The global Piling Machine market size is expected to be worth around US$ 7.72 billion by 2030, according to a new report by Vision Research Reports.
The global Piling Machine market size was valued at US$ 5.08 billion in 2020 and is anticipated to grow at a CAGR of 3.10% during forecast period 2021 to 2030.
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Growth Factors
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.
Report Highlights
Piling rigs held the largest share of 40.52% in 2020. They are finding increasing applications on account of the high flexibility involved with the machine. These products can be used for a wide range of applications, such as foundation reinforcement, cast-in piles, and installing diaphragm walls. The growing popularity of piling rigs on account of the flexibility of attaching vibratory hammers, screw drills, and impact hammers is anticipated to fuel the segment growth over the forecast period.
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 vertical travel lead systems are used on every crane type in the range of 40-ton truck cranes to over 300-ton crawler cranes. In addition, the vertical lead systems are connected to the boom using a sliding connection, which allows the lead to be lowered or elevated below grade. This system was developed in the 1960s as a solution to the swinging lead or fixed lead systems.
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.
The impact driven segment held the largest share of 29.71% in 2020. 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.
The latest trend in piling has been the development of driverless piling machines, which can accurately detect and install piles as required. These are particularly useful in setting up wind and solar farms, which require precision installation for optimum performance. The growing application of laser transmitters and receivers for improving accuracy is expected to fuel the demand for other piling machines over the forecast period.
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.
Asia Pacific held the largest share of 42.28% in 2020. China led the Asia Pacific market in 2020 owing to the increasing need for residential and commercial buildings to cater to the growing population. The rising commercial construction of industrial facilities, complexes, hospitals, hotels and restaurants, and retail spaces to cater to the growing demand is expected to support the growth of the construction industry and drive the demand for piling machines.
Factors such as improved GDP, significant population growth, and the expanding industrial sector are likely to boost the growth of India’s construction industry. 100% FDI in the Indian construction industry is expected to drive foreign investments, thereby stimulating market growth. Government initiatives for developing smart cities are expected to further fuel the growth of the construction industry, thus stimulating the product demand.
Russia witnessed a significant boost in infrastructure development in 2017 owing to Formula 1 race and FIFA Football World Cup that was held in the country in 2018. Since infrastructure development is vital to the economy, the government planned to invest USD 364.4 billion in the Development of Transport System of Russia Program by 2020. This, in turn, is expected to create opportunities for piling machine manufacturers over the forecast period.
Under the National Development Plan, the Mexican government initiated the National Infrastructure Program (PNI) to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitiveness in the construction industry. The program is anticipated to increase the overall standard of living in Mexico, thus augmenting the product demand for new constructions in the residential sector.
Key Players
Market Segmentation
Key Points Covered in Piling Machine Market Study:
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