Piling Machine Market Picks Up

Construction equipment is continuing to evolve at a rapid pace—especially as the market grows and progresses. As one example, the global piling machine market is anticipated to increase, due to a number of factors.

A report from Grand View Research forecasts the global piling machine market is expected to reach $6.47 billion by 2024, due to increasing usage and rapid expansion in transport, water, energy, social infrastructure, hospitals, schools, government, defense infrastructure and natural resources. Rising wind farms will also augment industry growth.

The research shows this is also due to rapid urbanization, population growth and government infrastructure development initiatives in countries such as India, China, Thailand, Saudi Arabia, UAE, Thailand and Malaysia.

Still, North America is expected to drive demand on account of the growing construction sector. The report shows the North America piling machine market is estimated to be worth $1.19 billion by 2024. Additionally, under the National Infrastructure Plan of Mexico, the government has planned an investment of $590 billion from 2014 to 2018, which will drive new construction.

Looking at the market, vibratory drivers accounted for 20.6 percent of the overall industry in 2015 and will see growth, due to increased application in sandy and gravel geographies. However, regulations to reduce the vibrations and noises during construction could lessen growth.

As infrastructure projects pick up, so too will the use of piling machines across the globe. As this happens, the equipment will continue to evolve, creating new opportunities for construction professionals to improve efficiencies at the jobsite.

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