In 2023, the sheet metal culverts, flumes, irrigation pipes, etc. market in the US stood at $1.3279 billion. This sector has shown steady growth from 2013’s $1.1997 billion, marking slight but consistent year-on-year increases. Over the last two years, the market demonstrated a moderate growth pattern, with year-on-year variations of approximately 0.96% in 2022 and 0.93% in 2023. The CAGR over the previous five years has been 0.99%, indicating a stable industry with incremental growth.
Looking forward, the market is projected to continue its upward trend, with a CAGR of 0.67% from 2024 to 2028, translating to a forecasted value of $1.3855 billion by 2028. Key future trends to watch for include advancements in sustainable materials, innovations in irrigation efficiency, and potential impacts of climate change on water management infrastructure.
