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Pile Boring Machines Market Trends

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

Pile Boring Machines Market Trends

In response to the increasing infrastructure demands globally, the pile boring machines industry experiences heightened activity. The growing emphasis on infrastructure development fuels construction projects requiring deep foundation support. As governments and private entities invest in roads, bridges, and high-rise buildings, the demand for pile boring machines continues to rise, reflecting the market's alignment with the expanding construction landscape.

The market sees a surge in demand owing to the increasing need for underground utility installation. As urban areas expand and infrastructure networks become more intricate, there is a growing requirement for laying underground utilities such as water pipes, electrical cables, and telecommunications lines. Pile boring machines offer efficient and precise methods for excavating and installing these utilities, positioning them as indispensable tools in meeting the infrastructure demands of modern urban environments.

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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