Germany Piling Machine Market Size & Outlook, 2022-2030
Germany piling machine market, 2018-2030 (US$M)
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Germany piling machine market highlights
- The Germany piling machine market generated a revenue of USD 280.4 million in 2022 and is expected to reach USD 371.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.6% 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.
Piling machine market data book summary
| Market revenue in 2022 | USD 280.4 million |
| Market revenue in 2030 | USD 371.1 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Piling rigs |
| Fastest growing segment | Piling rigs |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Germany accounted for 5.7% of the global piling machine market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany piling machine market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 371.1 million by 2030.
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Piling Machine Market Scope
Piling Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 39.34% in 2022. Horizon Databook has segmented the Germany piling machine market based on impact hammer, vibratory drivers, piling rigs covering the revenue growth of each sub-segment from 2018 to 2030.
Piling machine market in Germany is expected to witness significant growth in the coming years owing to the regulatory inclination of the government of the country to enhance its power output using unconventional sources such as wind and solar energy. In addition, increasing expenditure to install solar panels in Germany is expected to amplify the importance of the foundation of buildings in the coming years, thereby fueling the demand for piling machines in the country.
The Government of Germany amended the Renewable Energy Sources Act, which is expected to enhance the demand for piling machines for installing wind turbines and solar panels in the country during the forecast period. n March 2020, the Government of Germany announced that the construction of residential buildings, infrastructures, and utilities in the country was exempted from lockdown restrictions.
As such, their construction was allowed to continue in Germany through the coronavirus crisis. The Government of Germany planned to continue construction activities as this industry is one of the important pillars of the economy of the country. However, the construction industry faced several challenges such as labor shortages, health issues, and supply chain disruptions, as well as site closures in some areas. This decreased the construction output of Germany, thereby negatively impacted the growth of piling machine market in the country in 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany piling machine market , including forecasts for subscribers. This country databook contains high-level insights into Germany piling machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany piling machine market size, by product, 2018-2030 (US$M)
Germany Piling Machine Market Outlook Share, 2022 & 2030 (US$M)
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