The global piling machine market size is expected to reach USD 6.5 billion by 2025,
according to a new report by Grand View Research, Inc. It is anticipated
to progress at a CAGR of 4.6% over the forecast period. Growing construction
industry in countries such as China, India, Saudi Arabia, UAE, Thailand, and
Malaysia, coupled with population growth and rapid urbanization is anticipated
to drive the growth. Initiatives undertaken by government pertaining to
infrastructure development, is expected to promote the foundation activity,
thereby fueling the use of piling machines.
Moreover, increasing installation of wind
turbines in China, U.S., India, U.K., and France on account of favorable
government policies is expected to drive the application of piling machines in
installing foundation for wind turbines. Abundance of reserves such as rare
earth elements, copper, steel, and aluminum in China is expected to increase
mining expenditure in near future and thus increase the application of
foundation works in Asia Pacific.
Increasing product usage in commercial
structures, residential premises, manufacturing facilities, wind farms, mining
bases, solar power plants, drilling platforms, and power transmission plants is
expected to fuel the growth over the forecast period. Furthermore, rapid expansion
in social infrastructure, transportation, defense infrastructure, government
accommodation, transport, energy, and water is projected to create immense
growth opportunities for the piling machine market over the forecast period.
Rotary boring method is likely to gain
traction in future on account of its excellent boring capabilities in highly
challenging soil conditions. Air-lift RCD is expected to witness favorable
growth on account of better penetration performance as compared to rotary and
impact boring. Piling rigs is expected to be the fastest growing product
segment owing to increasing application. However, products like vibratory
drivers can witness a negative growth owing to rising concerns over adverse
effects of piling operations on marine life in underwater operations.
The governments of countries such as U.S.,
U.K., Germany, Australia, and New Zealand have set restrictions on the noise
produced by underwater operations to safeguard marine life. Noise restrictions
in the construction work at residential areas, coupled with stringent emission
regulatory norms in Europe and North America, are expected to foresee
increasing expenditure by companies to purchase new generation piling machines
with lower noise and vibration levels.
Growing construction sector mainly in U.S.
and Mexico is expected to drive the demand in North America. Moreover,
government regulations restricting the maximum limits of sound exposure has in
turn, increased the demand for low noise machines, which is expected to
favorably impact the market growth.
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https://www.grandviewresearch.com/industry-analysis/piling-machines-market
Further key findings from the study suggest:
· On the basis of product, vibratory drivers
held 20.3% market share in terms of revenue in 2018 and is expected to witness
steady growth owing to excellent penetration speed of the product. Application
of piling rigs is expected to increase over the forecast period owing to their
high flexibility
· Rotary boring method is expected to expand
at a CAGR of 3.9% from 2019 to 2025 owing to its growing application in
foundation work and fast boring speed. Air-lift RCD was valued at USD 259.4
million in 2018 and is projected to grow substantially due to its increasing
application in foundation for construction
· Asia Pacific was valued at USD 2.0 billion
in 2018 and is expected to grow on account favorable government policies to
expand infrastructure in India and China. MEA is anticipated to expand at a
CAGR of 4.7% from 2019 to 2025 owing to favorable government policies for the
development of infrastructure and tourism
· Few of the key participants in the piling
machine market are Casagrande S.p.A, Bauer AG, Atlas Copco, Sinomach, Tescar,
Delmag, FAE, and BSP International Foundations.
Grand View Research has segmented the
global piling machine market on the basis of product, piling method, and
region:
Piling Machine Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Impact Hammer
·
Vibratory Drivers
·
Rigs
·
Others
Piling Machine Method (Manufacturing)
Outlook (Revenue, USD Million, 2015 - 2025)
·
Impact Driven
·
Drilled Percussive
·
Rotary Boring
·
Air-lift Reverse Circulation Drilling (RCD)
·
Auger Boring
·
Continuous Flight Auger
·
Others
Piling Machine Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
