Piling Machine market size is forecast to reach US$5.8 billion by 2027, after growing at a CAGR of 3.1% during 2022-2027. Piling machines are used to drive piles and make drills into the ground to provide foundational support for various infrastructure structures such as bridges, buildings, and others. Hydraulic hammer or hydraulic system is an advanced piling system with low noise and vibrations.
Piling Machine Market
Piling Machine market size is forecast to reach US$5.8 billion by 2027, after growing at a CAGR of 3.1% during 2022-2027. Piling machines are used to drive piles and make drills into the ground to provide foundational support for various infrastructure structures such as bridges, buildings, and others. Hydraulic hammer or hydraulic system is an advanced piling system with low noise and vibrations. A vibratory pile driver is a machine that installs piling into the ground by applying a rapidly alternating force to the pile. Rapid urbanization along with the growing number of infrastructure projects in developing nations is one of the major factors driving the market for piling machines during the forecast period. According to the U.S. Census Bureau, Construction spending during July 2021 was estimated at a seasonally adjusted annual rate of US$1,568.8 billion, which is above the revised June estimate of US$1,563.4 billion. The growing oil & gas extraction activities along with increasing mining of different materials such as coal, copper, and metals among others are also supporting the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic is impacting different industries; one of the few industries that were primarily hit to some extent was the construction industry. The demand for the Piling Machine is low during the covid-19 crises. The delay in manufacturing activities and construction activities in both developed and developing nations impacted the market growth for piling machines during covid-19. However, the piling machine industry faced problems related to the lack of workforce, and lack of raw materials supply among others.
Report Coverage
The report: “Piling Machine Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the Piling Machine industry.
By Product Type: Diesel Hammer, Vertical Travel Lead Systems, Hydraulic Hammer, Hydraulic Press-in, Vibratory Pile Driver, Piling Rig, and Others.
By Piling Method: Impact Driven, Drilled percussive, Rotary bored, Air-lift RCD rig, Auger boring, Continuous flight auger, and Others.
By End-Use Industry: Construction (Residential Constructions, Commercial Constructions, and Industrial Constructions), Oil and Gas, Civil Engineering, Mining, Railways, Agriculture, and Others.
By Distribution Channel: Direct Sales and Indirect Sales.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa).
Key Takeaways
The Asia Pacific is expected to register the highest CAGR of 3.9% during the forecast period (2022-2027). Rapid urbanization, emerging economies, and increasing construction activities are the major factors driving the market growth.
The piling rings segment is expected to hold a major market share between the forecast period 2022-2027.
Development of the mining sector in Peru and Chile, due to abundant reserves of minerals, such as gold and copper, is estimated to drive the market during the forecast period.
Piling Machine Market Segment Analysis - By Product Type
The piling rings segment accounted for approximately 36% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Piling rings are used for different applications, such as foundation reinforcement, cast-in piles, and installing diaphragm walls among others. Piling rings can perform auger boring, drilled percussion, impact-driven, and rotary boring piling activities. Piling rings are utilized to dig within the earth’s subsurface, making of the water wells, oil wells, or natural gas extraction wells, and to install sub-surface fabrications among others. Hence the growing demand from different end-use industries such as construction, oil &gas, marine, and mining among others are driving the market for the piling rings segment during the forecast period. According to the data published by U.S. Energy Information Administration, the country produced approximately 12.29 million barrels of crude oil per day in 2019, 11.28 million barrels in 2020.
Piling Machine Market Segment Analysis - By End-Use Industry
The construction segment accounted for approximately 28% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. The growing number of infrastructure projects such as metro rail, and bridges in developing nations is driving the market growth for the construction segment. Piling machines are used for drilling activities in the soil in the construction industry. According to the data published by FDI India, Indian real estate attracted approximately US$5 billion in institutional investments in 2020, and they also mentioned that Institutional real estate investments in India increased by 21% in the first quarter (2021) to US$922 million. According to the facts published by the Government of the UK, the country is planning to invest approximately US$741 billion under the National Infrastructure and Construction Program in both private and public projects over the next decade. Hence the growing investments in the construction industry is driving the market growth for piling machines during the forecast period.
Piling Machine Market Segment Analysis - By Geography
Asia Pacific region held a significant share in the Piling Machine market in 2020, up to 42%, owing to the rapid growth in construction, mining and agriculture activities in the region. The presence of developing nations such as India and China is driving the market growth in the region. The increasing commercial constructions such as complexes, hospitals, hotels and restaurants, and retail spaces is driving the regional growth during the forecast period. According to the 2021 World Investment Report published by UNCTAD, FDI inflows into China increased by 6% in 2020, to USD 149 billion, up from USD 141 billion in 2019. According to FDI India, approximately US$26.08 billion FDI equity Inflows in Construction Development during April 2000 – March 2021. The Middle East and Africa region are expected to hold a significant share in the global market due to the presence of oil reserves in the region. According to US Energy and Information Administration, Saudi Arabia holds approximately 15% of the world’s proved oil reserves and also is the largest exporter of crude oil in the world. The country maintains the world’s largest crude oil production capacity at nearly 12 million barrels per day.
Piling Machine Market Drivers:
Growing demand from the construction industry
Piling forms the very basis of construction and provides the support needed for any kind of structure. Piling is a technique that sets deep foundations for any form of construction work, such as buildings. So piling machines are used for piling activities. According to the Associated General Contractors (AGC), the Construction industry is a significant contributor to the U.S. economy, and the U.S. Construction has more than 7 million employees and creates nearly $1.4 trillion worth of structures each year. The National Development and Reform Commission of China planned to build infrastructure projects in China and approved a total investment of CNY 485 billion (~USD 72 billion) in January 2019 for the construction of seven projects. India has a total of US$1.4 trillion infrastructure investment budget under the National Infrastructure Pipeline (NIP). These are some of the major factors driving the market for piling machines globally.
Piling Machine Market Challenges:
Rising concerns towards high noise and vibration of piling machines
Piling Machines create huge noise and vibration during piling activities at construction, marine, and mining sites. Underwater piling operations create severe vibration cause adverse effects on marine life. Governments across the globe also implementing stringent noise and vibration control norms in residential areas and offshore locations. According to the National Environment Board no.15 BE.2540 (1997) in the topic of “Standard loudness”, the average sound 24 hours must not exceed 70 dBA and the maximum peak level must not exceed 115 dBA. High vibration levels may cause structural damage to buildings, bridges, and structures. According to the National Environment Board Announcement No. 37, BE 2553 (2010), the determination of standard vibration to prevent impact on buildings and the measuring instruments need to comply with DIN45699-1. These are some of the norms restraining the market growth during the forecast period.
Piling Machine Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Piling Machine market. Major players in the Piling Machine market include
Atlas Copco
BAUER Aktiengesellschaft
BSP International Foundations
Soilmec S.p.A.
Casagrande Group
Bauer Group
International Construction Equipment
Liebherr
Junttan Oy
DELMAG GmbH & Co. KG
Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd.
MAIT S.p.A.
Other Companies
Recent Developments
In March 2021, Sany India, a global leader in the CE Industry has launched it's first 'Made in India' Piling Rig, 'SR235' for the Indian market. The new SR235's product is designed for all difficult applications from soft soil to hard rock.
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