The piling machines market refers to the market for machines used for the construction of deep foundation systems, such as piles and drilled shafts. These machines are used in a variety of applications, including building construction, infrastructure development, and industrial projects. The piling machines market is expanding due to the growing demand for new construction projects and infrastructure development.
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One of the key drivers of the piling machines market is the growing demand for new construction projects. With the global population continuing to grow, there is a growing demand for new housing, commercial buildings, and infrastructure. This has led to an increase in construction projects around the world, driving the demand for piling machines.
Companies
- BSP International Foundations
- Soilmec S.p.A.
- Casagrande Group
- Bauer Group
- International Construction Equipment
- Liebherr
- Junttan Oy
- DELMAG GmbH & Co. KG
- changsha Tianwei Engineering Machinery Manufacturing Co., Ltd.
- MAIT S.p.A.
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Another factor driving the piling machines market is the increasing focus on infrastructure development. Governments around the world are investing heavily in infrastructure development, including transportation, water and sanitation, and energy infrastructure. Piling machines are used in the construction of foundation systems for these infrastructure projects, driving the growth of the piling machines market.
The piling machines market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include Bauer Maschinen GmbH, Liebherr Group, Junttan Oy, and Casagrande S.p.A., among others. These companies are investing heavily in research and development to develop new and innovative piling machines that are more efficient and can be used in a wider range of applications.
One of the challenges facing the piling machines market is the high cost of these machines. Piling machines are complex and specialized pieces of equipment, and they can be expensive to purchase and maintain. This can be a significant barrier to entry for smaller players in the market.
Global Piling Machine Market Analysis, By Region
Sales revenue in Latin America is estimated to increase at a moderate CAGR over the forecast period to be valued at US$ 79.7 Mn by 2024. This is mainly attributed to a rapid growth of the mining industry in Peru and Chile, owing to discovery of abundant copper and gold reserves.
Sales of piling machines in North America was valued at US$ 235.5 Mn in 2017 and is anticipated to increase at a moderate CAGR over the forecast period, to reach US$ 328.7 Mn by the end of 2024. Piling machines sales volume in North America stood at 409 units in 2017 and is projected to reach a number of 522 units in 2024.
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