Piling Machine Market – North America and Europe to Hold Major Share of Global Market

By
Zaraki Kenpachi
-

Piling Machine Market: Introduction

  • A piling machine is used to drive piles into the ground to provide a foundational support for various structures such as bridges, skyscrapers, buildings, etc. These machines are utilized in a wide range of applications in residential, commercial, and industrial construction sectors. Therefore, the demand for piling machines is expected to rise during the forecast period.

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Key Drivers and Opportunities of the Global Piling Machine Market

  • Increase in urbanization in developing countries is projected to propel the construction industry and subsequently, fuel the market for piling machine during the forecast period. Furthermore, expansion of the piling machine market is ascribed to rapid infrastructural advancement across private and commercial sectors. Rising utilization of metals and minerals, combined with increase in industrialization in rising economies, including China, India, and the Middle East, has fueled mining activities. This, in turn, is expected to fuel the demand for piling machines during the forecast period.
  • Rapid urbanization and favorable government initiatives on infrastructural improvement in China and India are anticipated to fuel the demand for piling machines in Asia Pacific. Development of the mining sector in several countries such as Peru and Chile, due to abundant reserves of minerals, including gold and copper, is estimated to drive the market in Central and South America.
  • Technological advancement in piling machines in terms of advanced hydraulics and electronics, which is estimated to offer fine degree of control during working along with accurate and effective piling work, is expected to boost demand for piling machines significantly in the next few years. Here, manufacturers are having an opportunity to cater to the rising demand and carry out research & development in order to provide more technological advanced piling machines.
  • High initial investment during purchase of piling hardware and its restricted use at the building site have prompted several companies to opt for leasing these machines. This is estimated to restrain the demand for new piling machines and consequently, hamper the market.

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North America and Europe to Hold Major Share of Global Piling Machine Market

  • In terms of geography, the global piling machine market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America is expected to dominate the global piling machine market in terms of demand, revenue, and consumption by the end of the forecast period, followed by Europe. This is attributable to the growing urbanization in the region.

Key Players Operating in Global Piling Machine Market

  • Atlas Copco
  • BAUER Aktiengesellschaft
  • Beijing SINOVO International Trade Co., Ltd.
  • BSP International Foundations
  • Casagrande S.p.A.
  • China National Machinery Industry Corporation
  • DELMAG GmbH & Co. KG
  • Soilmec S.p.A.
  • TONTI TRADING S.R.L.
  • Watson Inc.

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