Germany Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
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Germany Construction Market Report Overview
The German construction market size was $493.4 billion in 2022. The market is projected to achieve an AAGR of less than 2% during 2024-2027. The market growth will be supported by investments in the transport, renewable energy, and manufacturing sectors. Investments in the country’s auto manufacturing sector will be driven by the government’s aim of having more than 14 million electric cars on roads by 2030.
Germany Construction Market Outlook, 2022-2027 ($ Billion)
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The Germany construction market research report provides detailed market analysis, information, and insights into the German construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues and an analysis of key risks and opportunities in the German construction industry. It also analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
Market Size (2022) | $493.4 billion |
AAGR (2024-2027) | <2% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · STRABAG SE
· Actividades de Construccion y Servicios SA · Royal BAM Group NV · Vinci SA · PORR AG · Implenia AG |
Key Consultants | · Arup Group Ltd
· Sweco AB · WSP Global Inc · Schußler-Plan GmbH · AFRY AB · KREBS + KIEFER Service GmbH |
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Germany Construction Market Segmentation by Sectors
Residential construction was the leading sector in the German construction market in 2022.
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 sector’s output will pick up gradually from 2024 after a decline in 2023. This growth will be supported by an expected improvement in tourism activity, a growth in wholesale and retail trade construction demand, and investments in office, logistics, and data center building projects.
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 growth over the forecast period will be supported by investments in the semiconductor chip manufacturing plant projects, amid high demand from the renewable energy, data center, and electromobility sectors. Other factors driving the growth are investments in Germany’s auto sector.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by public and private sector investments in road and 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 growth of the sector over the forecast period will be supported by investments in the renewable energy sector, in line with the government’s target of generating the majority of its electricity from renewable energy sources by 2030.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by investments on research, government, and museum building projects.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector growth will be supported by public and private sector investments on housing projects to address the housing shortage.
Germany Construction Market Analysis by Sectors, 2022 (%)
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Germany Construction Market - Competitive Landscape
STRABAG SE was the leading contractor and Arup Group Ltd was the leading consultant in the Germany construction market in 2022.
Some of the leading contractors in the Germany construction market are:
- STRABAG SE
- Actividades de Construccion y Servicios SA
- Royal BAM Group NV
- Vinci SA
- PORR AG
- Implenia AG
Foreign contractors account for a majority share of the project pipeline in the German construction market.
Germany Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Germany construction market are:
- Arup Group Ltd
- Sweco AB
- WSP Global Inc
- Schußler-Plan GmbH
- AFRY AB
- KREBS + KIEFER Service GmbH
Consultants with headquarters in Germany are involved in most of the project pipeline by value.
Germany Construction Market Analysis by Consultants, 2022 (%)
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Germany Construction Market – Latest Developments
- The largest commercial project in the pipeline is the Munich Central Station Redevelopment project which involves the redevelopment of the Munich Central Station and includes the construction of the reception building, Starnberger wing station, and a hotel and office building.
- The largest industrial construction pipeline includes the Magdeburg European Chip Fabrication Plant project which is in the planning stage. It includes the construction of a manufacturing unit, semiconductor manufacturing halls, a research and development (R&D) facility, and an administrative office, among others.
Segments Covered in the Report
Germany Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
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 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
Frequently asked questions
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What was the Germany construction market size in 2022?
The construction market size in Germany was $493.4 billion in 2022.
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What is the Germany construction market growth rate?
The construction market in Germany is projected to achieve an AAGR of less than 2% during 2024-2027.
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Which was the leading sector in the Germany construction market in 2022?
Residential construction was the leading sector in the German construction market in 2022.
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Which are the leading contractors in the Germany construction market?
Some of the leading contractors in the Germany construction market are STRABAG SE, Actividades de Construccion y Servicios SA, Royal BAM Group NV, Vinci SA, PORR AG, and Implenia AG.
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Who are the leading consultants in the Germany construction market?
Some of the leading consultants in the Germany construction market are Arup Group Ltd, Sweco AB, WSP Global Inc, Schußler-Plan GmbH, AFRY AB, and KREBS + KIEFER Service GmbH.
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