Report : North America 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 4.6% CAGR, the North America Piling Machines Market is speculated to be worth US$ 2,044.76 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America piling machines market was valued at US$ 1,558.63 million in 2022 and is expected to reach US$ 2,044.76 million by 2028, registering a CAGR of 4.6% from 2022 to 2028. Flourishment of construction industry and rise in renovation and remodeling activities are the critical factors attributed to the North America piling machines market expansion.
The construction industry is rapidly growing in various countries across the region with a rise in government investments and an increase in demand for residential construction projects. A surge in construction activities in the country is ascribed to the increasing population and the proliferating commercial sector. This surge in construction activities is surging the demand for piling machines in the region. The rising population is putting a strain on current infrastructure, highlighting the need for the development of new rail networks, residential structures, and roadways. The governments and regulatory bodies in countries in this region are focusing on additional infrastructure investments which is proliferating the demand for piling machines in the region. A surge in construction activities in the region is driven by ongoing industrialization, increasing population, growing middle-class income, and increasing infrastructural developments. Government initiatives, supporting the construction of new highways, bridges, sports facilities, and residential and governmental offices fuel the growth of the construction industry in the country. With such growth in construction activities, the demand for piling machines is increasing notably in various countries.
On the contrary, effects of ground vibrations are restraining the growth of North America piling machines market.
Based on product, the North America piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 41.4% share of North America piling machines market in 2022, massing US$ 645.56 million. It is projected to garner US$ 827.37 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on method, the North America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 51.1% share of North America piling machines market in 2022, massing US$ 797.20 million. It is projected to garner US$ 1,006.00 million by 2028 to expand at 4.0% 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 North America piling machines market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.8% share of North America piling machines market in 2022. It was assessed at US$ 1,306.33 million in 2022 and is likely to hit US$ 1,739.12 million by 2028, exhibiting a CAGR of 4.9% during the forecast period.
Key players dominating the North America 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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