South America 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)

South America 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 South America piling machines market is expected to grow from US$ 155.49 million in 2022 to US$ 182.97 million by 2028. It is estimated to grow at a CAGR of 2.7% from 2022 to 2028.

Rise in Renovation and Remodeling Activities is Fueling the South America 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 South America piling machines market growth.

South America Piling Machines Market Overview

The South America piling machines market is segmented into Brazil, Argentina, and the Rest of South America. The piling machines market in South America is primarily driven by the increasing investment in infrastructure development and the rising government funding. According to the United Nations Conference on Trade and Development (UNCTAD), Latin America's Foreign Direct Investment (FDI) experienced a growth of 56%, reaching USD 134 billion in 2021. Increasing FDI has surged the development of commercial building, thereby attributing the demand for piling machines. Such investment has surged the requirement for piling machines to drill and integrate poles for structure development and building commercial sectors. The increase in residential construction projects in the region is further contributing to the growth of the piling machines market. Governments are implementing policies to fund construction and housing projects to meet the demand for residential construction projects. In addition, the development of hospitality infrastructure is further driving the piling machines market. For instance, Meridiam, an investment firm opened the Felix Bulnes Hospital, health facility in South America. The region has experienced consistent investment, and new hospitality projects in the region have contributed to the growth of the South America piling machines market.

South America Piling Machines Market Revenue and Forecast to 2028 (US$ Million)

South America Piling Machines Market Segmentation

The South America piling machines market is segmented based on product, method, and country.

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

Based on method, the South America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held the largest South America 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 South America piling machines market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the South America 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 South America piling machines market.

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