At 3.6% CAGR, the Middle East & Africa Piling Machines Market is Projected to be Worth US$ 201.60 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa piling machines market was valued at US$ 151.88 million in 2023 and is expected to reach US$ 201.60 million by 2031, registering a CAGR of 3.6% from 2023 to 2031. Product innovations and strategic activities adopted by significant players and increased piling machine rental services are among the critical factors attributed to the Middle East & Africa piling machines market expansion.

Companies operating in the piling machines market focus on offering upgraded and new products to meet the evolving needs of customers. In December 2023, Roger Bullivant Limited (RBL) announced the simultaneous launch of three groundbreaking 3500 Series Driven Piling Rigs: 3501, 3502, and 3503. These rigs are built on a strong JCB 220X excavator basis and have a larger undercarriage for great stability, ensuring optimal performance on a variety of tasks. In May 2023, National Pile Croppers (NPC) redesigned its hydraulic Contig 600 pile cropper to reduce its width while maintaining its structural strength. As the earlier Contig 600 unit was larger than the new one, it faced issues in addressing 600 mm and 150 mm pile spacing. In June 2023, Bauer launched its new compact cutter systems for confined construction sites. In 2023, Junttan launched its free-hanging vibratory hammer series: the VH and VH VM models. Thus, product development and strategic activities are expected to bring new trends in the global piling machines market in the coming years.

On the contrary, technological limitations and availability of substitute methods hamper the growth of Middle East & Africa piling machines.

Based on product, the Middle East & Africa piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 47.8% share of the Middle East & Africa piling machines market in 2023, amassing US$ 72.63 million. It is projected to garner US$ 96.35 million by 2031 to expand at 3.6% CAGR during 2023–2031.

Based on method, the Middle East & Africa piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 53.7% share of the Middle East & Africa piling machines market in 2023, amassing US$ 81.52 million. It is projected to garner US$ 106.60 million by 2031 to expand at 3.4% CAGR during 2023–2031. The drilling segment is further sub segmented into kelly, continuous flight augur, full displacement piles (FDP), micropiles, and others.

Based on country, the Middle East & Africa piling machines market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 32.0% share of Middle East & Africa piling machines market in 2023, amassing US$ 48.66 million. It is projected to garner US$ 60.88 million by 2031 to expand at 2.8% CAGR during 2023–2031.

Key players operating in the piling machines market are Liebherr-Werk Nenzing GmbH; Junttan Oy; Bauer AG; Soilmec SpA; Casagrande SpA; Comacchio SpA; Mait SpA; ABI Equipment Ltd; Enteco Srl; IMT Srl; Sany Heavy Industry Co Ltd; CONSTRUCCIONES MECANICAS LLAMADA SL; BSP TEX Ltd; BRUCE Piling Equipment Co Ltd; American Piledriving Equipment Inc; Terra Infrastructure GmbH; International Construction Equipment Inc; FAYAT GROUP; TWF Baumaschinentechnik GmbH; XCMG Construction Machinery Co Ltd; KLEMM Bohrtechnik GmbH; Van den Heuvel; Action Construction Equipment Limited; Fundex Equipment BV; Dieseko Group BV; DAWSON CONSTRUCTION PLANT LTD; Shandong Yahe Construction Machinery Co., Ltd.; IQIP BV; GeoQuip Power Systems, LLC; and LeBoTec B.V., among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com