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), By Europe (Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Europe steel piles 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.
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
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel Piles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Steel Piles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Piles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Steel Piles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Europe Steel Piles Market Size & Forecast, 2017-2027
4.5.1 Steel Piles Market Size and Y-o-Y Growth
4.5.2 Steel Piles Market Absolute $ Opportunity
Chapter 5 Europe Steel Piles Market Analysis and Forecast By Product Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Product Type
5.1.2 Basis Point Share (BPS) Analysis By Product Type
5.1.3 Absolute $ Opportunity Assessment By Product Type
5.2 Steel Piles Market Size & Volume Forecast By Product Type
5.2.1 Steel Sheet Piles
5.2.2 Steel Pipe Piles
5.2.3 Steel Pipe Sheet Piles
5.3 Market Attractiveness Analysis By Product Type
Chapter 6 Europe Steel Piles Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Steel Piles Market Size & Volume Forecast By Application
6.2.1 Ports/Harbors
6.2.2 Urban Civil Engineering
6.2.3 Bridges
6.2.4 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Europe Steel Piles Market Analysis and Forecast By Sales Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
7.1.3 Absolute $ Opportunity Assessment By Sales Channel
7.2 Steel Piles Market Size & Volume Forecast By Sales Channel
7.2.1 OEM
7.2.2 Aftermarket
7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 Europe Steel Piles Analysis and Forecast
9.1 Introduction
9.2 Europe Steel Piles Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
Chapter 10 Competition Landscape
10.1 Steel Piles Market: Competitive Dashboard
10.2 Europe Steel Piles Market: Market Share Analysis, 2019
10.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
10.3.1 ArcelorMittal
10.3.2 ESC Group
10.3.3 EVRAZ PLC
10.3.4 JFE Steel
10.3.5 Nippon Steel
10.3.6 SteelWall ISH GmbH.
10.3.7 United States Steel Corporation
10.3.8 Zekelman Industries