(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Piling Machine Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Piling Machine Market products.
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REPORT HIGHLIGHT
The piling machine market was valued at USD 4.75 billion by 2017, growing with 4.5% CAGR during the forecast period, 2018-2025.
Market Dynamics
A Pilling machine is an equipment which is driven to the ground in order to either create a foundation for buildings or construction or can also be used to drill or rig in certain areas. It can be used in various segments right from construction, railways to rigs and more. The piling machine market is expected to grow significantly owing to a number of contributing factors. Rapid industrialization and growth of the construction industry are major factors for growth.
An article in the Construction business owner, 2018, highlighted that the growth of the construction was 3% and there would be room for expansion as well. This will consequently further enhance the growth of this market. An increase in the mining activity in South Asian countries has also resulted in the piling machine market growth. Since mining uses piling machines, a steady growth in mining activities have resulted in growth of piling industry. One of the biggest growth contributors for this industry is its application in wind turbines. With growth and development, the world is looking at greener alternatives for energy. Wind turbines are an exponentially growing segment. The restraining factor for this machine is its demand for expertise in using the machine.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Product Takeaway
The product segment is categorized into Impact Hammers, Vibratory Drivers, and Rigs. Pilling rigs are known to be one of the fastest growing segments among all others. This is due to its ability to perform various functions such as screw drilling, boring and grouting. Due to its flexibility in terms of the number of attachments that can be used such as screw drills, vibrator hammers, this tool can be of multipurpose usage.
Application Takeaway
The basic applications for piling machinery are in fields like construction, railways, civil, utilities. This machine can be used for a variety of applications ranging from hydraulic drilling to mining activities. Impact-driven machines are amongst the most popular ones. These are beneficial especially for tall high rise buildings. Impact-driven piling is done using compressors, hydraulic systems, etc.
There is an expected rise in the Drilled Percussive method in the years to come. This is owing to the fact that it is a much cheaper and reliable alternative for the drilling scenario. Another major application of the Drilled Percussive machine is to drill holes for water wells, this has been gaining popularity in recent years, resulting in rising in the Drilled Percussive piling method
Regional Takeaway
The largest when it comes to the piling machines market is the Asia Pacific sectors. As per an article in the NBM Media website, the market potential has attracted players such as ThyssenKrupp Bautechnik in India. It suggests that the demand for foundation equipment in India has growth 25-30% year on year basis. This will impact the piling industry as it is closely tied up with the construction industry. Regions such as Saudi Arabia, where the naturally existing solar resources are used extensively, and the piling machine can be of great use. Countries like Peru and China are known for their mining activities, thus witnessing a growth in the piling machines as well. Solimec a North American company is one of the leaders when it comes to R & D activities in the piling machinery segment.
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Key Vendor Takeaway
The market players that are significant for this industry are Spadina Piling Equipment,Casagrande S.p.a, Bermingham Foundation Solutions, RTG Rammtechnik GmbH,Watson, Inc.,BSP International Foundations, Ltd.,Kencho Kobe Co., Ltd.,BAUER-Pileco,Tescar,Sinovo. A company like Bauer India has been organizing Geotechnical conferences to increase awareness. Soilmec has one of the largest market presence in India. Casagrande has developed facilities and are now located across the U.S., India, and the Middle East. The company mass-produced over 20,000 foundation equipment for the construction category.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year – 2014 & 2016
Base Year – 2017
Estimated Year – 2018
Projected Year – 2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Vibratory Drivers
Impact Hammers
Rigs
MARKET, BY METHOD
Drilled Percussive
Rotary Bored
Air Lift Reverse Circulation Drilling (RCD)
Impact Driven
Auger Boring
Continuous Flight Auger (CFA)
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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