The global piling machine market size reached US$ 4.5 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 5.8 Billion by 2027, exhibiting a growth rate (CAGR) of 4.07% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A piling machine is a piece of mechanical equipment used to place piles and poles in the ground for supporting constructions. It is commonly used for drilling in grounds with silty clay and sandy soil and includes an impact hammer and a long, columnar and extendable component, or pile, manufactured with steel, timber or reinforced concrete. It can perform auger boring, drilled percussion, impact-driven and rotary boring piling. The machine is widely used for the construction of bridges, water tanks, foundation reinforcement and diaphragm walls in residential and commercial complexes. Apart from this, it is also used in densely populated areas to excavate or drill the soil with minimal vibrations and dispersion of dust.
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of piling machines for the installation of wind turbines in loose soil is also driving the market growth. Governments of both developed and emerging economies are promoting the installation of offshore wind turbines for improved electricity generation, which is leading to the increasing utilization of these machines for underwater piling operations. Additionally, various technological advancements, such as the development of machine variants with low-noise and low-emission features, are acting as other major growth-inducing factors. Equipment manufacturers are also replacing diesel hammers with hydraulic variants to mitigate adverse environmental impacts. Other factors, including extensive infrastructural developments, along with significant growth in the metal mining industries, are anticipated to drive the market further.
Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global piling machine market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, piling method and application.
Breakup by Product:
Breakup by Piling Method:
Breakup by Application:
Oil and Gas
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABI GmbH, BAUER AG, BSP International Foundations Ltd., Casagrande S.p.a, Dawson Construction Plant Ltd., Epiroc AB, IHC IQIP B.V., International Construction Equipment, Junttan Oy (Sinituote Oy), MKT Manufacturing Inc., Sany Group, TONTI TRADING S.R.L., WATSON DRILL RIG and XCMG Group.
Key Questions Answered in This Report:
How has the global piling machine market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global piling machine market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the piling method?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global piling machine market and who are the key players?
What is the degree of competition in the industry?