Canada Utility Poles Market Size & Outlook, 2023-2030
Canada utility poles market, 2018-2030 (US$M)
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Canada utility poles market highlights
- The Canada utility poles market generated a revenue of USD 1,585.0 million in 2023 and is expected to reach USD 1,979.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, transmission & distribution pole was the largest revenue generating product in 2023.
- Light Pole is the most lucrative product segment registering the fastest growth during the forecast period.
Utility poles market data book summary
| Market revenue in 2023 | USD 1,585.0 million |
| Market revenue in 2030 | USD 1,979.0 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Transmission & distribution pole |
| Fastest growing segment | Light Pole |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transmission & Distribution Pole, Light Pole, High Mast Pole, Monopole |
| Key market players worldwide | Al-Babtain, American Timber and Steel Co., Bell Lumber & Pole, Energya Group, HAS Engineering, New Forests, Omega Company, Orbix, Stella Jones, Valmont Industries Inc, Kec, AISHA STEEL MILLS LTD, Nippon Steel Corp, Tata Steel Ltd GDR - 144A, Jyoti Structures, Sabre Industries, Foresite Group |
Other key industry trends
- In terms of revenue, Canada accounted for 2.7% of the global utility poles market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. utility poles market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,114.7 million by 2030.
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Utility Poles Market Scope
Utility Poles Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada utility poles market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to utility poles market will help companies and investors design strategic landscapes.
Transmission & distribution pole was the largest segment with a revenue share of 65.76% in 2023. Horizon Databook has segmented the Canada utility poles market based on transmission & distribution pole, light pole, high mast pole, monopole covering the revenue growth of each sub-segment from 2018 to 2030.
. A significant driver is Canada's commitment to enhancing its electricity infrastructure to support its growing economy and population. This involves both the replacement of outdated utility poles, which are crucial for maintaining the reliability and safety of the electrical grid and the expansion of the grid to accommodate new residential and commercial developments.
Moreover, Canada's vast and diverse geography presents unique challenges and opportunities for the utility poles market growth. Remote and rural areas require robust infrastructure to ensure reliable electricity access. The expansion of the grid into these areas not only supports community development but also drives the demand for utility poles.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada utility poles market , including forecasts for subscribers. This country databook contains high-level insights into Canada utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada utility poles market size, by product, 2018-2030 (US$M)
Canada Utility Poles Market Outlook Share, 2023 & 2030 (US$M)
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