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Report Overview
The global Piling Machine market was valued to reach a market size of USD 5.25 Billion in 2023. The industry is expected to grow at a CAGR of 3.60% during the forecast period of 2024-2032. The growing demand for the identification of noise sources and sound quality analysis across industries, including automotive, aerospace, and consumer electronics, to enhance the performance and compliance of their products is a key driver of the Piling Machine market, thus aiding the market to attain a valuation of USD 7.22 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The demand for piling machines is being driven by the ongoing investment of more than USD 619.52 billion in construction projects across the United States, China, and India. Piling machines are very important for deep foundation work, which allows for the construction of large buildings, bridges, and other infrastructure that needs stable, long-lasting foundations, thus boosting the growth of the piling machine market.
- The private sector has invested USD 2,580.78 million in the infrastructure of India in the year 2022, which directly relates to piling machines and their necessity. With large-scale road construction projects, the machines provide foundational support for roads, highways, and bridges for structural integrity, thus facilitating India's growing infrastructure development.
- The fast expansion of national highways in India and the number of multi-lane roads has increased the demand for piling machines. These are required to strengthen the foundation of roads to support heavier loads of traffic, enhance durability, and ensure long-term performance, thereby supporting India's growth in transportation infrastructure.
Piling Machine Market Growth
Major driver for the piling machine market is the increasingly growing infrastructural development requirements, especially in respect to urbanisation, and high scale construction. For example, fast expansion of the metro rail system has increased the demand for heavy-duty piling equipment, which is required to support deep foundation work at underground stations and tunnels, like in New Delhi, India. Likewise, mega-projects of Burj Khalifa in Dubai increase the demand for heavyweight machinery like piling machines to get stability during the high-rise construction of buildings.
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 market reached an approximate value of USD 5.25 Billion.
The piling machine market is assessed to grow at a CAGR of 3.60% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.22 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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124