e Americas, APAC, and EMEA. The key leading vendors identified in the market are Bauer, Casagrande, Soilmec, and FAE.
Technavio’s market research analysts estimate the global pile driver market, to grow at a CAGR of more than 6% between 2016 and 2020. Significant investments in infrastructure development have resulted in a surge of construction projects around the world. Growing demand for construction machinery and equipment will accelerate the growth of pile drivers in the coming years. APAC leads the global pile driver market, accounting for 43% of eth total market share. Increasing number of infrastructure projects and scarcity of labor in the region have compelled contractors to opt for modern piling throughout the construction process.
The new market research report from Technavio provides a breakdown and analysis of the pile driver segments by technology.
“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,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research
Modern piling equipment monitors and provides the required hammer performance during pile installation while protecting the piles from damage. This enables the contractors and engineers on the construction site to complete the foundation process of buildings effectively. The selection of material for piles is important, as piles must be able to withstand both static and dynamic stresses induced during the driving process.
The key vendors in the global pile driver market include Bauer, Casagrande, Soilmec, and FAE. This 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.
A more detailed analysis is available in the Technavio report, Global Pile Driver Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
