Piling Machine Market: A Clear Understanding Of The Competitive Landscape And Key Product Segments, CAGR of 6.3%, US$ 15,77 Bn in 2024 end

As per the numbers given in this report, the global piling machine market was valued at US$ 1,029.2 Mn in 2017 and is expected to reach a valuation of US$ 1,577.6 Mn in 2024 end, reflecting a CAGR of 6.3% during the assessment period of 2017-2024.

Global construction industry is registering a steady growth due to high rate of urbanization and increasing demand for roads, rails, buildings and associated infrastructure as result of growth in population. In addition, governments of various countries across the globe are focusing on development of transportation infrastructure. For instance, in 2015, the U.S. Congress passed a bill for spending of US$ 305 Bn to improve quality of highway network and transit systems. The U.S. government spends around 2.2% share of GDP on developing infrastructure. In 2015, the Chinese government is also spending heavily on infrastructure, and has announced projects worth US$ 1.1 Trillion to revive the economic growth and GDP of the country. In July 2016, India launched several projects, which include the development of 24 smart cities, 23 industrial hubs, two ports, and a 1,500 Km, six-lane express highway. Such initiatives of governments will boost the construction projects across the globe resulting in growth of pile foundation work, which in turn is likely to fuel the demand for piling machines.

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To assess market opportunities, the market is divided into two segments namely by product type and by region. By product type, the market is segmented into diesel hammer, vertical travel lead systems, hydraulic hammer, hydraulic press-in, vibratory pile driver, and piling rig. The report provides in-depth analysis of the global piling machine market in terms of volume and value across the five key regions of North America, Asia Pacific (APAC), Latin America, Europe, and Middle East and Africa (MEA). To provide a better understanding of the market the report also includes a comprehensive analysis of key market drivers and restrains and throws light on the regulations influencing the global piling machine market.

The subsequent sections analyze the global piling machine market considering the product type segment and regional segment; and provide a thorough forecast for the period 20172024. The last section of the report features a comprehensive competitive landscape with a dashboard view of piling machine manufacturers across the globe. The report also provides strategic recommendations to enable market players to capitalize on growth opportunities in the market. Also included are the company profiles of some of the major market players. This level of information has been provided to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Global Piling Machine Market: Competition Landscape

This report profiles some of the key companies that are operating in the global piling machine market in the competition landscape section. Some of the important companies that have been included in this section of the report are BSP International Foundations, Soilmec S.p.A., Casagrande Group, Bauer Group, International Construction Equipment, Liebherr, Junttan Oy, DELMAG GmbH & Co. KG, Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd. and MAIT S.p.A.

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Global Piling Machine Market: Segmentation and Forecast

The global piling machine market is segmented on the basis of product type and region.

Piling rigs segment is estimated to account for a maximum share of approximately 36 percent of overall sales by 2017 end. The segment is expected to gain market share by 2024 as compared to that in 2017. Growth of piling rigs segment is mainly attributed to upcoming railway, metro rails and other construction projects in North America, Europe and Asia Pacific.
Vertical travel lead system segment is expected to be valued at US$ 140 Mn in 2017 and is projected to witness a robust CAGR and is projected to be valued at US$ 218.4 Mn by 2024.
Asia Pacific is estimated to account for a share of nearly 48 percent of global sales of piling machines by 2017 end. The market in the region is expected to gain market share by 2024 as compared to that in 2017.

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