Report : South 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 2.7% CAGR, the South America Piling Machines Market is speculated to be worth US$ 182.97 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America piling machines market was valued at US$ 155.49 million in 2022 and is expected to reach US$ 182.97 million by 2028, registering a CAGR of 2.7% 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 South America piling machines market expansion.
Companies in the piling machines markets focus on offering new, upgraded products to meet the evolving needs of customers. In April 2022, SANY UK launched SR235 multipurpose piling rig. With an operating weight of ~90 tons, the SR235 is powered by a Stage V Volvo engine, which contributes to its reliability and efficiency. In 2019, Soilmec S.p.A. introduced new SM drilling rigs for the foundation of micro piles and anchoring. In May 2021, the company introduced new Soilmec SM-11 medium-sized drilling rigs that have a very high nursing force. These rigs feature an appropriate combination of performance and effectiveness and provide a compact enterprise for limited-access job places. Moreover, they are easy to set for dissimilar working needs. In January 2020, Soilmec acquired a majority stake in Watson Inc., a manufacturer of foundation rigs, as part of a more comprehensive project aimed at securing growth in foreign markets. Thus, such recent technological developments and product innovations in piling machines are likely to bring new trends in the South America piling machines market in the coming years.
On the contrary, effects of ground vibrations are restraining the growth of South America piling machines market.
Based on product, the South America piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 43.2% share of South America piling machines market in 2022, massing US$ 67.24 million. It is projected to garner US$ 77.34 million by 2028 to expand at 2.4% CAGR during 2022–2028.
Based on method, the South America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 53.2% share of South America piling machines market in 2022, massing US$ 82.65 million. It is projected to garner US$ 93.83 million by 2028 to expand at 2.1% 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 South America piling machines market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 47.1% share of South America piling machines market in 2022. It was assessed at US$ 73.28 million in 2022 and is likely to hit US$ 89.71 million by 2028, exhibiting a CAGR of 3.4% during the forecast period.
Key players dominating the South 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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