The global piling machine market in 2022 was valued at US$6.21 billion. The market is expected to be worth US$8.27 billion in 2028. Piling machine is a specialized machinery equipment that drives piles into the soil for foundation support for constructing buildings and other structures. It is mainly used to drill foundations in clay, sandy soil, etc. These machines find applications in various industries including construction, oil & gas, and more.
As construction activities are increasing significantly on account of widespread industrialization and urbanization worldwide, the demand for pilling machines is rising as these machines are used to create deep piles that anchor the structure to load-bearing strata deep under the ground, ensuring safety and stability. Moreover, increasing importance for unconventional energy sources such as the wind and solar energy for power generation fueled by regulatory support in China, India, and Japan is expected to promote further the foundation work and thus in turn fuel the demand for piling machines over the forecast period. The market is projected to grow at a CAGR of 4.90% during the forecast period of 2023-2028.
By Method: Based on the method, the global piling machine market can be divided into five segments namely, Impact Driven, Auger Boring, Rotary Boring, Continuous Flight Auger and Others. In 2022, due to the growing utilization of this method for low cost and efficient pile installations at sites with hard soil or for final panel levelling, impact-driven piling segment leads the market in 2022. However, continuous flight auger is projected to be the fastest-growing segment owing to the suitability of this method for construction projects that have unstable soil conditions, especially in sites near existing structures, because of its ability to generate low vibrations and noise. Additionally, this method is an efficient solution for light-loaded structures.
By Region: In the report, the global piling machine market is divided into five regions: Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of the Asia Pacific), Europe (Germany, France, UK, Italy, Russia, Netherlands, and rest of Europe), North America (the US, Canada, and Mexico), Middle East & Africa, and South America. In 2022, the Asia Pacific region led the piling machine market, propelled by rapid urbanization, particularly in China and India, and the increasing commercial constructions such as complexes, hospitals, hotels and restaurants, and retail spaces, presence of developing nations such as India and China along with rapid growth in mining and agriculture activities in the region. Moreover, the growing interest in renewable energy sources has led to the expansion of the wind energy sector in China, which further boosted its market dominance. Looking ahead, North America is projected to grow significantly from 2023 to 2028, propelled by growing real estate industry have increased the use of piling machines for drilling platforms and constructing structures, and growing support from the governments of countries in North America for advanced infrastructural setup.
During 2023-2028, the US is forecasted to maintain its lead within North America. This trajectory is largely attributed to the country's expansive construction sector, significant infrastructure investments, and rising number of wind farms. Furthermore, expansion of the mining industry in Mexico in light of favorable regulatory support to facilitate foreign mineral processors for investments at the domestic level is further predicted to encourage the foundation work, which is expected to augment the demand for piling rigs in the future.
Challenges: However, some challenges are also impeding the growth of the market such as high prices and low replacement rates, adherence to sound pressure level regulations, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rising instances of renewable energy initiatives, expansion of mining sector, advent of eco-friendly equipment, technological advancements, increasing utilization in port and harbor construction, etc. Manufacturers of piling machines are concentrating on upgrading their products, in order to enhance their efficiency and provide eco-friendly products. For instance, owing to environmental concerns, hydraulic hammers are gradually replacing diesel hammers. As a result, concerns about noise and dust pollution are reduced, which is anticipated to be a vital factor driving the overall market’s growth.
Post pandemic market is expected to regain its momentum as economic activities resumed and manufacturing activities started across the world. The post-COVID piling machine market is navigating a complex mix of challenges and growth opportunities, relying on strategic innovation and adaptability to thrive in the transformed global construction landscape.
As construction activities are increasing significantly on account of widespread industrialization and urbanization worldwide, the demand for pilling machines is rising as these machines are used to create deep piles that anchor the structure to load-bearing strata deep under the ground, ensuring safety and stability. Moreover, increasing importance for unconventional energy sources such as the wind and solar energy for power generation fueled by regulatory support in China, India, and Japan is expected to promote further the foundation work and thus in turn fuel the demand for piling machines over the forecast period. The market is projected to grow at a CAGR of 4.90% during the forecast period of 2023-2028.
Market Segmentation Analysis:
By Product: The report identifies four segments on the basis of product: Piling Rigs, Impact Hammer, Vibratory Drivers and Others. Among the products, Piling rigs segment dominated the market in 2022. Piling rigs are equipped with the required machinery and mechanism to drill, drive, or bore piles into the ground. This market's dominance is attributed to the rising demand in construction projects as it offers the necessary support for the construction of homes, bridges and other building projects. In addition, piling rigs are compatible with vibratory hammers, impact hammers, and screw drills, which is likely to drive the segment’s expansion in coming years.By Method: Based on the method, the global piling machine market can be divided into five segments namely, Impact Driven, Auger Boring, Rotary Boring, Continuous Flight Auger and Others. In 2022, due to the growing utilization of this method for low cost and efficient pile installations at sites with hard soil or for final panel levelling, impact-driven piling segment leads the market in 2022. However, continuous flight auger is projected to be the fastest-growing segment owing to the suitability of this method for construction projects that have unstable soil conditions, especially in sites near existing structures, because of its ability to generate low vibrations and noise. Additionally, this method is an efficient solution for light-loaded structures.
