With a CAGR of 2.96% from 2023 to 2030, the global screw pile market is expected to grow from its estimated value of US$ 850 million in 2022 to US$ 1076 million by 2030.
Lead Screw market size are ground anchoring and steel screw-in piling methods used to construct substantial building foundations. They use various diameters of tubular hollow units for the pile or anchors shaft and are typically composed of high-strength steel. Its helix makes it possible to screw the piles into the earth in a manner akin to screwing into wood. It may have more than one helix, depending on usage and ground conditions. When a heavier load is necessary or when the ground is soft, more helices are frequently provided.
Market Drivers
The continuous expansion of the global building industry is what largely drives the market for Lead Screw worldwide. The demand for Lead Screw has also expanded as a result of increased government expenditure in infrastructure and public services. The continued expansion of the commercial sector, including commercial kitchens, healthcare, business parks, institutions, and entertainment, has also boosted the use of Lead Screw in foundation building. Due to their superior displacement capabilities, load-bearing capacity, minimal site disturbance, immediate load-carrying capability, and ease of installation, Lead Screw are frequently used in urban construction. More inventive civil constructions have been produced as a result of the growth of the marine, industrial, agricultural, defense, and governmental sectors. Additionally, this is expanding the market for Lead Screw.
Lead Screw have become increasingly popular in cutting-edge construction, including solar farms, agricultural construction, and modular construction, because of its quick installation capability and building structure. Leading international players are concentrating on product innovation and collaboration to build their operations. This market will be very fragmented as a result of the high number of mergers and acquisitions that are anticipated. As a sufficient number of players are acquiring smaller players to increase their market share, competition among the market’s current players is moderate.
Market Restraints
Geological limitations on screw pile construction would considerably impede the market’s long-term expansion. The market’s growth rate would be further constrained by high costs and erratic raw material prices. Due to a lack of supply, the market will suffer and see a slower rate of expansion.
Market Segmentation
The scope of the Global Lead Screw Market covers segmentation based on By Type, By Distribution Channel, By Application and By Region.
By Type, the market is segmented into SS-RS Combinations Type Lead Screw, SS (Square Shaft) Type Lead Screw, RS (Round Shaft) Type Lead Screw and Helical Grouted Displacement Piles (HGD Piles). By Distribution Channel, the market is segmented into Online Channel and Offline Channel. By Application, the market is segmented into Utility, Railways, Roadway, Bridges and Walkway, Agriculture, Construction, Marine, Commercial Construction and Others.
Regional Analysis
The Global Lead Screw Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to growing technical improvements in the construction industry and the presence of prominent players in the area, North America currently leads the Lead Screw market and will continue to hold this position during the projection period.
During the forecast period, the Asia-Pacific region is anticipated to have the highest compound annual growth rate (CAGR). The amount of construction activities, the number of structures and the construction sector in this region, and favorable government regulations are the main drivers of market expansion in this area.
Key Players
Bauer Ag, Piling Inc., Goliathtech, BC Helical Piles Ltd., Magnum Piering, Franki Foundations Uk, Ideal Foundation Systems, Keller Management Services Llc, Alberta Lead Screw Ltd., Almita Piling Inc.
Market Taxonomy
By Type
- SS-RS Combinations Type Lead Screw
- SS (Square Shaft) Type Lead Screw
- RS (Round Shaft) Type Lead Screw
- Helical Grouted Displacement Piles (HGD Piles)
By Distribution Channel
- Online Channel
- Offline Channel
By Application
- Utility
- Railways
- Roadway
- Bridges and Walkway
- Agriculture
- Construction
- Marine
- Commercial Construction
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
Continue…
About The Vertex Business Insights
With a deep understanding of the industry landscape, Vertex Business Insights is a research and advisory firm offering insights into a variety of industry verticals, products, and services. Our team of highly experienced professionals offers a holistic and research-driven view of every industry vertical, product or service, or industry sector. Our aim is to help our clients make informed decisions and stay ahead of the competition. We offer highly informative research reports as well as corporate-ready advisory and consulting services. The insights we provide can help organizations achieve their business goals in an accurate and actionable way.
CONTACT US
sales@vertexbusinessinsights.com
Phone:
+ (210) 775-2636 (USA)
+ (91) 853 060 7487
