Global Screw Piles Market – Industry Trends and Forecast to 2030

Global Screw Piles Market, By Type (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)), Application (Utility, Railways, Roadway, Bridges, and Walkway, Agriculture, Construction, Marine, Commercial Construction and Others), Distribution Channel (Online Channel and Offline Channel) - Industry Trends and Forecast to 2030.

Screw Piles Market Analysis and Size

Screw piles are low-cost foundation systems that are installed with excavators equipped with a rotary driver head attachment. Many builders now use screw piles when time is of the essence with their construction projects. Customers prefer high-quality recycled steel screw-piles. This has been proven effective and reduced the overall carbon footprint. The global screw piles market is primarily driven by rapid growth in the global construction sector, which is expected to boost the market during forecast period of 2023 to 2030.

Data Bridge Market Research analyses that the global screw piles market was valued at USD 815.50 million in 2022, is expected to reach USD 1,080.52 million by 2030, and is expected to undergo a CAGR of 3.58% during the forecast period of 2023 to 2030. In 2023, “SS-RS Combinations Type Screw Piles” of type segment is expected to dominate the market due to the usage in foundation construction which has increased due to continuous growth in the commercial sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Screw Piles Market Scope and Segmentation

Market Definition

Screw piles are steel screw-in piling and ground anchoring systems used to build deep foundations for buildings. They are primarily made of high-strength steel and employ various sizes of tubular hollow units for the pile or anchors shaft. It has a helix that allows the piles to be screwed into the ground, similar to screwing into wood. Depending on the usage and ground conditions, it may have more than one helix. More helices are typically specified when a higher load is required or when the ground is soft.

Global Screw Piles Market Dynamics

Drivers

• The Ongoing Infrastructural Developments Around the World

The global screw piles market is primarily driven by rapid growth in the global construction sector. Furthermore, increased government investment in infrastructure and public facilities has increased demand for screw piles. In addition, the use of screw piles in foundation construction has increased due to continuous growth in the commercial sector, such as commercial kitchens, healthcare, business parks, institutions, and entertainment. Screw piles are commonly used in urban construction because of their superior displacement ability, load-bearing capacity, minimal site disturbance, immediate load-carrying capability, and quick installation. The expansion of the marine, industrial, agricultural, defense and government sectors has resulted in more innovative civil structures. This is also boosting the global market for screw piles.

• Evolution in Modern Construction and Growing Mergers and Collaborations

Due to their quick installation ability and building structure, screw piles have grown in popularity in innovative construction such as solar farms, agricultural construction, and modular construction. To grow their businesses, leading global players are focusing on product innovation and collaboration because of the expected high number of mergers and acquisitions, this market will be highly fragmented. Rivalry among existing market players is moderate, as a sufficient number of players are acquiring smaller players to gain market share.

Opportunity

• High Prevalence of Composite Technology

Due to their quick installation ability and building structure, screw piles have grown in popularity in innovative construction such as solar farms, agricultural construction, and modular construction. To grow their businesses, leading global players are focusing on product innovation and collaboration. As a result of the expected high number of mergers and acquisitions, this market will be highly fragmented. Rivalry among existing market players is moderate, as a sufficient number of players are acquiring smaller players to gain market share.

Restraint/Challenge

• Price Volatility and Scarcity of Customised Screw Piles Offerings

The disadvantages of installing screw piles due to geological factors will pose a significant threat to the market's long-term growth. Furthermore, high costs and fluctuations in raw material prices will derail the market's growth rate. A scarcity of suppliers offering customized screw piles will also hinder the global market and slow the growth rate.

This global screw piles market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global screw piles market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Screw Piles Market Scope

The global screw piles market is segmented on the basis of type, application, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

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

Application

• Utility
• Railways
• Roadway
• Bridges and Walkway
• Agriculture
• Construction
• Marine
• Commercial Construction
• Others

Distribution Channel

• Online Channel
• Offline Channel

Global Screw Piles Market Regional Analysis/Insights

The global screw piles market is analyzed and market size insights and trends are provided by country, type, application, and distribution channel as referenced above.

The countries covered in the global screw piles market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the global screw piles market and will maintain its dominance over the forecast period of 2023 to 2030, due to increasing technological advancements in the construction sector and the presence of significant players in the region.

Asia-Pacific region is expected to have the highest compound annual growth rate (CAGR), and will be the fastest-growing region of global screw piles market during the forecast period of 2023 to 2030. The major factors fostering market growth in this region are an increase in the number of construction activities, an increase in the number of buildings and construction industry in this region, and supportive government policies.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Screw Piles Market Share Analysis

The global screw piles market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global screw piles market.

Some of the major players operating in the global screw piles market are:

• BAUER AG (Germany)
• Piling Inc. (U.S.)
• GoliathTech (Canada)
• BC Helical Piles Ltd. (Canada)
• INLAND SCREW PILING. (Canada)
• Magnum Piering (U.S.)
• Franki Foundations UK (Belgium)
• IDEAL Foundation Systems (U.S)
• Keller Management Services LLC (U.S.)
• Alberta Screw Piles Ltd. (Canada)
• Almita Piling Inc. (Canada)
• Roterra Piling Ltd.(Canada)
• Hubbell (U.S.)
• Twister Piling (Canada)