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Construction in Germany - Key Trends and Opportunities to 2025 (Q4 2021)

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    Report

  • 57 Pages
  • December 2021
  • Region: Germany
  • GlobalData
  • ID: 5550155
1h Free Analyst Time
1h Free Analyst Time

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The publisher expects Germany’s construction industry to grow by 1.2% in 2021, before it stabilizes at an annual average growth of 2% over the remainder of the forecast period (2022-2025). This compares to the previous forecast of 0.2% growth for 2021. This marginal upward revision reflects stronger-than-expected construction growth in Q3 2021, as well as favorable base effects, and assumes that construction activity will accelerate further over the next few quarters, supported by the government’s focus on improving regional connectivity through the development of the country’s rail and road transport infrastructure, coupled with efforts to boost energy production.

The German construction industry fared relatively well compared to its peers in Western Europe in 2020. Although the industry’s value add contracted by 4.5% on a year-on-year (Y-o-Y) basis in Q1 2021, industry output recovered in the second quarter of 2021, increasing by 3.1% in Q2 and 3.5% in Q3 2021, which helped the industry register a cumulative growth of 0.9% in the first nine months of 2021.

The industry’s output over the forecast period will be supported by the government’s focus on the development of green infrastructure as part of its climate change strategy. The government has also supported the construction sector through its fiscal policy response to the Coronavirus (COVID-19) outbreak, announcing an additional EUR3.1 billion (US$3.5 billion) each year between 2021 and 2024 on public investment in infrastructure, including roads and railways and the construction of affordable housing. Improvements in consumer confidence and positive developments in regional economic conditions will also provide momentum.

The construction of the Fehmarn belt underwater tunnel between Germany and Denmark, which is worth EUR7 billion (US$7.8 billion), will underpin activity in the transport infrastructure sector over the medium term. Growth will also be supported by the 10-year plan to invest EUR86 billion (US$94.7 billion) on the maintenance and modernization of the country’s rail network between 2020 and 2030.

This report provides detailed market analysis, information, and insights into Germany’s construction industry, including:

  • Germany’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Germany’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope


This report provides a comprehensive analysis of the construction industry in Germany. It provides:

  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Germany, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy


  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
  • Contact The Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: Germany, Key Economic Indicators
Table 3: Germany, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: Germany, Top Commercial Construction Projects by Value
Table 5: Germany, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Germany, Top Industrial Construction Projects by Value
Table 7: Germany, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Germany, Top Infrastructure Construction Projects by Value
Table 9: Germany, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Germany, Top Energy and Utilities Construction Projects by Value
Table 11: Germany, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Germany, Top Institutional Construction Projects by Value
Table 13: Germany, Residential Construction Output by Project Type (Real % Change), 2016-2025
Table 14: Germany, Top Residential Construction Projects by Value
Table 15: Germany, Key Contractors
Table 16: Germany, Key Consultants
Table 17: Germany, Construction Output Value (Real, US$ Million)
Table 18: Germany, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020 and 2021
Figure 2: Germany, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Germany, COVID-19 Confirmed Cases
Figure 4: Germany, Risk Summary
Figure 5: Germany, Risk Regional Comparison
Figure 6: Germany, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: Germany, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: Germany, Construction Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 9: Germany, Gross Fixed Capital Formation, 2015 Current Prices (% Change YoY)
Figure 10: Germany, New Orders Value Index for Building Construction and Civil Engineering Works, % Change YoY
Figure 11: Germany, Total Number of Building Permits Approved, % Change YoY
Figure 12: Germany, Construction Turnover (Companies with 20 or More Persons Employed), % Change YoY
Figure 13: Germany, Construction Projects Momentum Index
Figure 14: Western Europe, Construction Projects Momentum Index
Figure 15: Germany, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 16: Germany, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 17: Germany, Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 18: Germany, Commercial Building Construction Orders Value Index (2015=100)
Figure 19: Germany, Number of Permits Approved for Office and Administrative Buildings
Figure 20: Germany, Tourist Arrivals and Overnight Stays (Total Number in Thousand)
Figure 21: Germany, Turnover Index of Accommodation Service Activities in Constant Terms, 2015=100
Figure 22: Germany, Retail Sales Index in Constant Terms, 2015=100
Figure 23: Germany, Wholesale Turnover Index in Constant Terms, 2015=100
Figure 24: Germany, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 25: Germany, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: Germany, Manufacturing Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 27: Germany, Manufacturing Production and Turnover Indices, 2015=100, % Change, YoY
Figure 28: Germany, Total Exports, % Change YoY (EUR Billion)
Figure 29: Germany, Number of New Passenger Car Registrations, in Thousands, % Change, YoY
Figure 30: Germany, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 31: Germany, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: Germany, New Orders Value and Volume Indices for Road Construction (2015=100)
Figure 33: Germany, Road and Rail Construction Turnover (Companies with 20 or More Persons Employed), % Change, YoY
Figure 34: Germany, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 35: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 36: Germany, Underground Pipeline Engineering and Sewage Treatment Turnover (Companies with 20 or More Persons Employed), EUR Million
Figure 37: Germany, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 38: Germany, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 39: Germany, Public Administration, Defence, Education, Human Health and Social Work Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 40: Germany, Total Number of Institutional Building Permits Issued
Figure 41: Germany, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 42: Germany, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 43: Germany, Real Estate Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 44: Germany, Total Fixed Capital Formation in Dwellings, 2015 Current Prices (EUR billion)
Figure 45: Germany, New Orders Value and Volume Indices for Housing Construction, % Change YoY
Figure 46: Germany, Total Number of Residential Building Permits Approved
Figure 47: Germany, House Price Index (HPI) for Residential Real Estate, 2015=100, % Change, YoY
Figure 48: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 49: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)