Suction Excavator Market Expected to Reach $1.5 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Suction Excavator Market," The suction excavator market size was valued at $924.69 million in 2020, and is estimated to reach $1.5 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.

Suction excavation is the process of combining a vacuum with high-pressure water or air to excavate material, such as mud, and slurry.  Suction excavators are extensively used for excavating around underground utilities without damaging the pipework, power lines, or cabling. Compared to conventional digging techniques, suction excavation is a highly precise, advanced, safe, and controlled process. Suction excavators can quickly excavate material and retain it within the system’s storage unit, making it a clean and cost-effective digging method.

Suction excavators are primarily classified into air suction excavators and hydro suction excavators. Between these two types of suction excavators, the hydro suction excavator accounted for a larger market share in 2020 owing to its wide usability and higher operating speed. Suction excavators are extensively used on construction sites and in utility maintenance projects. Utility maintenance primarily includes maintenance of electric cables, gas lines, water mains, sewer lines and other underground utility networks. In 2020, the utility maintenance segment held the largest market share owing to factors such as complex site conditions and the necessity to protect underground infrastructure. On the basis of drive type, the market is segmented into wheel mounted and track suction excavators. Among these segments, the wheel mounted segment held the largest suction excavator market share in 2020, in terms of revenue, and track suction excavators are anticipated to register high CAGR during the forecast period.

The suction excavator market growth is driven by factors such as Advantages of suction excavators , rise in number of infrastructure projects and, use of suction excavators by utility providers. Many countries have aging infrastructure that requires regular maintenance and repair. Thus, governments across the global have increased their budget for underground utility maintenance. For instance, the US government spends over $60 billion each year for repairing of damaged underground utility lines.

Furthermore, suction excavators offer various advantages over conventional excavators such as minimizing the risk of damaging underground utilities, pipes, cables, or other underground structures. In addition, suction excavators can also be used for locating the precise location and depth of underground utilities. Also, suction excavators generate less soil disruption and fewer emissions compared to conventional excavators. Thus, the technical advantages of suction excavators fuels the growth of the market.

However, various businesses in the suction excavator market are expected to witness a slow growth rate in the coming year, owing to the economic slowdown in major countries driven by the Ukraine-Russia war. The inflation has already led to rise in construction and maintenance costs.

Moreover, the advancements in technology have significantly increased the usability, efficiency, and safety of suction excavators. Newer models of suction excavators can also be equipped with technologies such as remote control and advanced breaker boom excavator. For instance, RSP GmbH, which is a major provider of suction excavators in the UK offers a wide range of suction excavators equipped with breaker booms. Such advanced technologies significantly enhance the usability of suction excavators, thereby providing lucrative opportunities for the market.

Providers of utilities such as electricity, gas, water, and drainage systems extensively use suction excavators to locate and verify the precise location of underground utility lines for various maintenance and repair activities. Furthermore, utility providers often use suction excavators for installing new power cables and lines. In addition, suction excavators are often used in combination  with trenchless technology, for various underground construction and maintenance activities. Thus, the extensive use of suction excavators in underground applications increases the demand for suction excavators in the utility sector.

Key Benefits for Stakeholders

• The report provides an extensive analysis of the current and emerging suction excavator market trends, extensive suction excavator market overview and historic data.
• In-depth suction excavator market analysis is conducted by constructing market estimations for key market segments between 2020 and 2032.
• Extensive analysis of the suction excavator market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The suction excavator market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
• The key players within the suction excavator market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the suction excavator industry.