Piling Machine Market Segments and Key Trends Analysis by 2024

The growth of the construction sector in various countries including India, China, Thailand, Saudi Arabia, UAE, Thailand and Malaysia in light of urbanization, population growth, and government infrastructure development initiatives is expected to promote the foundation activity. Rising wind farms are likely to augment industry growth over the next eight years.

The Global Piling Machine Market is expected to reach USD 6.47 billion by 2024, according to a new report by Grand View Research, Inc.

Increasing product usage in residential premises, commercial structures, manufacturing facilities, drilling platforms, mining bases, wind farms, solar power plants, and power transmission plants will propel industry growth over the forecast period. Moreover, rapid expansion in transport, water, energy, social infrastructure, hospitals, schools, government accommodation, defense infrastructure, and natural resources will create immense market potential over the forecast period.

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North America is expected to drive demand on account of the growing construction sector primarily in the U.S. and Mexico. Under the National Infrastructure Plan of Mexico, the government has planned an investment of USD 590 billion from 2014 to 2018, which is anticipated to promote the construction of residential and commercial structures. The North America piling machine market is estimated to be worth USD 1.19 billion by 2024.

Top Players of Piling Machine Market:

Key participants include Bauer AG, The Casagrande Group, Soilmec, Tescar, Atlas Copco, BSP International Foundations, Sinomach, and Delmag.

Market Segmentation of Piling Machine Market:

The Global Piling Machine Market on the basis of Product and Piling Method.

By Product:

    Impact hammer
    Vibratory drivers
    Piling rigs

By Piling Method:

    Impact Driven
    Drilled Percussive
    Rotary Bored Piling
    Air-Lift RCD
    Auger Boring
    Continuous Flight Auger

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