UK Piling Machine Market Size & Outlook, 2022-2030
UK piling machine market, 2018-2030 (US$M)
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UK piling machine market highlights
- The UK piling machine market generated a revenue of USD 145.4 million in 2022 and is expected to reach USD 182.7 million by 2030.
- The UK market is expected to grow at a CAGR of 2.9% 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 145.4 million |
| Market revenue in 2030 | USD 182.7 million |
| Growth rate | 2.9% (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, UK accounted for 3.0% 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 Europe, Germany piling machine market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 371.1 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 38.93% in 2022. Horizon Databook has segmented the UK piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is a highly developed and market-oriented economy. Post-BREXIT declaration, the UK-based companies are focusing on domestic supply chains to support the growth of different industries in the country.
A favorable regulatory and legal environment, along with a coherent industrial strategy, is anticipated to drive the growth of piling machine market in the UK. The economy of the country has been consistent since the first quarter of 2022, after witnessing growth from the first quarter of 2021 (Post-COVID-19).
Inflation largely impacted disposable income and economists anticipate a risk of recession in the coming years owing to high interest rates. As of May 2023, the GDP of the UK fell by 0.1% compared to the previous month. The above chart depicts the GDP growth trend of the UK from May 2022 to May 2023.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK piling machine market , including forecasts for subscribers. This country databook contains high-level insights into UK piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK piling machine market size, by product, 2018-2030 (US$M)
UK Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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