Piling machine is a type of semiconductor machinery equipment which integrates poles inside the surface of the earth which are subsequently used as foundation in the construction of buildings and other structures. This equipment’s are very important in the construction phase of large-scale buildings and structures as they provide efficiency in construction activities.
Market Analysis: Global Piling Machine Market
Global Piling Machine Market is expected to rise from its initial estimated value of USD 4.68 billion in 2018 to an estimated value of USD 7.15 billion by 2026, registering a CAGR of 5.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the steps undertaken by the authorities and governments of various regions for undertaking construction and development of infrastructure.
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Key Market Competitors: Global Piling Machine Market
MAIT S.p.A.; Soilmec S.p.A.; BSP International Foundations; International Construction Equipment; Liebherr Group; Bauer AG; Casagrande S.p.a; ABI GmbH; TRANSOCEAN LTD.; Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd.; TES CAR SRL; Junttan Oy; Liugong Machinery Co., Ltd.; Shenzhen Sinovo Electric Technologies Co., Ltd.; EIKO KOGYO CO., LTD. KENCHO DIVISION; Pile Hammer Equipment Corporation; Atlas Copco AB; BPH Equipment; Spadina Piling Equipment.; China National Machinery Industry Corporation; Piling Inc.; Faechina.com; Kejr, Inc.; McDrill Technology; AMS, Inc.; Beretta S.r.l. and Davey Drill.
Key Developments in the Market:
In December 2018, TRANSOCEAN LTD. announced that they had completed the acquisition of Ocean Rig. This acquisition will enhance the underwater rigging and drilling capabilities of TRANSOCEAN. The deal was completed for an estimated USD 2.7 billion and will provide enhanced drilling fleet capabilities.
In December 2017, Liugong Machinery Co., Ltd. announced that they had acquired 51% shares of Shanghai Jintai Engineering Machinery Co., Ltd. This acquisition will enable Liugong to expand their construction product and service offerings in providing piling machine capabilities. This will also help in providing consumer specific services thereby expanding the share of the company globally.
Segmentation: Global Piling Machine Market
By Product Type
Diesel Hammer, Impact Hammer Pile Driving System, Vibratory Pile Drivers, Piling Rigs, Hydraulic Hammer, Hydraulic Press-In, Others
By Piling Method
Impact Driven, Drilled Percussive, Rotary Boring Piling, Air-Lift Reverse Circulation Drilling , (RCD), Auger Boring, Continuous Flight Auger, Others
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High growth of the construction activities globally from the developing regions due to the growth of industrialization and urbanization are factors driving the growth of the market
Increased levels of construction of roads, railways and various transportation systems globally are expected to drive the market growth
Requirement of large capital funding and investments for purchasing the equipment’s and machineries are expected to restrain the market growth
Enhanced durability and long operational life of machinery and equipment’s rendering low demand for new machines from the end-users is expected to restrain the market growth
Competitive Analysis: Global Piling Machine Market
Global piling machine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of piling machine market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.