North America Piling Machine Market Size, Share & Trends Analysis Report By Product (Impact Hammer, Vibratory Drivers), By Pilling Method (Impact Driven, Drilled Percussive), By Country (U.S., Canada), And Segment Forecasts, 2024 - 2030

North America Piling Machine Market Size, Share & Trends Analysis Report By Product (Impact Hammer, Vibratory Drivers), By Pilling Method (Impact Driven, Drilled Percussive), By Country (U.S., Canada), And Segment Forecasts, 2024 - 2030

North America Piling Machine Market Growth & Trends

The North America piling machine market size is expected to reach USD 1.21 billion by 2030, growing at a CAGR of 3.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The region's increasing residential, commercial, and industrial infrastructure and redevelopment projects are driving the demand for piling machines.

Government investment in renewable energy is propelling market growth. In November 2023, the U.S. government announced the largest offshore wind farm project, generating 2600 MW of wind energy. The construction is expected to increase the demand for piling machines for offshore pile driving.

The exploration and development of oil and gas reserves contribute to North America's demand for piling machines. Piling machines are essential for constructing foundations for offshore platforms, pipelines, refineries, and other oil and gas infrastructure projects. With North America being a significant oil and gas producer, particularly in regions such as the Gulf of Mexico and Alberta's oil sands, the demand for piling machines remains strong to support the expansion and maintenance of the region's energy infrastructure.

Furthermore, the growing trend of waterfront revitalization projects drives demand for piling machines in North America. Many cities and municipalities invest in redeveloping waterfront areas to create vibrant public spaces, enhance recreational opportunities, and stimulate economic growth. Piling machines are essential for constructing waterfront structures such as boardwalks, marinas, and promenades, which stabilize shoreline erosion and protect against flooding.

North America Piling Machine Market Report Highlights

• The piling rigs product accounted for the largest revenue share of 39.5% in 2023. Piling rigs are used to create deep foundations in various soil types, providing structural rigidity to the buildings. The increasing number of high-rise buildings requiring strong foundations in the region fuels the growing demand for piling rigs.
• Continuous flight auger piling method is expected to grow at the fastest CAGR over the forecast period. The increasing need to construct high-rise buildings within cities is expected to drive this segment's growth.
• The U.S. accounted for a market share of 83.3% in 2023. The growing emphasis on renewable energy projects, particularly wind energy, fuels demand for piling machines in the U.S.
• In August 2023, Canadian airports in Toronto and Ottawa received USD 77 million in funding for cargo infrastructure projects. These funds are anticipated to provide new cargo infrastructure facilities to these airports, boosting cargo operations and generating higher revenue.

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