FRP Pole Market Analysis | 2024-2030

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in FRP Pole Market 

• The annual demand for FRP poles was USD 182 million in 2024 and is expected to reach USD 194 million in 2025, up 6.7% than the value in 2024.

• During the forecast period (2025-2030), the FRP pole market is expected to grow at a CAGR of 4.1%. The annual demand will reach USD 238 million in 2030.

• During 2025-2030, the FRP pole industry is expected to generate a cumulative sales opportunity of USD 1303 million.

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High-Growth Market Segments: 

• North America is expected to remain the largest market over the next five years.

• By application type, Distribution is expected to remain the biggest application type in the market over the next five years.

• By process type, Filament winding holds a giant share in the market by process type.

• By length type, 20-40 ft poles accounted for the largest share of the length type.

• By resin type, Polyurethane is likely to maintain its dominance during the forecast period, and polyester is expected to grow at the highest rate.

Market Statistics

Have a look at the sales opportunities presented by the FRP pole market in terms of growth and market forecast.

Market Dynamics

Introduction:

In the poles market, composites (FRP) have earned a largely unheralded but significant place because of their lightweight, strength, and low conductive properties. The poles made of FRP are highly resistant to corrosion, rot, UV rays, water absorption, insects, and woodpeckers. These poles do not lose strength as well as require less maintenance as compared to wood and concrete poles. They are highly recommended by experts in the wake of their electrical property and their ability to withstand heavy wind loads and impact.

Market Drivers:

• Key driving factors are the increasing acceptance of FRP poles over their arch-rivals, the growing need for replacement of aged pole infrastructure, the excellent life-cycle cost of FRP poles, and their ability to withstand various weather and related impacts.

Segments Analysis

By Application Type

“Distribution is expected to remain the biggest demand generating-application of the market during the forecast period.”         

• Based on the application types such as transmission, distribution, telecommunication, lighting, and others.

• Distribution is expected to remain the biggest demand-generating application of the market during the forecast period. There has been a dominance of different applications in different regions, demanding companies to have a greater knowledge about the market before investing in any region.

By Process Type

“Filament winding holds a giant share in the market with most of the manufacturers engaged in manufacturing FRP poles through this process.”

• Based on the process type the market is segmented into Pultrusion, Filament Winding, and Centrifugal Casting.

• Filament winding is estimated to maintain its dominance in the market during the forecast period. Most of the manufacturers prefer to go with the filament winding process for FRP pole fabrication in the wake of its suitability for pole manufacturing and more feasibility over alternatives.

• On the other hand, pultruded poles also have a sizeable market share, and their growth can be attributed to their flexibility in manufacturing different shapes through the pultrusion process.

By Resin Type

“Polyurethane is likely to maintain its dominance during the forecast period, whereas polyester is expected to grow at the highest rate.”

• Based on the resin type market is segmented into polyurethane, polyester, and others.

• Polyurethane is likely to maintain its dominance during the forecast period, whereas polyester is expected to grow at the highest rate during the same period.

• Polyester resin is gaining traction on account of its benefits such as ease of use and cost-effectiveness. Other key resins in the market include epoxy and vinyl esters.

Regional Analysis

“North America is expected to remain the largest market for FRP pole during the forecast period."

• In terms of regions, North America is expected to remain the largest market for FRP Poles during the forecast period. The USA acts as the growth engine of the market with the highest penetration of FRP poles in the overall pole market.

• Among countries, Canada, Scandinavia, China, and Australia are some other key countries with lucrative market demand.

• Emerging economies, such as India and China, are currently having very low penetration of FRP poles; however, these poles offer good growth potential in the long run.

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Competitive Landscape

The market is highly fragmented with the presence of several small players. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc.

The following are the key players in the FRP pole market (based on dominance).

• RS Technologies Inc

• Shakespeare (Valmont Industries)

• Ameron (NOV)

• Creative Composites Group

• Elsewedy Electric

• Intelli Pole (Highland Industries)

• Nangtong Wellgrid Composite Material Co., Ltd.

• Shanghai Tunghsing Composites Co., Ltd.

• Europoles

• Strongwell

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.

• COVID-19 impact and its recovery curve.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

Market Segmentation 

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The FRP pole market is segmented into the following categories.

FRP Pole Market, by Application Type

• Transmission
• Distribution
• Telecommunication
• Lighting
• Others

FRP Pole Market, by Process Type

• Pultrusion
• Filament Winding
• Centrifugal Casting

FRP Pole Market, by Length Type

• Up to 20ft
• 20-40ft
• Above 40ft

FRP Pole Market, by Resin Type

• Polyurethane
• Polyester
• Others

FRP Pole Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s FRP pole market realities and future market possibilities for the forecast period. 

• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)

• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].