Report : 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)
At 4.5% CAGR, the Europe Piling Machines Market is speculated to be worth US$ 2,213.13 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe piling machines market was valued at US$ 1,695.35 million in 2022 and is expected to reach US$ 2,213.13 million by 2028, registering a CAGR of 4.5% from 2022 to 2028. Flourishment of construction industry and rise in renovation and remodeling activities are the critical factors attributed to the Europe piling machines market expansion.
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 have propelled the demand for better residential and commercial facilities. Further, government organizations in emerging markets are aggressively investing and concentrating on building commercial and industrial infrastructures by taking several initiatives and promoting projects. The 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 would also drive the demand for piling machines during the forecast period, thereby driving the Europe piling machines market growth.
On the contrary, effects of ground vibrations are restraining 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 40.7% share of Europe piling machines market in 2022, massing US$ 690.43 million. It is projected to garner US$ 880.98 million by 2028 to expand at 4.1% CAGR during 2022–2028.
Based on method, the Europe piling machines market is segmented into vibro piling, drilling, and driven piling. The drilling segment held 53.0% share of Europe piling machines market in 2022, massing US$ 897.74 million. It is projected to garner US$ 1,128.43 million by 2028 to expand at 3.9% CAGR during 2022–2028. 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 captured 24.5% share of Europe piling machines market in 2022. It was assessed at US$ 415.14 million in 2022 and is likely to hit US$ 469.63 million by 2028, exhibiting a CAGR of 2.1% during the forecast period.
Key players dominating the Europe piling machines market are 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 among others.
- In 2022, Liebherr reveals the latest generation of duty cycle crawler cranes with the brand-new HS 8070.1. The machine has a lifting capacity of 70 tonnes and is the first choice for a multitude of applications: material handling, deep foundation or lifting work. Using the new jack-up system, the crawlers can be easily disassembled for transportation, so reducing the transport weight to less than 35 tonnes. The platforms and railings must no longer be removed before transportation.
- In 2022, Trimble and Junttan Oy announced the availability of Trimble Groundworks Machine Control System for piling machines as a factory option on Junttan Oy foundation machines. Trimble Groundworks is a 3D machine control system. Using 2D or 3D guidance, Trimble Groundworks provides accurate piling depth and direction. The system reduces driving time per pile for piling machines, decreasing fuel usage to improve job site sustainability.
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