Piling Machine Market Continues To Grow Owing To the Rising Demand from Construction Sectors, the Requirement for Skyscrapers, Growing Population, And Government Initiatives All Across the Globe

 

Piling Machine Market

Piling machine is especially helpful in construction jobs such as demolitions, foundation alterations, trenching, strip, and other digging-related projects. Piling machine can make the job faster, more efficient, and less stressful on the part of the digger or contractor. These machines have evolved over the years to provide better solutions in any type of construction endeavor. In the past, a contractor would need to manually pick up and put back into the earth where a pile had been left. With the advent of better machines like the belt conveyor, now a construction worker only needs to move the belt and the dirt will automatically be deposited in the truck, followed by manual pick-up. And if there's a problem with the belt, the user just needs to check and see if the problem needs any repair.

Market Dynamics                                  

The main factor influencing the growth of the piling machine market is the rapid construction of high-rise buildings. The increasing population in the urban areas has resulted in increasing demand for the construction of high-rise office and residential buildings. For instance, according to Forbes, in 2019 around 126 skyscrapers, which are 200 meters tall were constructed around the globe, while 146 were constructed in 2018. According to Council on Tall Buildings and Urban Habitat, there are currently 132 super tall skyscrapers going through construction phases around the globe. The demand for skyscrapers is increasing daily, owing to the limited availability of construction land. Additionally, government authorities are also increasing the investments in construction sectors for setting up new buildings in new cities, for catering to the rising demand from the growing population. These factors are estimated to propel the market growth of piling machine.

However, the noise pollutions caused by the piling machine is very high and is acting as the main restraining factor hindering the growth of the market. This noise pollution can result in harmful health effects such as sleep disturbance, hearing loss, tinnitus, high-stress levels, and hypertension, among others. Additionally, authoritarian bodies have put up various strict measurements regarding noise pollution, which is also a restraining factor hindering the market growth of pilling machines.

This market is distributed in five regions that include Asia-Pacific, North America, Europe, Africa, and the Middle East, and Latin America. In these, Asia Pacific is estimated to hold a significant share of the piling machine market owing to the rise of the construction sector in the region. For instance, according to Make in India, the construction sector of the region generated annual revenue of US$ 192 billion in 2019. Moreover, government initiatives related to the construction sector of the region are estimated to propel the market growth of the region. The piling machine market in North America is estimated to witness significant growth owing to the prominence of key players in the region.

Competitive Analysis

Key players in the global pilling machine market include Changsha Tianwei Engineering Machinery Manufacturing, BRUCE Piling Equipment, Ashok Industries, American Piledriving Equipment, BSP International Foundations, Tescar, Delmag, The Casagrande Group, Atlas Copco, Sinomach, Soilmec, and Bauer AG.

For instance, in April 2020, Bauer Group introduced a new foundation equipment RTG Rammtechnik Klemm and Bauer Mat Slurry Handling System at ConExpo 2020.