Piling Machine Market (By Product: Impact Hammer, Vibratory Drivers, Piling Rigs, Others; By Method: Impact Driven, Drilled Percussive, Rotary Bored, Air-lift RCD Rig, Auger Boring, Continuous Flight Auger, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027
The global piling machine market is anticipated to grow at a CAGR of around 4.0% during the forecast period 2020 to 2027 and to reach around US$ 7.6Bn by 2027.
Market Dynamics
Flourishing construction sector across the globe and increasing infrastructure development projects is resulting in demand for advanced construction equipments is major factor expected to drive the growth of global market. Government of developed and developing countries is investing high for development of infrastructure. According to Ministry of Commerce & Industry, Government of India, the infrastructure sector has become the biggest focus area for the Government of India. India plans to spend US$ 1.4 trillion on infrastructure during 2019-23 to have a sustainable development of the country. Players are focused on enhancing the operational efficiency on the construction site. They are adopting more advanced and enhanced equipment in order to avoid any fault margin in the construction phase. Players are using of highly advanced and sophisticated pieces of engineering such as vibratory drivers and piling rigs in the construction of high-rise buildings, overpasses and other architectural marvels. High investment by major players for product development and introduction of new products with high precision is expected to impact the growth of piling machine market.
• Sany India, a global leader in the construction industry launched “Piling Rig SR235” for a reliable structure is designed for all arduous applications in 2021. The product launch is the first regional product and is expected to help strengthen the regional manufacturing capabilities.
• In 2019, Eimco Elecon a leading manufacturer and supplier of various mining and construction equipment launched “Piling Rig model EC-216”. This product launch helped the company to enhance the product portfolio and increase the revenue share in the Indian market.
• In 2021, Casagrande S.p.a a global construction equipment manufacturer launched “C20-Classic hydraulic piling rigs”. The C20 is designed to satisfy the European Union standards on safety and is manufactured to comply with the ISO 9001 requirements on quality.
• In 2020, Aarsleff a global equipment manufacturer launched the “PMx22 piling rig”. The PMx22 provides benefits such as lower emissions, better fuel economy, quieter and safer operations, and more reliability. The product was an addition to the existing product line.
Factors such as high cost associated to product and maintenance and lack of investment for development are factors expected to hamper the growth of global piling machine market. In addition, inclination towards equipment renting is lowering the demand for new products this is expected to challenge the growth of target market. However, increasing investment by major players for the development of low cost products and increasing construction activities are factors expected to create new opportunities for players operating in piling machine market over the forecast period. In addition, increasing partnership and agreements is expected to support the revenue transaction of the target market.
Segment Analysis by Region
The market in Asia Pacific is expected to account for a major revenue share in the global market due to increasing construction activities. Favorable business opportunities by the government and focus on strengthening the regional manufacturing capabilities are factors expected to support the growth of target market. In addition, increasing merger & acquisition activities by players in order to increase the customer base is expected to augment the growth of target market.
The market in North America is expected to account for a noticeable revenue share in the target market due to the increasing focus on the development of smart cities. In addition, presence of large number of players operating in the country and introduction of innovative solutions is expected to support the growth of regional market.
Competitive Landscape
The global piling machine market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Piling Machine Market Segment Analysis, 2019
The global piling machine market is segmented into product types and methods. The method segment is bifurcated into impact driven, drilled percussive, rotary bored, air-lift rcd rig, auger boring, continuous flight auger, and others. Players operating in the global piling machine market are MAIT S.p.A., Soilmec S.p.A., BSP International Foundations, International Construction Equipment, Liebherr Group, Bauer AG; Casagrande S.p.a, ABI GmbH, TRANSOCEAN LTD., Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd., TES CAR SRL, Junttan Oy, Liugong Machinery Co., Ltd., Shenzhen Sinovo Electric Technologies Co., Ltd.
Market Segmentation
Market By Product
Impact Hammer
Vibratory Drivers
Piling Rigs
Others
Market By Method
Impact Driven
Drilled Percussive
Rotary Bored
Air-lift RCD Rig
Auger Boring
Continuous Flight Auger
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
Frequently Asked Questions
What will be the market size of global piling machine market in 2027?
The global piling machine market in 2027 is expected to be above US$ 7.6 Bn.
What is the CAGR of the global piling machine market?
The CAGR of the global piling machine market from 2020-2027 is above 4.0%.
Which segment is growing in product segment?
In product the piling rigs segment is growing at faster pace.
Which is the major factor expected to drive the global market?
Flourishing construction sector across the globe and increasing infrastructure development projects is resulting in demand for advanced construction equipments is major factor expected to drive the growth of global market.
Which region is expected to grow faster?
In the global market the Asia Pacific region is expected to grow faster.
What are the players considered in the report scope?
Some of the players considered in the report scope are MAIT S.p.A., Soilmec S.p.A., BSP International Foundations, International Construction Equipment, Liebherr Group, and Bauer AG.
Which region is expected to account for major revenue share in the global market?
The Asia Pacific is expected to account for major revenue share in the global market.
Select Licence Type
Connect with our sales team
Why Acumen Research And Consulting
100%
Customer Satisfaction
24x7
Availability - we are always there when you need us
200+
Fortune 50 Companies trust Acumen Research and Consulting
80%
of our reports are exclusive and first in the industry
100%
more data and analysis
1000+
reports published till date
