Rising at a CAGR of 4.5%, ductile iron pipe sales in North America are projected to increase from US$ 1.67 billion in 2024 to US$ 2.59 billion by the end of 2034.

The North American ductile iron pipe market is experiencing significant growth, driven by advancements in manufacturing technologies that enhance durability and cost-effectiveness. These innovations, particularly in the United States, have led to improved coatings, pipe designs, and corrosion prevention techniques, resulting in more robust pipes with reduced maintenance requirements.

Key players in this market include American Cast Iron Pipe Company, United States Pipe and Foundry Company LLC, McWane Inc., and Saint-Gobain. These companies are at the forefront of adopting new technologies and expanding their product lines to meet the evolving demands of infrastructure projects across the region.

Looking ahead, the market presents substantial opportunities, particularly in the realm of sustainable water and wastewater management. The increasing emphasis on environmental conservation and the need for resilient infrastructure are propelling the adoption of ductile iron pipes as a sustainable solution. Their recyclability and durability make them a viable choice for long-term infrastructure projects aimed at addressing water scarcity and ensuring efficient resource management.

Market analysis indicates that ductile iron pipe sales in North America are projected to rise at a compound annual growth rate (CAGR) of 4.5%, increasing from US$1.67 billion in 2024 to US$2.59 billion by the end of 2034. This growth is attributed to the increasing demand for corrosion-resistant pipes in water distribution systems, sewer systems, and other infrastructure projects, especially in areas with aggressive soil conditions or corrosive elements.

Recent updates in the industry highlight a focus on enhancing product performance and compliance with environmental standards. Innovations in coatings, such as zinc or zinc-aluminum combined with bitumen or epoxy, have significantly improved corrosion resistance, meeting or exceeding industry standards related to water quality and environmental protection. Municipalities and utility companies prefer these pipes to ensure compliance with regulations and to promote sustainable practices.

The latest industry news underscores the market's expansion, with projections indicating that the global ductile iron pipe market is estimated to reach US$15.34 billion by 2034, growing at a CAGR of 5.1% from 2024 to 2034. This growth is driven by increasing investments in water and wastewater infrastructure development, particularly in regions facing water scarcity and the need for efficient resource management.

In conclusion, the North American ductile iron pipe market is poised for substantial growth, supported by technological advancements, key industry players' strategic initiatives, and a growing emphasis on sustainable infrastructure solutions. The market's future opportunities lie in addressing the increasing demand for durable, cost-effective, and environmentally compliant piping solutions across various sectors, including municipal water supply, wastewater management, and industrial applications.

Read More-

The global electric parking brake market is projected to expand at an impressive CAGR of 12.4% and end up at a valuation of US$ 5.92 billion by 2033, up from US$ 1.83 billion in 2023.

Worldwide demand for low voltage motors is predicted to rise at a healthy CAGR of 6.8% from 2023 to 2033. At present, the global low voltage motors market is valued at US$ 41.20 billion and is thus expected to touch a valuation of US$ 79.55 billion by 2033.

The excavator rental market size in terms of revenue was valued at US$ 5.8 Billion in 2022. The global market is projected to grow from US$ 6 Billion in 2023 to US$ 9.6 Billion by 2033-end, growing at a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2023 to 2033.

According to Fact.MR, the global port material handling equipment vehicle market reached a size of US$ 6.97 billion in 2022 with worldwide demand increasing at a CAGR of 5.4% from 2018 to 2022. The industry is projected to expand at a CAGR of 5.2% and reach US$ 12.17 billion by the end of 2033.

Mini skid steer rental services demand is expanding and is poised to grow at a rate of 4.5% during the forecast period and reach a valuation of US$ 353.6 million in 2033 from US$ 245.9 million in 2023.

The global power equipment rental market size is estimated to be valued at US$ 11.4 billion in 2023 and it is expected to grow at a CAGR of 5.3% to reach US$ 19.2 billion by the end of 2033.

The global tiller rental market is expected to grow at a CAGR of 3.1% and reach a valuation of US$ 826.5 million in 2033, up from US$ 609.1 million in 2023. This represents an absolute opportunity of US$ 235.8 million during the forecast period.