A trench is a form of depression or excavation on the earth's or underwater terrain's surface. Trenchers are frequently used as construction equipment to dig trenches, particularly for placing electrical wires and pipes on land surface or subsea levels. Marine trenchers are used in the marine sector to dig trenches beneath the sea for the installation of underwater pipes or cables. They are used in the marine industry and can be controlled from the surface using an operating system. The various type of marine trenchers prevailing in market are pipeline ploughs, cable ploughs, and rock trenchers. Cable ploughs are used to lay undersea power lines or optical fiber cables. Rock trenchers are used to break rocks and cut a trench in the submerged rocks.
Market Scope and Structure Analysis
Description
Marine trenchers are utilized in the marine industry due to their ability to be operated from the surface via innovative operating systems. These trenchers are utilized for a variety of sea and undersea building activities. The mechanical trenchers are available in wide range of power ratings and are used for a variety of operations, including the rapid deployment of pipelines, cords, and cables, as well as working efficiently close to the vessel or foundation.
COVID-19 Impact analysis
- The COVID-19 pandemic halted the production of various products in the discount-marine trenchers industry, which is attributed to the global lockdown. This hampered the growth of discount-marine trenchers market in the last few months and is likely to continue through 2022.
- COVID-19 affected the sales of discount-marine trenchers in the first quarter of 2021 and is anticipated to have a negative impact on the market growth throughout the year.
- The major demand for discount-marine trenchers was previously noticed from giant manufacturing countries, such as North America, Europe, Asia-Pacific, and South America, which are negatively affected by the spread of the coronavirus, thereby declining the demand for yarders.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Discount-marine trencher manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
- Discount-marine trencher manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distance, and ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.
Top Impacting Factors
Increase in need for installing undersea wires and pipes is expected to provide significant potential prospects for the global discount-marine trenchers market. Furthermore, rise in need for telecommunications lines and surge in demand for offshore oil and gas exploration rigs, are projected to benefit the global discount-marine trenchers market growth during the coming years.
- Key players are manufacturing and distributing marine trenchers for execution of various subsea activities and strengthening their market position. For instance, in November 2021, DeepOceam agreed to deliver discount-marine trenchers for engineering, project management, and vessel support to perform wide range of subsea activities. It will offer light construction vessels and ROVs from DeepOcean’s versatile fleet in the Gulf of Mexico to carry out the offshore work.
- In May 2021, Modus Subsea Ltd. issued a contract to provide survey services combined with the installation of a new cable corridor in Ofotfjorden, Norway. The campaign will make use of the modus hybrid AUV (HAUV) trencher system, which is the latest version of integrated ROV and AUV technology.
- Similarly, in November 2020, Forum Energy Technologies supplied a Perry XT5000 subsea trencher for a major cable maintenance project in Southeast Asia. The XT500 trenching machine can work at a 3,000m depth and is equipped with a powerful 500 HP power and Forum's proven integrated control engine. As a result, all such factors are expected to provide lucrative growth for discount-marine trenchers market during the forecast period.
Key Benefits of the Report
- This study presents the analytical depiction of the discount-marine trenchers industry along with the current trends and future estimations to determine the future investment pockets.
- The report presents detailed information related to key drivers, restraints, opportunities and discount-marine trenchers market share.
- A quantitative analysis highlights the discount-marine trenchers growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed discount-marine trenchers analysis based on competitive intensity and how the competition will take shape in coming years.
Discount-marine Trenchers Market Report Highlights
| Aspects | Details |
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 Key Market Players | Bandit, Boxer, Toro, Ditch Witch, Astec, Caterpillar, New Holland, Vermeer, Kubota, Bobcat |
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