Trenchers are mechanical devices used for digging trenches, especially for installing underground cables, pipes or electrical wires. They perform heavy-duty excavation tasks quickly and efficiently compared to traditional methods of digging using shovels. The growing investments in upgrading utility infrastructure as well as rapidly developing transportation network are driving demand for trenchers.
Market key trends:
The expanding infrastructure development is one of the major trends positively impacting the growth of the trencher market. Many developed as well as developing countries are focusing on upgrading their aging infrastructure. They are investing heavily in expanding electricity networks, water supply lines, telecom networks and transportation infrastructure. For instance, the U.S. government has approved over $1 trillion infrastructure spending plan that includes projects like highway, bridge and road construction. Similarly, China's 14th five year plan has provisioned $1.4 trillion for infrastructure development. The increasing infrastructure spending will escalate demand for trenching equipment like trenchers to efficiently complete various excavation works quickly. This rising infrastructure investment is expected to accelerate the expansion of global trencher market during the forecast period.
Segment Analysis
The global trencher market is dominated by the mini trencher sub-segment owing to its widespread adoption for domestic landscaping purposes. Mini trenchers are lightweight machinery ideally suitable for residential trench digging applications involving laying of pipes, cables, and conduits in small to medium work sites. The small size and maneuverability of mini trenchers allows them to be easily transported and operated in confined areas.
Key Takeaways
The Global Trencher Market Growth is expected to witness high over the forecast period of 2022-2030.
Regional analysis: The North American trencher market holds the major share currently and is expected to witness significant growth over the forecast period. This can be attributed to extensive infrastructure development activities in the region involving utility lines installation, maintenance of power grids, telecom networks etc.
Key players: Key players operating in the trencher market are Ditch Witch, Vermeer, Tesmec, Barreto, Cleveland, Inter-Drain, Wolfe Heavy Equipment, Port Industries, and Guntert & Zimmerman.
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