Europe Piling Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others) and Method (Vibro Piling, Drilling, and Driven Piling)

Europe Piling Machines Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Impact Hammer, Piling Rigs, Vibratory Drivers, and Others) and Method (Vibro Piling, Drilling, and Driven Piling)

The Europe piling machines market is expected to grow from US$ 1,695.35 million in 2022 to US$ 2,213.13 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2022 to 2028.

Flourishment of Construction Industry is Fueling the Europe Piling Machines Market

The construction industry is rapidly growing in various countries across the region with a rise in government investments and an increase in demand for residential construction projects. A surge in construction activities in the country is ascribed to the increasing population and the proliferating commercial sector. This surge in construction activities is surging the demand for piling machines in the region. The rising population is putting a strain on current infrastructure, highlighting the need for the development of new rail networks, residential structures, and roadways. The governments and regulatory bodies in countries in this region are focusing on additional infrastructure investments which is proliferating the demand for piling machines in the region. A surge in construction activities in the region is driven by ongoing industrialization, increasing population, growing middle-class income, and increasing infrastructural developments. Government initiatives, supporting the construction of new highways, bridges, sports facilities, and residential and governmental offices fuel the growth of the construction industry in the country. With such growth in construction activities, the demand for piling machines is increasing notably in various countries.

Europe Piling Machines Market Overview

The Europe piling machines market is segmented into Germany, France, Italy, the UK, Russia, Sweden, Norway, Denmark, Belgium, the Netherlands, Finland, and the Rest of Europe. The construction industry contributes 10% to the GDP of the region. Rapid growth in construction activities in Europe is one of the significant factors contributing to the growth of the piling machines market. A few European countries, such as Germany, the UK, and Russia, witnessed significant growth in the construction industry. In 2021, various construction projects were commenced that included A303/A30/A358 Road Corridor Improvement; E39 Herdal-Royskar Motorway; Nizhnekamsk-Naberezhnye Chelny Bypass; Banja Luka-Prijedor-Novi Grad Motorway; and Llogara Tunnel. Thus, the rise in infrastructure projects in European countries is further bolstering the demand for piling machines in the region. In addition, the increasing investment by governments of countries in Europe in infrastructure and industrial development is contributing to the market's growth. For instance, according to the European Commission, in June 2022 the European Union has planned to invest €5.4 billion in sustainable, safe, and efficient transport infrastructure. Moreover, the key players operating in the piling machines market, such as Liebherr-International Deutschland GmbH, Junttan Oy, and Soilmec S.p.A., are focused on new and improved product offerings to meet the demand for automation in piling machines. For instance, in October 2022, Liebherr-International Deutschland GmbH announced the launch of a new range of electric piling machines. These machines offer zero-emission and are quiet in operation. Such initiatives by key regional manufacturers are boosting the growth of the piling machines market in the region.

Europe Piling Machines Market Revenue and Forecast to 2028 (US$ Million)

Europe Piling Machines Market Segmentation

The Europe piling machines market is segmented based on product, method, and country.

Based on product, the Europe piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held the largest Europe piling machines market share in 2022.

Based on method, the Europe piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held the largest Europe piling machines market share in 2022. Further, the drilling segment is categorized into Kelly, continuous flight auger (CFA), full displacement piles (FDP), micropiles, and others.

Based on country, the Europe piling machines market has been categorized into Germany, France, Italy, the UK, Russia, Sweden, Norway, Denmark, Belgium, Netherlands, Finland, and the Rest of Europe. Our regional analysis states that Germany dominated the Europe piling machines market in 2022.

Bauer AG, Casagrande SpA, Comacchio SpA, Dieseko Group BV, Enteco S.r.l, Junttan Oy, Liebherr-Werk Nenzing GmbH, Sany Heavy Industry Co Ltd, Soilmec SpA, and Xuzhou Construction Machinery Group Co Ltd are the leading companies operating in the Europe piling machines market.

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