The global piling machine market size was valued at USD 5.08 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. Increasing urbanization in emerging countries, such as India, China, Brazil, and Mexico, is anticipated to augment the growth of the construction industry and fuel piling machine demand over the forecast period. The rising concerns over the effects of vibrations on the marine environment during piling operations have resulted in the enforcement of stringent regulatory norms in the U.K., Germany, the U.S., and New Zealand for the protection of the aquatic ecosystem. This is expected to result in the increasing demand for piling machines with lower vibrations.
The development of privately-owned construction firms in the UAE, India, and China is anticipated to augment the spending in the construction industry over the forecast period. According to the Global Construction 2030 report, the global construction industry is estimated to reach USD 15.5 trillion by 2030, with China, India, and the U.S. contributing to over 57% of the overall growth. An increase in construction activities is expected to augment product demand over the coming years.
In October 2014, the European Commission proposed a minimum 27% renewable energy target by 2030 and a 40% reduction of greenhouse gasses as it was in 1990. New product launches by Siemens and Suzlon, along with the target offered by the European Commission to enhance renewable energy output, are expected to increase the installation of wind farms. This, in turn, is expected to augment the growth of the market over the forecast period.
With the advent of rapid industrialization and modernization in operational processes, digital technologies play a crucial role. The companies are more inclined to offer digitally advanced solutions, such as remote master controllers, to the customers to gain a competitive edge in the market. Strategic partnerships among piling machine manufacturers, such as Bauer AG, for the development of machines with reduced noise levels and low vibrations are expected to favorably impact the market growth over the forecast period.
Public construction witnessed the minimal short-term impact of the COVID-19 pandemic on account of the ongoing activities to a certain extent. The construction companies have been executing their contracts, however, the disruption of supply chains has resulted in the shortage of construction materials and equipment, causing delays or cancellations of the ongoing projects and lower budgets for future projects.
Piling rigs held the largest share of 40.52% in 2020. They are finding increasing applications on account of the high flexibility involved with the machine. These products can be used for a wide range of applications, such as foundation reinforcement, cast-in piles, and installing diaphragm walls. The growing popularity of piling rigs on account of the flexibility of attaching vibratory hammers, screw drills, and impact hammers is anticipated to fuel the segment growth over the forecast period.
Rising concerns over the adverse effects of underwater piling operations on marine life are foreseen to result in a negative impact on the demand for vibratory driver piling machines over the forecast period. The implementation of stringent noise and vibration control norms in residential areas and offshore locations is expected to result in high R&D spending for the development of low-noise and vibration machines, which is expected to positively impact the segment growth.
The vertical travel lead systems are used on every crane type in the range of 40-ton truck cranes to over 300-ton crawler cranes. In addition, the vertical lead systems are connected to the boom using a sliding connection, which allows the lead to be lowered or elevated below grade. This system was developed in the 1960s as a solution to the swinging lead or fixed lead systems.
The conventional sheet pile driving process is highly energy-intensive as well as utilizes only a fraction of the piling machine’s weight in applying the downward force. To obtain higher efficiency, robotic pile drivers such as the Romu robot designed by the engineers of Harvard University are used. This robot holds the sheet pile, lowers its chassis, and inserts the pile into the ground surface with the help of a vibratory hammer.
The impact driven segment held the largest share of 29.71% in 2020. Air-lift RCD rig is expected to witness significant growth over the forecast period. It uses a dual-walled drill tube to pass the debris using high-pressure air. Increasing application of air-lift reverse circulation drilling in construction activities owing to better penetration performance compared to rotary and impact boring is expected to augment the segment growth in the near future. Reverse circulation drilling is especially effective in rocky soils on account of better cutting performance compared to impact hammers.
Stringent norms against vibrations in urban areas are expected to drive the market over the forecast period. In July 2014, Switzerland-based Liebherr Group launched a simulator for its LB 28 CFA drilling rig aimed at creating a virtual construction environment for training purposes. In April 2012, Italy-based Soilmec introduced its CFA dedicated piling machine, SF-65, in Paris, which features reduced weight, coupled with an improved mast strength over previous versions.
The latest trend in piling has been the development of driverless piling machines, which can accurately detect and install piles as required. These are particularly useful in setting up wind and solar farms, which require precision installation for optimum performance. The growing application of laser transmitters and receivers for improving accuracy is expected to fuel the demand for other piling machines over the forecast period.
