Global Piling Sheet And Anchoring Equipment And Trench Shoring System Market will be valued at US$ 3,452.8 Mn in 2016
The global piling sheet, anchoring equipment, and trench shoring system market is anticipated to witness a cumulative Y-o-Y growth of 5.8% during the period 2016–2024. In a new report titled “Piling Sheet, Anchoring Equipment, and Trench Shoring System Market: Global Industry Analysis and Forecast, 2016–2024”, Persistence Market Research provides insights on the global piling sheet, anchoring equipment, and trench shoring system market performance over an eight-year forecast period (2016–2024).
Market drivers and trends
Increasing number of infrastructure projects in faster growing economies and the recovering construction sector in relatively mature economies is expected to propel the demand for piling sheets, anchoring equipment, and trench shoring systems globally. An increase in mining exploration and excavation activities in some key geographies such as Canada, South Africa, and India are further likely to fuel demand. According to Persistence Market Research, rising adoption of aluminium trench boxes and replacement of traditional piling sheet wall structures are some of the key market trends likely to be witnessed in the coming eight years.
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Sales revenue of the global piling sheet market is expected to increase at a CAGR of 5.5% during the forecast period. The global anchoring equipment market is expected to expand at a CAGR of 4.7% during the forecast period. Sales revenue of the global trench shoring system market is expected to increase at a CAGR of 3.8% during the forecast period. The cold rolled piling sheet sub segment is expected to witness relatively faster growth in terms of revenues as compared to the other piling sheet sub segments. In the anchoring equipment segment, the strand anchor segment will remain the largest segment with an estimated revenue contribution of 46.5% in 2015. The drill hollow bar segment is expected to ramp up in higher revenues as compared to the threadbar and helical anchor segment. In the trench shoring system segment, the slide rail shoring system will account for maximum revenue contribution of 42.1% by 2024 end as compared to other segments. The pipe grabber segment is expected to expand at a higher rate as compared to the pipe puller segment during the forecast period.
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On the basis of the region, Asia Pacific recorded a dominant market share of 37.3% in terms of value in 2015. The Middle East & Africa and Latin America piling sheet, anchoring equipment, and trench shoring system markets are expected to witness thriving demand during the forecast period characterized by an increasing growth of the infrastructure sector in these regions. The U.S market is expected to witness moderate growth in terms of revenue during the forecast period. Europe will witness sluggish growth owing to gradual economic recovery during the 2016–2024 period; however, the market is expected to grow after 2019.
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