Global Piling Rigs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Piling Rigs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A piling rig is a construction machine for piling in foundation engineering. It is mainly applied to drill in sandy soil, clay, silty clay, etc. and widely used cast-in-place piles, diaphragm walls, foundation reinforcement and other foundation projects.

Market Overview:

The latest research study on the global Piling Rigs market finds that the global Piling Rigs market reached a value of USD 4119.05 million in 2022. It’s expected that the market will achieve USD 6886.25 million by 2028, exhibiting a CAGR of 8.94% during the forecast period.

Piling Rigs Industry Impact

The impact of pneumonia epidemic in COVID-19 on the global piling rig industry involves all major links and entities in the industrial chain. Under the epidemic situation, the company's management efficiency declined, commuting was seriously hindered, production plans were seriously hindered, network expansion and marketing were delayed, brands were forced to adjust, market sales declined, and the company and employees' income was damaged.
The pneumonia epidemic in COVID-19 has had a great impact on the after-sales operation of the global piling rig industry, especially the small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Market Drivers Analysis

Due to the rapid urbanization and the increasing demand for roads, railways, buildings and related infrastructure caused by population growth, the global construction industry is growing steadily. In addition, governments around the world are paying attention to the development of transportation infrastructure. For example, in 2018, the Czech Republic signed a memorandum of cooperation with the European Investment Bank, with a planned loan of 100 billion kronor (about 4.8 billion US dollars) for the development of railway and highway infrastructure. In addition, the EU ESFRI Project needs to invest about 2.9 billion euros. In addition, there are 37 large-scale scientific research infrastructures called ESFRI landmarks being deployed or completed, with total assets of about 14.4 billion euros. At the same time, the US Congress passed a bill costing 305 billion dollars to improve the quality of road network and transportation system. In July 2016, India launched several projects, including the development of 24 smart cities, 23 industrial hubs, two ports and a 1500Km six-lane expressway. These measures by the government will promote construction projects all over the world and lead to the growth of pile foundation engineering, which in turn may stimulate the demand for piling machines.
Increasing R&D expenditure leads to the development and introduction of new technologies, including micro-pile, continuous auger, geothermal application drilling, jet grouting, large-diameter pile and deep partition wall with cutting soil mixing and water milling technology. The development of new products expands the application range of products and meets the requirements of specific applications, thus enhancing the competitive position of piling equipment in the market.
At the same time, market participants also form strategic partnerships with other industry participants to develop new products, integrate value chains and global operations, and share resources and expertise for research and development and explore new markets. These measures are conducive to promoting market development.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

SANY is one of the major players operating in the Piling Rigs market, holding a share of 27% in 2020.

Sany Group is a leading enterprise of high-end equipment manufacturing industry with over 20 R&D centers and manufacturing bases all over the world. SANY ranking among the top 3 global construction machinery manufacturers.

XCMG is a Chinese multinational company, a state-owned machinery manufacturing company, headquartered in Xuzhou City, Jiangsu Province. It is one of the top five construction machinery manufacturers in the world. XCMG is committed to providing customers with high-quality construction equipment solutions and services. Therefore, focus on the innovation and development of integrated technology and quality control.

XCMG's products include automobiles and crawler cranes, open-air cranes, all-terrain cranes, wheel loaders, excavators, vibratory rollers, backhoe loaders, dump trucks, mixers, graders, concrete pumps, tractors, asphalt concrete paving stones, selection cranes, skidding loaders and aerial work platforms, etc.

Segmentation Overview:

Among different product types, Large-Sized-Torque is over 250 kN m segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Water Conservancy Project segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Piling Rigs market covered in Chapter 3:

Woltman Piling & Drilling Rigs
ABI GmbH (Banut and Delmag)
Bauer
Mait
SANY
TYSIM
Soilmec S.p.A.
Casagrande S.p.A.
Liebherr
Junttan Oy
SUNWARD
XCMG

In Chapter 4 and Chapter 14.2, on the basis of types, the Piling Rigs market from 2018 to 2029 is primarily split into:

Small-Sized-Torque is Less than 150 kN m
Middle-Sized-Torque is around 150-250 kN m
Large-Sized-Torque is over 250 kN m

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Piling Rigs market from 2018 to 2029 covers:

Municipal Construction
Expressway & Bridge
Industrial & Civil Buildings
Water Conservancy Project
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)