Europe Piling Machine Market Size & Outlook, 2022-2030
Europe piling machine market, 2018-2030 (US$M)
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Europe piling machine market highlights
- The Europe piling machine market generated a revenue of USD 1,012.5 million in 2022.
- The market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, piling rigs was the largest revenue generating product in 2022.
- Piling rigs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,012.5 million |
| Market revenue in 2030 | USD 1,303.9 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Piling rigs |
| Fastest growing segment | Piling rigs |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Impact hammer, Vibratory drivers, Piling rigs |
| Key market players worldwide | Epiroc AB DR, Sany Heavy Equipment International Holdings Co Ltd, Liebherr Group, BAUER Group, XCMG Group, Casagrande, Watson Drill Rigs, International Construction Supplies, ABI Gruppe, Fundex Equipment, Dieseko Group B.V., IQIP, Junttan, Trevi Finanziaria Industriale |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.7% of the global piling machine market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,977.3 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe piling machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to piling machine market will help companies and investors design strategic landscapes.
Piling rigs was the largest segment with a revenue share of 39.57% in 2022. Horizon Databook has segmented the Europe piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of piling machine market in Europe is expected to be significantly driven in the coming years by its flourishing residential sector owing to the increasing immigration rate in the region. In addition, surging investments in the development of civil engineering structures are expected to augment the demand for piling machines in Europe over the forecast period.
The rise in the number of skyscrapers being constructed due to the scarcity of commercial land and the development of improved architectural technologies are expected to fuel the demand for piling machines in the region in the coming years, thereby leading to the growth of the market in Europe.
The increasing importance of alternative energy sources to reduce reliance on conventional crude oil, natural gas, and coal, has paved the way for the installation of wind turbines in the region. In addition, the governments of numerous countries in Europe, including Germany, Spain, France, and the UK, are focusing on enhancing their energy output by harnessing the wind potential. It is expected to surge the installation of wind turbines in these countries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe piling machine market , including forecasts for subscribers. This continent databook contains high-level insights into Europe piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe piling machine market size, by country, 2018-2030 (US$M)
Europe Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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