Press release
Piling Machine Market Size, Trends, Drivers, Growth Rate And Future Expansion To 2033
Piling Machine Market Analysis
The Business Research Company offers in-depth market insights through Piling Machine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Sustained Growth In Global Construction Industry Fuels Surge In Piling Machine Market
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.
Competitive Landscape:
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
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Top Trend - Advancements In Piling Machine Market Through The Rise Of Fuel-Efficient Piling Rigs
Major companies operating in the piling machine market are developing new products such as fuel-efficient piling rigs to gain a competitive edge in the market. Fuel-efficient piling rigs are specialized construction machines designed for the installation of piles, which are vertical structural elements driven into the ground to provide foundation support for buildings, bridges, and other structures. For instance, in February 2023, Eimco Elecon (India) Limited, an India-based company that specializes in the manufacturing of heavy engineering equipment, launched EC 216. These rigs include affordable and interchangeable rotational internal components and are built to be extremely dependable, productive, and fuel-efficient. The three rotational speeds, anti-shock system, and high torque to weight ratio of the piling rigs all add to their productivity and fuel efficiency. Zaxis 370 is a well-known base that offers outstanding performance and stability while mounting rigs. Due to its three rotating speeds, the EC 216 is adaptable for a range of drilling applications and can handle different kinds of soil and rock strata.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Piling Machine Market Characteristics
3. Piling Machine Market Trends And Strategies
4. Piling Machine Market - Macro Economic Scenario
5. Piling Machine Market Size And Growth
…..
27. Piling Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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