Piling Sheet, Anchoring Equipment, and Trench Shoring System Market to Exceed US$ 3,452.8 Mn by 2016

Pivotal structures such as bridges, tunnels, and dams are crucial to meet the growing demand for energy and to achieve extensive interconnectivity within cities and regions. As the construction of such structures results in the displacement or excavation of the soil structure above or underground, they require – specialized equipment such as anchoring devices; soil retention equipment such as piling sheets and pipe piles; and specialized trench shoring equipment such as slide rail, trench boxes, pipe grabber, and pullers to ensure structural stability and safety of the surrounding soil. The demand for piling sheets, anchoring equipment, and trench shoring systems across the globe is anticipated to remain moderate during the forecast period, translating into an absolute incremental opportunity of approximately US$ 1,976.1 Mn over the forecast period.

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Key drivers and trends influencing the market

Increasing urbanization, industrialization, mining exploration and excavation activities, and growth of trade and transport channels such as roadways and waterways in most of the developing and developed economies are augmenting the revenue sales of the piling sheet, anchoring equipment, and trench shoring system market across the globe. Increasing demand for sustainable sources of renewable energy such as hydroelectric energy; global cultural and sporting events; and increasing demand for mining are expected to create significant opportunities for the manufacture of anchoring equipment and piling sheets during the forecast period. Likewise a growing infrastructure and commercial construction sector is expected to boost sales of trench shoring systems globally.

High capital cost (pertaining to equipment and installation); presence of conventional equipment and methods such as timber piling, lagging, and shoring; and an increasing rental market are some of the challenges likely to restrict the growth of the global piling sheet, anchoring equipment, and trench shoring system market. The market is also likely to witness some key trends such as an increasing adoption of aluminium trench boxes and replacement of traditional piling sheet wall structures.

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Market forecast by segmentation

The global piling sheet, anchoring equipment, and trench shoring system market has been segmented as under:

Piling sheet market

• Piling sheet

o Hot rolled steel
o Cold rolled steel
o Concrete
o Aluminum
o Vinyl
o Fiber reinforced polymer (FRP)
o Others

• Pipe piles

Anchoring equipment market

• Threadbar Anchor
• Drill Hollow Bar Anchor
• Strand Anchor
• Helical Anchor
• Others

Trench shoring system market

• Slide Rail Systems
• Trench Boxes
• Pipe Puller
• Pipe Grabber

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The global sales revenue of the piling sheet market was US$ 2,347.1 Mn in 2015 and is projected to reach US$ 4,059.8 Mn by 2024. The global sales revenue of the anchoring equipment market was US$ 632.0 Mn in 2015 and is projected to reach US$ 953.0 by 2024. The global sales revenue of the trench shoring system market was US$ 296.4 Mn in 2015 and is projected to reach US$ 416.2 Mn by 2024.

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