Piling Machine Market Size, Share & Trends Analysis Report By Product (Piling Rig, Impact Hammer, Vibratory Driver), By Pilling Method (Impact Driven, Auger Boring, Continuous Flight Auger), By Region, And Segment Forecasts, 2023 - 2030

Piling Machine Market Size, Share & Trends Analysis Report By Product (Piling Rig, Impact Hammer, Vibratory Driver), By Pilling Method (Impact Driven, Auger Boring, Continuous Flight Auger), By Region, And Segment Forecasts, 2023 - 2030

Piling Machine Market Growth & Trends

The global piling machine market size is expected to reach USD 6.72 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for piling machines has primarily been driven by the expansion of global infrastructure development. Governments and private enterprises are making substantial investments in different construction projects such as bridges, tall buildings, and highways.

The piling machine industry is significantly shaped by the expansion of renewable energy projects, encompassing a wide array of initiatives aimed at harnessing sustainable energy sources such as wind, solar, and geothermal power. These renewable energy installations, particularly wind turbines, have to endure various environmental factors, including harsh wind, snow, and seismic activity. Piling machines play a crucial role in securely anchoring these installations to the ground, thereby improving their overall stability and safety.

The market has been regulated by OSHA and ANSI/SAIA (American National Standards Institute/Scaffold and Access Industry Association) Standards. These standards cover various aspects of piling machine operation, including operator training and certification, equipment inspection, and safe work practices. The market is characterized by severe competition, with a few major players and other minor suppliers offering a variety of machines. The market has been witnessing mergers and acquisitions among major firms. In addition, established players benefit from economies of scale in production. It leads to a cost advantage for new product offerings to the market.

Piling machine manufacturers have been exploring opportunities to develop environmentally sustainable piling techniques and equipment, aligning with the growing demand for eco-friendly construction practices. Different piling techniques, such as driven piles, drilled piles, and micro piles, are being used based on specific project requirements, offering a range of options for builders. High-energy impact hammers and vibratory hammers have emerged as tools to enhance the efficiency of pile installation. These approaches not only reduce the noise and vibration level but also increase the pace of the process.

Piling Machine Market Report Highlights

• Based on product, the piling rigs segment accounted for the largest revenue share of 40.9% in 2022 and is expected to grow at the fastest CAGR of 4.6% during the forecast period. Piling rigs are used to ensure the stability of critical infrastructure structures like power transmission towers, and industrial facilities
• The impact hammer segment accounted for the second-largest revenue share of 29.9% in 2022. An impact hammer constitutes a form of piling machinery employed for the purpose of inserting piles into the ground through the repetitive application of impact forces at the pile's upper end
• Based on piling method, the impact driven segment accounted for the largest revenue share of 29.6% in 2022. This method uses the impact force to attain piling at various depths.
• The continuous flight auger segment is expected to grow at the fastest CAGR of 5.9% during the forecast period. It is suitable for construction projects with unstable soil conditions, especially in sites located near existing buildings
• The Asia Pacific region accounted for the largest revenue share of 41.7% in 2022 and is expected to grow at the fastest CAGR of 4.8% during the forecast period. The construction industry in this region is expected to witness growth on account of the rising per capita income, rapid urbanization, and growing population
• Europe accounted for the second-largest revenue share of 20.7% in 2022, owing to the increasing construction in alternative energy generation sources
• In June 2023, Epiroc AB introduced its flagship construction drill rig SmartROC T25 R, a smart rig for smarter operations. Moreover, the rig has various significant characteristics such as a large coverage area, great terrain ability, application diversity, and a smart Rig Control System that reduces the rig's environmental impact

Please note The report will be delivered in 2-3 business days upon order notification.