Latin America Piling Machine Market Size & Outlook
Latin America piling machine market, 2018-2030 (US$M)
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Latin America piling machine market highlights
- The Latin America piling machine market generated a revenue of USD 248.1 million in 2022.
- The market is expected to grow at a CAGR of 3.6% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 248.1 million |
| Market revenue in 2030 | USD 330.1 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Piling rigs |
| Fastest growing segment | Piling rigs |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 5.1% of the global piling machine market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,977.3 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 42.44% in 2022. Horizon Databook has segmented the Latin America piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America piling machine market is expected to witness moderate growth over the forecast period. Rising construction activities in the region owing to strong economic and policy reforms, lower base effects, and robust project pipeline are expected to drive the demand for piling machines in the region.
In addition, favorable policies aiming to improve the business environment are expected to attract higher private investments in industries including manufacturing and construction, which is expected to propel the market growth over the forecast period. The above table shows the top 10 infrastructural projects in Latin America. The growing infrastructural projects are expected to drive the demand for piling machines over the forecast period.
Piling machines play a crucial role in infrastructure projects, particularly in construction and foundation works. They are used for driving piles into the ground to provide structural support for buildings, bridges, and other structures. For instance, piling machines are used to install deep foundations, transferring the load of the structure to a deeper, more stable soil or rock layer.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America piling machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America piling machine market size, by country, 2018-2030 (US$M)
Latin America Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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