Press release
Pile Driver Market Size, Scope, Trends, Growth Status, Share, Revenue and Forecast 2031 | Liebherr, Sany, Junttan, Vermeer
A pile driver is a machine that drives vertical structural pieces such as piles or poles to the earth in order to establish a foundation for buildings and other construction projects.
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Factors Influencing the Market
The market for pile drivers is forecast to grow at an exponential growth rate due to growing urbanization and favorable policies by governments. In addition, a growing number of developments in public infrastructure will contribute to the growth of the market. 89% of Brazil's population lives in urban areas and is growing by 1.1 % annually. Thus, the growing urbanization will also contribute to the growth of the pile driver industry.
Growing infrastructure spending, mainly in Asian countries, will benefit the global pile driver market. According to the information by Council on Tall Buildings and Urban Habitat, DAMAC Properties unveiled a new residential tower in Dubai in Dubai Marina in September 2021. Thus, the growing infrastructure spending will benefit the global pile driver market.
Adherence to sound pressure level regulations may limit the growth of the market.
The emergence of innovative piling technologies will offer ample growth opportunities for the market. For instance, BSP introduced an improved line of piling systems, named the SL30 model and compact BH120, in the year 2017. The SL30 is efficient to drive Z piles in pairs.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic negatively affected the global pile driver market. It is due to the halt on construction activities. The concerns over health increased throughout the world. In addition, travel activities were all banned, which was a significant obstacle in continuing the construction activities. In addition, investments in infrastructure development were reduced drastically. As a result, all of these factors hampered the growth of the global pile driver market during the study period.
Regional Analysis
The Asia-Pacific pile driver market is forecast to register an outstanding growth rate. It is owing to growing infrastructure development in emerging economies like China, Japan, and India. China is forecast to emerge as the prominent pile driver market due to the growing building construction industry. According to research by World Economic Forum, China is the largest building construction market in the world with up to 2 billion square meters constructed annually, which is almost half of the new construction globally.
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Moreover, the infrastructure development in India is forecast to benefit the market during the study period. According to a study by World Bank, India is forecast to register 46% of Indians living in urban space by 2050.
Competitors in the Market
PTC
XCMG
ABI GmbH (Banut and Delmag)
Hitachi, Sunward
Caterpillar
Bauer
Liebherr
Sany
Junttan
Vermeer
Atlas Copco
Other Prominent Players
Market Segmentation
The global pile driver market segmentation focuses on Product, Applications, and Region.
By Product Type
Static Pile Drivers
Piling Hammers
Piling Rigs
Casing Rotator
By Applications
Buildings Construction
Transport Infrastructure Construction
Others
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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