Report : Asia Pacific Piling Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others) and Method (Vibro Piling, Drilling, and Driven Piling)
At 5.3% CAGR, the Asia Pacific Piling Machines Market is speculated to be worth US$ 4,694.54 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific piling machines market was valued at US$ 3,444.30 million in 2022 and is expected to reach US$ 4,694.54 million by 2028, registering a CAGR of 5.3% from 2022 to 2028. Growing infrastructure advancement activities in emerging economies and product innovations and strategic activities adopted by the key players are the critical factors attributed to the Asia Pacific piling machines market expansion.
The emerging economies are implementing major construction and infrastructure activities. Governments of China and India are also taking various initiatives to strengthen their construction and infrastructure industries. Various active projects in China include Hong Kong-Zhuhai-Macau Bridge, Shanghai Tower, Beijing Subway Metro Network, the Giant Wind Turbines, and Super LNG Tanker. Such infrastructure and construction initiatives taken by the governments of various emerging economies worldwide provide lucrative growth opportunities to the piling machines market.
On the contrary, effects of ground vibrations are restraining the growth of Asia Pacific piling machines market.
Based on product, the Asia Pacific piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 40.9% share of Asia Pacific piling machines market in 2022, massing US$ 1,408.95 million. It is projected to garner US$ 1,875.33 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on method, the Asia Pacific piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 50.3% share of Asia Pacific piling machines market in 2022, massing US$ 1,732.75 million. It is projected to garner US$ 2,268.70 million by 2028 to expand at 4.6% CAGR during 2022–2028. Further, the drilling segment is categorized into kelly, continuous flight auger (CFA), full displacement piles (FDP), micropiles, and others.
Based on country, the Asia Pacific piling machines market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 38.0% share of Asia Pacific piling machines market in 2022. It was assessed at US$ 1,310.10 million in 2022 and is likely to hit US$ 1,831.34 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.
Key players dominating the Asia Pacific piling machines market are Bauer AG, Casagrande SpA, Comacchio SpA, Dieseko Group BV, Enteco S.r.l, Junttan Oy, Liebherr-Werk Nenzing GmbH, Sany Heavy Industry Co Ltd, Soilmec SpA, and Xuzhou Construction Machinery Group Co Ltd among others.
- In 2022, Liebherr reveals the latest generation of duty cycle crawler cranes with the brand-new HS 8070.1. The machine has a lifting capacity of 70 tonnes and is the first choice for a multitude of applications: material handling, deep foundation or lifting work. Using the new jack-up system, the crawlers can be easily disassembled for transportation, so reducing the transport weight to less than 35 tonnes. The platforms and railings must no longer be removed before transportation.
- In 2022, Trimble and Junttan Oy announced the availability of Trimble Groundworks Machine Control System for piling machines as a factory option on Junttan Oy foundation machines. Trimble Groundworks is a 3D machine control system. Using 2D or 3D guidance, Trimble Groundworks provides accurate piling depth and direction. The system reduces driving time per pile for piling machines, decreasing fuel usage to improve job site sustainability.
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