The report forecasts the global pile driving equipment market to grow at a CAGR of 6.47% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend that is boosting market growth is the emergence of innovative piling technologies. To increase the performance and efficiency of pile driving equipment, manufacturers are developing various technologies such as load testing, integrity testing, and sonic drilling. Sheet piling is increasingly gaining popularity and it is a part of the foundation process. Reinforced concrete sheet piles and steel sheet piles are generally used for deep excavations.
According to the report, a key growth driver is the rise in public infrastructure development. The increased investment in infrastructure development worldwide has resulted in a surge in the number of construction projects. This, in turn, will propel the demand for pile driving equipment during the forecast period. The global infrastructure spending will likely reach $9.1 trillion by 2025, as compared to $4.1 trillion in 2012. Thus, $78 trillion is anticipated to be spent between 2014 and 2025 for the development of infrastructure globally.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- FAE SpA
- Soilmec SpA
- American Piledriving Equipment
- Ashok Industries
- BRUCE Piling Equipment
- Changsha Tianwei Engineering Machinery Manufacturing
- IHC FUNDEX Equipment
- Sany Beijing Heavy Machinery
- Xuzhou Hercules Machine Manufacture
- Zhengzhou Defy Mechanical & Electrical Equipment
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Key leading countries
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: About the Author
For more information visit http://www.researchandmarkets.com/research/lcz9gh/global_pile
Research and Markets
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SOURCE Research and Markets