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Piling Machine Market
Focus on Expansion of transportation Infrastructure Worldwide Driving Piling Machine market Growth: Fact Report
ROCKVILLE, MD, UNITED STATES, January 13, 2025 /EINPresswire / -- The global piling machine market , estimated at US$ 5.42 billion for 2024, is projected to expand at a CAGR of 4.4% from 2024 to 2034, according to a new report by Fact.
The
construction sector is recording stable progress owing to the high rate of urbanization and the increasing demand for rails, roads, and infrastructural development as a result of an increase in population across the world. A piling machine serves as construction equipment employed to firmly implant piles into the soil, providing crucial foundational support for structures such as buildings and bridges.
Moreover, governments across the world are focusing on expansion of transportation substructures, which is set to drive the demand for piling machines over the coming years.
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Key Takeaways from Market Study:
The global piling machine market stands at US$ 5.42 billion in 2024.
Demand for piling machines is projected to rise at a CAGR of 4.4% from 2024 to 2034.
The market is projected to reach US$ 8.34 billion by 2034-end.
North America accounts for 36.4% share of the global market in 2024.
Sales of piling rings are forecasted to increase at a CAGR of 4.4% from 2024 to 2034.
The market in North America is predicted to expand at a CAGR of 4.6% through 2034.
The market in East Asia is projected to advance at a CAGR of 4.6% from 2024 to 2034.
“Expanding transportation networks worldwide are fueling the adoption of piling machines for constructing overpasses, tunnels, and railway tracks. Additionally, the burgeoning interest in wind and solar farms necessitates specialized foundations, contributing to market growth,” says a Fact analyst.
Leading Players Driving Innovation 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
Government Investments in Waste Management Boosting Piling Machine Demand:
Increasing exploration of offshore oil and gas reserves drives demand for piling machines designed for marine environments. Furthermore, government investments in enhancing public infrastructure like hospitals and schools are advancing market expansion. The escalating necessity for waste management and recycling facilities is also driving the market's upward trajectory
Utilizing techniques like impact driving, vibration, or drilling, these machines securely embed piles deep into the ground, ensuring a solid base for construction projects. This method guarantees stability, especially in areas with unstable or inconsistent soil conditions. Its efficiency accelerates project timelines in contrast to manual approaches, potentially reducing long-term costs by minimizing the risk of structural issues.
In 2021, Sany Group unveiled its inaugural Indian-made piling rig, the SR235, tailored for the Indian market and engineered to handle challenging terrains ranging from soft soil to solid rock.
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Piling Machine Market News:
BSP TEX Company introduced a self-erecting piling rig that is transportable and radio-controlled in October 2022. Mounted on a JCB base unit and outfitted with a 12.5m single piling pole, the JX piling rig can drive steel, wood, or concrete piles up to 8m long.
In October 2022, ABI GmbH teamed with Trimble to launch the Trimble Ready manufacturing option for new ABI MOBILRAM-Systems and DELMAG Drill Rigs.
More Valuable Insights on Offer:
Fact, in its new offering, presents an unbiased analysis of the piling machine market for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on type (piling rigs, diesel hammers, impact hammers, vibratory hammers, pile drivers, hydraulic hammers), piling method (impact driven, auger boring, continuous flight auger, rotary bored), and end use (building & construction, infrastructure & development, oil & gas), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Check out More Related Studies Published by Fact:
Fact, in its newly published study, says that the global piling equipment and supplies market is pegged at US$ 5,362.2 million in 2024. The market is forecasted to expand at a 4.2% CAGR and reach a market value of US$ 8,091.3 million by the end of 2034.
The global construction equipment market size is poised to reach US$ 128.3 billion in 2024 and climb to a value of US$ 191.7 billion by the end of 2034. Worldwide sales of construction equipment are evaluated to rise at a CAGR of 4.1% from 2024 to 2034.
About Us:
Fact is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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