Middle East & Africa 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 Middle East & Africa piling machines market is expected to grow from US$ 324.56 million in 2022 to US$ 388.51 million by 2028. It is estimated to grow at a CAGR of 3.0% from 2022 to 2028.
Rise in Renovation and Remodelling Activities is Fuelling the Middle East & Africa Piling Machines Market
Renovation involves the reconstruction of infrastructural facilities with modern and advanced construction materials to upgrade structural properties and improve the life span of buildings, alongside ensuring a minimal environmental impact. Rapid urbanization and industrialization have propelled the demand for better residential and commercial facilities. Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by taking several initiatives and promoting projects. The growing renovation and development activities, driven by investments in the modernization of existing infrastructure, boost the piling machines industry. Rising remodeling and construction operations in nonresidential spaces (including hotel and resort renovations) and increasing investments in industrial construction would also drive the demand for piling machines during the forecast period, thereby driving the Middle East & Africa piling machines market growth.
Middle East & Africa Piling Machines Market Overview
The piling machines market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Rising government initiatives for infrastructure projects and increasing urbanization are fueling the demand for piling machines. For instance, according to the Government of Canada, the Government of Saudi Arabia has invested Can$16.01 billion on transportation infrastructure projects in 2021. In addition, in July 2022, the government of UAE has planned to invest USD 23 billion on infrastructure development from 2022 to 2025. Economic development in the Middle East, North America, and Sub-Saharan Africa has accelerated new infrastructure and construction projects. In addition, the rising urban population has increased the construction of private residential buildings in semi-urban and urban cities. ALNAMA City project, NEOM - Kingdom of Saudi Arabia, and Dubai South Properties: South Bay are among the residential projects planned in the region. Moreover, the region has several large pipeline projects, including expansion of the oil & gas sector production capacity; upgrade of transport, power, and water systems; and significant industrial developments, which are further fueling the demand for piling systems.
Middle East & Africa Piling Machines Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Piling Machines Market Segmentation
The Middle East & Africa piling machines market is segmented based on product, method, and country.
Based on product, the Middle East & Africa piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held the largest Middle East & Africa piling machines market share in 2022.
Based on method, the Middle East & Africa piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held the largest Middle East & Africa 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 Middle East & Africa piling machines market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia dominated the Middle East & Africa 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 Middle East & Africa piling machines market.
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