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.
To request a sample copy or view summary of this report, click the link below:
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)
Piling Machine Method (Manufacturing) Outlook (Revenue, USD Million, 2015 - 2025)
Air-lift Reverse Circulation Drilling (RCD)
Continuous Flight Auger
Piling Machine Regional Outlook (Revenue, USD Million, 2015 - 2025)
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."