TRENCHER MARKET ANALYSIS

Market Challenges And Opportunities

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.