The North America screw piles market was surpassed at USD 0.32 billion in 2022 and is expected to hit around USD 0.49 billion by 2032, growing at a CAGR of 4.35% from 2023 to 2032.
Key Pointers
Report Scope of the North America Screw Piles Market
Report Coverage | Details |
Market Size in 2022 | USD 0.32 billion |
Revenue Forecast by 2032 | USD 0.49 billion |
Growth rate from 2023 to 2032 | CAGR of 4.35% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Companies Covered | Helical Anchors, Inc.; Cyntech Group; Hubbel Power Systems Inc; Earth Contact Products; GoliathTech Piles; Maclean Power Systems.; Patriot Foundation Systems; Pier Tech Systems LLC; Ram Jack Distribution, LLC; Roterra Piling Ltd.; American Ground Screw MFG & Supply; American Earth Anchors, Inc |
The growing construction industry across North America coupled with rising government investment regarding infrastructural development is expected to drive North America screw piles industry growth over the forecast period.
The growing need for instant installations and high-quality load-bearing structures in North America is expected to further boost product demand. Moreover, screw piles are used as foundation construction for the transfer of structural loads deeper into soft soils to stronger and less compressible materials. The above-mentioned factors are expected to be a major factor driving the demand in North America for screw piles in building & construction applications over the forecast period.
Screw-piles are typically installed using standard construction equipment such as a track excavator or a mini-excavator installed with an industrial size low-speed high torque hydraulic motor. There is no need for specialized equipment like a crane with a pile hammer or a large drilled shaft rig. This allows for quick and low-cost mobilization; contractors can respond and arrive on site quickly, thus, driving the market in North America over the forecast period.
Screw piles are unique among foundations and anchoring systems as they can be loaded immediately after installation. There is no need to wait for concrete or grout to harden or, in the case of driven piles, for excess pore water pressures to dissipate. This can be an important factor for projects in North America, such as emergency response centers, where the construction schedule is tight and the rest of the project is dependent on the foundations or anchors being installed.
In comparison to most other types of construction activity taking place in North America that involve the installation of driven piles the installation of screw piles causes little to no site disturbance or soil cuttings. Additionally, this keeps the site clean, necessitates minimal cleanup after each installation, and results in lower project costs.
Screw piles are ideal for projects in remote areas of North America where mobilization costs are high and other construction support services are limited or unavailable. Retrofitting projects may require low headroom spaces to complete the work, such as inside existing structures. Thus, screw piles are ideal for low headroom or limited access situations because they can be manufactured as modular systems comprised of lead sections and extension sections, which, in turn, is likely to propel the market growth in North America.
Installation Type Insights
Professional installers in North America accounted for the largest and fastest segment with 81.13% revenue share in 2022 owing to expanding construction in North America, code compliance, and insurance and liability provided by screw piles which are installed professionally. In North America screw piles are professionally installed by trained and experienced professionals who use specialized tools.
In North America screw piles installed by professionals require a variety of hydraulic equipment. Portable hydraulic torsion bars or towers, mini skid steers, mini excavators, and utility sector-style auger trucks are typically used for smaller, light-duty helical screw piles. However, for larger, high-capacity helical screw piles, 15 tons or larger excavators are used as the primary installation equipment. Although modified drill rigs or custom equipment may also be utilized on occasion.
The DIY segment accounted was USD 54.11 million in 2022 as more homeowners in North America are taking on DIY projects, such as establishing outdoor play structures for kids, signboards, and pole lights. According to the survey of USA Today, high home prices, mortgage rates, inflation, and rise in labor costs in North America are forcing many homeowners to do home improvement by themselves.
In North America the manually installed screw piles are commonly used in light foundations for all around-the-house applications, from a fence or small gate to a children’s swing set, shed, and decking. The piles are easy to install with a digging bar without extensive foundation work or preparation and are suitable for all kinds of soil. The commonly used dimension for DIY screw piles are 68.0 x 2.0 x 550 mm, 68.0 x 2.0 x 800 mm, and 68.0 x 2.0 x 1200 mm and the weight of screw piles ranges from 2.5-7 kg.
North America Screw Piles Market Segmentations:
By Installation Type
Chapter 1. Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3. Executive Summary
3.1.Market Snapshot
Chapter 4. Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5.COVID 19 Impact on North America Screw Piles Market
5.1. COVID-19 Landscape: North America Screw Piles Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8. North America Screw Piles Market, By Installation Type
8.1.North America Screw Piles Market, by Installation Type Type, 2023-2032
8.1.1. DIY
8.1.1.1.Market Revenue and Forecast (2020-2032)
8.1.2. Professional Installer
8.1.2.1.Market Revenue and Forecast (2020-2032)
Chapter 9. North America Screw Piles Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Installation Type (2020-2032)
Chapter 10.Company Profiles
10.1. Helical Anchors, Inc.
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2. Cyntech Group
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3. Hubbel Power Systems Inc
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4. Earth Contact Products
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5. GoliathTech Piles
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6. Maclean Power Systems.
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7. Patriot Foundation Systems
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8. Pier Tech Systems LLC
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9. Ram Jack Distribution, LLC
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10. Roterra Piling Ltd.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1. About Us
12.2. Glossary of Terms