Global Surface Drilling Rig Market Size, Trends, Share 2032

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The Piling Machine Global Market Report 2023 by The Business Research Company, provides piling machine market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/piling-machine-global-market-report

According to The Business Research Company’s Piling Machine Global Market Report 2023, the global piling machine market is expected to grow from $4.45 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 4.07%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the piling machine market is expected to reach $5.42 billion in 2027 at a CAGR of 4.04%.

The growth of the construction industry across the globe is expected to propel the piling machine market. Construction activities refer to a business engaged in the design, development, and construction of buildings using construction materials. Piling machines are used in vertical vibrations to embed sheet piles and pipes in the construction of buildings, commercial offices, and industrial construction.

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The piling machine market is segmented:

1) By Product: Impact Hammer, Vibratory Drivers, Piling Rigs, Other Products

2) By Piling Method: Impact Driven, Drilled Percussive, Rotary Bored, Air-lift RCD Rig, Auger Boring, Continuous Flight Auger, Other Piling Methods

3) By Application: Civil Engineering, Oil And Gas, Industrial Construction, Other Applications

Technological advancements are a key trend in the piling machine market. Major players are creating innovative piling technologies to sustain their position in the piling machine market. For instance, in January 2022, High-Speed Two (HS2) Limited, a UK-based company specializing in developing high-speed rail networks, developed and performed a trial of the hollow-impressed precast energy-reusable pile (HIPER). HIPER is a new and innovative piling technology that is a greener option and uses a novel method that replaces solid foundation piles made of concrete with recyclable hollow ones made from scrap steel and reduces cement’s carbon-intensive content by up to 70%.

The piling machine market report table of contents includes: