Rise in Renovation and Remodeling Activities is Fueling the North America Piling Machines Market
Renovation involves the reconstruction of infrastructural facilities with modern and advanced construction materials to upgrade structural properties and improve the life span of buildings, alongside ensuring a minimal environmental impact. Rapid urbanization and industrialization have propelled the demand for better residential and commercial facilities. Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by taking several initiatives and promoting projects. The growing renovation and development activities, driven by investments in the modernization of existing infrastructure, boost the piling machines industry. Rising remodeling and construction operations in nonresidential spaces (including hotel and resort renovations) and increasing investments in industrial construction would also drive the demand for piling machines during the forecast period, thereby driving the North America piling machines market growth.
North America Piling Machines Market Overview
The North America piling machines market is segmented into the US, Canada, and Mexico. The North America piling machines market growth is attributed to the increasing construction activities and the rising residential and commercial building projects in the region. Increasing population and growing real estate industry have increased the use of piling machines for drilling platforms and constructing structures. Additionally, increasing residential construction projects in the region further contribute to the market's growth. According to the US Census Bureau, ~1,392,300 housing units were completed in 2022, which is 3.8% greater than the 2021 figure of 1,341,000 housing units. Moreover, increasing support from the governments of countries in North America for advanced infrastructural setup and rising investment in the construction sector are driving the piling machines market. For instance, according to the USAFacts, ~41% of federal transportation and infrastructure spending was on highway transportation, and 19% was for rail and mass transit in 2021. Further, the increasing construction of industrial projects such as power transmission plants, wind farms, solar power plants, and manufacturing plants is surging the use of piling machines. Kitty Hawk Offshore Wind Farm, Texas Mariah Onshore Wind Farm, Chokecherry Sierra Madre Onshore Wind Farm, Green Energy Initiative Project, and Empire Wind Offshore Wind Project are among wind power projects under construction in the US.
North America Piling Machines Market Segmentation
The North America piling machines market is segmented based on product, method, and country.
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 the largest North America piling machines market share in 2022.
Based on method, the North America piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held the largest North America piling machines market share in 2022. 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 dominated the North America piling machines market in 2022.
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 are the leading companies operating in the North America piling machines market.