By Region: In the report, the global piling machine market is divided into five regions: Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of the Asia Pacific), Europe (Germany, France, UK, Italy, Russia, Netherlands, and rest of Europe), North America (the US, Canada, and Mexico), Middle East & Africa, and South America. In 2022, the Asia Pacific region led the piling machine market, propelled by rapid urbanization, particularly in China and India, and the increasing commercial constructions such as complexes, hospitals, hotels and restaurants, and retail spaces, presence of developing nations such as India and China along with rapid growth in mining and agriculture activities in the region. Moreover, the growing interest in renewable energy sources has led to the expansion of the wind energy sector in China, which further boosted its market dominance. Looking ahead, North America is projected to grow significantly from 2023 to 2028, propelled by growing real estate industry have increased the use of piling machines for drilling platforms and constructing structures, and growing support from the governments of countries in North America for advanced infrastructural setup.
During 2023-2028, the US is forecasted to maintain its lead within North America. This trajectory is largely attributed to the country's expansive construction sector, significant infrastructure investments, and rising number of wind farms. Furthermore, expansion of the mining industry in Mexico in light of favorable regulatory support to facilitate foreign mineral processors for investments at the domestic level is further predicted to encourage the foundation work, which is expected to augment the demand for piling rigs in the future.
Market Dynamics:
Growth Drivers: The market has been growing over the past few years, due to factors such as growing investment in wind energy sources, swift growth in infrastructure development, rapid urbanization, growing regulatory requirements, upsurge in oil and gas projects, etc. The rising demand due to the flourishing construction activities, driven by by widespread industrialization and urbanizaton, has become a key growth driver for the global piling machine market. Piling machines are crucial in the construction of skyscrapers, high-rise buildings, and commercial complexes. They are used to create deep piles that anchor the structure to load-bearing strata deep under the ground, ensuring safety and stability. Moreover, governments of various countries are investing heavily on enhancing the existing infrastructure, which is further contributing to the demand. Thus, with the rise in construction spending, the demand for piling machines to build high-rise structures is growing, fueling the overall market growth of piling machines.Challenges: However, some challenges are also impeding the growth of the market such as high prices and low replacement rates, adherence to sound pressure level regulations, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rising instances of renewable energy initiatives, expansion of mining sector, advent of eco-friendly equipment, technological advancements, increasing utilization in port and harbor construction, etc. Manufacturers of piling machines are concentrating on upgrading their products, in order to enhance their efficiency and provide eco-friendly products. For instance, owing to environmental concerns, hydraulic hammers are gradually replacing diesel hammers. As a result, concerns about noise and dust pollution are reduced, which is anticipated to be a vital factor driving the overall market’s growth.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 pandemic severely impacted the global piling machines market. The decelerated production of raw materials, disruption in the supply chains, disturbances in trade movements, and decreased demand for new construction projects during the COVID-19 pandemic hindered the piling machines market growth. The delay and halt in business operations in both developed and developing nations resulted in the downfall in demand for these equipment in various end-use industries which further aggravated the decline of market. However, with the recovery of operations, the demand for piling machines has risen globally.Post pandemic market is expected to regain its momentum as economic activities resumed and manufacturing activities started across the world. The post-COVID piling machine market is navigating a complex mix of challenges and growth opportunities, relying on strategic innovation and adaptability to thrive in the transformed global construction landscape.
Competitive Landscape and Recent Developments:
The global piling machine market is highly consolidated with a few companies dominating the market in terms of production capacity of piling and drilling rigs. The key players of the global piling machine market are:
- Atlas Copco AB
- Bauer AG
- Liebherr Group
- Boart Longyear Limited
- Tex Group Limited (BSP-TEX)
- Casagrande S.p.A.
- Soilmec S.p.A.
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- China National Machinery Industry Corporation (Sinomach)
- Junttan Oy
- SANY Heavy Industry Co. Ltd., and
- J C Bamford Excavators Ltd.
Table of Contents
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
7. Competitive Landscape
8. Company Profiling
List of Figures
List of Tables
Companies Mentioned
- Atlas Copco AB
- Bauer AG
- Liebherr Group
- Boart Longyear Limited
- Tex Group Limited (BSP-TEX)
- Casagrande S.p.A.
- Soilmec S.p.A.
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
- China National Machinery Industry Corporation (Sinomach)
- Junttan Oy
- SANY Heavy Industry Co. Ltd.
- J C Bamford Excavators Ltd.