Favorable government incentives for the deployment of alternative energy sources in the U.S. have resulted in the increasing installation of solar farms. The rising popularity of using self-propelled pile drivers for installing foundations for solar panels is expected to fuel the demand for other piling machines, mainly driverless piling machines.
Asia Pacific held the largest share of 42.28% in 2020. China led the Asia Pacific market in 2020 owing to the increasing need for residential and commercial buildings to cater to the growing population. The rising commercial construction of industrial facilities, complexes, hospitals, hotels and restaurants, and retail spaces to cater to the growing demand is expected to support the growth of the construction industry and drive the demand for piling machines.
Factors such as improved GDP, significant population growth, and the expanding industrial sector are likely to boost the growth of India's construction industry. 100% FDI in the Indian construction industry is expected to drive foreign investments, thereby stimulating market growth. Government initiatives for developing smart cities are expected to further fuel the growth of the construction industry, thus stimulating the product demand.
Russia witnessed a significant boost in infrastructure development in 2017 owing to Formula 1 race and FIFA Football World Cup that was held in the country in 2018. Since infrastructure development is vital to the economy, the government planned to invest USD 364.4 billion in the Development of Transport System of Russia Program by 2020. This, in turn, is expected to create opportunities for piling machine manufacturers over the forecast period.
Under the National Development Plan, the Mexican government initiated the National Infrastructure Program (PNI) to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitiveness in the construction industry. The program is anticipated to increase the overall standard of living in Mexico, thus augmenting the product demand for new constructions in the residential sector.
Key companies have formed strategic partnerships with companies, such as Bosch Rexroth; Caterpillar; and Cummins Inc., to ensure the constant supply of components at low prices. Furthermore, the deployment of zinc-free and bio-based hydraulic oils has increased drain intervals and reduced maintenance costs of hydraulic pumps. As a result, hydraulic pumps are expected to find applications in the marine industry and are likely to promote the importance of piling machines. Some prominent players in the global piling machine market include:
Casagrande S.p.a
Watson Inc.
BSP International Foundations
BAUER Group
TONTI TRADING S.R.L.
Beijing SINOVO International (SINOVO Heavy Industry Co., Ltd.)
Report Attribute |
Details |
Market size value in 2021 |
USD 5.20 billion |
Revenue forecast in 2028 |
USD 6.72 billion |
Growth Rate |
CAGR of 3.6% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2017 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, piling method, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Germany; Scandinavia; Russia; U.K.; China; India; Brazil; UAE; Saudi Arabia; Qatar |
Key companies profiled |
Casagrande S.p.a; Watson Inc.; BSP International Foundations; BAUER Group; TONTI TRADING S.R.L.; Beijing SINOVO International |
Customization scope |
Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global piling machine market report on the basis of product, piling method, and region:
Product Outlook (Revenue, USD Million, 2017 - 2028)
Impact Hammer
Vibratory Drivers
Piling Rigs
Others
Piling Method Outlook (Revenue, USD Million, 2017 - 2028)
Impact Driven
Drilled Percussive
Rotary Bored
Air-lift RCD Rig
Auger Boring
Continuous Flight Auger
Others
Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
U.S.
Canada
Mexico
Europe
Germany
Scandinavia
U.K.
Russia
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
UAE
Saudi Arabia
Qatar
b. The global piling machine market size was estimated at USD 5.08 billion in 2020 and is expected to reach USD 5.20 billion in 2021.
b. The global piling machine market is expected to grow at a compound annual growth rate of 3.6% from 2021 to 2028 to reach USD 6.72 billion by 2028.
b. The Asia Pacific dominated the piling machine market with a share of 48.9% in 2019. This is attributable to rapid urbanization in the emerging countries including China and India along with favorable government policies for infrastructural development.
b. Some key players operating in the piling machine market include Casagrande S.p.a, Watson Inc., BSP International Foundations, BAUER Group, TONTI TRADING S.R.L., and Beijing SINOVO International.
b. Key factors that are driving the piling machine market growth include rapid infrastructural development, rising consumption of metals and minerals, and increasing industrialization in emerging economies.
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The ongoing pandemic has led to a decline in exploration activities in the oil & gas sector. A number of EPC projects have also witnessed an indefinite pause that has transpired into a slump in the requirement for drilling and excavation services. Economic repercussions of the trend are expected to be highly evident in the Middle East. The report will account for Covid19 as a key market contributor.
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