Global Piling Rigs market will reach 1589 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/19

The global Piling Rigs market is valued at 1181 million US$ in 2018 and will reach 1589 million US$ by the end of 2025, growing at a CAGR of 4.16% during 2019-2025.

Europe has the largest global export quantity and manufacturers in Piling Rigs market, while the China is the second sales volume market for Piling Rigs in 2018.

In the industry, XCMG profits most in 2018 and recent years, while Liebherr and SANY ranked 2 and 3.The market share of them is 18.08%, 14.42% and 13.58% in 2018.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are three mainly types of Piling Rigs, including Small-Sized - torque is Less than 150 kN m, Middle-Sized - torque is around 150-250 kN m and Large-Sized - torque is below 250 kN m. And Middle-Sized - torque is around 150-250 kN m is the main type for Piling Rigs, and the Middle-Sized - torque is around 150-250 kN m reached a sales volume of approximately 2399 Unit in 2018, with 60.46% of global sales volume.

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