Piling Machine Market Analysis, Size, Share and Forecast Report to 2028

Posted on 2022-08-11 by researchinsights in Industrial // 0 Comments

San Francisco, California , USA, Aug 11, 2022 — /EPR Network/ —

Piling Machine Industry Overview

The global piling machine market size was valued at USD 5.08 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028.

Increasing urbanization in emerging countries, such as India, China, Brazil, and Mexico, is anticipated to augment the growth of the construction industry and fuel piling machine demand over the forecast period. The rising concerns over the effects of vibrations on the marine environment during piling operations have resulted in the enforcement of stringent regulatory norms in the U.K., Germany, the U.S., and New Zealand for the protection of the aquatic ecosystem. This is expected to result in the increasing demand for piling machines with lower vibrations.

Gather more insights about the market drivers, restrains and growth of the Global Piling Machine market

The development of privately-owned construction firms in the UAE, India, and China is anticipated to augment the spending in the construction industry over the forecast period. According to the Global Construction 2030 report, the global construction industry is estimated to reach USD 15.5 trillion by 2030, with China, India, and the U.S. contributing to over 57% of the overall growth. An increase in construction activities is expected to augment product demand over the coming years.

In October 2014, the European Commission proposed a minimum 27% renewable energy target by 2030 and a 40% reduction of greenhouse gasses as it was in 1990. New product launches by Siemens and Suzlon, along with the target offered by the European Commission to enhance renewable energy output, are expected to increase the installation of wind farms. This, in turn, is expected to augment the growth of the market over the forecast period.

With the advent of rapid industrialization and modernization in operational processes, digital technologies play a crucial role. The companies are more inclined to offer digitally advanced solutions, such as remote master controllers, to the customers to gain a competitive edge in the market. Strategic partnerships among piling machine manufacturers, such as Bauer AG, for the development of machines with reduced noise levels and low vibrations are expected to favorably impact the market growth over the forecast period.

Public construction witnessed the minimal short-term impact of the COVID-19 pandemic on account of the ongoing activities to a certain extent. The construction companies have been executing their contracts, however, the disruption of supply chains has resulted in the shortage of construction materials and equipment, causing delays or cancellations of the ongoing projects and lower budgets for future projects.

Browse through Grand View Research’s Drilling & Extraction Equipments Industry Research Reports.

Fuel Transfer Pumps Market – The global fuel transfer pumps market size was estimated at USD 1.71 billion in 2021 and is anticipated to grow at a compounded annual growth rate (CAGR) of 4.9% from 2022 to 2030.
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Piling Machine Market Segmentation

Grand View Research has segmented the global piling machine market on the basis of product, piling method, and region:

Piling Machine Product Outlook (Revenue, USD Million, 2017 – 2028)
- Impact Hammer
- Vibratory Drivers
- Piling Rigs
- Others
Piling Machine Piling Method Outlook (Revenue, USD Million, 2017 – 2028)
- Impact Driven
- Drilled Percussive
- Rotary Bored
- Air-lift RCD Rig
- Auger Boring
- Continuous Flight Auger
- Other
Piling Machine Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Piling Machine market include

Casagrande S.p.a
Watson Inc.
BSP International Foundations
BAUER Group
TONTI TRADING S.R.L.
Beijing SINOVO International (SINOVO Heavy Industry Co., Ltd.)

Order a free sample PDF of the Piling Machine Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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