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Pile Boring Machines Market Analysis

  • Report ID: GMI8251
  • Published Date: Feb 2024
  • Report Format: PDF

Pile Boring Machines Market Analysis

Based on the product, the rotary drilling segment held approximately 24% share of the market in 2023. Rotary drilling is a preferred method as it offers versatility and efficiency. These techniques enable faster and more precise foundation installation compared to traditional methods. Contractors increasingly favour rotary drilling for its ability to handle various soil types and project requirements, accelerating its adoption across a wide range of construction applications, from building foundations to infrastructure projects. As a result, contractors are more inclined to adopt rotary drilling methods for pile boring applications.

Global Pile Boring Machines Market Revenue Share, By Application, 2023 (%)

Based on the application, the construction segment captured around 32% market share in 2023. The segment contributes to the growth of the pile boring machines market as infrastructure projects escalate with increasing urbanization and infrastructure investments, construction activities continue to expand, sustaining the demand for pile boring machines as indispensable tools in the construction industry.

Asia Pacific Pile Boring Machines Market Size, 2022-2032 (USD Million)

Asia Pacific dominated the global pile boring machines market with a share of over 32% in 2023, influenced by rapid urbanization and infrastructure development. Increasing investments in residential, commercial, and transportation infrastructure projects fuel the demand for pile boring machines. With emerging economies prioritizing modernization and urban expansion, Asia Pacific emerges as a key growth region for pile boring machine manufacturers and suppliers.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of pile boring machines market was reached USD 1.6 billion in 2023 and is anticipated to register a CAGR of over 6% between 2024 and 2032, driven by the shift towards sustainable energy sources, wherein the machines help in installing deep foundations for renewable energy infrastructure.

Rotary drilling segment held a market share of around 24% in 2023 and is expected to grow significantly through 2032, owing to its versatility and efficiency.

Asia Pacific pile boring machines market accounted for over 32% revenue share in 2023 and is poised to grow rapidly till 2032, influenced by rapid urbanization and infrastructure development.

ABI Equipment, Bauer Maschinen , Casagrande , Junttan Oy, Liebherr , MAIT, SANY, Soilmec , Tesmec are some of the major industry contenders.

Pile Boring Machines Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 21
  • Pages: 260
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