Piling Machine Global Market Report 2024

A piling machine is a piece of equipment utilized in foundation engineering work that employs the method of repeatedly dropping a substantial weight onto the pile's head or utilizing a steam hammer to drive the pile into the ground. This process involves the piling of materials or the creation of heaps, contributing to the construction of foundations in engineering projects.

The major product types of piling machines include impact hammers, vibratory drivers, piling rigs, and other related products. Impact hammers are equipment that involves mechanically or hydraulically raising a large ram weight to a specific height (referred to as a "stroke") before dropping it onto the pile's head. Various piling methods are employed in civil engineering, oil and gas, industrial construction, and other applications. These methods include impact driven piling, drilled percussive piling, rotary bored piling, air-lift RCD rig piling, auger boring, continuous flight auger piling, and other techniques used for different types of construction projects.

The piling machine market research report is one of a series of new reports from The Business Research Company that provides piling machine market statistics, including piling machine industry global market size, regional shares, competitors with a piling machine market share, detailed piling machine market segments, market trends and opportunities, and any further data you may need to thrive in the piling machine industry. This piling machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The piling machine market size has grown steadily in recent years. It will grow from $4.63 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. Historical growth can be attributed to the expansion of global construction activities, the increased demand for piling machines, adherence to industry standards and practices, and the influence of environmental regulations.

The piling machine market size is expected to see steady growth in the next few years. It will grow to $5.86 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. Anticipated growth in the forecasted period is fueled by urbanization trends, governmental policies, economic expansion, growing investments in piling machine infrastructure, and population growth. Major trends expected during this period include the rise of autonomous machines, integration of smart technology, the emergence of transmission piling machines, and increased adoption of advanced technologies.

The global expansion of the construction industry is anticipated to propel the piling machine market. Construction activities involve the planning, development, and building of structures using various construction materials. Piling machines play a crucial role in these activities by employing vertical vibrations to embed sheet piles and pipes during the construction of buildings, commercial offices, and industrial projects. For example, a report from The Office for National Statistics in November 2022 highlighted significant growth (15.3%) in the value of new construction projects in Great Britain, reaching $140 million in 2021. This growth was primarily driven by a 30.5% increase in new orders to $88,037 million, led by the private industrial, private dwelling, and private commercial sectors. This surge in construction activity globally is a key driver fueling the growth of the piling machine market.

The escalating investment in infrastructure projects is poised to drive the growth of the piling machine market in the coming years. Infrastructure projects encompass large-scale initiatives involving the planning, design, construction, and maintenance of essential physical and organizational structures crucial for the proper functioning of a society, economy, or region. The utilization of piling machines in such projects offers several advantages, including enhanced foundation support, increased load-bearing capacity, improved time efficiency, adaptability to different soil conditions, and enhanced safety. These benefits contribute significantly to the success and sustainability of construction projects overall. As of May 2023, the Office for National Statistics reported a 15.2% increase in UK general government infrastructure spending in 2021, amounting to $23.8 billion. Additionally, according to a report from USA Facts, spending on infrastructure and transportation in the United States is projected to be 21% higher in 2022. Consequently, the increasing investment in infrastructure projects stands as a key driver propelling the piling machine market.

The piling machine market is witnessing a significant trend driven by technological advancements, where leading industry players are actively introducing innovative piling technologies to maintain their market standing. Notably, in January 2022, High-Speed Two (HS2) Limited, a UK-based company specializing in high-speed rail networks, successfully trialed the Hollow-Impressed Precast Energy-Reusable Pile (HIPER). This pioneering piling technology offers a sustainable alternative by replacing traditional solid concrete foundation piles with recyclable hollow piles crafted from scrap steel. HIPER's innovative approach significantly reduces the carbon-intensive content of cement by as much as 70%, marking a greener and more environmentally friendly option for the industry.

Prominent enterprises within the piling machine market are actively innovating by introducing novel offerings such as fuel-efficient piling rigs, aiming to secure a competitive advantage. These specialized construction machines, designed specifically for installing vertical structural elements known as piles to support various structures, are witnessing advancements. For example, in February 2023, Eimco Elecon (India) Limited, a leading India-based heavy engineering equipment manufacturer, unveiled the EC 216. This rig series incorporates cost-effective, easily interchangeable rotational internal components, emphasizing reliability, productivity, and fuel efficiency. The rigs' features, including three rotational speeds, an anti-shock system, and a high torque to weight ratio, significantly contribute to enhanced productivity and reduced fuel consumption. Leveraging the renowned Zaxis 370 base, these rigs ensure exceptional performance and stability during installation. With its adaptable three rotating speeds, the EC 216 demonstrates versatility across various drilling applications, efficiently handling diverse soil and rock strata.

In July 2021, BPH Attachments, a specialized UK-based hydraulic attachment industry player, successfully completed the acquisition of RTS Piling for an undisclosed sum. This strategic move not only provides BPH Attachments with an additional depot in Somerset, proximate to Shepton Mallet, but also complements its existing operations in West Sussex and Leicestershire. The acquisition aims to broaden BPH Attachments' product offerings, enhancing its position in the market. Additionally, the expansion into Somerset includes plans to augment servicing and repair capabilities at the facility. RTS Piling, a prominent US-based supplier of piling hammers, aligns seamlessly with BPH Attachments' strategic growth objectives.

Major companies operating in the piling machine market report are China National Machinery Industry Corporation (SINOMACH), Liebherr-International AG, Atlas Copco AB, Epiroc AB, Bauer Maschinen GmbH, Vermeer Corporation, Soilmec S.p.A., Casagrande Group, Dawson Construction LLC, Changsha Tianwei Engineering Machinery Manufacturing Co. Ltd., International Construction Equipment Inc., Bay Shore Systems Inc., Watson Drill Rigs, Junttan Oy, MAIT S.p.A., SINOVO Heavy Industry Co. Ltd., CZM Foundation Equipment, Geax Srl, TEI Rock Drills, ABI Equipment Limited, Eurodrill GmbH, J&M Foundation Equipment, Sunward Intelligent Equipment Group, BSP International Foundations Ltd., DELMAG GmbH & Co. KG, PVE Equipment USA Inc., IMT S.p.A., Joseph Cyril Bamford Excavators Ltd., Orteco Srl, Tescar Srl

Asia-Pacific was the largest region in the piling machine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the piling machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the piling machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The piling machine market consists of sales of diesel hammers, vertical travel lead systems, and hydraulic hammers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Piling Machine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on piling machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for piling machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The piling machine market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Impact Hammer; Vibratory Drivers; Piling Rigs; Other Products
• 2) By Piling Method: Impact Driven; Drilled Percussive; Rotary Bored; Air-lift RCD Rig; Auger Boring; Continuous Flight Auger; Other Piling Methods
• 3) By Application: Civil Engineering; Oil And Gas; Industrial Construction; Other Applications
• Companies Mentioned: China National Machinery Industry Corporation (SINOMACH); Liebherr-International AG; Atlas Copco AB; Epiroc AB; Bauer Maschinen GmbH
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.