November 03, 2022 11:00 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Screwing Into Concrete Slabs
Wilmington, Delaware, United States, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the value of global screw piles market was clocked at US$ 928.9 Mn. Screw piles market analysis is likely to rise at 5.5% CAGR during the forecast period, from 2022 to 2031 It is projected that by 2031, the global screw piles market is likely to touch value of US$ 1.56 Bn. In the forthcoming years, it is projected that an increase in infrastructural development and construction activities throughout the world will increase demand for various pieces of construction equipment, including screw piles and piling machines. In order to meet growing demand from a variety of end-use sectors, including agriculture, building & construction, and marine, suppliers of different screw piles types are placing a strong emphasis on innovation and R&D in screw piles.
Screw piles can be installed more quickly, more precisely, and without the vibrations and noise that come with pile drivers. In earthquake-prone locations and for electric transmission line towers, screw piles are expected to gaining more popularity. By creating novel goods like the RS (round shaft) type, market players can take advantage of incremental opportunities and expand their global share.
North America is expected to lead the screw piles market growth in the forthcoming years. The North America market is anticipated to grow owing to rising need for speedy installation and cost-efficient, high-quality load-bearing anchors. Regional screw pile manufacturers & suppliers can take advantage of lucrative development possibilities due to expansion of construction activities in North America and rising use of screw piles there.
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Key Findings of Market Report
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Global Screw Piles Market: Key Players
Some of the key market players are
Global Screw Piles Market: Segmentation
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