trenching equipment market research report

Trenching Equipment Market - Global Outlook and Forecast 2020-2025

PUBLISHED DATE : Apr 2020 | Pages : 282

Up to $1000 off Untill Oct 2020

GLOBAL TRENCHING EQUIPMENT MARKET SIZE TO CROSS USD 1.1 BILLION BY 2025, GROWING AT A CAGR OF 2% DURING THE FORECAST PERIOD

Trenching Equipment Market Size, Share, Trends, Analysis Report by Products (Wheel, Chain, Micro Trencher, and Others), Operating Type (Ride-on and Walk-behind), End-users (Agriculture, Oil & Gas, Telecommunications, Mining, and Government & Others), and Geography (APAC, Europe, Middle East & Africa, North America, and Latin America), Industry Analysis Report, Regional Outlook, Growth Trends, Competitive Landscape, Share & Forecast, 2020–2025

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Most Exhaustive Report

282 Pages

122 Tables

113 Charts

5 Regions

17 Countries

22 Companies

4 Market Segment

GLOBAL TRENCHING EQUIPMENT MARKET REPORT SCOPE

Report Attribute Details
Market Size (Revenue) USD 1.1 BILLION (2025)
Market Size (UNIT SHIPMENT) 42 THOUSAND UNITS (2025)
CAGR 2% (2020-2025)
Base Year 2019
Forecast Year 2020-2025
Market Segments Products (Wheel, Chain, Micro Trencher, and Others), Operating Type (Ride-on and Walk-behind), End-users (Agriculture, Oil & Gas, Telecommunications, Mining, and Government & Others)
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Countries Covered US, Canada, UK, Germany, France, Spain, Italy, Nordic Countries, China, Japan, Australia, India, Brazil, Mexico, Argentina, South Africa, and Saudi Arabia

INDUSTRY INSIGHTS

The trenching equipment market size to cross USD 1.1 billion by 2025, growing at a CAGR of 2% during the forecast period. Agriculture, oil & gas, transportation, mining, and government agencies are witnessing a significant demand for trenching equipment. The growth in the trenching equipment market is primarily driven by a spontaneous rise in the infrastructural expenditure as well as improving economic activities, coupled with the healthy capital spending environment. Increasing construction activities, including housing and residential projects and the rise in consumer purchasing power, are a few factors that are expected to drive the demand for construction equipment products during the next few years. The demand is also expected to increase with changing economic trends across regions. The global construction industry, buoyed by China and other emerging nations, is expected to witness surging demand with a growth rate of approximately 3.6% during the forecast period.

The trends for raw mined materials are increasingly gaining prominence in the mining industry. Coal, metals, and minerals are a few factors on which the entire global economy relies on. Major players in the trenching equipment market are engaged in producing well-designed and engineered, high-powered trenchers for surface miners and linear excavation along with the bulk excavation work. Vendors also emphasize to offer a continuously improved range of solutions and services in their product portfolios. Trenchers operating in the mining segment comprise advanced components, which offer high productivity and efficiency. Hence, increasing technological innovations is expected to favorably impact the global trenching equipment market shares during the forecast period.

SNIPPETS

  • The increasing demand for heavy-duty construction equipment in mining and oil and gas sectors is likely to increase the revenue of ride-on more than walk-behind trenchers. 
  • The rapid expansion of the construction industry and increasing government expenditure and constant technological innovations are expected to boost the demand for trenching equipment in APAC during the forecast period.
  • North America is expected to continue its dominance during the forecast period due to the increasing number of construction activities, along with the increasing usage of the trenching machine in surface mining and telecommunications sector

TRENCHING EQUIPMENT MARKET SEGMENTATION

This research report includes detailed segmentation by

  • Products
  • Operating type
  • End-users
  • Geography

INSIGHTS BY PRODUCTS

Chain trenchers are witnessing growing preference in performing large pipeline and construction excavation processes. They have widespread usage in digging wider trenches. One of the factors expected to increase preference for chain trenchers among users is these machines help to develop well-graded spoil, which can further be processed for reusage. Further, these earthmoving equipment can tackle mixed terrain ground conditions with ease, owing to their contoured earth teeth/ tungsten teeth combination, thereby producing flat-bottomed and smooth-sided trenches.

Wheel trenchers are witnessing surge as they help to perform trenching tasks quickly. These machines are witnessing high applications as they are economical solutions for cutting concretes, rocks, and pavements. Agriculture and telecommunication sectors are the major end-user segments of trenching equipment market.

