Global Screw Piles Market Size By Product (SS-RS combinations Type Screw Piles, SS (Square Shaft) Type Screw Piles), By Application (Roads, Construction), By Geographic Scope And Forecast

Screw Piles Market Size And Forecast

Screw Piles Market size was valued at USD 954.11 Million in 2022 and is projected to reach USD 1132.0 Million by 2030, growing at a CAGR of 2.0% from 2023 to 2030. The market is anticipated to be driven by the government's increasing spending on infrastructure and public facilities as well as expansion in industries like marine, agricultural, and military. The Global Screw Piles Market Report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Screw Piles Market Definition

A technique of steel screw-in and floor anchoring called screw piles or helical piles is employed to construct substantial foundations. The terms screw anchors, helical piles, and helical anchors are also used to describe them. They're created using various-sized hollow tubular pieces for anchor shafts. Utilizing excavators with a rotating driver head attachment, screw piles are a practical and affordable foundation technique.

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Global Screw Piles Market Overview

The constant growth of the global building industry is what primarily drives the market for screw piles globally. The expansion of government spending on infrastructure and public services has also resulted in an increase in the demand for screw piles. The continued expansion of the commercial sector, including commercial kitchens, healthcare, business parks, institutions, and entertainment, has also boosted the usage of screw piles in foundation buildings. Due to their better displacement capabilities, load-bearing capacity, low site disturbance, instant load-carrying capability, and ease of setup, screw piles are frequently utilized in urban construction.

More inventive civil constructions have been produced because of a result of the growth of the maritime, industrial, agricultural, defense, and governmental sectors. In addition, this is growing the screw piles industry. Furthermore, Screw piles have become more popular in advanced construction, including solar farms, agricultural construction, and modular construction, because of their rapid installation capability and building structure. Leading global companies are concentrating on product innovation and collaboration to build their operations. This market will be extremely fragmented mainly a result of the large number of mergers and acquisitions that are anticipated.

As a significant number of businesses are acquiring smaller players to increase their market share, competition among the market's current participants is mild. The drawbacks of constructing screw piles caused by geological variables could significantly hinder the market's long-term expansion. The market's growth pace will also be slowed down by high expenses and variations in the price of raw materials. The market will suffer and have a slower pace of growth due to a lack of supply. Moreover, the need for screw piles will increase because of industrialization, urbanization, infrastructure improvement, population expansion in developing nations, a tendency towards higher residential construction, and growing investments in renewable energy and telecommunications.

Global Screw Piles Market Segmentation Analysis

The Global Screw Piles Market is segmented on the basis of Product, Application, And Geography.

Screw Piles Market, By Product

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

Based on Product, the market is bifurcated into SS-RS combinations Type Screw Piles, SS (Square Shaft) Type Screw Piles, RS (Round Shaft) Type Screw Piles, and Helical Grouted Displacement Piles (HGD Piles). The RS (Round Shaft) Type Screw Piles segment accounted for the largest market share in 2022 and is projected to grow at a significant CAGR during the forecast period. A particular kind of screw pile made for use in foundation work is known as an RS (Round Shaft) type screw pile. They are mostly employed to produce foundation support for constructions like decks and buildings. With a drill or a screwdriver, the RS-type screw piles are inserted by spinning them into the ground.

Screw Piles Market, By Application

• Roads
• Construction
• Docks
• Bridges
• Other

Based on Application, the market is bifurcated into Roads, Construction, Docks, Bridges, and Other. The Construction segment accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. It is projected that the expanding construction sector in developing nations would increase product demand in this application area. Rising government spending on infrastructure improvement across several areas would also aid the expansion of the Screw Piles Market.

Screw Piles Market, By Geography

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

Based on Regional Analysis, the Global Screw Piles Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period. A growth in the need for high-quality, cost-efficient load-bearing anchors that can be installed quickly. Throughout the projection period, it is predicted that the expansion of building projects in North America and the usage of screw piles in the region would both provide profitable growth chances for market participants in the area. The country is expected to occupy a sizable piece of the market as a consequence of a rise in both residential and non-residential expansion activity.

Key Players

• The "Global Screw Piles Market" study report will provide valuable insight with an emphasis on the global market including the major players in the market are
• Magnum Piering, Almita Piling Inc, Alberta Screw Piles Ltd, Roterra Piling, Twister Piling Inc., Reliable Welding, ScrewFast, ABC Anchors, GoliathTech, FLI, BC Helical Piles Ltd., Inland Screw Piling Ltd., SFL Piletech, Franki Foundations.
• This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as
• Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Screw Piles Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Screw Piles Market, gauge the attractiveness of a certain sector, and assess investment possibilities.