About Hydro Excavation
Growing complexities in mechanical digging methods, as well as other semi-automatic or manual drilling and digging equipment, will lead to increase the awareness and adoption of hydro excavators across the globe. These are the non-destructive, eco-friendly, non-mechanical, and cost-effective process. This system uses pressurized water and the strength of the vacuum to evacuate and excavate the material simultaneously. Thus, increasing demand, as well as growing adoption of these excavation techniques in the number of applications, may generate significant demand over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States and Indian Manufacturers will contribute the maximum growth to Global Hydro Excavation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vector Technologies (United States), Badger Daylighting (Canada), Vermeer (United States), McLaughlin (United States), Cappellotto S.p.A (Italy), Vac-Tron (United States), Vacmasters (United States), Vac-Con (United States), VAC Group (Australia), Super Products LLC (United States) and Jetting Systems Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sewer Equipment Company (RamVac) (United States), Hi-Vac Corporation (United States), Vactor Manufacturing (United States), Ring-O-Matic (United States) and Underground Services (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hydro Excavation market by Type (Crawler Excavation, Backhoe Excavation, Suction Excavation and Dragline Excavation), Application (Potholing/Daylighting, Slot Trenching, Debris Removal, Exposing Utilities, Water Excavation, Piling Hole Excavation, Cold Weather Digging, Remote Digging and Others) and Region.
On the basis of geography, the market of Hydro Excavation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. Mini Excavator will boost the Hydro Excavation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industries, the sub-segment i.e. Heavy Construction will boost the Hydro Excavation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of Vacuum Excavators in Potholing/Daylighting and Increasing Demand for Vacuum Based Hydro Excavators for Improved Efficiency and Performance
Market Growth Drivers:
Hydro Excavators are Comparatively Efficient and Less Time Consuming than the Air Excavators and Comparatively Light Weight Products than Air Excavators with Larger Speed Range
Challenges:
Higher Maintenance Cost Associated with the Product and Maximum Initial Investments, as well as Higher Pricing, Might Hamper the Demand
Restraints:
Complex Pressurized Water Adjustments and High Precision Manufacturing with Negligible Expected Tolerance
Opportunities:
Growing Demand from Mining Industry and Robust Developments and Innovations in Excavation Technologies
Market Leaders and their expansionary development strategies
March 2023: Hy-Excavation Solutions, a provider of hydro excavation and potholing services, announced a strategic partnership with Vactor Manufacturing, a leading manufacturer of hydro excavation equipment. This partnership aimed to expand Hy-Excavation's service offerings and provide customers with access to Vactor's innovative hydrovac technologies.
September 2023: Vac-Con announced the release of its next-generation X-Cavator hydro excavation truck, featuring an improved operator experience, enhanced safety features, and a more fuel-efficient design.
On January 17th, 2018, Government of Canada has introduced new regulations regarding the Excavation and Excavation equipment. Under the same, Canadian Government has stated that Hydro-vac units will be defined as commercial motor vehicles, they need to be operated under a CVOR (Commercial vehicle operator's registration). As commercial motor vehicles pay attention to the driver licensing requirements for the type and weight class of the vehicle. Annual and daily safety inspections are now required. Existing equipment may need to be reclassified under your existing insurance policy to ensure coverage. Operators are restricted to working within the Hour-of-Service requirements and may be required to maintain a log book.
Key Target Audience
Hydro Excavation Service Providers, Hydro Excavator Manufacturers, Vacuum Excavator Distributor and Traders, Oil and Gas Industry, Petroleum Industry, Construction and Infrastructure Industry Associations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.