Piling Machine Market Foresees Skyrocketing Growth in the Coming Years
Asia Pacific region accounted for the largest market share in the pilling machine market, owing to increasing construction projects and increase government initiatives towards the smart city project will increase the demand of modern technologies such as CAD/CAM, BIM, and pilling machine. For instance, according to the Department of Industrial Policy and Promotion (DIPP), India received US$ 24.7 billion of Foreign Direct Investment (FDI) in construction development sectors for housing, built up infrastructure and construction development from April 2000 to September 2017. Moreover, rising population and rapid urbanization are leading to construction of new transport and utility infrastructure, educational institutions, and healthcare facilities, which will require the new construction equipment in order to save the time for the construction. Hence, this factor is expected to propel growth of the pilling machine in this particular region.
However, North America is expected to exhibit highest growth rate during the forecasted period. This is due to government initiatives to increase construction of dams, airports, roads, and bridges.
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A piling machine is a mechanical device used for placing poles or piles in the ground for supporting architectural structures. Pilling machines have piles of variable lengths that can be extended through soft compressible or swelling soils into suitable bearing material; large excavations and subsequent backfill are minimized; and less disruption is caused to the adjacent soil. These machines are used for construction of buildings, bridges, water tanks, etc. Increasing investments in development of infrastructure have resulted in increasing construction projects, which is one of the major factors leading to increasing demand for pilling machine. Moreover, increasing population and has encouraged governments to increase their investment in construction projects.
Increasing number of high-rise building construction is one of the factors helping in driving growth of the market
Rising population in urban areas has led to increasing demand for high-rise construction of residential and office buildings. Also, demand for high-rise building is increasing due to limited availability of land for construction. Moreover, governments are also increasing investments for setting up new infrastructure in new cities, to cater to increasing demand from the rising population. These factors are expected to aid in growth of the market.
High noise pollution from the use of the machine is one of the key challenges for growth of the market
The noise pollutions caused by pilling machine is significantly high. This noise pollution can cause hypertension, high stress levels, tinnitus, hearing loss, sleep disturbances, and other harmful effects. This sound adversely affects one’s quality of life. Moreover, government has set up stringent regulations on noise pollution, which is will also hamper growth of the market.
Proliferation of smart cities and connected infrastructure will propel the industry growth through 2025
According to United Nations’ press released in July 2014, around 54% of the global population lived in urban areas, which is expected to reach around 66% by 2050. Rapid urbanization across all the major global economies, specifically in the BRIC countries is expected to drive demand for infrastructure. Moreover, increasing population and government interests in smart city infrastructures is expected to inadvertently fuel growth of the market. For instance, according to the white paper report by Technology that was sponsored by the United Parcel Services and Consumer Technology Association, the smart city initiatives rose to over 235 in 2016, an estimated surge of over 38% in comparison to 2013 in the U.S. Proliferation of such infrastructural activities are expected to create a conducive environment for growth of the pilling machine market.
Growing adoption of multi-functional piling machines is expected to drive demand for rigs
Piling rigs segment is expected to account for the largest market share in 2017 and is expected to exhibit high growth rate during the forecasted period. This is due to the ability of rigs to perform multi-purpose functions including drilling and grouting and auger and screw boring. For instance, in expansion of railways network in various countries including China, India, UAE, and Saudi Arabia, new projects for the construction of new metro rail systems will positively increase demand for multi-functional piling machines, which in turn will help in boosting growth of the pilling machine market during the forecasted period.
Pilling Machine Market: Competitive Background
The pilling machine industry is highly fragmented in nature, due to the presence of local manufacturers. Furthermore, majority of local manufacturers supply products on a rental basis, owing to high operating cost of the equipment. Key players in the global industry include Bauer AG, Soilmec, Atlas Copco, Sinomach, The Casagrande Group, Tescar, Delmag, and BSP International Foundations. American Piledriving Equipment, Ashok Industries, BRUCE Piling Equipment, and Changsha Tianwei Engineering Machinery Manufacturing.
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