Micro trenchers are used for excavating narrow trenches, particularly in urban regions. These machines also help to maintain the structure of the road. Micro trenchers are currently radio-controlled, which allows them to be used for road maintenance. They are used for the installation of FTTx connections and can cut through hard ground.  The other segment comprising hand-held, portable, and mini-trenchers, is projected to witness steady growth due to the increase in demand for lightweight and efficient machines. These machines are lightweight and easy to handle. Portable trenchers are majorly used for the installation of irrigation lines as well as landscape edges.

INSIGHTS BY OPERATING TYPE

Trenchers are profoundly used for several small and large-sized projects, as their compactness has proven extremely useful in restrictive and narrow environments. In terms of shipment, the ride-on segment is expected to reach 18,686 units by 2025. Ride-on trenching equipment are considered a viable option for tackling heavy-duty tasks, including digging trenches for commercial irrigation systems. Moreover, these machines are gaining prominence among operators/contractors due to their ability to accomplish several challenging tasks. Ride-on trenchers are finding increasing demand from homeowners and landscape contractors as they are self-propelled. 

The increasing diversification, coupled with high demand for reliability in the equipment inventory, is expected to contribute to the long-term value of walk-behind trenchers during the forecast period. Changing lifestyles and increasing awareness among individuals about the benefits offered by mini portable trenchers are likely to open avenues for the trenching equipment market in the residential sector. Moreover, walk-behind trenchers prove to be a viable option for digging medium and narrow-sized ditches.

INSIGHTS BY END-USERS

The usage of trenching equipment in the agriculture segment enables contractors to reduce operational costs, thereby offering high-quality products at competitive prices. The deployment of agricultural and drainage trenchers proves to be an ideal option for the installation of irrigation and drainage systems. The oil & gas sector is one of the largest adopters of trenching equipment. The demand for trenchers in the oil & gas sector is primarily driven by the growth in investments in extraction services. Trench digger equipment designed for oil & gas applications is powerful, large, and is capable of trench in the toughest ground conditions. The installation of underground cables is largely carried out by trenching equipment.

INSIGHTS BY GEOGRAPHY

One of the major drivers for the sale of trenching equipment and machinery in North America is the investment in the oil and gas pipeline segment. Other factors impacting the trenchers demand in the region include investments in the underground fiber and utility segment, along with the rise in the number of infrastructure projects. Increasing infrastructural development is expected to bolster the construction equipment demand in Europe.

Urbanization in APAC is expected to boost the demand for infrastructure development in the commercial and residential sectors, which is increasing the demand for construction equipment. The construction equipment market in the APAC region is expected to witness a surge in growth owing to the rise in infrastructure and construction activities in various emerging countries such as Indonesia, India, and China. Increasing private and government investments in several upcoming capital projects, as part of urbanization as well as a national development strategy is also expected to favorably impact the overall construction equipment market growth in the region.

The construction industry in Latin America is expected to grow steadily, along with growth in extraction services, which is one of the most significant bases for the increasing construction and mining equipment demand. The construction machinery demand in Latin America is expected to witness a significant rise in growth during the forecast period. Trenching equipment manufacturers in the Middle East and Africa are focusing on the implementation of technological innovations in their product line-ups, which include wheel, chain, and portable trenchers, thereby offering low-cost ownership, reduced downtime, increased durability, and efficiency.

INSIGHTS BY VENDORS

The global trenching equipment market is highly concentrated due to the presence of several local and global players. The competition is intense. The rapidly changing technological scenario could adversely affect vendors as customers expect continual innovations and upgrades in the trenching equipment domain. Manufacturers are emphasizing on identifying market opportunities, thereby setting up certain goals to achieve productivity and efficient usage of capital resources.  One of the key strategies implemented by market players is the introduction of differentiated products and solutions for application segments. Hence, companies are striving to offer differentiated channels for distribution and better product mix. Key manufacturers are offering and expanding their product line-up with the launch of innovative products.

The trenching equipment market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Product  

  • Wheel
  • Chain
  • Micro
  • Others

By Operating Type

  • Ride-on
  • Walk-behind

By End-users    

  • Agriculture
  • Oil & Gas
  • Telecommunications
  • Mining
  • Government & Others

By Geography

  • Europe
    • UK
    • France
    • Spain
    • Italy
    • Germany
    • Nordic Countries
  • APAC
    • China
    • Japan
    • India
    • Australia
  • North America
    • US
    • Canada
    •  
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions

The global trenching equipment market size to cross over USD 1.1 billion by 2025, growing at a CAGR of approximately 2% during the forecast period.
The growth in the trenching equipment market is primarily driven by a spontaneous rise in the infrastructural expenditure as well as improving economic activities, coupled with the healthy capital spending environment.
Urbanization in APAC is expected to boost the demand for infrastructure development in the commercial and residential sectors, which is increasing the demand for construction equipment.
TESMEC Group, The Toro Company, and Vermeer Corporation are leading vendors in the market.
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