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Construction Market in Germany 2019-2023

Construction Market in Germany 2019-2023

About this market

The construction industry in Germany is increasingly adopting new digital technologies such as BIM. BIM is a 3D modeling tool that generates a digital image of a building and its assets. The adoption of this technology has allowed the construction companies in Germany to improve their productivity, work speed, and quality. As per the recommendations provided by the Construction of Major Projects Reform Commission, all transportation projects must use BIM by the end of 2020. In February 2015, Planen Bauen 4.0 was formed to streamline the implementation of BIM in the German construction industry. The implementation of BIM in the construction market will help in achieving cost efficiencies. Thus, the ongoing use of digital technologies in the construction market in Germany will drive the growth of the market during the forecast period. Technavio’s analysts have predicted that the construction market in Germany will register a CAGR of almost 5% by 2023.Market Overview

Growing demand for housing units

The residential property market in Germany has been growing rapidly. The population in large cities of Germany such as Cologne, Frankfurt, Hamburg, Berlin, and Munich have been increasing. Also, Germany is one of the healthiest economies in Europe, which have attracted several immigrants into the country. This have resulted in a housing supply demand gap. The German government intends to build 1.5 million housing units by 2021 to close this gap. This will lead to increasing construction activities during the forecast period, which will lead to growth of the construction market in Germany.

Rise in cost of construction

The price of raw materials used in construction such as metals, wood, lime, plaster and concrete has been increasing. The rising cost of specialized services such as metal construction work, plumbing work, and HVAC add to the increasing cost of construction. The operating costs of the construction industry in Germany is also increasing due to rising labor costs. Thus, the rising cost of construction will hamper the growth of the market in Germany during the next five years.

For the detailed list of factors that will drive and challenge the growth of the construction market in Germany during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including BAUER Group, and Bilfinger the competitive environment is quite intense. Factors such as the increasing demand for housing projects, will provide considerable growth opportunities to the construction companies in Germany. BAUER Group, Bilfinger, HOCHTIEF, Max Bögl Group, STRABAG, and Stumpf Group are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Construction Market in Germany 2019-2023

Technavio recognizes the following companies as the key players in the construction market in Germany: BAUER Group, Bilfinger, HOCHTIEF, Max Bögl Group, STRABAG, and Stumpf Group.

Commenting on the report, an analyst from Technavio’s team said: “The German construction industry is implementing digital technologies such as BIM to improve productivity, cost efficiency, and lower costs for the vendors. This use of digital technologies will be a key trend driving the market growth in Germany.”

According to the report, one of the major drivers for this market is the growing demand for housing units in Germany. Rising population and immigrant influx are creating a demand for housing units in Germany. To cater to the growing demand the German government is investing considerably to build new housing units.

Further, the report states that one of the major factors hindering the growth of this market is the rising cost of construction. This increase in cost of construction can be attributed to factors such as rising cost of raw materials, labor, and specialized services.

Companies Mentioned

BAUER Group

Bilfinger

HOCHTIEF

Max Bögl Group

STRABAG

Stumpf Group

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global construction market
      • Table Segments of global construction market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Country market: Size and forecast 2018-2023 ($ billions)
      • Table Construction-related laws in Germany
      • Table Country market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Residential - Market size and forecast 2018-2023
      • Table Residential - Market size and forecast 2018-2023 ($ billions)
      • Table Residential - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ billions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Public - Market size and forecast 2018-2023
      • Table Public - Market size and forecast 2018-2023 ($ billions)
      • Table Public - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Renovation and modernization - Market size and forecast 2018-2023
      • Table Renovation and modernization - Market size and forecast 2018-2023 ($ billions)
      • Table Renovation and modernization - Year-over-year growth 2019-2023 (%)
    • New installations - Market size and forecast 2018-2023
      • Table New installations - Market size and forecast 2018-2023 ($ billions)
      • Table New installations - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Ongoing use of digital technologies
    • Rising investments in renewables
    • Growing demand for modular houses
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BAUER Group
      • Table BAUER Group - Vendor overview
      • Table BAUER Group - Business segments
      • Table BAUER Group - Organizational developments
      • Table BAUER Group– Geographic focus
      • Table BAUER Group - Segment focus
      • Table BAUER Group - Key offerings
    • Bilfinger
      • Table Bilfinger - Vendor overview
      • Table Bilfinger - Business segments
      • Table Bilfinger - Organizational developments
      • Table Bilfinger – Geographic focus
      • Table Bilfinger - Segment focus
      • Table Bilfinger - Key offerings
    • HOCHTIEF
      • Table HOCHTIEF - Vendor overview
      • Table HOCHTIEF - Business segments
      • Table HOCHTIEF - Organizational developments
      • Table HOCHTIEF – Geographic focus
      • Table HOCHTIEF - Segment focus
      • Table HOCHTIEF - Key offerings
    • Max Bögl Group
      • Table Max Bögl Group - Vendor overview
      • Table Max Bögl Group - Organizational developments
      • Table Max Bögl Group - Key offerings
    • STRABAG
      • Table STRABAG - Vendor overview
      • Table STRABAG - Business segments
      • Table STRABAG - Organizational developments
      • Table STRABAG– Geographic focus
      • Table STRABAG - Segment focus
      • Table STRABAG - Key offerings
    • Stumpf Group
      • Table Stumpf Group - Vendor overview
      • Table Stumpf Group - Organizational developments
      • Table Stumpf Group - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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