At 4.3% CAGR, the South & Central America Piling Machines Market is Projected to be Worth US$ 405.43 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the South & Central America piling machines market was valued at US$ 289.05 million in 2023 and is expected to reach US$ 405.43 million by 2031, registering a CAGR of 4.3% from 2023 to 2031. Proliferation of electric and autonomous piling machines and emphasis on customization and specialized equipment are among the critical factors attributed to the South & Central America piling machines market expansion.

The adoption of automation technologies is growing rapidly across industries such as manufacturing, automotive, and IT. Many manufacturers are focusing on developing autonomous piling machines. In March 2023, Built Robotics introduced an autonomous pile-driving robot that is helping to build utility-scale solar farms faster, safer, and more cost-effectively, making solar viable even in the most remote regions. The robot, known as the RPD 35 or Robotic Pile Driver 35, can conduct site surveys, decide pile distribution, drive piles, and inspect the field at a rate of up to 300 piles/day with a two-person crew. Traditional methods may now complete roughly 100 heaps every day utilizing physical work. In March 2022, Mortenson deployed a smart pile distribution system to speed up the construction. Apart from the conventionally powered piling machines, many manufacturers are focusing on developing and launching electric-powered piling machines. In July 2023, Junttan, a hydraulic piling equipment manufacturer, developed a fully electric pile-driving rig. The electric pile machine is sustainable and has lower carbon emissions than regular piling machines. Such developments in autonomous technology in piling machines are expected to generate lucrative opportunities for piling machines in the coming years.

On the contrary, technological limitations and availability of substitute methods hamper the growth of South & Central America piling machines market.

Based on product, the South & Central America piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 48.2% share of the South & Central America piling machines market in 2023, amassing US$ 139.42 million. It is projected to garner US$ 198.20 million by 2031 to expand at 4.5% CAGR during 2023–2031.

Based on method, the South & Central America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 54.3% share of the South & Central America piling machines market in 2023, amassing US$ 156.93 million. It is projected to garner US$ 218.14 million by 2031 to expand at 4.2% 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 South & Central America piling machines market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 50.9% share of South & Central America piling machines market in 2023, amassing US$ 147.01 million. It is projected to garner US$ 187.72 million by 2031 to expand at 3.1% 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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