Piling Machine Market Is Likely To Up Demand At A USD 6.71 Billion By 2030

 San Francisco, 19 April 2024: The Report Piling Machine Market Size, Share & Trends Analysis Report By Product (Impact Hammer, Vibratory Drivers), By Piling Method (Impact Driven, Drilled Percussive, Rotary Bored), By Region And Segment Forecasts, 2024 - 2030

The global piling machine market is anticipated to reach USD 6.71 billion by 2030 and is anticipated to expand at a CAGR of 4.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The technological advancements in the piling machine, such as improved efficiency, reduced noise levels, and environmental considerations, are likely to drive the market over the forecast period.

The continuous economic growth in emerging economies has been driving the need for rapid urbanization and energy security. To cater to this need, there is a growing need for modern infrastructure, such as high-rise buildings and skyscrapers. Piling machines are crucial for bridge construction, providing the necessary support for bridge piers and abutments. Investments in such mega infrastructure projects have a direct positive impact on the market.

The value chain encompasses suppliers who provide hardware components such as ground-engaging tools, undercarriages, engine parts, powertrains, and hydraulics. Some of the component suppliers have been providing innovative market offerings, which play a critical role in new product development. Raw material suppliers are a crucial part of the value chain. Lack of materials or capacity from suppliers may inflate the cost of manufacturing. The procurement of these parts and materials by OEMs is influenced by cost fluctuations in energy and commodity prices.

The supply chain design in the case of piling machines is very complex. The reliance on the effective supply chain is anticipated to grow in the next few years. As a result, companies are restructuring and realigning their businesses to optimize cost structure, increase operational efficiency, reinforce competitive positioning, and hedge against potential supply chain disruptions.

Recent technological advancements, such as the integration of artificial intelligence (AI) into piling machines, have gained widespread use due to their numerous advantages. These AI-equipped piling machines enable operators to remotely oversee and manage the piling process, resulting in enhanced safety and precision. Moreover, various types of piling machines are employed for distinct foundation tasks, encompassing drilling rigs, piling rigs, and piling machines. AI-driven piling rigs and drilling equipment exhibit superior speed and efficiency compared to conventional machinery, thereby reducing the time required for foundation work.

For the market, the threat of substitutes has remained on the lower side due to the specialized nature of piling equipment and the limited alternatives available for deep foundation construction. While piling machines are the standard for deep foundation construction, alternative piling methods exist, but these methods are mostly used on specific project requirements.

Access Research Report of Piling Machine Market @ https://www.grandviewresearch.com/industry-analysis/piling-machines-market

Piling Machine Market Report Highlights

• The piling rigs segment led the market and accounted for 41.1% of the global piling machine industry in 2023. They are expected to grow at a significant CAGR over the forecast period, as they are used in industrial facility construction, including factories and warehouses to establish a strong foundation for heavy structures and equipment. In addition, piling rigs are utilized to create walls to prevent soil erosion and improve soil stabilization.
• The impact hammer segment is likely to grow at the second highest pace over the forecast period, as they are used in the construction of civil engineering projects such as dams, flood control structures, and hydroelectric power plants across the globe. They are used to create a stable foundation that can withstand high hydraulic pressure and generate electricity.
• The impact driven segment accounted for largest market revenue share in 2023 for the market globally, owing to the combination of correct-sized hammers, this method is an efficient way of completing deep penetration into hard soils in most conditions. Further, the stroke and blow rate of the pile are easily adjustable to optimize pile driving in all conditions.
• The continuous flight auger (CFA) is likely to witness the highest CAGR over the forecast period, as CFA process is suitable for construction projects with unstable soil conditions, especially in sites located near existing buildings, on account of its ability to generate low noise and vibrations. Furthermore, this method is an efficient solution for light-loaded structures.
• Asia Pacific dominated the market in 2023 and is expected to grow at the fastest CAGR over the forecast period, as the expansion of commercial, residential, and industrial operations as a result of Asia Pacific's sustainable economic growth is predicted to promote construction activity, thus propelling market growth over the forecast period.
• The Europe market accounted for the second largest market share in 2023, owing to the increasing construction of alternative energy sources to reduce reliance on conventional crude oil, natural gas, and coal, which has paved the way for the installation of wind turbines and renewable energy production facilities in the region.
• In June 2023, Junttan Oy expanded its product range from pile driving and drilling applications to vibratory hammers in June 2023. The new products will reinforce the company's position as a full-service provider of tubular and H-steel pile driving and extraction solutions, as well as sheet pile driving applications.

Piling Machine Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 5,244.0 million
Revenue forecast in 2030	USD 6.71 billion
Growth rate	CAGR of 4.2% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players in the Piling Machine Market

• Casagrande S.p.a
• WATSON DRILL RIG
• BSP TEX
• BAUER Group
• TONTI TRADING S.R.L.
• Beijing SINOVO International (SINOVO Heavy Industry Co., Ltd.)
• International Construction Equipment
• ABI Maschinenfabrik und Vertriebsgesellschaft mbH
• Epiroc AB
• Fundex Equipment
• Dieseko Group
• MKT Manufacturing Inc.
• IQIP
• XCMG Group
• Junttan Oy
• Sany Group
• Liebherr-International Deutschland GmbH
• Soilmec S.p.A
• Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd
• Kejr, Inc.

Access Press Release of Piling Machine Market @ https://www.grandviewresearch.com/press-release/global-piling-machines-market