Global Pile Driving Equipment Market 2016-2020

Outlook of the pile driving equipment market

Technavio’s market research analysts have predicted the global pile driving equipment market to grow steadily at a moderate CAGR of more than 6% during the forecast period. Significant investments in infrastructure development have resulted in a surge of construction projects around the world. Moreover, an increasing population and favourable conditions for international trade and tourism have prompted governments to invest heavily in the construction of airports. Therefore, the large-scale investments in public infrastructure development, such as airports, will aid in the growth of this market over the forecast period.

In this industry research report, the analysts have estimated eminent factors such as the emergence and adoption of innovative piling technologies to spur the growth prospects of this market in the coming years. Manufacturers are increasingly focussing on developing technologies such as load testing, integrity testing, and sonic drilling to increase the performance and efficiency of pile driving equipment. For example, sheet piling is gaining popularity, and it is a part of the foundation process while reinforced concrete sheet piles and steel sheet piles are used for deep excavations. Moreover, resonance-free vibratory equipment produces less sound compared to conventional vibratory equipment, leading to its augmented demand. Therefore, the increasing demand for sophisticated and new-age pile driving equipment will bolster the growth prospects of this market until the end of 2020.

Geographical segmentation and analysis of the pile driving equipment market

• Americas
• APAC
• EMEA

During 2015, APAC dominated the pile driving equipment market and is anticipated to reach more than USD 2 billion by 2020. Factors such as the increasing number of infrastructure projects and scarcity of labor have compelled contractors to opt for modern piling throughout the construction process.  Moreover, substantial investments in infrastructure development in the region, especially in India and China, is expected to propel the growth prospects of the pile driving equipment market in APAC during the forecast period.

Competitive landscape and key vendors

The aviation test equipment market is consolidated due to the presence a few major vendor sin the market. Large players in the market are acquiring smaller counterparts to cater to the expanded customer base and growing demand. The vendors compete on the basis of cost, product quality, reliability, and aftermarket service. It is imperative for the vendors to provide cost-effective and high-quality test equipment to survive in the competition.

Top vendors in the market are –

• BAUER
• Casagrande
• Soilmec
• FAE

Other prominent vendors in the market are American Piledriving Equipment, Ashok Industries, BRUCE Piling Equipment, Changsha Tianwei Engineering Machinery Manufacturing, Dieseko, IHC FUNDEX Equipment, Junttan, PTC, Sany Beijing Heavy Machinery, Xuzhou Hercules Machine Manufacture, and Zhengzhou Defy Mechanical & Electrical Equipment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global pile driving equipment market?
• What are the key market trends impacting the growth of the global pile driving equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global pile driving equipment market?
• What are the market opportunities and threats faced by the vendors in the global pile driving equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global pile driving equipment market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Piling and Foundation Market in Malaysia 2015-2019
• Global Construction Robots Market 2016-2020
• Construction Market in EMEA 2015-2019
• Construction Equipment Market in the APAC Region 2015-2019

A pile driver is a type of mechanical device that is used to drive piles into the ground by raising a weight between guideposts and dropping it on the head of the pile. Since it helps to strengthen the soil and transfer the load to the ground, it can be used to provide foundation support for buildings or other structures. The machines used for piling vary in their load bearing capacity, the procedure of piling, and types of piles used. The vibrators used in them may either be high frequency, standard frequency, or resonance-free vibrators.

The global pile driver market report is part of Technavio’s heavy industry research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as construction, engineering tools, test and measurement, tools and components, and unit operations. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.