Piling Machines Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The piling machines market size is projected to reach US$ 10442.52 million by 2031 from US$ 7,456.43 million in 2023, at a CAGR of 4.3% by 2031. The construction industry is rapidly growing in various countries across the world with a rise in government investments and an increase in demand for residential construction projects. Countries such as the US, China, and India have the most significant construction businesses in the world. According to the Associated General Contractors of America (AGC), the US construction industry creates US$ 1.4 trillion worth of structures each year. A surge in construction activities in the country is ascribed to the increasing population and the proliferating commercial sector. This surge in construction activities is surging the demand for piling machines in the country.

Piling Machines Market Analysis

Companies in the global piling machines markets focus on offering new, upgraded products to meet the evolving needs of customers. In April 2022, SANY UK launched SR235 multipurpose piling rig. With an operating weight of ~90 tons, the SR235 is powered by a Stage V Volvo engine, which contributes to its reliability and efficiency. In 2019, Soilmec S.p.A. introduced new SM drilling rigs for the foundation of micro piles and anchoring. In May 2021, the company introduced new Soilmec SM-11 medium-sized drilling rigs that have a very high nursing force. These rigs feature an appropriate combination of performance and effectiveness and provide a compact enterprise for limited-access job places. Moreover, they are easy to set for dissimilar working needs. In January 2020, Soilmec acquired a majority stake in Watson Inc., a Texas-based manufacturer of foundation rigs, as part of a more comprehensive project aimed at securing growth in foreign markets. Thus, such recent technological developments and product innovations in piling machines are likely to bring new trends in the market in the coming years.

Piling Machines Market Overview

A piling machine is a gadget for setting heaps or shafts in the ground to support compositional structures. Piling machines bore in silty dirt, sandy soil, and others. These machines are utilized for developing water tanks, extensions, structures, and establishment ventures, for example, establishment fortification, stomach dividers, and others. A heaping rig is a development machine for heaping in an established building. It is primarily applied to bore in sandy soil, mud, silty earth, and others. It is generally utilized to set up heaps, stomach dividers, establishment fortification, and other establishment ventures. In addition, it is critical to consider the position and arrangement satisfactorily, as vital air would either harm or dislodge the machine from its unique position.

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Piling Machines Market: Strategic Insights

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Piling Machines Market Drivers and Opportunities

Rise in Renovation and Remodelling Activities  

Renovation involves the reconstruction of infrastructural facilities with modern and advanced construction materials to upgrade structural properties and improve the life span of buildings, alongside ensuring a minimal environmental impact. Rapid urbanization and industrialization have propelled the demand for better residential and commercial facilities. According to the World Economic Forum, the global urban population is growing by 200,000 people every day, many of whom need affordable housing and social, transportation, and service infrastructure. Amid such challenges, the construction industry is morally obligated to transform. The International Energy Agency (IEA) has called for significant energy-efficient building renovation activities as part of its revival plan to rebuild the global economy, which is valued at ~US$ 3 trillion.

Building renovation is considered critical to meeting energy-efficiency targets in the European Union (EU). A few of the voluntary and regulatory programs or schemes intended to stimulate the renovation of buildings in the EU are Energy Conservation Obligation Schemes (EEOS), Mandatory Building Codes, and Minimum Energy Performance Standards (MEPS). Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by taking several initiatives and promoting projects. Thus, growing renovation and development activities, driven by investments in the modernization of existing infrastructure, boost the piling machines industry. Rising remodeling and construction operations in nonresidential spaces (including hotel and resort renovations) and increasing investments in industrial construction would also drive the demand for piling machines during the forecast period.

Growing Infrastructure Advancement Activities in Emerging Economies 

Argentina, Brazil, China, India, Indonesia, Mexico, Poland, South Africa, South Korea, Turkey, Egypt, Iran, Nigeria, Pakistan, Russia, Saudi Arabia, Taiwan, and Thailand are the notable emerging economies implementing major construction and infrastructure activities. In Argentina, the Riachuelo water system, Salado River waterworks, stage IV, National route 7 Lujan-Junín stretch, National route 9, and San Miguel de Tucumán-Santiago del Estero stretch are a few of the major infrastructure projects. Governments of China and India are also taking various initiatives to strengthen their construction and infrastructure industries. Various active projects in China include Hong Kong-Zhuhai-Macau Bridge, Shanghai Tower, Beijing Subway Metro Network, the Giant Wind Turbines, and Super LNG Tanker. In Europe, Evora Public Central Hospital, Edge East Side Tower, Baltic Offshore Pipeline, Flamanville 3, and Crossrail are among the ongoing construction projects, which are contributing to the demand for piling machines. Such infrastructure and construction initiatives taken by the governments of various emerging economies worldwide provide lucrative growth opportunities to the piling machines market.

Piling Machines Market Report Segmentation Analysis

Key segments that contributed to the derivation of the piling machines market analysis are product and method.

• Based on product, the piling machines market has been segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment accounted for the largest market share in 2023.
• Based on method, the piling machines has been segmented into vibro piling, drilling, driven piling. The drilling segment held a larger market share in 2023.

Piling Machines Market Share Analysis by Geography

The global piling machines market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The piling machines market in North America is segmented into the US, Canada, and Mexico. The North America piling machines market growth is attributed to the increasing construction activities and the rising residential and commercial building projects in the region. Increasing population and growing real estate industry have increased the use of piling machines for drilling platforms and constructing structures. Additionally, increasing residential construction projects in the region further contribute to the market's growth. According to the US Census Bureau, ~1,392,300 housing units were completed in 2022, which is 3.8% greater than the 2021 figure of 1,341,000 housing units.

Moreover, increasing support from the governments of countries in North America for advanced infrastructural setup and rising investment in the construction sector are driving the piling machines market. For instance, according to the USAFacts, ~41% of federal transportation and infrastructure spending was on highway transportation, and 19% was for rail and mass transit in 2021. Further, the increasing construction of industrial projects such as power transmission plants, wind farms, solar power plants, and manufacturing plants is surging the use of piling machines.

Piling Machines Market Regional Insights

The regional trends and factors influencing the Piling Machines Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Piling Machines Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Piling Machines Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Piling Machines Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Piling Machines Market are:

1. Junttan
2. Bauer
3. Liebherr-Werk Nenzing GMBH
4. Soilmec
5. Casagrande and Hutte
6. Comacchio

Disclaimer: The companies listed above are not ranked in any particular order.

 

Piling Machines Market News and Recent Developments

The piling machines market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

• In January 2023, Junttan Oy has acquired Junttan UK. Junttan UK is based in Newark, UK, and has been Junttan’s authorized distributor since 1996. By combining the resources and expertise of the two companies, the company will have a strong team with high expertise and will further develop our local operations to meet Junttan customers’ needs. (Source: Junttan Oy, Press Release)
• In October 2022, Liebherr reveals the latest generation of duty cycle crawler cranes with the brand-new HS 8070.1. The machine has a lifting capacity of 70 tonnes and is the first choice for a multitude of applications: material handling, deep foundation or lifting work. Using the new jack-up system, the crawlers can be easily disassembled for transportation, so reducing the transport weight to less than 35 tonnes. The platforms and railings must no longer be removed before transportation. (Source: Liebherr, Press Release)

Piling Machines Market Report Coverage and Deliverables

The “Piling Machines Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

• Piling machines market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Market dynamics such as drivers, restraints, and key opportunities
• Piling machines market trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Piling machines market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
• Piling machines market landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
• Detailed company profiles