US Hydro Excavation Market by Application (Slot Trenching, Daylighting, Utility Pole Installation, Other Applications), By End-Use (Commercial, Industrial, Municipal), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031
- Published date: Nov. 2024
- Report ID: 73863
- Number of Pages: 259
- Format:
-
Report Overview
The US Excavation Truck Market is projected to be US$ 467.4 Mn in 2021 to reach US$ 712.8 Mn by 2031 at a CAGR of 4.4%. This growth is largely driven by the need for safer and more efficient excavation methods that minimize the risk of damage to underground utilities, which is a major concern given the vast network of conduits, pipelines, and wires in the U.S.
Hydro excavation trucks, known for their use of pressurized water and vacuum systems to excavate and remove soil, are increasingly preferred for tasks like slot trenching, daylighting, utility pole installations, and other similar applications. Their ability to handle both wet and dry materials makes them versatile and indispensable in various settings, especially in industries like construction and utilities, where precision and safety are paramount.
Key drivers include the ongoing need to maintain and upgrade the vast network of underground utilities in the United States, which spans over 14 million miles. Legal restrictions on mechanical excavation methods near these utilities promote the use of hydro excavation for safety and compliance. Additionally, the growing construction sector offers considerable opportunities for the expansion of this market.
trending_up Total Revenue in 2018$ 467.4 Mn
trending_up Market CAGR of the Next Ten Years4.4%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 712.8 Mn
Technological enhancements in hydro excavation trucks are focused on increasing efficiency and reducing the environmental impact of excavation activities. Innovations include improved debris tank designs and advanced water recycling systems, which help in minimizing water usage and reducing operational costs.
Despite the opportunities, high costs associated with the procurement and operation of hydro excavation trucks, coupled with fluctuating prices for raw materials, pose challenges to market growth. Companies are navigating these challenges by focusing on technological advancements and efficient service offerings to improve their competitive edge.
The United States has a vast underground infrastructure of conduits, pipelines, cables, and wires. These underground infrastructures are critical, as they constantly provide telecommunications, electricity, oil & natural gas, sewage, water, cable TV, as well as other products and services. As such, disruptions of these underground facilities could possibly hamper the safety of the public and the environment as well.
Moreover, the United States presently has more than 14 million miles of buried pipes and utilities. Current laws in the United States prohibit the use of mechanical means to dig within 18 inches of buried cables and pipes in the U.S., and this threshold in Canada is 45 cm. Parameters such as these are likely to augment market growth opportunities in the years to come.
Whereas, high costs associated with hydro excavation trucks, as well as fluctuating prices of raw materials are slated to potentially restrain market growth opportunities for this industry to a certain extent.
The US Hydro Excavation Truck Market Segmentation Based on Application, and End-Use
The maintenance & safety of the oil & gas pipeline industry is extremely important. To maintain oil & gas pipelines, hydro excavator trucks are often heavily utilized. In addition, these trucks are also utilized to lay new pipes and lines, for maintenance and repair excavations, and in new construction projects and other related installations. These hydro-excavator trucks use high-pressure water and vacuum technology, which in turn aids in trenching and digging with superior accuracy. This in turn is expected to augment projected revenues for the hydro excavation market in the United States.
The US Hydro Excavation Truck Market Attractiveness Analysis by End-Use, 2015–2031
Segmentation of the US hydro excavation truck market is achieved under the following – application, end-use & region. On the basis of application, the market is further categorized into slot trenching, daylighting, utility pole installation, and other applications. Among all the application segments, the slot trenching segment is expected to register the highest CAGR of over 4.7%, followed by daylighting.
In terms of end-use, the market is segmented into commercial, industrial, and municipal. Amongst end-use segments, the industrial segment in the US hydro excavation truck market is estimated to account for a majority revenue share of 38.4% in 2021 end, followed by commercial segment.
The key industry players of the US hydro excavation truck market are – Companies profiled in the report are
- Federal Signal Corporation
- Holden Industries Inc
- Guzzler Inc.
- KAISER AG
- GapVax Inc.
- Tornado Global Hydrovacs Ltd.
- Hi-Vac Corporation
- Transway Systems Inc.
- Fast-Vac
- other key players
The US Hydro Excavation Truck Market Segmentation Based on Application, and End-Use
Based on Application:
- Slot Trenching
- Daylighting
- Utility Pole Installation
- Other Applications
Based on End-Use:
- Commercial
- Industrial
- Municipal
For the US Hydro Excavation Truck Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
US Hydro Excavation Truck MarketPublished date: Nov. 2024add_shopping_cartBuy Now get_appDownload Sample -
-
- Federal Signal Corporation
- Holden Industries Inc
- Guzzler Inc.
- KAISER AG
- GapVax Inc.
- Tornado Global Hydrovacs Ltd.
- Hi-Vac Corporation
- Transway Systems Inc.
- Fast-Vac
- other key players
- settingsSettings
Our Clients
Single User
$6,000
$3,999
USD / per unit
save 24%
|
Multi User
$8,000
$5,999
USD / per unit
save 28%
|
Corporate User
$10,000
$6,999
USD / per unit
save 32%
|
|
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |
Buy Now ($ 3,999) | Buy Now ($ 5,999) | Buy Now ($ 6,999) |