The North America screw piles market size is expected to reach USD 392.6 million by 2030 and is expected to expand at 4.3% CAGR from 2023 to 2030. The increasing spending for infrastructural development by governments in major economies in North America such as U. S., Canada, and Mexico is expected to boost product demand.
The rapidly expanding urbanization and industrialization in North America are also driving market growth. Furthermore, the increasing focus on industrial and public infrastructure requirements across North America is projected to create potential demand over the forecast period from 2023 to 2030. The economic development across rapidly developing countries including Mexico is further projected to propel the North America screw piles industry growth.
Screw piles can be installed in a number of different subsurface conditions, including soft to stiff clays and loose to dense sands of North America. Design loads differ considerably depending on the needs of the project. Additionally, piles are particularly useful for temporary structure support as they can be removed and reused with little to no loss of structural integrity. The aforementioned factors are anticipated to create demand in the near future.
Many screw pile manufacturers in North America use high-quality recycled steel during production, this makes them use less natural resources and energy while also lowering the overall carbon footprint. In addition, compared to other types of construction activity that involve the installation of anchoring systems, the installation of screw piles causes no site disturbance or produces no soil cuttings. This keeps the site clean, requires minimal cleanup after installation at each installation location, and results in lower project costs.
The U. S. holds the largest share of the overall North American screw pile market. Screw piles are commonly used in the construction industry due to the increasing need for seismically resistant houses. Also, increasing residential and commercial construction activities are propelling product demand.
Screw piles have grown in popularity in North America for innovative construction such as modular construction, agricultural construction, and solar farms due to their ability to install quickly and build the structure. Leading players are focusing on various collaborations and product innovations to grow their businesses. This market will be highly fragmented as a result of the expected high number of mergers and acquisitions. The expected market completion is expected to be moderate, as many players are acquiring smaller manufacturers to gain market share.
The rapidly expanding urbanization and industrialization in North America are also driving market growth. Furthermore, the increasing focus on industrial and public infrastructure requirements across North America is projected to create potential demand over the forecast period from 2023 to 2030. The economic development across rapidly developing countries including Mexico is further projected to propel the North America screw piles industry growth.
Screw piles can be installed in a number of different subsurface conditions, including soft to stiff clays and loose to dense sands of North America. Design loads differ considerably depending on the needs of the project. Additionally, piles are particularly useful for temporary structure support as they can be removed and reused with little to no loss of structural integrity. The aforementioned factors are anticipated to create demand in the near future.
Many screw pile manufacturers in North America use high-quality recycled steel during production, this makes them use less natural resources and energy while also lowering the overall carbon footprint. In addition, compared to other types of construction activity that involve the installation of anchoring systems, the installation of screw piles causes no site disturbance or produces no soil cuttings. This keeps the site clean, requires minimal cleanup after installation at each installation location, and results in lower project costs.
The U. S. holds the largest share of the overall North American screw pile market. Screw piles are commonly used in the construction industry due to the increasing need for seismically resistant houses. Also, increasing residential and commercial construction activities are propelling product demand.
Screw piles have grown in popularity in North America for innovative construction such as modular construction, agricultural construction, and solar farms due to their ability to install quickly and build the structure. Leading players are focusing on various collaborations and product innovations to grow their businesses. This market will be highly fragmented as a result of the expected high number of mergers and acquisitions. The expected market completion is expected to be moderate, as many players are acquiring smaller manufacturers to gain market share.
North America Screw Piles Market Report Highlights
- Based on installation type, the North American screw piles market is divided into DIY and professional installer segments. Professional installers accounted for the largest and fastest-growing segment with 81.1% revenue share in 2022. This growth is attributed to the well-trained and experienced professionals who use specialized tools to install the screw piles. Furthermore, professional screw pile installation necessitates the use of high-quality hydraulic equipment, which ensures proper and quick installation
- Factors driving the market for professionally installed screw piles are expanding construction in North America, code compliance, and insurance and liability provided by screw piles that are installed professionally. Moreover, professionally installed screw piles are often used in construction structures to offer protection and stability against the damaging impact of earthquakes and other natural calamities
- The DIY segment was valued at USD 54.1 million for the year 2022 owing to the rising trend of manually installed screw piles in North America. More homeowners in the U. S. are taking on DIY projects, such as establishing outdoor play structures for kids, signboards, and pole lights
- According to the survey of USA Today, high home prices, mortgage rates, and rise in labor costs are forcing many homeowners to do home improvement by themselves. Further, the number of self-home improvement projects in the U. S. and Canada is on the rise due to increasing inflation in North America, which, in turn, is driving the demand for manually installed screw piles for simple home structures such as letterbox installation
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Screw Piles Market Variables, Trends & Scope
Chapter 4. North America Screw Piles Market: Installation Type Estimates & Trend Analysis
Chapter 5. North America Screw Piles Market: Regional Estimates & Trend Analysis
Chapter 6. North America Screw Piles Market Supplier Intelligence
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Helical Anchors, Inc.
- Cyntech Group
- Hubbel Power Systems Inc
- Earth Contact Products
- GoliathTech Piles
- Maclean Power Systems.
- Patriot Foundation Systems
- Pier Tech Systems LLC
- Ram Jack Distribution, LLC
- Roterra Piling Ltd.
- American Ground Screw MFG & Supply
- American Earth Anchors, Inc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 285.4 Million |
| Forecasted Market Value ( USD | $ 392.6 Million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 12 |
