Piling Machine Market Size Is Expected To Reach USD 6.72 Billion By 2028
Piling Machine Industry Overview
The global piling machine market size is expected to reach USD 6.72 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2021 to 2028. The development of privately-owned construction firms in the UAE, India, and China is anticipated to augment the spending in the construction industry, thereby surging the product demand over the coming years.
Rising concerns over the adverse effects of underwater piling operations on marine life are foreseen to result in a negative impact on the demand for vibratory driver piling machines over the forecast period. The implementation of stringent noise and vibration control norms in residential areas and offshore locations is expected to result in high R&D spending for the development of low-noise and vibration machines, which is expected to positively impact the market growth.
Favorable government incentives for the deployment of alternative energy sources in the U.S. have resulted in the increasing installation of solar farms. The rising popularity of using self-propelled pile drivers for installing foundations for solar panels is expected to fuel the demand for other piling machines, mainly driverless piling machines.
Rising concerns regarding the effects of vibrations on the marine environment during piling operations have resulted in the enforcement of stringent regulatory norms in the U.K., Germany, the U.S., and New Zealand for the protection of the aquatic ecosystem. This is expected to result in the increasing demand for systems with lower vibrations.
Piling Machine Market Segmentation
Grand View Research has segmented the global piling machine market on the basis of product, piling method, and region:
Based on the Product Insights, the market is segmented into Impact Hammer, Vibratory Drivers, Piling Rigs, and Others.
- Rising concerns over the adverse effects of underwater piling operations on marine life are foreseen to result in a negative impact on the demand for vibratory driver piling machines over the forecast period. The implementation of stringent noise and vibration control norms in residential areas and offshore locations is expected to result in high R&D spending for the development of low-noise and vibration machines, which is expected to positively impact the segment growth.
- The conventional sheet pile driving process is highly energy-intensive as well as utilizes only a fraction of the piling machine’s weight in applying the downward force. To obtain higher efficiency, robotic pile drivers such as the Romu robot designed by the engineers of Harvard University are used. This robot holds the sheet pile, lowers its chassis, and inserts the pile into the ground surface with the help of a vibratory hammer.
Based on the Method Insights, the market is segmented into Impact Driven, Drilled Percussive, Rotary Bored, Air-lift RCD Rig, Auger Boring, Continuous Flight Auger, and Others.
- Air-lift RCD rig is expected to witness significant growth over the forecast period. It uses a dual-walled drill tube to pass the debris using high-pressure air. Increasing application of air-lift reverse circulation drilling in construction activities owing to better penetration performance compared to rotary and impact boring is expected to augment the segment growth in the near future. Reverse circulation drilling is especially effective in rocky soils on account of better cutting performance compared to impact hammers.
- Stringent norms against vibrations in urban areas are expected to drive the market over the forecast period. In July 2014, Switzerland-based Liebherr Group launched a simulator for its LB 28 CFA drilling rig aimed at creating a virtual construction environment for training purposes. In April 2012, Italy-based Soilmec introduced its CFA dedicated piling machine, SF-65, in Paris, which features reduced weight, coupled with an improved mast strength over previous versions.
- Favorable government incentives for the deployment of alternative energy sources in the U.S. have resulted in the increasing installation of solar farms. The rising popularity of using self-propelled pile drivers for installing foundations for solar panels is expected to fuel the demand for other piling machines, mainly driverless piling machines.
Piling Machine Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies & Market Share Insights
Key companies have formed strategic partnerships with companies, such as Bosch Rexroth; Caterpillar; and Cummins Inc., to ensure the constant supply of components at low prices. Furthermore, the deployment of zinc-free and bio-based hydraulic oils has increased drain intervals and reduced maintenance costs of hydraulic pumps. As a result, hydraulic pumps are expected to find applications in the marine industry and are likely to promote the importance of piling machines. Some prominent players in the global piling machine market include:
- Casagrande S.p.a
- Watson Inc.
- BSP International Foundations
- BAUER Group
- TONTI TRADING S.R.L.
- Beijing SINOVO International (SINOVO Heavy Industry Co., Ltd.)
Order a free sample PDF of the Piling Machine Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
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