Worldwide Market Reports added Latest Research Report titled „Piling Machines Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026“ to its Large Report database.
A foundation equipment that is used to drive piles into the soil for providing support to buildings and structures is called as piling machine. There is an important need to analyze the load bearing capacity of the soil prior to the construction of a building. If the soil is unstable to carry heavy loads, construction of deep foundations are essential. These foundations provide a stronger base for the buildings and help in withstanding seismic activity and wind forces. Piling machines are mainly used in construction or infrastructure projects associated with rail infrastructure, bridges or highways.
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A rapid growth in population in the U.S., which has led to an increasing demand for residential and commercial infrastructure such as residential buildings, commercial buildings, bridges, highways, and metro rails is expected to increase demand for piling machines. Moreover, non-conventional shale gas and tight oil exploration activities in North America is also expected to drive growth of piling machines market. The number of projects associated with generation of power from wind and solar energy is another major factor that will propel growth of piling machine market over the forecast period.
Air and noise pollution caused during the operation of piling machines have resulted in stringent regulatory policies, which is expected to restrain growth of piling machines market. Moreover, high price of piling machines is expected to hamper growth of the market.
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Key Developments in Piling Machines Market :
Key players in the market are adopting strategies such as merger and acquisition to improve their product portfolio and geographical expansion. A subsidiary of Junttan Oy was recently established in Laurel, Delaware USA. Turbojet technology, which is a combination of mechanical mixing and jet grouting is one of the key developments of Soilmec S.p.A. Moreover, in March 2018, Soilmec launched a new medium-size piling rig. A contract for the delivery of drives for Magni machines was signed by the Liebherr components division of Liebherr Group and Magni Telescopic Handlers Srl, a leading manufacturer of rotating telescopic handlers based in Modena (Italy) in April 2018. Casagrande will present its latest construction machinery technology at Intermat 2018.
Some of the major players in the piling machines market include Bauer Group, Junttan Oy, Soilmec S.p.A, Liebherr Group, BSP International Foundations, Casagrande S.p.A., International Construction Equipment, DELMAG GmbH & Co. KG, Changsha Tianwei Engineering Machinery Manufacturing Co., Ltd., and MAIT S.p.A among others.
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