Latin America Region : Capnography Equipment Market Piling Machine Market Current Demand 2016 | Page 2

R e s e a r c h

Report Media Releases
Global Piling Machine Market Expected to Reach US$
1,577.6 Mn by 2024; Asia Pacific Expected to Dominate the
Market Through 2024
New sales of piling machines in 2015 was pegged at 1,611 units and this is anticipated to
increase at a CAGR of 3.8% over the forecast period (2016–2024) to reach 2,259 units by 2024.
In a new report titled “Global Piling Machine Market: Industry Analysis and Forecast, 2016-

M a r k e t

2024”, Persistence Market Research analyzes the global piling machine market performance
between 2016 and 2024 and provides insights into the key drivers and restraints impacting the
market.
The global piling machine market is likely to grow exponentially over the forecast period owing to
an increasing demand for residential and commercial infrastructure such as residential buildings,
commercial buildings, bridges, highways, metro rails, etc. as a result of the growing population
worldwide, along with increasing disposable income especially in emerging economies such as
China and India. A rising investment in advanced technologies for the production of energy from
non-conventional sources such as wind and solar energy is further likely to boost market growth.

P e r s i s t e n c e

However, rising concerns over air and noise pollution during the operation of piling machines
resulting in stringent regulatory policies regarding the same is expected to restrict sustained
growth of the global piling machine market.
Browse Complete Report Here @ http://www.persistencemarketresearch.com/marketresearch/piling-machines-market.asp
The global piling market has been segmented on the basis of product type (diesel hammer,
vertical travel lead systems, hydraulic hammer, hydraulic press-in, vibratory pile driver, piling rig)
and region (North America, Asia Pacific, Latin America, Europe, and Middle East & Africa).
According to analysts at Persistence Market Research, the piling rig product type segment is
estimated to account for a maximum share of 36.4% of overall market sales by the end of 2016
and this segment is anticipated to be valued at US$ 678.9 Mn by 2024. The vibratory pile driver
segment is projected to be the second largest segment and is anticipated to contribute a sales
revenue of US$ 192.9 Mn by 2016. The hydraulic press-in segment is anticipated to be the

Global Piling Machines Market 2016-2024