According to Future Market Insights (FMI), the market for  U.S. hand holes in the United States is expected to grow at a 4.2% CAGR between 2022 and 2032. In the coming years, the market will benefit from increased underground wire networking and wire splicing demand. Growing demand for underground vaults to gain access to fibre optic cable and other utilities for splicing and repairs is a key driver of market growth.

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, on the other hand, are driving the expansion of the construction industry.

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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 Mn 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.

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.