Market revenue in 2023 | USD 356.4 million |
Market revenue in 2030 | USD 535.9 million |
Growth rate | 6% (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 |
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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 61.98% in 2023. Horizon Databook has segmented the Colombia 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.
Columbia's utility poles market is primarily driven by several key factors contributing to its growth trajectory. The government initiatives aimed at improving rural electrification efforts play a crucial role in driving the utility poles market.
Extending electricity access to remote and underserved areas requires the installation of utility poles and power lines, thereby fostering market growth. Additionally, technological advancements in utility pole materials and construction techniques contribute to the market growth.
Innovative materials, such as composite poles, offer advantages such as durability, resistance to environmental factors, and longer lifespans compared to traditional wooden poles, thereby driving their adoption in Colombia's utility poles market.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia utility poles market , including forecasts for subscribers. This country databook contains high-level insights into Colombia utility poles market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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