DUBLIN--(BUSINESS WIRE )--The "Piling Machine Market Trends, Growth & Analysis, by Product, by Method, by Application, by Region, Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
Rapid industrialization, coupled with growing commercial and residential construction activities, is fuelling the market growth.
The global piling machine market is poised to accumulate around USD 7.15 Billion by 2027. Piling machines are mechanical semiconductor equipment used to place poles or piles in the ground to support architectural structures. These machines are equipped with piles of different lengths and find extensive application in the construction of buildings, bridges, water tanks, etc. Continually increasing construction and mining activities in emerging economies, growing need for foundation machinery for construction purposes, surging demand for piling machines for railway infrastructure and metro rail system development, increasing investments in public infrastructure development, and the augmenting demand for these machines to install wind turbines, increasing use in solar power and power transmission plants, and the growing use in the oil & gas industry are the pivotal factors stimulating the growth of this market.
Governments worldwide have put forward several initiatives for efficient energy output via non-conventional energy sources like solar and wind, which, in turn, has escalated the demand for piling machines. Stringent government norms against construction noise and vibration in residential areas have encouraged manufacturers to develop low-noise piling machines. Moreover, increasing government expenditure on developing new technologies, such as micro piling, CFA, geothermal application drilling, large diameter piling, jet grouting, cutter soil mixing, and hydro-mill technology, also provide the global market with numerous growth opportunities in the future. However, the requirement for skilled labor for the smooth operation of heavy machinery like the piling machine, the high prices of these machines, and a low replacement rate due to these machines' long life are certain factors likely to hinder the global market expansion.
Key findings of the report:
Chapter 4. Piling Machine Segmentation & Impact Analysis
Chapter 5. Piling Machine Market By Product Insights & Trends
Chapter 6. Piling Machine Market By Method Insights & Trends
Chapter 7. Piling Machine Market By Applications Insights & Trends
Chapter 8. Piling Machine Market Regional Outlook
For more information about this report visit https://www.researchandmarkets.com/r/v4we5l
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900