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

Pages: 56 Published: December 09, 2022 Report Code: GDCN1046MR

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

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

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

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

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

Table of Contents

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 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 Us

List of Tables

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

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 Million)

Figure 9: Germany, Gross Fixed Capital Formation, Current Prices (% Change YoY)

Figure 10: Germany, New Orders Volume Index for Building Construction and Civil Engineering Works (2015=100)

Figure 11: Germany, Total Number of Building Permits Approved

Figure 12: Germany, Construction Projects Momentum Index

Figure 13: Western Europe, Construction Projects Momentum Index

Figure 14: Germany, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 15: Germany, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Germany, Wholesale and Retail Trade, Transport, Accommodation, and Food Service Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 17: Germany, Commercial Building Construction Orders Value Index (2015=100)

Figure 18: Germany, Number of Permits Approved for Office and Administrative Buildings

Figure 19: Germany, Tourist Arrivals and Overnight Stays (Total Number in Thousand)

Figure 20: Germany, Turnover Index of Accommodation Service Activities in Constant Terms, 2015=100

Figure 21: Germany, Retail Sales Index in Constant Terms, 2015=100

Figure 22: Germany, Wholesale Turnover Index in Constant Terms, 2015=100

Figure 23: Germany, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 24: Germany, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Germany, Manufacturing Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 26: Germany, Incoming Orders in Manufacturing Sector (Volume index), Unadjusted Data, 2015=100

Figure 27: Germany, Manufacturing Production and Turnover Indices, 2015=100

Figure 28: Germany, Total Exports (EUR Billion)

Figure 29: Germany, Number of New Passenger Car Registrations, in Thousands

Figure 30: Germany, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 31: Germany, Infrastructure Construction Projects Pipeline, Value by Stage ($ 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 and More Persons Employed), In EUR Million

Figure 34: Germany, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 35: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Germany, Information and Communication Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 37: Germany, Civil Engineering and Sewage Treatment Turnover (Companies With 20 and More Persons Employed), EUR Million

Figure 38: Germany, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 39: Germany, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: Germany, Public Administration, Defense, Education, Human Health, and Social Work Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 41: Germany, Total Number of Institutional Building Permits Issued

Figure 42: Germany, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 43: Germany, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 44: Germany, Real Estate Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 45: Germany, Total Fixed Capital Formation in Dwellings, Current Prices (EUR billion)

Figure 46: Germany, New Orders Value and Volume Indices for Housing Construction (2015=100)

Figure 47: Germany, Total Number of Residential Building Permits Approved

Figure 48: Germany, House Price Index (HPI) for Residential Real Estate, 2015=100

Figure 49: Germany, Construction Cost Index for Residential Buildings, 2015=100, % Change YoY

Figure 50: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 51: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)

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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