The global market for Piling Machines Market is expected to reach a size of USD 6.99 billion by 2030, with a revenue compound annual growth rate (CAGR) of 3.5% during the forecast period. The rising demand for piling machines in the construction industry and government initiatives for infrastructure development in both developed and developing countries are the primary drivers of market growth. Additionally, the increasing adoption of piling machines across various industries will further boost market growth. Piling machines are commonly used in the construction of long-structured buildings in several countries, including the U.S., India, China, the UAE, and Australia. Due to noise constraints in urban areas, there is a growing demand for piling machines with lower noise and vibration levels.
However, the high cost of piling machinery and their long shelf life are factors that may hinder the growth of the market during the forecast period. Contractors may prefer to use used machinery or rentals rather than purchasing new machinery due to the high cost. Furthermore, manufacturers of technologically advanced and modern equipment may hamper market revenue during the forecast period.
The report highlights that the piling rigs segment is expected to account for a larger share of the market revenue during the forecast period due to their effectiveness in various applications. The impact-driven segment is expected to have the largest revenue share in the global piling machine market between 2022 and 2030 due to its ability to drill into hard grounds with the right choice of hammer. The Asia Pacific market for piling machines is expected to have the largest revenue share due to the increasing demand for residential and commercial establishments in the region.
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The major companies in the global market include:
Liebherr-International Deutschland GmbH, Junttan Oy, The Casagrande Group, Soilmec S.P.A, Sinomach (China National Machinery Industry Corporation), Atlas Copco AB, BSP International Foundations Ltd, Delmag GmbH Co.KG, Bauer AG, and SANY Group. In November 2021, The Casagrande Group launched B400 XP-2, a multifunction rig designed to drill in bored piles to a maximum depth of 4500mm for the construction of Egypt’s first monorail.
The report segments the global piling machine market based on product, method, application, and region. The product segment includes impact hammers, vibratory drivers, piling rigs, hydraulic press, and others. The method segment includes impact-driven, auger boring, rotary bored, continuous flight auger, drilled percussive, air-lift RCD, and others. The application segment includes civil engineering, industrial construction, oil and gas, and others. Finally, the regional outlook segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.
The piling machine market has witnessed several notable innovations:
In November 2021, The Casagrande Group launched the B400 XP-2, a multifunction rig designed to drill bored piles up to a maximum depth of 4500mm for the construction of Egypt’s first monorail. The use of such modern machines with advanced features is expected to drive market growth in the coming years. Additionally, there is an increasing demand for piling machines with lesser noise and vibration levels due to noise constraints on construction operations in urban areas. Manufacturers are developing newer technologies and techniques to address this issue and meet the growing demand for quieter machines. Moreover, the rising adoption of piling machines for extensive applications across various industries is expected to boost the growth of the piling machine market in the near future.
The key factors driving the growth of the piling machine market includes:
- Increasing demand for piling machines in the construction industry
- Rising government initiatives for infrastructure development in developed and developing countries
- Increasing adoption of piling machines for extensive application across various industries
- Demand for piling machines with lesser noise and vibration levels due to noise constraints on construction operations in urban areas
- Piling machines are frequently employed in the construction of long-structured buildings in countries such as the U.S., India, China, the UAE, and Australia
- High prices and low replacement rates could hamper the revenue growth of the market during the forecast period.
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