The global screw piles market, valued at US$ 928.9 Mn in 2021, is projected to grow at a CAGR of 5.5% from 2022 to 2031, reaching an estimated value of US$ 1.56 Bn by the end of 2031. The market's growth is driven by increasing construction and infrastructure development activities worldwide. Screw piles, also known as screw anchors, helical piles, and helical anchors, are foundation underpinning elements made from steel shafts with helical flights, used for building deep foundations. These elements are cost-effective and can be installed with high speed and accuracy, making them a preferred choice in various construction projects.

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Market Segmentation

In terms of types, the global screw piles market is segmented 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). Among these, the RS (round shaft) type screw piles segment is expected to dominate the market during the forecast period. Round shaft screw piles offer better structural load-bearing capacity due to their wider diameter and high section modulus strength, which resists twisting and deflection. These attributes make round shaft screw piles highly preferred in various industries, including construction and agriculture, driving their demand in diverse end-use applications.

Competitive Landscape

The global screw piles market is fragmented, with numerous companies controlling the market share. Key players are adopting strategies such as expanding product portfolios, investing in R&D, forming collaborations, partnerships, and engaging in mergers & acquisitions to strengthen their market position. Prominent players in the market include Almita Piling Inc., Hubbell Incorporated, TorcSill Foundations LLC, Earth Contact Products, GoliathTech Corporation, Pier Tech Systems LLC, Supportworks, Inc., Techno Metal Post Inc, Patriot Foundation Systems, and Magnum Piering Inc. These companies are focusing on recent market trends and collaborating with various vendors, distributors, and companies to enhance their business growth.

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