Press release
Piling Machine Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | China National Machinery Industry Corporation (SINOMACH), Liebherr-International AG, Atlas Copco AB
Piling Machine Global Market Report
The Business Research Company presents an extensive market research report on the Piling Machine Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The piling machine market size has grown steadily in recent years. It will grow from $4.63 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to expansion in global construction activities, demand for piling machines, industry standards and practices, environmental regulations.
The piling machine market size is expected to see steady growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to urbanization trends, government policies, economic growth, increasing investments in piling machine infrastructure, population growth. Major trends in the forecast period include rise of autonomous machine, smart technology integration, transmission piling machines, increased adoption of advanced technologies.
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Key Market Players:
Major companies operating in the piling machine market report are China National Machinery Industry Corporation (SINOMACH), Liebherr-International AG, Atlas Copco AB, Epiroc AB, Bauer Maschinen GmbH, Vermeer Corporation, Soilmec S.p.A., Casagrande Group, Dawson Construction LLC, Changsha Tianwei Engineering Machinery Manufacturing Co Ltd., International Construction Equipment Inc., Bay Shore Systems Inc., Watson Drill Rigs, Junttan Oy, MAIT S.p.A., SINOVO Heavy Industry Co Ltd., CZM Foundation Equipment, Geax Srl, TEI Rock Drills, ABI Equipment Limited, Eurodrill GmbH, J&M Foundation Equipment, Sunward Intelligent Equipment Group, BSP International Foundations Ltd., DELMAG GmbH & Co KG, PVE Equipment USA Inc., IMT S.p.A., Joseph Cyril Bamford Excavators Ltd., Orteco Srl, Tescar Srl
Market Drivers:
The growth of the construction industry across the globe is expected to propel the piling machine market. Construction activities refer to a business engaged in the design, development, and construction of buildings using construction materials. Piling machines are used in vertical vibrations to embed sheet piles and pipes in the construction of buildings, commercial offices, and industrial construction. For instance, in November 2022, according to a report shared by The Office for National Statistics, a UK-based statistics authority, the value of new construction projects in Great Britain in 2021 saw substantial growth (15.3%) to $140 million. Construction's private industrial, private dwelling, and private commercial sectors drove the 30.5% increase in new orders to $88,037 million in 2021, the industry's highest level in more than 45 years. Therefore, the growth of the construction industry across the globe is driving the piling machine market.
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The piling machine market covered in this report is segmented -
1) By Product: Impact Hammer, Vibratory Drivers, Piling Rigs, Other Products
2) By Piling Method: Impact Driven, Drilled Percussive, Rotary Bored, Air-lift RCD Rig, Auger Boring, Continuous Flight Auger, Other Piling Methods
3) By Application: Civil Engineering, Oil And Gas, Industrial Construction, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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