chief has acquired Sun Drainage and Sigma Corp/Hydrotec Technologies Trench Drain.
Report Scope
Report Attributes
Details
Study Period
2021-2031
Base Year
2024
Forecast Period
2024-2031
Historical Period
2021-2023
Key Companies Profiled
Zurn, MIFAB, NDS, ACO Drain, WATTS, Jay R. Smith, Josam, Hubbell.
Segments Covered
By Product
By Application
By Geography
Customization Scope
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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Table of Content
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