by Trenchers are digging machines used for digging trenches, pipes, and cable laying works. They are employed in applications such as gardening, excavation, laying of pipes, underground cables, preparing foundations for buildings, and landscaping. Horizontal directional drilling, pipe bursting, and pipe ramming are some key trenchless technologies that are driving the growth of the trencher market.
Trenchers are available in different types for various applications. Walk-behind trenchers are lightweight machines used in residential projects and landscaping activities. Ride-on trenchers are self-propelled vehicles suitable for medium to large-scale commercial construction projects. Pipe laying trenchers are attachments used with excavators to lay underground pipes rapidly.
The global trencher market is estimated to be valued at US$ 2.5 Billion in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rise in infrastructure development projects and growth in trenchless technology adoption are expected to drive the trencher market over the forecast period. The rapid urbanization and industrialization have fueled infrastructure development activities such as construction of roads, highways, utility lines, and railway networks across the globe. As trenchers are widely used machines for digging trenches in infrastructure projects, their demand is augmented with the rise in construction activities. Furthermore, trenchless technology reduces construction time, prevents damage to existing infrastructure, and minimizes disruption to traffic during installation works. Their advantages over conventional excavation methods are prompting contractors to adopt trenchless technologies thereby propelling the need for trenchers.
Segment Analysis
The global trencher market is dominated by the below 50 horsepower segment. Trenchers with below 50 horsepower capacity are used for light-duty residential and commercial applications like laying cables, drainage installation, irrigation etc. The below 50 horsepower segment accounts for over 60% of the global trencher sales as they can precisely dig trenches in narrow spaces and are operator friendly.
PEST Analysis
Political: Changes in infrastructure development budgets and policies impact the trencher market. Most governments focus on expanding digital connectivity and upgrading drainage which boosts demand.
Economic: A strong economy with high construction and infrastructural activities augurs well for the trencher market. The trencher market is highly dependent on investments in utility, telecom and energy sectors.
Social: Rapid urbanization increases the burden on existing infrastructure and necessitates upgrades. This fuels opportunities for trench digging equipment. Also, growing awareness about worker safety prompts use of mechanized trenchers.
Technological: Advancements in hydraulics, electronics and remote monitoring enhance trencher performance, precision and safety. Features like autonomous operation and GPSassistance are gaining popularity.
Key Takeaways
The Global Trencher Market Demand is expected to witness high growth over the forecast period of 2023-2030.
The Asia-Pacific region is expected to dominate the global trencher market during the forecast period. Rapid economic development and infrastructure expansion in China, India along with initiatives like Make in India are boosting trencher demand.
Key players operating in the trencher market are Ditch Witch, Vermeer, Tesmec, Barth Hollanddrain, Mastenbroek, Inter-Drain, Guntert & Zimmerman, Port Industries, and EZ-Trench. Ditch Witch leads the global market with over 20% share owing to its wide range and strong after-sales network globally. Vermeer has a strong presence in North America and is expanding into emerging markets through strategic acquisitions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
