According to our latest study on "Piling Machines Market Size and Forecast (2021-2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Product, Method, and Geography," the Piling Machines Market size was valued at US$ 7,444.88 million in 2023 and is expected to reach US$ 11,199.8 million by 2031. The Piling Machines Market is estimated to record a CAGR of 5.2% from 2023 to 2031.

Rising Importance of Piling Machines in Oil & Gas Industry to Provide Lucrative Opportunities for Piling Machines Market Growth During Forecast Period

The report includes growth prospects owing to the current Piling Machines Market trends and their foreseeable impact during the forecast period. The demand for energy is skyrocketing across the world with population growth. India is the third largest energy-consuming country worldwide after China and the US, and its energy consumption has doubled since 2000. As per the US Energy Information Administration (EIA), US energy consumption is anticipated to grow by 2050 owing to economic and population development. Natural gas has a potential application in electricity generation, in addition to several other industries. Moreover, due to the increasing energy uncertainties in Europe owing to the Russia-Ukraine war, governments are encouraging the utilization of natural gas. For instance, the governments of France and Germany announced their plans to initiate a 100-km hydrogen pipeline project in 2024. As a part of this project, GRTGaz, a prime gas supplier in France, is set to authorize the installation of a hydrogen pipeline linking France and Germany, marking a substantial step toward decarbonizing heavy industries in both countries. In addition, in 2023, the governments of Germany and Italy joined forces to form a projected gas pipeline. The proposed pipeline is a 3,300 km project and is anticipated to incorporate four European transmission system operators, including Trans Austria Gasleitung, Snam, Bayernets, and Gas Connect Austria, in Germany. The oil & gas sector has been playing a noteworthy role in the overall economy of the Middle East and Africa. Saudi Arabia, Nigeria, Angola, and other countries in the region are investing significantly in various oil & gas projects. There are more than 240 large, upcoming oil & gas projects in the Middle East and Africa, with a total valuation of ~US$ 911 billion. Thus, the growing number of oil & gas projects and plants is fueling the growth of the piling machines market across the globe.

Piling Machines Market Report: Key Findings

The Piling Machines Market analysis is based on segmental assessment. Based on type, the piling machines market is segmented into impact hammers, piling rigs, vibratory drivers, and others (soil mixing equipment, micro piling rigs, trench cutters, and diaphragm walls). In terms of method, the piling machines market is segmented into vibro piling, drilling, and driven drilling. Drilling is further segmented into Kelly, continuous flight auger (CFA), full displacement piles (FDP), micropiles, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South & Central America.

The piling rigs segment held the largest share in the Piling Machines Market share in 2023. A piling rig is a giant track-mounted drill used in various foundation projects in which drilling is required. It is used for creating piles into clay, sandy soil, silty clay, and similar environments. It is a construction machine mainly used to create piles of soil, clay, etc. Owing to their high flexibility, piling rigs are utilized for a wide range of applications, including cast-in piles, foundation reinforcement, and installing diaphragm walls. Vibratory hammers, screw drills, and impact hammers can also be attached to piling rigs. Owing to such use cases, product development activities also increased. In October 2022, Liebherr introduced six new unplugged machines for piling and lifting applications. The piling rigs are known as the LRH 100.1 and LRH 200, whereas drilling rigs are named LB 25 and LB 30. The new models are built on the firm's initial LB 16 electric drilling equipment, significantly expanding its range. In December 2023, Roger Bullivant Ltd (RBL) launched three 3500 Series Driven Piling Rigs-the 3501, 3502, and 3503. In August 2022, Bauer presented new piling rigs. Bauer introduced the eBG 33, which operates CO2-free owing to its big electric drive. In addition to typical drilling methods, high-performance methods such as soil mixing and double-head drilling are available, as well as the ability to use a trench cutter as an attachment. Bauer presents the latest generation of electric drilling rigs in the highest torque class. Such product development activities boost the adoption of piling rigs.

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