Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting,The Global Piling Machine Market is Expected to Grow from USD 4.93 Billion in 2023 to USD 7.3 Billion by 2033, at a CAGR of 4.00% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Piling Machine Market Size, Share, and COVID-19 Impact Analysis, By Piling Method (Impact- Driven, Drilled Percussive, and Rotary Bored), By Product (Piling Rigs, Impact Hammer, and Vibratory Drivers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The piling machine market is a global demand for various construction equipment used to install piles that are long, slender in structure, and provide strong support and stability to the ground for various structures. The piling machine is also named as piling ring or pile driver. This machine is mostly designed for construction purposes and provides strong support to the ground. The main role of the piling machine is to install piles into the ground and provide strength to various structures. The piling machine market is heavily impacted by renewable energy projects, which include a wide variety of activities aimed at harnessing sustainable sources of energy such as wind, solar, and geothermal power. Furthermore, as per the International Trade Administration (ITA), a stunning rise in global renewable capacity additions is anticipated, with 107 gigawatts (GW) expected to be added. This stunning growth in renewable energy capacity is being driven by the mounting backing of policy support for renewables, rising concerns over energy security, and the mounting competitiveness of renewable energy vis-a-vis fossil fuel options. However, this complexity contributes to the expense of their design, development, and production. These are built with high-quality materials, including heavy-duty steel and durable parts, which may be costly.
The impact-driven segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the piling method, the global piling machine market is divided into impact-driven, drilled percussive, and rotary bored. Among these, the impact-driven segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Impact pile driving technique is where the pile is driven into the ground by the impact force. The impact force may be obtained with a hydraulic hammer. The piles utilized consist of steel, precast concrete, and wood. Piles may be installed as one length or spliced for very deep piles.
The piling rings segment accounted for the largest share in 2023 and is anticipated to grow at a CAGR of 39.87% during the projected timeframe.
Based on product, the global piling machine market is divided into piling rings, impact hammer, and vibratory drivers. Among these, the piling rings segment accounted for the largest share in 2023 and is anticipated to grow at a CAGR of 39.87% during the projected timeframe. The UK government, as per its 2019 policy paper, says that the total infrastructure pipeline covering public and private sectors equals an investment worth over USD 656.1 billion lined up to be executed from 2020 to 2030. With these projects, the global demand for piling rigs is expected to increase in the following years to build transport structures, infrastructure facilities, and water treatment facilities.
Asia Pacific is anticipated to hold the highest share of the global piling machine market over the projected period.
Asia Pacific is anticipated to hold the highest share of the global piling machine market over the projected period. Regional economies are expected to thrive during the forecast period due to the huge investments made by governments in infrastructure development and growth in the residential building construction sector, which is expected to be a boon for the Asia Pacific market.
Europe is estimated to grow at the fastest CAGR of the global piling machine market during the forecast period. This is due to rising immigration levels in the region. Furthermore, a growing rate of investment in civil engineering construction is anticipated to raise demand for piling machines across Europe during the forecast period. The increased construction of skyscrapers in response to the unavailability of commercial land and advances in architectural technology are anticipated to drive demand for piling machines in the market in European region over the next few years, hence boosting the market in Europe.
Company Profiling
Major vendors in the global piling machine market are Casagrande S.p.a, WATSON DRILL RIG, BSP TEX, BAUER Group, TONTI TRADING S.R.L., Beijing SINOVO International (SINOVO Heavy Industry Co., Ltd.), International Construction Equipment, ABI Maschinenfabrik und Vertriebsgesellschaft mbH, Epiroc AB, Fundex Equipment, Dieseko Group, MKT Manufacturing Inc., IQIP, XCMG Group, Junttan Oy, Sany Group, Liebherr-International Deutschland GmbH, Soilmec S.p.A, Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd, Kejr, and Inc., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global piling machine market based on the below-mentioned segments:
Global Piling Machine Market, By Piling Method
Global Piling Machine Market, By Product
Global Piling Machine Market, By Regional
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