Piling sheet and anchoring equipment and trench shoring system

Market for sheet piling and anchoring equipment and trench shoring systems

The global market for sheet piles, anchoring equipment and trench shoring systems is expected to grow at a CAGR of 5.8% during the period 2016-2024. In a new report titled, “Stacking Plates, Anchoring Equipment and Trench Shoring Systems Market:

Global Industry Analysis and Forecast, 2016-2024″, Persistence Market Research provides insights into the performance of the global sheet piling, anchoring equipment and trench shoring systems market over an eight-year forecast period (2016- 2024).

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Market drivers and trends

The growing number of infrastructure projects in faster growing economies and the recovery of the construction sector in relatively mature economies are expected to propel the demand for sheet piling, anchoring equipment and trench shoring systems to worldwide.

An increase in mining exploration and excavation activities in certain key geographies such as Canada, South Africa and India is expected to further fuel demand. According to Persistence Market Research, the increasing adoption of aluminum trench boxes and the replacement of traditional stacking sheet wall structures are some of the key market trends likely to be witnessed over the next eight years.

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Market Highlights

The global piling sheet market revenue is expected to grow at a CAGR of 5.5% during the forecast period. The global anchoring equipment market is expected to grow at a CAGR of 4.7% during the forecast period.

The global trench shoring systems market revenue is expected to grow at a CAGR of 3.8% during the forecast period. The cold rolled sheet piling sub-segment is expected to grow relatively faster in terms of revenue compared to other sheet piling sub-segments.

Within the anchor equipment segment, the stranded anchor segment will remain the largest segment with an estimated revenue contribution of 46.5% in 2015. The hollow drill bar segment is expected to increase its revenue compared to the threaded bars and helical anchors.

In the trench shoring system segment, the slide shoring system will represent a maximum revenue contribution of 42.1% by the end of 2024 compared to other segments. The pipe grabber segment is expected to grow at a higher rate as compared to the pipe puller segment during the forecast period.

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Based on region, Asia-Pacific recorded a dominant market share of 37.3% by value in 2015. The Middle East, Africa and Latin America markets for sheet piling, anchoring equipment and trench shoring systems are expected to see booming demand during this period. the forecast period characterized by an increasing growth of the infrastructure sector in these regions.

The US market is expected to witness moderate growth in terms of revenue over the forecast period. Europe will experience sluggish growth due to a gradual economic recovery over the period 2016-2024; however, the market is expected to grow after 2019.

The Asia Pacific piling plate market is expected to witness the highest CAGR of 6.7% in terms of value. The Asia-Pacific trench shoring systems market is expected to show strong growth of 6.4% over the forecast period owing to growing demand from economies such as India and China.

Sustained demand for ground stability equipment in residential and non-commercial infrastructure projects in Argentina, Brazil, Chile and Colombia is expected to result in a collective incremental opportunity of $210.6 USD between 2016 and 2024. The North America regional market is expected to represent US$453.3 million dollar opportunity over the forecast period.

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