Market Research Report
Piling Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Piling Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: November 10, 2021
IMARC Services Private Limited
Content info: 146 Pages
Delivery time: 2-3 business days
The global piling machine market grew at a CAGR of around 5% during 2015-2020. A piling machine is a piece of mechanical equipment used to place piles and poles in the ground for supporting constructions. It is commonly used for drilling in grounds with silty clay and sandy soil and includes an impact hammer and a long, columnar and extendable component, or pile, manufactured with steel, timber or reinforced concrete. It can perform auger boring, drilled percussion, impact-driven and rotary boring piling. The machine is widely used for the construction of bridges, water tanks, foundation reinforcement and diaphragm walls in residential and commercial complexes. Apart from this, it is also used in densely populated areas to excavate or drill the soil with minimal vibrations and dispersion of dust.
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of piling machines for the installation of wind turbines in loose soil is also driving the market growth. Governments of both developed and emerging economies are promoting the installation of offshore wind turbines for improved electricity generation, which is leading to the increasing utilization of these machines for underwater piling operations. Additionally, various technological advancements, such as the development of machine variants with low-noise and low-emission features, are acting as other major growth-inducing factors. Equipment manufacturers are also replacing diesel hammers with hydraulic variants to mitigate adverse environmental impacts. Other factors, including extensive infrastructural developments, along with significant growth in the metal mining industries, are anticipated to drive the market further. Looking forward, IMARC Group expects the global piling machine market to exhibit moderate growth during the next five years.