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

Steady market growth of the construction industry is anticipated to bolster projected revenues for this target market

Market.US announces publication of its most recently generated research report titled, “The US Hydro Excavation Market by Application (Slot Trenching, Daylighting, Utility Pole Installation, Other Applications) By End-Use (Commercial, Industrial, Municipal)– Forecast to 2031”, which offers a holistic view of The US Excavation Truck Market through systematic segmentation that covers every aspect of the target market.

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%.

Hydro-Excavation, or hydrovac, is a process of non-destructive digging that uses pressurized water to excavate materials while minimizing the level of risk/damage to any underground facilities/services. This is typically used to remove or move soil with pressurized water. Hydro excavation also uses an air vacuum system in order to transfer the debris or soil to a debris tank, thereby completing the hydro excavation process. This, in turn, allows for a more accurate as well as a non-destructive way to excavate soil and to locate underground utilities.

Hydro excavation is fast and efficient and is a preferred option for utility pole installation, trenching, interior excavation, landscaping, etc. Hydro excavation is an ideal method to handle vast amounts of soil and it eliminates the need to dig by hand. This process is suitable for deep and numerous test holes that must be dug/excavated in a limited duration of time. Moreover, hydro excavation equipment is able to remove both dry and wet forms of debris, including sand and rocks.

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: