Screw Piles Market to Cross $1.25 billion Revenue by 2030

Screw Piles Market Overview

“The global Screw Piles Market is expected to grow rapidly at a 4.26% CAGR consequently, it will grow from its existing size of from $920 million in 2023 to $1.25 billion by 2030.”

What exactly are Screw Piles?

Screw piles are a quick and efficient deep foundation that can be erected with minimal noise and vibration. They are wound into the earth like screws into wood, providing effective in-ground performance in various soils, including earthquake zones with liquefaction potential.

The government's increased spending on infrastructure and public facilities, as well as expansion in industries like as marine, agricultural, and military, are expected to fuel the market. The Global Screw Piles Market Report offers a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Screw piles, also known as helical piles, are a steel anchoring technology used to build large foundations. They are practical and cost-effective, using excavators with a revolving driver head attachment. Anchor shafts are made from various hollow tubular parts, and they are also known as screw anchors.

The global construction industry, government spending on infrastructure, and the commercial sector's growth have all contributed to the rise in demand for screw piles. These piles are commonly used in urban construction due to their superior displacement capabilities, load-bearing capacity, little site disturbance, quick load-carrying capability, and ease of installation.

The screw piles industry is expanding due to its rapid installation capability and popularity in advanced construction sectors like solar farms, agricultural construction, and modular construction. Leading global companies are focusing on product innovation and collaboration to expand operations, but the industry will be fragmented due to numerous planned mergers and acquisitions.

The market for screw piles is experiencing moderate competition due to numerous companies acquiring smaller players. However, the long-term growth of the market may be hindered by geological variables, high expenses, and fluctuations in raw material prices. Additionally, a lack of supply may slow growth. The demand for screw piles is expected to rise due to industrialization, urbanization, infrastructure improvements, population growth in developing countries, residential construction trends, and investments in renewable energy and telecommunications.

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Market Dynamics

Growth Drivers

Global Construction Industry Growth Supplementing the Global Screw Piles Market

Urban population growth is expected to increase demand for residential constructions, with developing countries investing in construction projects to boost their economies. The construction of office buildings, hotels, retail stores, and entertainment venues is also increasing. The demand for screw piles, which provide stability even in poor soil conditions and on inclines, is expected to rise due to the robust expansion in residential, non-residential, and industrial sectors. Screw piles are crucial for building structures, aiding in their resistance to severe weather events like tornadoes and earthquakes.

Governments have increased their investment in infrastructure development projects.

Infrastructure development is crucial for economic growth in many countries, as it provides essential utilities like transportation, communication, energy, and health services. Governments are investing in infrastructure projects, public utilities, and transportation facilities, while also investing in education, healthcare, and road construction. The market expansion of screw piles is expected due to their load-bearing capacity, minimal disturbance, immediate load carrying capabilities, and quick installation.

The global market is expected to be driven by an increase in demand for RS (Round Shaft) screw piles.

The global screw piles market is divided into four types: SS-RS combinations, SS (square shaft) type screw piles, RS (round shaft) type screw piles, and HGD piles. The RS (round shaft) type screw piles segment is expected to dominate the market due to their larger diameter, increased structural load bearing capacity, and high section modulus strength, making them popular in industries like building and agriculture. This is expected to boost demand in various end-use applications.

Trends

The demand for screw piles with higher load-bearing capacity and faster installation has surged

The building industry worldwide is seeking easy-to-install, minimal site disturbance screw piles for marine, industrial, agricultural, and defense industries. This demand is driven by the potential to reduce carbon footprint and facilitate faster installation, making screw piles a major driving force for market expansion in the future.

The global building industry prioritizes piles that are easy to install and minimize site disturbance

The marine, industrial, agricultural, and defense industries are seeking innovative screw piles with high bearing capacity, leading to a growing demand for easy installation and reduced carbon footprint. This trend is expected to drive market expansion in the future.

The COVID-19 pandemic has significantly impacted the Screw Piles Market

The global screw piles market experienced mixed growth due to the COVID-19 pandemic, which disrupted critical industries like construction, railways, utilities, and bridges, causing a supply chain slowdown. The shortage of raw materials for screw piles also impacted market growth. Despite this, screw piles are highly in demand in hospitals due to their ease of installation and removal. The market's growth is attributed to the pandemic's impact on the industry.

Market Segment Analysis

The market is divided into SS-RS combos, SS (Square Shaft) Type Screw Piles, RS (Round Shaft) Type Screw Piles, and HGD Piles. The RS type screw pile is expected to grow significantly, accounting for the largest market share in 2022. These piles are designed for foundation work, typically used for supporting structures like decks and buildings. They are typically placed into the ground using a drill or screwdriver.

The Screw Piles Market is segmented into Roads, Construction, Docks, Bridges, and Others. Construction holds the largest market share in 2022 and is expected to grow at the fastest CAGR. The rising construction sector in developing countries and government spending on infrastructure improvements will help expand this market.

Competitive Landscape of the Screw Piles Market

• Almita Piling Inc.
• Hubbell Incorporated
• 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.

Recent Developments in 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.

On 21st December 2021, the company sold its commercial and industrial lighting business to GE Current. It is a strategic decision focused on higher growth and margin characteristics.

Regional Insights

North America is predicted to dominate the screw piles market globally, with the highest CAGR. This is due to increased demand for speedy installation and cost-effective load-bearing anchors. The region's growing building activity and use of screw piles present attractive growth prospects for regional market players. The United States is expected to hold a significant proportion due to increased residential and non-residential construction activities. China is expected to invest over $5.13 trillion in Asia Pacific construction operations in the coming years.

Segments Covered in the Screw Piles Market

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)

Screw Piles Market, By Application

• Roads
• Construction
• Docks
• Bridges
• Other

Screw Piles Market, By Region

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

Frequently Asked Questions:

What are the key driving factors for the growth of the Screw Piles Market?

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.

What are the top players operating in the Screw Piles Market?

The major players are Magnum Piering, Almita Piling Inc, Alberta Screw Piles Ltd, Roterra Piling, Twister Piling Inc., Reliable Welding, ScrewFast.

What segments are covered in the Screw Piles Market report?

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

How can I get a sample report/company profiles for the Screw Piles Market?

The sample report for the Screw Piles Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.