At 3.9% CAGR, the North America Piling Machines Market is Projected to be Worth US$ 2,192.92 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the North America piling machines market was valued at US$ 1,613.75 million in 2023 and is expected to reach US$ 2,192.92 million by 2031, registering a CAGR of 3.9% from 2023 to 2031. Growing significance of piling machines in construction sector and rising importance of piling machines in oil & gas industry are among the critical factors attributed to the North America piling machines market expansion.

The construction industry is continuously growing due to an increase in low-to-medium-priced residential housing projects, commercial infrastructure, and government-backed infrastructure initiatives, including roads, bridges, and highways. As the construction industry develops and evolves, the requirement for construction equipment and machines becomes essential. There is an increase in various types of infrastructural development projects, such as residential buildings, commercial complexes, and industrial facilities. Each project needs various kinds of machines for construction, repair, maintenance, and renovation. Rapid urbanization and population outbursts drive the necessity for new housing, commercial spaces, and infrastructure. For instance, in March 2023, the Canadian Kelowna City Council stated authorization for funding of US$ 90 million for the expansion project of the Kelowna Airport terminal. Thus, the growth of the construction industry steers the demand for piling machines, as these are among the fundamental tools that ensure operational efficiency across a wide range of projects.

On the contrary, technological limitations and availability of substitute methods hampers 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 41.5% share of the North America piling machines market in 2023, amassing US$ 670.31 million. It is projected to garner US$ 891.67 million by 2031 to expand at 3.6% CAGR during 2023–2031.

Based on method, the North America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 52.2% share of the North America piling machines market in 2023, amassing US$ 842.66 million. It is projected to garner US$ 1,124.59 million by 2031 to expand at 3.7% 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 North America piling machines market is segmented into the US, Canada, and Mexico. The US held 81.8% share of North America piling machines market in 2023, amassing US$ 1,319.73 million. It is projected to garner US$ 1,817.93 million by 2031 to expand at 4.1% 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.

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