Techno World Trencher-Market | Page 2

makes these tasks simple, easy, and faster. Trenchers have evolved to meet versatile requirements with novel features and types. Growing environmental concerns such as ground level alteration due to digging and other activities is expected to major factor driving growth of the trenchers market. Furthermore, trenchers with rubber tracks offer perfect traction in soft, rocky or muddy condition with minimal topographic alteration. Trenchers also minimize turf damage and improve the stability of self- leveling tracks that distribute weight evenly. Decline in Growth of the Mining Industry is Hindering Growth of the Global Trenchers Market One of the major factors that restrains growth of the global trencher market is the downfall of the mining industries as trenchers are employed mostly in mining industries. Mining industries have to face different challenges and environmental risks throughout the mining cycle including groundwork, handling hazardous substances, and waste disposal, which are required to be addressed in order to find an amicable solution. The risks faced by the employees in the mining industry such as mining accidents occur during the process of mining minerals. Around thousands of miners die due to mining accidents each year, especially from underground coal mining. Moreover, leakage of poisonous gases such as hydrogen sulfide or explosive natural gases due to improper procedures followed while digging mines also leads to mining accidents. According to the data released by US Department of Labor in January 2018, mining deaths in the US alone totaled 28 during 2017. Furthermore, a report released by the Center for Disease Control & Prevention (released in 2016), mining related injuries to employees across the world was 4,517 in 2015. Browse More About the Market Study @ https://www.coherentmarketinsights.com/ongoing-insight/trencher-market-2104 Regional Analysis of the Global Trencher Market On the basis of region, the global trencher market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be the largest market in the trenchers market over the forecast period. The U.S. has been producing oil since 1850’s and gas since 1820’s, respectively. According to Coherent Market Insights, in 2017, the U.S. produced 567.2 million metric tons of oil and 767.3 billion cubic meters of natural gas. As of 2017, it had the world’s ninth-largest oil reserves and fifth largest natural gas reserves. Moreover, the U.S. is the world’s largest oil consuming nation and natural gas consuming nation, consuming around 851.6 million metric