The U.S. Drainage & Water Pipe Market: Size, Trends and Forecasts (2016-2020)
Scope of the Report
The report titled “The U.S. Drainage & Water Pipe Market: Size, Trends and Forecasts (2016-2020)” provides an in-depth analysis of the U.S. drainage & water pipe market with detailed analysis of market size, in terms of value and volume along with the market for each of the segments, namely, drainage pipe and water pipe. Also, the market analysis includes the major competitors for drainage pipe market and water pipe market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the U.S. drainage & water pipe market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. The competition in the U.S. drainage & water pipe market is stiff and dominated by the big players like Forterra, PLC. Further, key players of the drainage & water pipe market like Advanced Drainage Systems, Inc., American Water Works Company and Northwest Pipe Company are also profiled with their financial information and respective business strategies.
Advanced Drainage Systems, Inc.
American Water Works Company, Inc.
Northwest Pipe Company
The U.S. drainage & water pipe market increased at a significant CAGR during the span of 5 years, i.e., 2011-2015 and projections are made that the market would rise in the next five years, i.e., 2016-2020 tremendously. Since, water infrastructure is mandatory for any building structure, the market is seen rising over the years due to various reasons.
The drainage & water pipe market can be segmented on the basis of size and materials. On the basis of size, the pipes can be classified into, large diameter pipes and small diameter pipes, while on the basis of material, pipes are classified into, metallic pipes, Vitrified clay pipe, concrete pipe and plastic pipe. Metallic pipes are further segmented into ductile iron pipe & steel pipe and plastic pipes are classified into HDPE pipe & PVC pipe.
The major growth drivers for the U.S. drainage & water pipe market are: the rise in the fast act funding and water infrastructure spending, the upsurge in the construction activities across the nation along with the aging water infrastructure, which has increased the need for the replacement of the old drainage & water pipes. Despite the market is governed by various growth drivers, there are certain challenges faced by the market such as: decline in the share of federal capital spending on the water utilities, increasing gap between the actual capital spending and needed capital spending on water infrastructure, fluctuations in the steel price and economic slowdown. The two major trends in the market include the adoption of PPP model and the emergence of water utilities sector from the economic slowdown.