by Trenchers are mechanical devices used for digging trenches, foundation laying, cable or pipe laying and burial work. They come in a variety of configurations including walk-behind trenchers, wheel or track mounted hydraulic trenchers, chain trenchers and plow systems. Hydraulic trenchers are commonly used trenchers which use hydraulic motors and digging chains to open trenches. They offer advantages like ability to work in hard soils and rocks, digging control and depth accuracy. With rapid urbanization and population growth, investment in infrastructural development of roads, drainage systems, utility networks and telecommunication infrastructure has increased globally. This has fueled demand for trenching equipment to efficiently lay pipes, cables and foundations for construction projects.
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 key trends:
One of the key trends in the trencher market is growing adoption of robotics and autonomous trenchers. Robotics and autonomous machines are getting widely adopted across various industries to improve productivity and safety. In trenching as well, autonomous trenchers which can work on pre-programmed routes without human intervention are gaining traction. Companies are developing autonomous trenchers integrated with technologies like GPS, gyroscopes and odometry systems for precision digging. For instance, Vermeer corporation offers autonomous RTX trencher which uses GPS guidance for accuracy. This enhances efficiency of trench digging projects and lowers labor costs. Adoption of robotics is expected to continue rising in trenchers over coming years to make trenching applications safer, simpler and more productive.
Porter’s Analysis
Threat of new entrants: The trencher market requires significant capital investment for R&D, manufacturing facilities, and distribution channels. Thus, the threat of new entrants is moderate.
Bargaining power of buyers: The presence of numerous established manufacturers increases competition and provides buyers with ample options. This gives buyers a higher bargaining power.
Bargaining power of suppliers: Due to the availability of substitute components and raw materials from different suppliers, the bargaining power of suppliers is moderate.
Threat of new substitutes: Considering trencher machinery has limited substitutes, the threat from new substitutes is low.
Competitive rivalry: Being a highly fragmented market, competitive rivalry is intense as manufacturers compete on product features, pricing, and quality.
Key Takeaways
The Global Trencher Market Growth is expected to witness high over the forecast period.
Regional analysis: North America is the largest market for trenchers, followed by Europe and Asia Pacific. The US accounts for bulk of the market share in North America due to rising infrastructure development projects in the country.
Key players: Key players operating in the trencher market are Ditch Witch, Vermeer, Tesmec, Barreto, Cleveland, Inter-Drain, EZ-Trench, Port Industries, and Simex. Ditch Witch and Vermeer collectively account for over 50% share of the global trencher market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
