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| Piling Machine Market |
Piling machines are heavy construction equipment widely used for soil investigation and installing foundation piles and sheet piles. The demand for piling machines has substantially increased with the rising number of infrastructure projects across the globe. Piling machines offer efficient installation of foundation piles with minimum disturbances and vibrations. They undertake tasks like drilling the hole, placing of reinforcements, inserting piles at required depth and level.
The global
Piling Machine Market is estimated to be valued at US$ 1484.7 Mn in 2023 and is expected to exhibit a CAGR of 14% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Adoption of automated piling machines has increased considerably over the past
few years. Major piling machine manufacturers have introduced machine
automation technologies like integrated automated drilling, advanced pile
installation, and autonomous machine operations. Automated piling machines with
advanced sensors and navigation systems ensure maximum accuracy and precision
during pile installation. They reduce dependency on skilled labor and improve
overall work efficiency. Growing construction of complex infrastructure
projects is a key factor driving the demand for automated piling machines.
Manufacturers are actively investing in R&D to develop advanced autonomous
piling machines with improved capabilities. This rising implementation of
automation technologies is expected to remain a key trend in the piling machine
market during the forecast period.
Segment
Analysis
The global piling machine market is segmented based on product type,
application and geography. By product type, the driven piling machines segment
holds the largest market share and is expected to continue dominating the
market over the forecast period. Driven piling machines are frequently used as
they enable fast installation of piles of varied cross-sections in multiple soil
conditions. They are suitable for a variety of projects such as railways,
bridges and building structures. By application, the building and construction
segment holds the largest share as piling machines are extensively used in
construction activities such as excavating, installing foundation piles and
other underground engineering works.
Key Takeaways
The global Piling
Machine Market Growth is expected to witness high growth over the
forecast period of 2023 to 2030. The global Piling Machine Market is estimated
to be valued at US$ 1484.7 Mn in 2023 and is expected to exhibit a CAGR of 14%
over the forecast period 2023 to 2030.
Regional
analysis shows that Asia Pacific dominates the market currently and is expected
to continue its lead through 2030. Rising infrastructure development activities
in countries such as China and India are driving the demand for piling machines
in the region.
Key players operating in the piling machine market are BSP International
Foundations, MAIT S.p.A., Soilmec S.p.A., Changsha Tianwei Engineering
Machinery Manufacturing Co., Ltd., Casagrande Group, DELMAG GmbH & Co. KG,
Bauer Group, Junttan Oy, International Construction Equipment, and Liebherr.
BSP International Foundations holds a significant market share due to its extensive
product portfolio and global presence. DELMAG GmbH & Co. KG is also a
leading player known for technologically advanced piling machines.
For more insights, read- https://www.ukwebwire.com/piling-machine-market-trends-size-and-share-analysis/
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