Asia Pacific Piling Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others) and Method (Vibro Piling, Drilling, and Driven Piling)

Asia Pacific Piling Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others) and Method (Vibro Piling, Drilling, and Driven Piling)

The Asia Pacific piling machines market is expected to grow from US$ 3,444.30 million in 2022 to US$ 4,694.54 million by 2028. It is estimated to grow at a CAGR of 5.3% from 2022 to 2028.

Product Innovations and Strategic Activities Adopted by the Key Players is Fuelling the Asia Pacific Piling Machines Market

Companies in the piling machines markets focus on offering new, upgraded products to meet the evolving needs of customers. In April 2022, SANY UK launched SR235 multipurpose piling rig. With an operating weight of ~90 tons, the SR235 is powered by a Stage V Volvo engine, which contributes to its reliability and efficiency. In 2019, Soilmec S.p.A. introduced new SM drilling rigs for the foundation of micro piles and anchoring. In May 2021, the company introduced new Soilmec SM-11 medium-sized drilling rigs that have a very high nursing force. These rigs feature an appropriate combination of performance and effectiveness and provide a compact enterprise for limited-access job places. Moreover, they are easy to set for dissimilar working needs. In January 2020, Soilmec acquired a majority stake in Watson Inc., a manufacturer of foundation rigs, as part of a more comprehensive project aimed at securing growth in foreign markets. Thus, such recent technological developments and product innovations in piling machines are likely to bring new trends in the Asia Pacific piling machines market in the coming years.

Asia Pacific Piling Machines Market Overview

The Asia Pacific piling machines market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The growth of the Asia Pacific piling machine market is attributed to the rising construction activities and the increasing government funding for infrastructure development. Countries such as Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia are experiencing exponential growth in various sectors, including construction and automotive. The manufacturing sector in these countries has improved rapidly over the years. Several government initiatives and policies, such as Make-in-India, encourage the setup of different manufacturing plants across the country, contributing to the demand for piling machines in the region. In addition, growing infrastructure activities and increasing government investment for infrastructure development are boosting the demand for piling machines in Asia Pacific. The increasing residential and industrial construction is strongly contributing to the piling machines market growth. The construction industry is India's second-largest industry, accounting for ~11% of the country’s GDP. Furthermore, a wide range of rail projects is either planned or under construction in the region, making it the most lucrative region for the piling machines market. India and China are at the forefront of the development of roads and infrastructure projects. For instance, in July 2022, in China, the National Development and Reform Commission (NDRC) and the Ministry of Transport unveiled a document called “National Highway Network Planning,” which aims to build a modern highway network that is fully functional, efficient, green, intelligent, and safe by 2035. According to the NDRC, the plan involves building highways of 461,000 km, out of which 162,000 km will be expressways. This new plan will strengthen links between national highways, railway terminals, airports, and ports. This development will expand the scope of railway, water, and civil transport services in a bid to support national transport development plans. Such initiatives by governments of various countries are increasing the demand for piling machines.

Asia Pacific Piling Machines Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Piling Machines Market Segmentation

The Asia Pacific piling machines market is segmented based on product, method, and country.

Based on product, the Asia Pacific piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held the largest Asia Pacific piling machines market share in 2022.

Based on method, the Asia Pacific piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held the largest Asia Pacific piling machines market share in 2022. Further, the drilling segment is categorized into Kelly, continuous flight auger (CFA), full displacement piles (FDP), micropiles, and others.

Based on country, the Asia Pacific piling machines market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China dominated the Asia Pacific piling machines market in 2022.

Bauer AG, Casagrande SpA, Comacchio SpA, Dieseko Group BV, Enteco S.r.l, Junttan Oy, Liebherr-Werk Nenzing GmbH, Sany Heavy Industry Co Ltd, Soilmec SpA, and Xuzhou Construction Machinery Group Co Ltd are the leading companies operating in the Asia Pacific piling machines market.

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