Global Pile Driving Equipment Market 2016-2020

Outlook of the pile driving equipment market

Technavio’s market research analysts have predicted the global pile driving equipment market to grow steadily at a moderate CAGR of more than 6% during the forecast period. Significant investments in infrastructure development have resulted in a surge of construction projects around the world. Moreover, an increasing population and favourable conditions for international trade and tourism have prompted governments to invest heavily in the construction of airports. Therefore, the large-scale investments in public infrastructure development, such as airports, will aid in the growth of this market over the forecast period.

In this industry research report, the analysts have estimated eminent factors such as the emergence and adoption of innovative piling technologies to spur the growth prospects of this market in the coming years. Manufacturers are increasingly focussing on developing technologies such as load testing, integrity testing, and sonic drilling to increase the performance and efficiency of pile driving equipment. For example, sheet piling is gaining popularity, and it is a part of the foundation process while reinforced concrete sheet piles and steel sheet piles are used for deep excavations. Moreover, resonance-free vibratory equipment produces less sound compared to conventional vibratory equipment, leading to its augmented demand. Therefore, the increasing demand for sophisticated and new-age pile driving equipment will bolster the growth prospects of this market until the end of 2020.

Geographical segmentation and analysis of the pile driving equipment market

• Americas
• APAC
• EMEA