Europe Steel Piles Market By Product Types (Steel Sheet Piles, Steel Pipe Piles, and Steel Pipe Sheet Piles), Applications (Ports/Harbors, Urban Civil Engineering, Bridges, and Others), Sales Channels (OEM and Aftermarket), and Countries (Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe)

Market Outlook:

The Europe steel piles market was valued at USD 6,918.1 Million in 2019 and is projected to reach USD 7,826.1 Million by 2027, expanding at a CAGR of 2.4% during the forecast period. The number of construction and developments activities is increasing at a rapid pace globally owing to the increase in urbanization and globalization. This, in turn, is fueling the requirement for rigid foundation solutions for superstructures, thus driving the demand for steel piles. Steel piles play a vital role in several construction industries due their ability to provide a rigid structure. Several types of steel piles that are used for applications such as ports & harbors, urban civil engineering, and bridges. These piles can be used for piers, seawalls, cofferdams, groynes, and other groundworks. Additionally, rise in trade among the countries in Europe is boosting for various infrastructure developments. This, in turn, is projected to fuel the demand for steel piles.

Market Dynamics
Rising demand for steel pipe piles in various applications such as urban civil engineering and bridge engineering is driving the Europe steel piles market. Steel piles offer a large bearing capacity and can penetrate through stiff layers or boulders. Additionally, steel piles are capable of withstanding rough handling. Moreover, the volume of soil displaced during the driving of steel piles is less.

Soil displacement, high initial costs, and additional requirements such as the 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 a major factor creating opportunities in the market.

Steel pile consumption increased due to growing population, increasing development of infrastructure, and the substitution of many metals with steel piles in various end-uses, such as railway and bridges. This is expected to drive the market growth in during the forecast period.

Segmental Outlook

On the basis of product types, the Europe steel piles market is segregated into steel sheet piles, steel pipe piles, and steel pipe sheet piles. The steel sheet pile segment held 54.5% share of the market in 2019 due to the use of steel sheet piles in building a continuous wall structure having its primary applications in ports & harbors. The steel pipe piles segment is anticipated to expand at a CAGR of 2.7% during the forecast period owing to its ability to provide a rigid foundation to the superstructures.

Based on applications, the market is segmented into ports/harbors, urban civil engineering, bridges, and others. The urban civil engineering segment is projected to hold a major share of the market during the forecast period owing to high investments in several infrastructure developments activities in the country. Steel piles are easier to install and can reach great depths as compared to other types of pile foundations. Therefore, the demand for these piles is increasing significantly in the civil engineering sector.

Countries Outlook

In terms of countries, the market is fragmented into Germany, France, Italy, the UK, Spain, Russia, and Rest of the Europe. Germany is a promising country for the market in the region. The nation constitutes around one fourth share of the market in 2020. The market in the country is projected to expand at a CAGR of 2.8% during the forecast period. Increasing infrastructure developments such as buildings, bridges, and docks is a major factor driving the market in the country. The market in Italy is projected to expand at a CAGR of 2.7% due to increasing road and highway construction in the country.

Competitive Landscape

• Key players in the market include ArcelorMittal, ESC Group, EVRAZ PLC, JFE Steel, Nippon Steel, SteelWall ISH GmbH., United States Steel Corporation, and Zekelman Industries. These companies are considered manufacturers of steel piles based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
• Players are adopting key strategies such as acquisition and geographical expansion where potential opportunity for the steel piles extraction is added in the company’s capacity.

Key Benefits for Industry Participants & Stakeholders

• In-depth analysis of the Europe steel piles market
• Historical, current, and projected market size, in terms of Value and Volume
• Potential & niche segments and regions exhibiting promising growth covered
• Industry drivers, restraints and opportunities covered in the study
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Neutral perspective on the Europe steel piles market performance