Germany Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
Germany Construction Market Report Overview
The Germany construction market size was valued at $486 billion in 2021. The market is projected to achieve an AAGR of more than 1% during 2023-2026. This industry has been severely impacted by economic headwinds caused by the ongoing energy crisis, high construction materials costs, rising inflation, and labor shortages. Forecast-period construction market growth in Germany will be supported by the government’s plan to invest in industrial transformation until 2026. This includes funding for climate protection, hydrogen production, expansion of the electric vehicle (EV) charging infrastructure, and construction of new renewable energy projects.
The Germany construction market research report provides detailed market analysis, information, and insights into the Germany construction industry, including the growth prospects by market, project type, and construction activity. The report also delivers 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. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Germany Construction Market Outlook
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Germany Construction Market Segmentation by Sectors
The key sectors in the Germany construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The commercial construction sector is expected to shrink in real terms in 2022 and in 2023, owing to the weak investor and consumer confidence amid continued weakness in the country’s tourism sector, coupled with rising inflation rates. There has also been a sharp fall in permits issued for office and administration buildings in recent months.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector is expected to pick up momentum in 2024, supported by investments in the country’s auto sector, in line with the government’s plan to increase the number of EVs in the country by 2030. In October 2022, the government announced a plan to invest in expanding EV charging infrastructure across the country over the next three years.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector’s output will be supported by investments in road, rail, and waterway infrastructure projects. As part of the latest budget, the government allocated a sum for federal road projects, for waterway infrastructure, as well as for rail projects.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The energy and utilities sector is expected to be supported by investments in renewable energy projects, in line with the government’s target to produce a major percentage of its electricity from renewable sources by 2030. The government plans to produce the whole of Germany’s electricity from renewable sources by 2035. In June 2022, the government approved the new “Onshore Wind Energy Act”, under which it will allocate a part of its land to the onshore wind by 2026.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s output over the forecast period will be supported by public and private sector investments in the health, education, and research sectors. As part of the latest budget, the government approved an allocation for the Federal Ministry of Health and for the Federal Ministry of Education and Research (BMBF). The expansion of the aging population will also provide some support to the healthcare buildings category’s output over the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction sector is expected to pick up again in 2024 supported by the government’s focus on tackling the country’s housing shortages, coupled with investments in social housing projects.
Germany Construction Market Analysis, by Sectors
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Germany Construction Market - Competitive Landscape
The leading contractors in the Germany construction market are STRABAG SE, Actividades de Construccion y Servicios SA, Royal BAM Group NV, Vinci SA, Implenia AG, Max Bogl Group, Hitachi Ltd, Baresel GmbH, Swietelsky Baugesellschaft mbH, and Walo Bertschinger AG.
Germany Construction Market, by Contractors
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The leading consultants in the Germany construction market are Arup Group Ltd, WSP Global Inc, Schußler-Plan GmbH, Sweco AB, Fugro NV, WTM Engineers GmbH, OBERMEYER Holding GmbH, Amberg Group AG, COWI Holding AS, and AFRY AB.
Germany Construction Market, by Consultants
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Germany Construction Market Report Overview
| Market Size (2021) | $486 billion |
| AAGR (2023-2026) | >1% |
| Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction |
| Leading Contractors | STRABAG SE, Actividades de Construccion y Servicios SA, Royal BAM Group NV, Vinci SA, Implenia AG, Max Bogl Group, Hitachi Ltd, Baresel GmbH, Swietelsky Baugesellschaft mbH, and Walo Bertschinger AG |
| Leading Consultants | Arup Group Ltd, WSP Global Inc, Schußler-Plan GmbH, Sweco AB, Fugro NV, WTM Engineers GmbH, OBERMEYER Holding GmbH, Amberg Group AG, COWI Holding AS, and AFRY AB |
Scope
This report provides:
- A comprehensive analysis of the construction industry in Germany
- Historical and forecast 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 GlobalData’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 GlobalData’s critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in Germany was valued at $486 billion in 2021.
The construction market in Germany is projected to achieve an AAGR of more than 1% during 2023-2026.
The key sectors in the Germany construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
The leading contractors in the Germany construction market are STRABAG SE, Actividades de Construccion y Servicios SA, Royal BAM Group NV, Vinci SA, Implenia AG, Max Bogl Group, Hitachi Ltd, Baresel GmbH, Swietelsky Baugesellschaft mbH, and Walo Bertschinger AG.
The leading consultants in the Germany construction market are Arup Group Ltd, WSP Global Inc, Schußler-Plan GmbH, Sweco AB, Fugro NV, WTM Engineers GmbH, OBERMEYER Holding GmbH, Amberg Group AG, COWI Holding AS, and AFRY AB.
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