Piling Machine Market Size, Share & Trends Analysis Report By Method (Impact Driven, Drilled Percussive), By Product (Impact Hammers, Vibratory Drivers, Rigs), By Region, And Segment Forecasts 2019 - 2025

Industry Insights

The global piling machine market size was valued at USD 4.8 billion in 2018 and is anticipated to register a CAGR of 4.6% over the forecast period. This is attributed to rapid infrastructural development across residential commercial and commercial sectors. Rising consumption of metals and minerals, coupled with increasing industrialization in emerging economies, including China, India, and the Middle East, has resulted in increased mining activities. The growing requirement of foundation equipment in mining operations is expected to positively impact the growth soon.

Regulations intended for increasing the energy output through non-conventional sources, including wind and solar, are anticipated to promote their foundation work, which in turn, will spur the product demand. Moreover, governments of countries including Germany and the U.S. are focusing on increasing the energy output using wind sources. This is anticipated to fuel the installation of wind turbines, which will result in the growth of the wind power sector, thereby positively impacting the growth of the piling machine market. However, the requirement of a skilled workforce for operating these machines will be a major challenge in the expansion.

High costs associated with the purchase of piling equipment and its limited use at the construction site have resulted in companies leasing these machines. This trend is anticipated to harm the market since the requirements of new equipment are likely to be restricted.

Rapid urbanization and favorable government policies on infrastructural development in China and India are projected to fuel the demand for piling machines for the foundation works in the Asia Pacific. Growth of the mining sector in countries such as Peru and Chile due to abundant amounts of minerals, including gold and copper, is anticipated to drive the market in CSA. Also, rising investments in the development of infrastructure and tourism by the government are likely to boost the growth in Saudi Arabia.

Product Insights

Impact hammers are anticipated to expand at a CAGR of 4.5% from 2019 to 2025. These products have lower prices as compared to other piling machines and are easy to operate, which is expected to be an encouraging factor for the segment growth. Impact hammer utilizes hammers that are either lifted manually or automatically by hydraulics systems, compressed air, steam generation, and diesel engine.

Vibratory drivers segment was valued at USD 966.2 million in 2018 and is anticipated to witness substantial growth over the forecast period. Increasing the application of vibratory drivers owing to their exceptional penetration speed is anticipated to fuel the demand over the forecast period. Rising concerns over adverse effects of piling operations on marine life in underwater operations are foreseen to pose a negative impact on demand for vibratory drivers over the forecast period.

Piling rigs emerged as the largest product segment in 2018 and accounted for 40.1% market share in terms of revenue, attributed to its ability to perform multipurpose functions including auger and screw boring, drilling, and grouting. The growing popularity of piling rigs on account of flexibility for attaching vibratory hammers, screw drills, and impact hammers are anticipated to fuel the demand over the forecast period. Expanding the mining industry in China, Chile, and Mexico owing to favorable regulatory support to enable foreign mineral processors to invest at the local level is expected to promote the foundation work. As a result, increasing foundation activities in the aforementioned countries is expected to augment demand for piling rigs in near future.

Piling Method (Manufacturing) Insights

The impact-driven method was valued at USD 1.40 billion in 2018 and is projected to witness significant growth over the forecast period. Increasing the construction of tall and high rise buildings is expected to have a positive impact on market growth over the forecast period. Impact driven piling is done using compressors, hydraulic systems, diesel, or manual impact hammer piling machines. Impact driven piling is a low-cost method and is primarily employed for effective pile installations at sites having firm soil.

Drilled percussive piling method is expected to expand at a CAGR of 4.4% from 2019 to 2025 on account of being a cheap and reliable way of drilling holes for pile installations. Percussive drilling can be utilized in a variety of soil conditions and can also be done manually or mechanically. The rising popularity of percussion drilling in developing countries to drill water wells is expected to fuel the market demand in the future.

Continuous Flight Auger (CFA) was valued at USD 491.7 million in 2018 and is expected to expand at the highest CAGR over the forecast period. Stringent norms against noise and vibrations in urban localities of the U.S. and U.K. are anticipated to increase the importance of CFA and thus likely to fuel demand for piling machines during the forecast period.

Regional Insights

The Asia Pacific was the largest regional segment in 2018, accounting for 41.7% market share in terms of revenue. Rapid urbanization in emerging countries including China and India is projected to increase the product demand for the foundation work of residential and commercial buildings. Moreover, favorable government policies for infrastructural development in China and India are anticipated to propel the demand during the forecast period.

Central and South America (CSA) is expected to register a CAGR of 4.4%, in terms of revenue from 2019 to 2025. Expansion of the mining industry in Peru and Chile due to the abundance of minerals, including gold and copper, is expected to promote the foundation works. Moreover, refining expansion in the region is projected to increase the application scope of foundation equipment thus, fueling the demand for piling machines in near future.

Abundant availability of solar energy to produce electricity is expected to promote the construction of power stations in Saudi Arabia, resulting in increased demand for piling machines. Moreover, increasing investments by the government of Saudi Arabia in the development of infrastructure and tourism is foreseen to favorably impact the growth over the forecast period.

Piling Machine Market Share Insights

The market is highly fragmented due to the presence of local manufacturers. Moreover, owing to the high operating cost of the foundation equipment, the majority of the local manufacturers supply products on a rental basis. Key participants operating in the global market include Atlas Copco, Bauer AG, Soilmec, Sinomach, The Casagrande S.p.A, Delmag, Tescar, and BSP International Foundations.

Piling equipment manufacturers have formed a collaboration with components suppliers and manufacturers to ensure the constant supply of raw materials for their captive consumption. Formation of strategic partnerships between piling machine manufacturers to develop new technologies for ensuring low noise and vibration, along with improvement in machine efficiency, is expected to be a critical success factor.

Report Scope

Segments Covered in the Report:

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global piling machine market report based on product, piling method, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Impact Hammer

  • Vibratory Drivers

  • Piling Rigs

  • Others

• Piling 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

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Scandinavia

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Qatar