Pipe Jacking Machines Market Forecast and CAGR
According to the most recent study by Fact.MR, the pipe jacking machine market is expected to observe development during the forecast period i.e., 2021-2031 with a CAGR of 11%. The water supply industry, oil and gas industry and traffic burrows are projected to give various opportunities to manufacturers across the globe.
Albeit, force majeure of construction activities in Q2 and Q3 of 2020, across the globe has ceased the growth of pipe jacking equipment business. Demand is anticipated to stay low in 2021 as well owing to the lower investor confidence in construction industry.
What are the Key Drivers of the Pipe Jacking Machines Market?
Over the past half-decade, government spending proportionally rose in potable water supply projects. Billions of dollars of dollars are being spent by developing countries to build new pipe line while developed countries are replacing their existing old pipeline. Placement of pipelines need a jacking tool which properly install pipelines with minimal errors.
The rising standard of living and per capita income of people has strengthened the demand for a home remodelling related activities since recent years, this has strengthened the utilization for pipe jacking machines.
The pipe jacking machine is intended to create a little over break to the outer breadth of the pipeline. By infusing a grease, for instance, bentonite, into this annulus the pipeline can, in theory, be jacked unreservedly through a liquid medium.
By and by, be that as it may, liquid leak disasters may happen into the encompassing ground, these disasters can be controlled with decrease in jacking forces coupled with longer jacking lengths of jacking machines.
Developing demand for cutting edge hardware in the construction industry is projected to give a positive effect on the deal. The use of pipe jacking machines in sewerage, seepage construction, sewer substitution, gas and water mains and so on, has represented noteworthy demand since recent years, projected to flood the utilization during the forecast time frame.
Global Pipe Jacking Machines Market Geographical Outlook
The demand arises mainly from there six noticeable areas including North America, Latin America, Europe, East-Asia, South-Asia and Middle-East and Africa.
Expanding shopper's requests has made central members around here continually offer better quality items that are fabricated keeping consumers’ requirements as a priority.
North America Pipe Jacking Machines Market Outlook
North America is set to hold a huge chunk of the jacking machines business. The demand from end-use industries such as construction and maintenance ventures are probably going to enhance the demand over the forecast period
The benefits like setting pipelines without disturbing traffic on roads and highways records for huge spending in maintenance sector in North America, anticipated provide a push to the growth of pipe jacking machines business during the forecast period of 2021 to 2031 in the region.
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Asia Pacific Pipe Jacking Machines Market Outlook
Asia Pacific holds nearly one fourth of the sales pie of jacking machines around the world. India and China in this region are the prominent business sectors for these machines as a result of rapid industrialization and urbanization activities observed over the past half-decade.
Rising investments in the construction industry and extensive spending of government in water pipeline projects to enhance the potential of pipe jacking equipment business.
Demand in this region is majorly driven by development and construction businesses. The rising pattern of investments in high-rise buildings and complexes in the Asia Pacific is probably going to give plentiful opportunities over the short and medium-run forecast period.
Covid-19 Impact on Global Pipe Jacking Machines Market
Coronavirus has negatively influenced the growth of numerous businesses including construction and manufacturing sectors. Regional governments across the globe imposed lockdown due to which businesses have observed decline in demand for the jacking machines over the period of Q2 and Q3 of 2020.
With this decline in demand, manufacturers have sought out route to reaching the construction industries and government tenders to enhance their product sales over Q3 and Q4 of 2020.
Reopening of projects and construction sites have cleared pathway for pipe jacking equipment manufacturers in the market and by Q3 of 2021, market growth is anticipated to reach the pre-COVID levels.
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Who are the Key Manufacturers of Pipe Jacking Machines?
Some of the leading manufacturers include:
- Jiangsu Xuanxuan Heavy Machinery Co.Ltd
- Sanwa Kizai
- Anhui Tangxing Machinery Equipment CO LTD
- RASA Industries
- Zhenjiang Hongyu Mechanical and Electrical Equipment CO LTD
- Herrenknecht AG
- Realtop Heavy Industry
- Anhui Tangxing Machinery Equipment Co., Ltd
Manufacturers across the globe are profoundly centred on to work on the adaptability of the jacking machines, so it very well may be valuable for more than one application and different businesses.
Also, high R& D venture is probably going to work on the capacity and foster customizable reach and availability of the product.
The rising interest toward the proper water supply and gas lines is credited to giving the promising position to makers to enhance product portfolios for fulfilling the buyers request globally.
Pipe Jacking Machines Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Interested to Procure The Data
- Soft Rock Pipe Jacking Machine
- Slurry Balance Pipe Jacking Machine
- New sewerage and drainage construction
- Gas and water mains
- Oil pipelines
- Installation of rectangular or circular sections for pedestrian subways
- Road underpasses
- Bridge abutments
- Sewer replacement and lining
- Water Distribution
- Oil and Gas Industry
- Traffic Tunnel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Note: Although care has been taken to maintain the highest levels of accuracy in FACT.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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