In the world of construction, having the right tool is the most important thing. The growth of the construction sector in various countries in light of population growth, and infrastructure development initiatives by government and urbanization is likely to endorse the foundation activity. Growing wind farms are expected to enhance the industry growth.
Piling machines are used in several projects related to infrastructure like highways, tunnels, railways, bridges etc. is a kind of foundation tool. These machines usually drive piles into the soil for providing support to structures and buildings. As these days various techniques are winning popularity, one such technique of composite piling of cement and soil is getting recognition. Pile driver use to be one the most impressive tool used in early days.
In recent years, the piling machine with extruding arms have great loading capacity has found wider application in civil engineering construction. Though, in the development of piling machine products, analysis on soil mechanic is a key component but if there is any kind of complexity then it becomes difficult to identify the constraints in the design. In order to simulate the actual working condition of machines to be designed, automatic dynamic analysis of mechanical system can be done on the basis of virtual prototyping technology. As this process reduces the product development cycle accordingly with the results of simulation by providing suitable modifications to the virtual prototype.
Major Market Drivers and Restraints
The factors that will propel the growth of industry include growing usage of product in commercial structures, solar power plants, manufacturing facilities, power transmission plants, wind farms, drilling platforms, mining bases, and residential premises. Moreover, social infrastructure, rapid expansion in transport, government accommodation, schools, water, defense infrastructure, energy, and natural resources, and hospitals will build huge market potential.
In emerging economies like India and China rising plea for residential as well as commercial buildings with high disposable income will definitely fuel the demand for more number of piling machines. While in North America, growing activities related to tight oil exploration and non-conventional shale gas is drive the demand and market growth of piling machines. Moreover, rise in number of power generation projects through solar and wind energy will also boost the need for foundation work.
However, rising issues related to noise and air pollution during piling machine operations that results in strict regulatory policies regarding the same is restraining the market growth of piling machine.
The global market of piling machine is segmented based on the product type into hydraulic hammer, hydraulic press-in, vibratory pile driver, diesel hammer, piling rig, and vertical travel lead systems. On the basis of regions, it is segmented into Europe, North America, Latin America, Asia Pacific (APAC), and Middle East & Africa (MEA). Asia Pacific region is anticipated to the dominant the global market of piling machine and is primarily attributed to budding urbanization that results in a quick expansion of residential areas of urban as well as semi-urban sectors are driving infrastructure projects in India and China.
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Key Players in the Market
Major players in the global market of piling machine that focus on constructing innovative economical products and energy-efficient to stay competitive and to boost sales in emerging markets are Soilmec S.p.A, Casagrande S.p.A., Bauer Group, BSP International Foundations, International Construction Equipment, Liebherr Group, DELMAG GmbH & Co. KG, Changsha Tianwei Engineering Machinery Manufacturing Co. Ltd., Junttan Oy, and MAIT S.p.A.