Piling machines are heavy construction equipment widely used for soil investigation and installing foundation piles and sheet piles. The demand for piling machines has substantially increased with the rising number of infrastructure projects across the globe. Piling machines offer efficient installation of foundation piles with minimum disturbances and vibrations. They undertake tasks like drilling the hole, placing of reinforcements, inserting piles at required depth and level.
The global Piling Machine Market is estimated to be valued at US$ 1484.7 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Adoption of automated piling machines has increased considerably over the past few years. Major piling machine manufacturers have introduced machine automation technologies like integrated automated drilling, advanced pile installation, and autonomous machine operations. Automated piling machines with advanced sensors and navigation systems ensure maximum accuracy and precision during pile installation. They reduce dependency on skilled labor and improve overall work efficiency. Growing construction of complex infrastructure projects is a key factor driving the demand for automated piling machines. Manufacturers are actively investing in R&D to develop advanced autonomous piling machines with improved capabilities. This rising implementation of automation technologies is expected to remain a key trend in the piling machine market during the forecast period.
Segment Analysis
The global piling machine market is segmented based on product type, application and geography. By product type, the driven piling machines segment holds the largest market share and is expected to continue dominating the market over the forecast period. Driven piling machines are frequently used as they enable fast installation of piles of varied cross-sections in multiple soil conditions. They are suitable for a variety of projects such as railways, bridges and building structures. By application, the building and construction segment holds the largest share as piling machines are extensively used in construction activities such as excavating, installing foundation piles and other underground engineering works.
Key Takeaways
The global Piling Machine Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. The global Piling Machine Market is estimated to be valued at US$ 1484.7 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period 2023 to 2030.
Regional analysis shows that Asia Pacific dominates the market currently and is expected to continue its lead through 2030. Rising infrastructure development activities in countries such as China and India are driving the demand for piling machines in the region.
Key players operating in the piling machine market are BSP International Foundations, MAIT S.p.A., Soilmec S.p.A., Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd., Casagrande Group, DELMAG GmbH & Co. KG, Bauer Group, Junttan Oy, International Construction Equipment, and Liebherr. BSP International Foundations holds a significant market share due to its extensive product portfolio and global presence. DELMAG GmbH & Co. KG is also a leading player known for technologically advanced piling machines.
For more insights, read- https://www.ukwebwire.com/piling-machine-market-trends-size-and-share-analysis/
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