U.S. Trenchless Market Matures Amidst Water Market Shifts: Forecasts, Competitive Positioning, and Key Trends, 2022–2030

The 2.3 million miles of drinking water pipe and 1.8 million miles of wastewater pipe installed across the U.S. vary significantly in age and material type. With current annual water & wastewater pipe replacement rates averaging less than 1.0%, utilities are increasingly turning to alternative methods and technologies to maximize the useful life of their buried assets. As trenchless technologies become more advanced, they become more readily accepted as a project option alongside dig and replace. Furthermore, trenchless solution providers promote faster timelines and reduced costs compared to dig-and-replace projects. As demand for trenchless solutions continues to scale, a growing roster of firms are carving out competitive positions in the market, including vertically integrated trenchless pure-plays, diversified chemical companies, specialty service providers, and private equity (PE) investors. These players face a dynamic market landscape, shaped by labor and supply chain short