Worldwide Screw Piles Market to reach USD 1259.01 million by 2029 | Comprehensive Research Report by Exactitude Consultancy

The screw piles market refers to the industry involved in the manufacturing, distribution, and installation of screw piles, also known as helical piles or screw anchors. Screw piles are used as a foundation solution for various applications, such as residential and commercial buildings, infrastructure projects, and industrial structures.

PUNE, India, April 6, 2023 /PRNewswire/ -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Screw Piles Market.

The Screw Piles Market is expected to grow at 4.5% CAGR from 2023 to 2029. It is expected to reach above USD 1259.01 million by 2029 from USD 847.20 million in 2022. The growing investments by the government in infrastructure & public facilities and growth in sectors such as marine, agriculture & defence are expected to drive the market over the predicted years. The Global Screw Piles Market Report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Screw piles or helical piles are a system of steel screw-in and floor anchoring used to build deep foundations. These are also referred to as screw anchors, helical piles, and helical anchors. They are manufactured by different sizes of tubular hollow sections for anchor shafts. Screw piles are cost-effective foundation systems installed using excavators fitted with a rotary driver head attachment. By Type (SS-RS Combinations Type Screw Piles, SS (Square Shaft) Type Screw Piles, RS (Round Shaft) Type Screw Piles, Helical Grouted Displacement Piles (HGD Piles)), By Application (Utility, Railways, Roadway, Bridges and Walkway, Agriculture, Construction, Marine, Commercial Construction, Others), By Distribution Channel (Online Channel, Offline Channel) and by Region, Global trends and forecast from 2023 to 2029.

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Screw Piles Market Overview:

The screw piles market is a rapidly growing industry that is involved in the production, distribution, and installation of screw piles, which are commonly used as a foundation solution in a variety of construction applications. Screw piles, also known as helical piles or screw anchors, are steel shafts with helical plates that are screwed into the ground using hydraulic equipment, providing a stable and durable foundation for a range of structures.

The use of screw piles as a foundation solution is becoming increasingly popular due to their versatility, ease of installation, and cost-effectiveness compared to traditional foundation methods. Screw piles can be used in a variety of soil types and can be installed in tight spaces where traditional foundation solutions may not be possible. Additionally, screw piles can be quickly installed and immediately loaded, reducing project timelines and costs.

The market for screw piles is driven by a range of factors, including the growth of the construction industry, infrastructure development, and the increasing demand for sustainable and eco-friendly building solutions. Screw piles are also gaining popularity in regions prone to seismic activity or where soil conditions are challenging.

The screw piles market is segmented based on the application, end-use industry, and geography. Applications of screw piles include residential and commercial buildings, infrastructure projects, industrial structures, and others. End-use industries of screw piles include construction, oil and gas, renewable energy, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

The major players operating in the screw piles market include Techno Metal Post, Hubbell Power Systems, Inc., GoliathTech, Inc., Krinner Ground Screws, Inc., and A.B. Chance Company. These companies are investing heavily in research and development to improve the efficiency and effectiveness of screw piles and expand their product offerings to meet the growing demand for sustainable foundation solutions.

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Global Screw Piles Market Dynamics

Drivers

• The ongoing infrastructural developments around the world

The rapid growth of the global construction sector is the primary driver behind the surge in the screw piles market. Moreover, the rising government investment in infrastructure and public facilities has also contributed to the increase in demand for screw piles. The commercial sector, including commercial kitchens, healthcare, business parks, institutions, and entertainment, has witnessed continuous growth, which has further fueled the use of screw piles in foundation construction. Screw piles are preferred in urban construction due to their exceptional displacement ability, load-bearing capacity, minimal site disturbance, immediate load-carrying capability, and quick installation. Additionally, the expansion of the marine, industrial, agricultural, defence, and government sectors has led to the development of innovative civil structures, thereby propelling the demand for screw piles.

• Evolution in modern construction and growing mergers and collaborations

Screw piles have gained popularity in innovative construction, such as solar farms, agricultural construction, and modular construction, owing to their speedy installation capability and building structure. The leading global players are striving to expand their businesses by emphasizing product innovation and collaborations. Consequently, a significant number of mergers and acquisitions are anticipated, which will result in a highly fragmented market. Existing market players engage in moderate rivalry as several players are acquiring smaller ones to enhance their market share.

Companies Covered in Screw Piles Market Report:

• BAUER AG
• Piling Inc.
• GoliathTech
• BC Helical Piles Ltd.
• Inland Screw Piling.
• Magnum Piering
• Franki Foundations UK
• IDEAL Foundation Systems
• Keller Management Services LLC
• Alberta Screw Piles Ltd.

Report Benefits

• Develop business strategies by understanding the trends shaping and driving the Market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Screw Piles Market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of Screw Piles Market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
• Track sales in the global and country-specific Market.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.

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Key Developments in Global Screw Piles Market

• Almita Piling Inc. is working on innovation and focusing on market demands to provide unique and specific products and solutions for foundation needs. The company is developing innovative screw piles with more shaft friction that provide accurate torque readings during installation to work on steep slopes, in water, etc. This investment in R&D and new products would help the company to broaden its product portfolio and to increase its customer base.
• Hubbell Power Systems is focusing on increasing its market share and consistently introducing new products such as 'CHANCE Drivecast screw displacement pile', which has been approved by the New York City Department of Design and Construction. This has been developed with a unique soil displacement methodology that supports heavy loads in sites with limited access and low clearance; while eliminating vibrations and minimizing site disturbance.

Key Market Segments: Screw Piles Market

Screw Piles Market by Type, 2023-2029, (USD Million), (Kilotons)

• SS-RS Combinations Type Screw Piles
• SS (Square Shaft) Type Screw Piles
• RS (Round Shaft) Type Screw Piles
• Helical Grouted Displacement Piles (HGD Piles)

Screw Piles Market by Application, 2023-2029, (USD Million), (Kilotons)

• Utility
• Railways
• Roadway
• Bridges and Walkway
• Agriculture
• Construction
• Marine
• Commercial Construction
• Others

Screw Piles Market by Distribution Channel, 2023-2029, (USD Million), (Kilotons)

• Online Channel
• Offline Channel

Screw Piles Market by Region, 2023-2029, (USD Million), (Kilotons)

• North America
• Asia Pacific
• Europe
• South America
• Middle East and Africa

 Frequently Asked Questions About This Report

• How big is the Screw Piles Market?
• What is the Screw Piles Market growth?
• Which segment accounted for the largest Screw Piles Market share?
• Who are the key players in the Screw Piles Market?
• What are the factors driving the Screw Piles Market?

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About Exactitude Consultancy

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. Contact us for your special interest research needs at [email protected]  and we will get in touch with you within 24hrs and help you find the market research report you need.

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