North America Piling Machine Market size is expected to reach USD 1.24 billion by 2025

[Feb, 2019] The North America piling machine market size is expected to reach USD 1.24 billion by 2025, exhibiting a 3.8% CAGR. Under the National Infrastructure Plan of Mexico, the government planned an investment of USD 590 billion from 2014 to 2018 to promote the construction of residential and commercial structures. This was aimed at expanding the scope of foundation spending on a domestic level, thus fueling demand for piling machine in the near future.

Increasing importance of alternate sources of energy, such as wind, solar, and tidal, in order to reduce reliance on conventional resources, including crude oil and natural gas, is expected to spur wind turbine installations. This is expected to enhance the application of foundation work, which in turn, is likely to fuel demand for piling machine in the coming years. However, high price of piling machines on account of heavy-duty hydraulic systems, engines, and high durability tools is expected to be a key restraining factor for the market.

By product, the piling rigs segment is projected to exhibit high growth on account of their ability to perform multi-purpose functions, including auger and screw boring, drilling, and grouting. Expansion of railway networks in Mexico and Canada amidst surging establishments of metro rail networks is expected to fuel the importance of multi-functional pilling machines and have a positive impact on demand for piling rigs over the next few years. Impact hammers are anticipated to follow piling rigs in terms of growth owing to lower cost compared to other products, along with their ease of incorporation in the foundation industry.

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On the basis of application, the continuous flight auger segment will exhibit strong growth over the forecast period due to rising application in urban construction sites on account of low vibrations. Continuous flight auger utilizes a hollow central pipe with a continuous blade assembled on its surface, which helps in removing debris from the hole. Stringent norms against vibrations and noise in urban localities in U.S. is expected to increase the importance of CFA, thus fueling demand for piling machines over the coming years.

Mexico is projected to witness the fastest market growth over the forecast period. Rising demand for residential buildings on account of rapid urbanization in the country is foreseen to result in increasing application of piling machines in the construction industry. In July 2013, the government of Mexico announced a USD 316 billion investment for infrastructural development, which has played a key role in market demand.

Further key findings from the report suggest:

• By product, piling rigs accounted for the largest share of over 38.0% in 2016; it is also expected to register the fastest growth over the forecast period

• The continuous flight auger method segment is projected to exhibit the highest CAGR of 5.8% from 2017 to 2025

• While U.S. is the dominant market for piling machines in North America, Mexico is expected to register the fastest growth by 2025

• The competitive scenario in the industry is characterized by capacity expansion, capital expansion, and substantial investments to improve market share of manufacturers

• Some of the prominent companies in the industry are BAUER-Pileco; BSP International Foundations, Ltd.; Sinovo; International Construction Equipment, Inc. (ICE); and Atlas Copco.

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