Europe Piling Machines Market is expected to reach US$ 3,375.54 million by 2031


PRESS RELEASE BY The Insight Partners 01 Apr 2024

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Rise in Renovation and Remodeling Activities Drives Europe Piling Machines Market Growth

According to our latest market study on “Europe Piling Machines Market Forecast to 2031 – Regional Analysis – by Type and Method," the market is expected to grow from US$ 2,248.32 million in 2023 to US$ 3,375.54 million by 2031; it is anticipated to record a CAGR of 3.9% from 2023 to 2031. Apart from growth drivers, the report covers the Europe piling machines market trends and their foreseeable impact during the forecast period.

Renovation involves the reconstruction of infrastructural facilities with modern and advanced construction materials to upgrade structural properties and improve the life span of buildings, alongside ensuring a minimal environmental impact. Rapid urbanization and industrialization propel the demand for better residential and commercial facilities. In addition, building renovation is considered critical to meeting energy-efficiency targets in the European Union (EU). A few of the voluntary and regulatory programs or schemes intended to stimulate the renovation of buildings in the EU are Energy Conservation Obligation Schemes (EEOS), Mandatory Building Codes, and Minimum Energy Performance Standards (MEPS). Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by taking several initiatives and promoting projects. In 2023, German government initiated a renovation project worth US$ 2.3 billion. Under this project, buildings of the Chancellery, the Environment Ministry, the Finance Ministry, and the Bundestag Visitors' Center are planned to renovate. Further, in 2023, Deutsche Bahn announced train station renovations across Germany. In 2024, Eiffage Construction secured a renovation contract worth more than US$ 99 million in Paris, France. Under this contract, Eiffage will renovate three building structures in Paris. Thus, growing renovation and development activities, driven by investments in the modernization of existing infrastructure, boost the piling machines industry. Rising remodeling and construction operations in nonresidential spaces, including hotel and resort renovations, and increasing investments in industrial construction contribute to the growing Europe piling machines market size.

Europe Piling Machines Market Share — by Country, 2023

Europe Piling Machines Market Share — by Country, 2023


Europe Piling Machines Market Analysis, Growth, Size by 2031

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Europe Piling Machines Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Impact Hammers, Piling Rigs, Micro Piling Rigs, Vibratory Drivers, Trench Cutter, Diaphragm Walls, and Others), Method (Vibro Piling, Drilling, and Driven Piling), and Country

Several piling machines include hydraulic pile drivers, vibratory hammers, and impact hammers. Hydraulic pile drivers use hydraulic power to drive piles into the ground, whereas vibratory hammers use vibrations to loosen the soil and drive the pile down. Impact hammers use a heavy weight to strike the pile and force it into the ground.

Piling machines are highly specialized equipment requiring skilled operators to ensure safe and efficient operation. They can be operated on land or water and are often used with other construction equipment, such as cranes and excavators.

Manufacturers operating in the Europe piling machines market are focusing on improving their products to enhance productivity and offer environmentally friendly goods. Due to environmental concerns, hydraulic hammers replaced diesel hammers. The hydrostatic pile driver is used to force the pile into the earth and to drive the pile into the ground. As a result, it helps reduce noise and dust pollution.

Digital technologies adoption is essential with rapid industrialization and modernization of operations. To obtain a competitive advantage in the market, businesses are more likely to provide clients with advanced technology-based piling equipment. The players are launching several advanced technology-based piling tools to offer efficient piling. For instance, in March 2023, Built Robotics launched Exosystem RPD 35, the world's first fully autonomous solar piling system. RPD 35 utility-scale solar foundation piling is used to construct up to five times faster piling by bringing net zero energy. The foundation presently utilizes hydraulic rotary piling techniques for the majority of operations, and a sizable number of piling rigs are being deployed for several construction projects across the world. Driven piling involves driving precast timber, concrete, or steel piles into the ground using a vibratory or impact pile hammer. Driven piles are a classic form of piling technique where a pile is driven into the soil, increasing its bearing capacity. Vibratory hammers use the drive piling method into a hole with heavy clays.

The scope of the Europe piling machines market report includes the UK, Germany, France, Italy, Russia, Spain, Portugal, and the Rest of Europe. The Rest of Europe and Germany are projected to dominate the market during the forecast period. Germany is the largest construction market, recording a revenue of US$ 175 billion in 2020, as per the data provided by the Germany Trade and Invest (GTAI). In addition, the German government’s initiatives toward residential construction boost the demand for piling machines in the country. As per the government data in 2024, the German government is aiming at building 400,000 apartments a year. In addition to residential construction, investments in infrastructure development bolster the Europe piling machines market growth.

The UK is a developed country and continues to attract huge investments in further infrastructure development. As per the data published by the UK government in 2023, projects worth ∼US$ 200 billion are in the pipeline in the UK energy Industry, whereas the transport industry has projects worth ∼US$ 100 billion in the pipeline. Between 2021 and 2022, 38% of projects are supported by the public sector, 49% by the private sector, and 13% through a private/public mix. In 2020, the public sector invested US$ 20 billion in infrastructure, with local government accounting for over 32% and central government for the remaining amount. In 2020, transport infrastructure accounted for 86% of central government investment and 88% of local government spending. In 2020, the private sector invested US$ 11 billion in infrastructure. The above data shows high investments from the government in the construction industry in the UK. Increased construction activities in the country propel the demand for construction equipment, ultimately contributing to the increasing Europe piling machines market size.

Based on product, the Europe piling machines market analysis has been performed by considering the following segments: impact hammers, piling rigs, micro piling rigs, vibratory drivers, trench cutters, diaphragm walls, and others (soil mixing equipment). In 2022, the piling rigs segment dominated the market share, whereas the micro piling rigs segment is projected to register the highest CAGR during the forecast period. Based on method, the market is segmented into vibro piling, drilling, and driven piling. In 2022, the drilling segment dominated the Europe piling machines market share, whereas the driven piling segment is anticipated to record the highest CAGR during the forecast period.

Junttan Oy, Bauer AG, Liebherr-Werk Nenzing GmbH, Soilmec SpA, Casagrande SpA, Comacchio SpA, ABI GmbH, IMT Srl, LeBoTec BV, and Sany Heavy Industry Co Ltd  are among the key players profiled in the Europe piling machines market report. The companies implement both organic (such as product launches, expansion, and product approvals) and inorganic (such as collaborations and partnerships) strategies to stay competitive in the Europe piling machines market.

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