Trenchers, also known as ditchers, are utilized in the construction industry to dig trenches, break rocks, and penetrate the soil. Trenches are utilized to lay electric wires & pipes and to construct drainages.
Moreover, trenchers are also utilized in the agriculture industry to construct water carrying pipelines for irrigation purposes. Trenchers performs the same task as that of excavators, the only difference being that trenchers dig out earth continuously. They have a series of buckets mounted over a big circular wheel at the front end, which rotates continuously.
Market Scope and Structure Analysis
Significant expansion of the global construction industry, especially in rapidly developing countries, is primarily fuelling the demand for trenchers. Trenchers are capable of digging at a faster pace as compared to that of excavators and hence, trenchers are being widely preferred by construction companies. Rise in population, government emphasis on improvement of infrastructure, and increase in Foreign Direct Investments (FDI) have boosted the construction activities, which in turn fuels the demand for trenchers to cater to the demand. Moreover, expansion of the agriculture sector across North America, Africa, and Asia-Pacific, is likely to propel the growth of the global trenchers market. High efficiency, uniform trench width, and ability to handle surfaces with rocks and tightly cemented soils are major advantages of trenchers, which in turn is driving the growth of the global trenchers market.
Trenchers are capable of digging a trench of a lesser depth as compared to that dug by excavators. This is a key factor restraining the growth of the global trenchers market.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the trencher market attributed to the lockdown in countries worldwide. This has hampered the growth of trencher market from the last few months and is likely to continue during 2021.
- COVID-19 has already affected the sales of trencher market in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
- The major demand for trencher was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for trencher products.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Trencher market 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. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
- Trencher market are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
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. Various companies are concentrating on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities observed in the market were acquisitions, and partnership & collaborations. These activities have showed the way for expansion of business and customer base of market players. The market players from trenchers market are predicted to profitable growth openings in the future with the increase in demand for trenchers in the global market.
Market Trends
- A product development strategy is a strategy based on developing new products or modifying existing products so they appear new, and offering those products to current or new markets. For instance, in order to provide the customers with the highest quality equipment, the greatest return on investment and the least amount of downtime, Barreto Manufacturing, the world's leading All-Hydraulic Trencher and Tiller manufacturer launched the new 2324TK Track Trencher.
- Mergers and acquisitions have emerged as a common business strategy for companies focusing to expand into new markets or territories, have a competitive edge, or obtain new technologies and skill sets.
- Major investments in the oil and gas and pipeline construction is also boosting the demand for trenchers all across the globe.
Key Benefits of the Report
- This study presents the analytical depiction of the trencher market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the trencher market share.
- The current market is quantitatively analysed to highlight the trencher market industry growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed trencher market analysis based on competitive intensity and how the competition will take shape in coming years.
Trencher Market Report Highlights
| Aspects | Details |
 By Product |
|
 By Operating type |
|
 By Application |
|
 By Region |
|
 Key Market Players | UNAC SAS, Tesmec S.p.A., Toro, The Charles Machine Works, Inc., Guntert & Zimmerman, Wolfe Equipment, Vermeer Corporation, Mastenbroek Limited, Cleveland Trencher Company, Inc., EZ Trench |
Loading Table Of Content...
