According to a recent market study published by Growth Market Reports titled, “Europe Steel Piles Market by Product Types, Applications, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 6,918.1 Million in 2019 and is projected to expand at CAGR of 2.4% between 2020 and 2027. The Europe steel piles market is anticipated to grow owing to increasing number building infrastructures in several countries such as Germany, France, and the UK. Furthermore, several benefits associated with steel piling over wood piling is a major factor is expected to drive the Europe steel piles market.

The Europe steel piles market is fragmented based on product types, applications, sales channel, and regions. In terms of product types, the market is segmented into steel sheet piles, steel pipe piles, and steel pipe sheet piles. On the basis of applications, the market is divided into ports/harbors, urban civil engineering, bridges, and others. On the basis of sales channel, the market is bifurcated into OEM and aftermarket. Based on countries, the Europe steel piles market is segregated into Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe.

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In 2020, the steel piles market is expected to decline due to COVID-19 pandemic. The pandemic led to a complete or partial lockdown of numerous manufacturing enterprises and industries, which has majorly impacted the production process. Furthermore, the adverse effects due to the trade barriers between countries is anticipated to boost the production costs of steel piles. However, the production of industrial equipment is expected to expand at a significant pace during the second half of 2020 due to the easing up of lockdowns.

As per Growth Market Reports industry analyst Rajat Verma, “The Europe Steel Piles Market is anticipated to grow during the forecast period, from 2020 to 2027, driven by rising technological advancements in the manufacturing sector in the region. However, soil displacement, high initial costs, and additional requirements such as prevention of deterioration associated with steel piles are major factors hampering the market. Advancements in technology such as the use of advanced fiber optic sensors in pile instrumentation is creating opportunities in the market.”

Key Takeaways from the Study:

  • Nippon Steel is estimated to hold approximately one-fourth share of the Europe steel piles market in year 2019.
  • The steel sheet piles segment is estimated to hold a major market share in 2019. The large share of the segment is primarily attributed to its usage in temporary and permanent structures. Additionally, the use of steel sheet piles in constructions takes lesser time than reinforced concrete walls.
  • In terms of value, the urban civil engineering segment is anticipated to expand at a significant CAGR during the forecast period. The use of urban civil engineering in helping cities and town plan development and for maintaining a strong infrastructure, which is a key factor boosting the segment in the region.
  • Based on sales channels, the aftermarket segment is estimated to expand at a high CAGR during the forecast period due to continuous repairs and replacements needed by infrastructures. Rise in the demand for replacement components is expected to boost the segment during the forecast period.
  • Germany accounts for a major share of the market, followed by the UK. The market in Germany is projected to expand at significant CAGR during the forecast period owing to increasing applications for marine and offshore construction.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 6,918.1 Million

Market Growth Rate (from 2021 to 2027)

2.4%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million) and Volume (Tons)

Market Segments

Product Types, Applications, Sales Channel

Regional Scope

Europe

Country Scope

Germany, France, Italy, U.K., Spain, Russia, and Rest of Europe.

Key Companies Profiled

ArcelorMittal, ESC Group, EVRAZ PLC, JFE Steel, Nippon Steel, SteelWall ISH GmbH., United States Steel Corporation, and Zekelman Industries.

Customization Scope

Report customization available on request.

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Steel piles manufacturers, raw material suppliers, primary respondents, and distributors
  • Demand Side: Enterprises engaged in marine construction, offshore construction, building construction, dock construction, road and highway construction, bridge construction, and structural support construction
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Environmental Protection Agency (EPA), International, Organization for Standardization (ISO), Ministry of Health, Labor and Welfare (MHLW), World Trade Organization (WTO), Occupational, Safety and Health Administration (OSHA), American National Standards Institute (ANSI)