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Germany Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 56 Pages
  • May 2022
  • Region: Germany
  • GlobalData
  • ID: 5595573
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The German construction industry registered an annual decline of 1.7% in real terms last year, following growth of 3.8% in 2020. The industry’s output in 2021 was mainly affected by the imposition of Coronavirus (COVID-19) restrictions in some regions. Raw material shortages and a rise in construction material prices also impacted progress on projects. According to the Federal Statistical Office, Destatis, the construction cost of residential buildings rose by 6.8% in 2021, driven by an increase in the prices of materials (9.4%) and labour (3.3%).

The industry is expected to regain growth momentum and expand by 1.9% this year, supported by investments on transport infrastructure projects, in line with the government’s focus on improving regional connectivity. The industry recorded a good start in 2022, with construction value add expanding by 2.2% year on year (YoY) in real terms the first quarter of this year. However, the short-term outlook is subject to downside risk amid the fallout from Russia’s invasion of Ukraine, which has weighed on investor confidence and further elevated energy and construction material prices. According to a survey conducted by the Main Association of the German Building Industry (Bauindustrie), construction companies in the country are witnessing a fall in orders, temporary suspension of ongoing activities and delays in projects, due to construction material shortages and price increases that have been aggravated by the war.

The publisher expects the German construction industry to register annual average growth of 1.8% from 2023 to 2026, supported by investment on infrastructure, residential, renewable energy and Liquefied Natural Gas (LNG) projects. The government has committed to providing social housing units for people in lower income groups, in line with its efforts to address the current housing crisis in the country. As part of the draft budget for 2022, the government announced a plan to invest EUR14.5 billion ($17.3 billion) on social housing construction until 2026. Forecast-period growth in the industry will also be supported by the 10-year plan to invest EUR86 billion ($94.7 billion) on the maintenance and modernization of the country’s rail network between 2020 and 2030.

The report provides detailed market analysis, information and insights into the German construction industry, including:
  • The German 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 the German 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 (2017-2021) and forecast (2022-2026) 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.

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), 2017-26
Table 4: Germany, Top Commercial Construction Projects by Value
Table 5: Germany, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Germany, Top Industrial Construction Projects by Value
Table 7: Germany, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Germany, Top Infrastructure Construction Projects by Value
Table 9: Germany, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Germany, Top Energy and Utilities Construction Projects by Value
Table 11: Germany, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Germany, Top Institutional Construction Projects by Value
Table 13: Germany, Residential Construction Output by Project Type (Real % Change), 2017-26
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, $ 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), 2020-26
Figure 2: Germany, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
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, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Germany, Construction Output Value, by Sector (Real, $ Million), 2017-26
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 (2015=100)
Figure 11: Germany, Total Number of Building Permits Approved
Figure 12: Germany, Construction Turnover (Companies with 20 and more persons employed), % Change YoY
Figure 13: Germany, Construction Projects Momentum Index
Figure 14: Region, Construction Projects Momentum Index
Figure 15: Germany, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 16: Germany, Commercial Construction Projects Pipeline, Value by Stage ($ 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