The Global Piling Machines Market size is expected to reach USD 6.99 Billion in 2030 and register a revenue CAGR of 3.5% over the forecast period, according to latest report by Reports and Data. Rising demand for piling machines for usage in construction industry and increasing government initiatives for infrastructure development in developed and developing countries are expected to drive market revenue growth during the forecast period. Increasing adoption of piling machines for extensive application across various industries is expected to boost growth of piling machine market in near future. Piling machines are frequently employed in construction of long-structured structures in the U.S., India, China, the UAE, and Australia, which is expected to boost demand for piling machines throughout the forecast period. Noise constraints on construction operations in urban areas are expected to drive demand for piling machines with lesser noise and vibration levels. With introduction of government tax breaks and specific renewable energy goals set by the U.S. Government, demand for wind farms is increasing, which will lead to increased demand for piling machines to install wind turbines.
However, high prices and low replacement rates are some factors that could hamper the revenue growth of market during the forecast period. Piling machinery is generally costly, which leads to several contractors preferring used machinery or rentals instead of buying new ones due. Further, piling machines have a long shelf life and are highly durable for repeated use. Therefore, manufacturers with technologically advanced and modern equipment could hamper the market revenue during forecast period.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- Liebherr-International Deutschland GmbH,
- Junttan Oy,
- The Casagrande Group,
- Soilmec S.P.A,
- Sinomach (China National Machinery Industry Corporation),
- Atlas Copco AB,
- BSP International Foundations Ltd,
- Delmag GmbH Co.KG,
- Bauer AG,
- SANY Group.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
By Product Outlook
- Impact hammer
- Vibratory Drivers
- Others
By Method Outlook
- Impact Driven
- Auger Boring
- Rotary Bored
- Others
By Application Outlook
- Civil Engineering
- Industrial Construction
- Oil and Gas
- Others
The Global Piling Machine Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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