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Germany Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)

Publisher GlobalData
Published Sep 26, 2024
Length 59 Pages
SKU # GBDT19273862

Description

Germany Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)


Summary

GlobalData’s Construction in Germany - Key Trends and Opportunities to 2028 (Q3 2024) 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.
The construction industry in Germany is expected to shrink in real terms by 5.8% in 2024, owing to the sluggish residential construction sector, coupled with labor shortages, rising insolvency, high interest rates, elevated construction material costs, and falling building permits. According to Destatis, the total number of building permits issued in the country declined by 15.6% YoY in the first half of 2024; by segments, permits issued for residential and non-residential buildings declined by 19.2% and 3.7% respectively, during the same period. Moreover, the total construction turnover value (companies with 20 and more persons employed) fell by 1% YoY in the first half of 2024. In another setback to the industry, the total number of companies that applied for insolvency proceedings rose by 24.9% YoY in the first six months of 2024, following an overall annual growth of 22.1% in 2023.

GlobalData expects the German construction industry to register an average annual rate of 2.4% between 2025 to 2028, supported by investments in transport infrastructure, and renewable energy projects. The government plans to install 70GW of offshore wind power by 2045. In line with this, in July 2024, the government awarded multiple offshore wind projects, with a combined value of EUR12.6 billion ($13.4 billion), to the British energy company BP and French oil company TotalEnergies to develop wind projects in the North and Baltic Sea. In addition to supporting the offshore wind initiative, the European Investment Bank (EIB) has announced a commitment of EUR5 billion ($5.3 billion) in August 2024, for local wind energy components manufacturers in Germany.

Scope

This report provides a comprehensive analysis of the construction industry in Germany. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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 our 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 business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

59 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 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
About GlobalData
Contact Us
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), 2019-28
Table 4: Germany, Top Commercial Construction Projects by Value
Table 5: Germany, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Germany, Top Industrial Construction Projects by Value
Table 7: Germany, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Germany, Top Infrastructure Construction Projects by Value
Table 9: Germany, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Germany, Top Energy and Utilities Construction Projects by Value
Table 11: Germany, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Germany, Top Institutional Construction Projects by Value
Table 13: Germany, Residential Construction Output by Project Type (Real % Change), 2019-28
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), 2022-28
Figure 2: Germany, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Germany, Risk Summary
Figure 4: Germany, Risk Regional Comparison
Figure 5: Germany, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Germany, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Germany, Construction Value Add, 2015 Chained Linked Volume Measures (EUR Million)
Figure 8: Germany, Gross Fixed Capital Formation, Current Prices (EUR Billion, % Change YoY)
Figure 9: Germany, New Orders Value Index for Building Construction and Civil Engineering Work (2015=100)
Figure 10: Germany, Total Number of Building Permits Approved
Figure 11: Germany, Construction Turnover (Companies With 20 and More Persons Employed), % Change YoY
Figure 12: Germany, Total Number of People Employed in the Construction Sector Index (2021=100)
Figure 13: Germany, Construction Production Index (2021=100)
Figure 14: Germany, Construction Projects Momentum Index
Figure 15: Western Europe, Construction Projects Momentum Index
Figure 16: Germany, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 17: Germany, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Germany, Wholesale and Retail Trade, Transport, Accommodation, and Food Service Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 19: Germany, Commercial Building Construction Orders Value Index (2015=100)
Figure 20: Germany, Number of Permits Approved for Office and Administrative Buildings
Figure 21: Germany, Tourist Arrivals and Overnight Stays (Total Number in Thousand)
Figure 22: Germany, Turnover Index of Accommodation Service Activities in Constant Terms, 2015=100
Figure 23: Germany, Retail Sales Index in Constant Terms, 2015=100
Figure 24: Germany, Wholesale Turnover Index, (Constant Terms, 2015=100)
Figure 25: Germany, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Germany, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Germany, Manufacturing Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 28: Germany, Incoming Orders in Manufacturing Sector (Value Index), 2021=100
Figure 29: Germany, Manufacturing Production and Turnover Indices, 2021=100
Figure 30: Germany, Total Exports (EUR Billion)
Figure 31: Germany, Number of New Passenger Car Registrations, In Thousands
Figure 32: Germany, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Germany, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Germany, Gross Fixed Capital Formation in Civil Engineering, Current Prices (EUR Billion)
Figure 35: Germany, New Orders Value and Volume Indices for Road Construction (% Change YoY)
Figure 36: Germany, Road and Rail Construction Turnover (Companies With 20 and More Persons Employed), EUR Million, % Change YoY
Figure 37: Germany, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 38: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Germany, Information and Communication Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 40: Germany, Civil Engineering and Sewage Treatment Plan Construction Turnover (Companies With 20 and More Persons Employed), EUR Million
Figure 41: Germany, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 42: Germany, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 43: Germany, Public Administration, Defense, Education, Human Health, and Social Work Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 44: Germany, Total Number of Institutional Building Permits Issued
Figure 45: Germany, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 46: Germany, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 47: Germany, Real Estate Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 48: Germany, Total Fixed Capital Formation in Residential Buildings, Current Prices (EUR billion)
Figure 49: Germany, New Orders Value and Volume Indices for Housing Construction (2015=100)
Figure 50: Germany, Total Number of Residential Building Permits Approved
Figure 51: Germany, House Price Index (HPI) for Residential Real Estate, 2015=100
Figure 52: Germany, Construction Cost Index for Residential Buildings, 2015=100, % Change YoY
Figure 53: Germany, Construction Producer Price Index, New Residential Building (2021=100)
Figure 54: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 55: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)

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