Utility Poles Market by Type and Geography - Forecast and Analysis 2022-2026

The utility poles market share is expected to increase to USD 9.53 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.66%.

This utility poles market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers utility poles market segmentation by type (distribution poles and transmission poles) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The utility poles market report also offers information on several market vendors, including Arcosa Inc., Bell Lumber and Pole Co., Bridgewell Resources LLC, EL Sewedy Electric Co., FUCHS Europoles GmbH, Koppers Inc., Hill and Smith Holdings Plc, NIPPON CONCRETE INDUSTRIES CO. LTD., Pelco Products Inc., RS Technologies Inc., Saleh and Abdulaziz Abahsain Co. Ltd., Skipper Ltd., STELLA JONES INC., and Valmont Industries Inc. among others.

What will the Utility Poles Market Size be During the Forecast Period?

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Utility Poles Market: Key Drivers, Trends, and Challenges

The surging consumption of energy is notably driving the utility poles market growth, although factors such as rise in trend for underground cables and wiring network may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the utility poles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Utility Poles Market Driver

One of the key factors driving the global utility poles industry growth is the surging consumption of energy. Utility poles are primarily used to support and carry electricity lines, distribution lines, and sub-transmission lines. Power transmission and its distribution are key applications and play an important role in maintaining electricity networks; in this process, power is transferred from power stations to regional substations and further to homes or facilities of end consumers. In addition, utility poles are used in the communication sector to carry coaxial cables for television broadcasting and fiber optic cables for telecommunication lines. Thus, such factors are anticipated to drive the growth of the market in focus during the forecast period.

Key Utility Poles Market Trend

Increased demand for power generation, owing to population growth and rapid urbanization and industrialization, is one of the key utility poles market trends that is expected to impact the industry positively in the forecast period. Urbanization and industrialization are inextricably linked, and thus with the rise in the urban population, industrial activities will gain traction. The need for new manufacturing plants and the expansion of existing plants will rise, and consequently, the demand for electricity will also escalate. In addition, meeting the demand for power is important for the socio-economic development of a country. Thus, billions of dollars are being invested in the development of power distribution networks to increase the electrification rate across the world, which will facilitate market growth in the coming years.

Key Utility Poles Market Challenge

One of the key challenges to the global utility poles industry growth is the rise in the trend for underground cables and wiring networks. The government regulations, industry standards, and building codes imposed by international organizations affect the generation of electricity and its applications. For instance, following the implementation of the Public Utilities Regulatory Policy Act in the US in 1978, the generation of electricity started shifting from public utilities to industrial firms and non-utility generators. In addition, the EU had set an energy-saving target of 20% by 2020. To achieve this target, the EU imposed a few policies, such as the following:

• Energy-efficient renovations of at least 3% of government-owned or occupied buildings.
• Household appliances, boilers, lighting, and televisions must follow the minimum energy efficiency standards.
• The installation and use of smart meters. Such energy efficiency policies increase the burden on utility pole manufacturers, as they have to manufacture highly energy-efficient utility poles.

The above policies mandate the use of high-grade copper and steel, which raises the manufacturing costs and reduces vendors' profit margins, which may limit market growth during the forecast period.

This utility poles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global utility poles market as a part of the global heavy electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the utility poles market during the forecast period.

Who are the Major Utility Poles Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Arcosa Inc.
• Bell Lumber and Pole Co.
• Bridgewell Resources LLC
• EL Sewedy Electric Co.
• FUCHS Europoles GmbH
• Koppers Inc.
• Hill and Smith Holdings Plc
• NIPPON CONCRETE INDUSTRIES CO. LTD.
• Pelco Products Inc.
• RS Technologies Inc.
• Saleh and Abdulaziz Abahsain Co. Ltd.
• Skipper Ltd.
• STELLA JONES INC.
• Valmont Industries Inc.

 

This statistical study of the utility poles market encompasses successful business strategies deployed by the key vendors. The utility poles market is fragmented and the vendors are deploying growth strategies such as investments in the development of technologically advanced utility poles to compete in the market.

Product Insights and News

• EL Sewedy Electric Co. - The company offers utility poles in different arm types and colors, that are light in weight, easy to install, and maintenance-free.
• europoles.com - The company offers utility poles for mainline and urban mass transit services.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The utility poles market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Utility Poles Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the utility poles market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Utility Poles Market?

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46% of the market's growth will originate from APAC during the forecast period. China, Japan, India, and are the key markets for utility poles in APAC. However, market growth in this region will be slower than the growth of the market in North America.

The significant increase in the demand for high-voltage power cables, switchgear, and transformers will facilitate the utility poles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in early 2020 had a negative impact on the growth of the utility poles market in the region in 2020. The pandemic triggered an economic slowdown across the world, including in North America. However, with the lifting of lockdowns due to the large-scale COVID-19 vaccination drives conducted across the region, the demand for utility poles increased after H1 2021, which, in turn, will drive the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Utility Poles Market?

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The utility poles market share growth by the distribution pole segment will be significant during the forecast period. Distribution poles can be guyed, tangent, or self-supporting. The poles transmit secondary, low-voltage power (5-33 kV) directly to homes and businesses. The power carried by these lines has already been processed and converted to a level that is appropriate for ordinary and everyday usage. This increases the demand for distribution poles, which, in turn, will enhance the growth of the segment in the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the utility poles market size and actionable market insights on post COVID-19 impact on each segment.

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Utility Poles Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.66%
Market growth 2022-2026	$ 9.53 billion
Market structure	Fragmented
YoY growth (%)	2.91
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 46%
Key consumer countries	US, China, Japan, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arcosa Inc., Bell Lumber and Pole Co., Bridgewell Resources LLC, EL Sewedy Electric Co., FUCHS Europoles GmbH, Koppers Inc., Hill and Smith Holdings Plc, NIPPON CONCRETE INDUSTRIES CO. LTD., Pelco Products Inc., RS Technologies Inc., Saleh and Abdulaziz Abahsain Co. Ltd., Skipper Ltd., STELLA JONES INC., and Valmont Industries Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Utility Poles Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive utility pole market growth during the next five years
• Precise estimation of the utility poles market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the utility poles industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of utility poles market vendors

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