According to a recent market study published by Growth Market Reports (GMR), 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.
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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.
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.
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As per GMR 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.”
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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. |
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