Global Piling Rigs Market Status: Sales Value is $4935.14 Million in 2024

Global Piling Rigs Market Overview

According to Global Market Monitor, the global piling rigs market size is $4935.14 million in 2024 with a CAGR of 8.94% from 2024 to 2029.

A piling rig is a construction machine for piling in foundation engineering. It is mainly applied to drill in sandy soil, clay, silty clay, etc., and is widely used in cast-in-place piles, diaphragm walls, foundation reinforcement, and other foundation projects.

Market Drivers

Due to rapid urbanization and the increasing demand for roads, railways, buildings, and related infrastructure caused by population growth, the global construction industry is growing steadily. In addition, governments worldwide are paying attention to the development of transportation infrastructure. These measures by the government will promote construction projects worldwide and lead to the growth of pile foundation engineering, which in turn may stimulate the demand for piling machines.

Increasing R&D expenditure leads to developing and introducing new technologies, including micro-pile, continuous auger, geothermal application drilling, jet grouting, large-diameter pile, and deep partition wall with cutting soil mixing and water milling technology. The development of new products expands the application range of products and meets the requirements of specific applications, thus enhancing the competitive position of piling equipment in the market.At the same time, market participants also form strategic partnerships with other industry participants to develop new products, integrate value chains and global operations, share resources and expertise for research and development, and explore new markets. These measures are conducive to promoting market development.

Regional Market

The growth of the construction industry is a key factor leading to the demand for pile drivers, with the Asia-Pacific region dominating the market in 2023. Due to heavy government investments in the development of public infrastructure and expansion of the residential construction industry, the region's economy is expected to boom during the forecast period, which is expected to benefit the Asia-Pacific market. The Asian Transport Outlook estimates that the region will need 8 million kilometres of new roads by 2030. In addition, by 2030, the cost of operating and maintaining the region's road network is expected to exceed the cost of building new roads. The European market holds the second largest market share in 2023, and the growth of the European market is expected to be significantly driven by its thriving residential sector in the coming years. The surge in investment in the development of civil engineering structures will increase the demand for pile drivers in Europe.

According to the World Bank, more than half of the world's population will live in cities in 2023, and this trend is expected to continue, with urban populations more than doubling in size by 2050. As the urban population grows, so does the need for transportation and residential infrastructure. To ease congestion and facilitate smooth traffic flow, cities often invest in the construction and expansion of highways.

By Type	Small-Sized-Torque is Less than 150 kN m
	Middle-Sized-Torque is around 150-250 kN m
	Large-Sized-Torque is over 250 kN m
	The large-sized-torque is over 250 kN m segment contributes the largest market share.
By Application	Municipal Construction
	Expressway & Bridge
	Industrial & Civil Buildings
	Water Conservancy Project
	Others
	The water conservancy project segment occupies the biggest share.

For more industry information, please refer to our latest released "2023 Global Piling Rigs Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".