Canada Piling Machine Market Size & Outlook, 2022-2030
Canada piling machine market, 2018-2030 (US$M)
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Canada piling machine market highlights
- The Canada piling machine market generated a revenue of USD 96.4 million in 2022 and is expected to reach USD 121.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, piling rigs was the largest revenue generating product in 2022.
- Piling rigs is the most lucrative product segment registering the fastest growth during the forecast period.
Piling machine market data book summary
| Market revenue in 2022 | USD 96.4 million |
| Market revenue in 2030 | USD 121.7 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Piling rigs |
| Fastest growing segment | Piling rigs |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Impact hammer, Vibratory drivers, Piling rigs |
| Key market players worldwide | Epiroc AB DR, Sany Heavy Equipment International Holdings Co Ltd, Liebherr Group, BAUER Group, XCMG Group, Casagrande, Watson Drill Rigs, International Construction Supplies, ABI Gruppe, Fundex Equipment, Dieseko Group B.V., IQIP, Junttan, Trevi Finanziaria Industriale |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global piling machine market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. piling machine market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 89.4 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada piling machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to piling machine market will help companies and investors design strategic landscapes.
Piling rigs was the largest segment with a revenue share of 39.21% in 2022. Horizon Databook has segmented the Canada piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is transitioning from a natural resource-based economy to a high-tech, service-based economy. Increasing population, rapid urbanization, and increased rate of migration are some of the primary factors driving the growth of residential construction in Canada.
Non-residential construction segment is expected to rise and benefit from this economic transition and will drive commercial construction activities in key markets including Toronto, Montréal, and Vancouver. Increasing investments in new manufacturing facilities to reach peak capacity utilization are projected to augment the demand for piling machines in the country.
In addition, the country is witnessing numerous infrastructural development projects which is anticipated to support the piling machines market growth. Infrastructural development projects including Fairbank Silverthorn Storm Trunk and Sewer System, Site C Clean Energy Project, GO Expansion – On-Corridor Works, Bruce Power Refurbishment Project, among others. Thus, the increasing infrastructural projects are anticipated to propel the market growth over the projected period.
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Our clientele includes a mix of piling machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada piling machine market , including forecasts for subscribers. This country databook contains high-level insights into Canada piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada piling machine market size, by piling method, 2018-2030 (US$M)
Canada Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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