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Report Overview
The global piling machine market value reached USD 5.25 billion in 2023. The piling machine industry is expected to grow at a CAGR of 3.6% in the forecast period of 2024-2032 to attain USD 7.26 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The investment in regions such as the United States, China and India is more than USD 619.52 billion in construction. On-going infrastructural development is fueling the demand for piling machines to be used in the foundational work of such buildings.
- An investment of USD 2,580.78 million by the private sector in infrastructure projects in India in 2022 shows that the demand for piling machines is on a rise to support large-scale road construction and development.
- The boom in National Highways across India, disproportionate increase in multi-lane roads, boosts the demand for piling machines in building and strengthening road foundations.
Global Piling Machine Market Analysis
The piling machine industry experienced pressure from several factors during the last five years, which included rising environmental legislations, noise and vibration problems, and efficiency growth. Strong responses have been witnessed among the leading players through the advancement of machines that are quieter, less vibrating, eco-friendly, and energy efficient, thereby boosting the piling machine demand. Further, use of advanced automation and digitalization towards high precision and productivity has been encouraged among the producers. Its collaboration with renewable energy sectors, like wind farms, further strengthens the growth and adoption of innovative piling solutions in the market.
Piling Machine Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global piling machine industry attained a value of nearly USD 5.25 billion.
The global piling machine market is assessed to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 7.26 billion by 2032.
The major drivers of the market include rising mining and construction activities, surging population levels, and rapid urbanisation.
The key trends guiding the market are rapid infrastructural development, the introduction of favourable government initiatives aimed at improving infrastructure, and the robust growth of the mining sector.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the product, the market is divided into impact hammer, vibratory drivers, piling rigs and others.
The different segments based on method considered in the market report are impact driven, auger boring, rotary bored, continuous flight auger, drilled percussive, and air-lift RCD, among others.
The market's key players are Casagrande Group, Soilmec S.p.A., Liebherr-International Deutschland GmbH, and Junttan Oy, amongst others.
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