At 4.8% CAGR, the Europe Piling Machines Market is Projected to be Worth US$ 2,519.96 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Europe piling machines market was valued at US$ 1,737.87 million in 2023 and is expected to reach US$ 2,519.96 million by 2031, registering a CAGR of 4.8% from 2023 to 2031. Increasing investments in smart cities and infrastructure development and growing significance of piling machines in construction sector are among the critical factors attributed to the Europe piling machines market expansion.

The growing urbanization, with significant investments in the construction of smart cities and infrastructure development and rebuilding across the globe, is one of the significant factors driving the piling machines market. Installation of sewage pipelines, expansion of water supply pipelines in remote or rural areas, and construction of hospitals and healthcare centers require piling machines. Sufficient water supply, proper sanitation, including waste management, assured electricity supply, and competent urban mobility are a few of the essentials of the smart city. Developing new infrastructures require a high level of construction activities, which is anticipated to boost the application of piling machines in the coming years. Some of the recent projects include:

• In 2025, the European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to €25 million to the Ministry of Finance, Labour, and Transfers of Kosovo. This funding will support the Regional Water Company Prishtina in enhancing sewage treatment by constructing two wastewater treatment plants and expanding the existing network. The European Union Commission's Horizon Europe objective aims to transform 100 cities into climate-neutral and smart by 2030.
• In January 2024, The European Climate, Environment, and Infrastructure Executive Agency received ∼400 applications requesting US$ 20 billion for transport infrastructure projects. The rising population is another factor increasing the demand for public infrastructure and the development of new transport networks and residential structures. As per the data published by the European Union in 2023, the EU's population increased from 446.7 million in January 2022 to 448.4 million in January 2023.
• In July 2023, Eurazeo, an investment group, announced the closing of its final round of smart city funds at US$ 400 million. For instance, in November 2023, Italy and Hungary received European Commission (EC) approval for their renewable energy subsidy programs. Under the Recovery and Resilience Facility (RRF), Italy's US$ 5 billion plan focuses on helping renewable energy communities and self-consumers. In comparison, Hungary's US$ 5 billion REPowerEU intends to improve renewable energy infrastructure and reduce fossil fuel dependency.

On the contrary, technological limitations and availability of substitute methods hamper the growth of Europe piling machines market.

Based on product, the Europe piling machines market is segmented into impact hammer, piling rigs, vibratory drivers, and others. The piling rigs segment held 45.8% share of the Europe piling machines market in 2023, amassing US$ 795.21 million. It is projected to garner US$ 1,179.69 million by 2031 to expand at 5.1% CAGR during 2023–2031.

Based on method, the Europe piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 52.3% share of the Europe piling machines market in 2023, amassing US$ 909.30 million. It is projected to garner US$ 1,364.11 million by 2031 to expand at 5.2% CAGR during 2023–2031. The drilling segment is further sub segmented into kelly, continuous flight augur, full displacement piles (FDP), micropiles, and others.

Based on country, the Europe piling machines market is segmented into Germany, France, Italy, the UK, Russia, Sweden, Norway, Denmark, Belgium, the Netherland, Finland, and the Rest of Europe. Germany held 25.3% share of Europe piling machines market in 2023, amassing US$ 440.11 million. It is projected to garner US$ 667.79 million by 2031 to expand at 5.4% CAGR during 2023–2031.

Key players operating in the piling machines market are Liebherr-Werk Nenzing GmbH; Junttan Oy; Bauer AG; Soilmec SpA; Casagrande SpA; Comacchio SpA; Mait SpA; ABI Equipment Ltd; Enteco Srl; IMT Srl; Sany Heavy Industry Co Ltd; CONSTRUCCIONES MECANICAS LLAMADA SL; BSP TEX Ltd; BRUCE Piling Equipment Co Ltd; American Piledriving Equipment Inc; Terra Infrastructure GmbH; International Construction Equipment Inc; FAYAT GROUP; TWF Baumaschinentechnik GmbH; XCMG Construction Machinery Co Ltd; KLEMM Bohrtechnik GmbH; Van den Heuvel; Action Construction Equipment Limited; Fundex Equipment BV; Dieseko Group BV; DAWSON CONSTRUCTION PLANT LTD; Shandong Yahe Construction Machinery Co., Ltd.; IQIP BV; GeoQuip Power Systems, LLC; and LeBoTec B.V., among others.

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