Germany Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Pages: 50 Published: June 16, 2023 Report Code: GDCN1166MR

Germany Construction Market Report Overview

The Germany construction market size was $493.7 billion in 2022. The market is projected to achieve an AAGR of more than 1% during 2024-2027, supported by investments in the transport, renewable energy, housing, and manufacturing sectors.

Germany Construction Market Outlook, 2022-2027

Germany Construction Market Outlook, 2022-2027

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The Germany construction market research report provides detailed market analysis, information, and insights into the Germany construction industry, including the growth prospects of the industry 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 Germany 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.

Market Size (2022) $493.7 billion
AAGR (2024-2027) >1%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·       Commercial Construction

·       Industrial Construction

·       Infrastructure Construction

·       Energy and Utilities Construction

·       Institutional Construction

·       Residential Construction

Leading Contractors ·       STRABAG SE

·       Actividades de Construccion y Servicios SA

·       Implenia AG

·       Royal BAM Group nv

·       Vinci SA

Leading Consultants ·       WSP Global Inc

·       AFRY AB

·       Arup Group Ltd

·       Sweco AB

·       Dr. Spang Ingenieurgesellschaft fur Bauwesen

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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. Residential construction was the leading sector in the Germany construction market in 2022.

Commercial construction: The commercial construction sector is expected to pick up gradually from 2024, supported by an expected improvement in tourism activity, as well as growth in wholesale and retail trade construction demand.

Industrial construction: Forecast-period growth in the industrial sector will be supported by a rebound in manufacturing and export activities.

Infrastructure construction: The infrastructure construction sector’s growth over the forecast period will be supported by an increase in the value of new orders received for civil engineering works.

Energy and utilities construction: Forecast-period growth in the energy and utilities sector is expected to be supported by investments in renewable energy, telecommunications, and water projects.

Institutional construction: GlobalData expects the institutional construction sector to recover and register growth during 2024-27. This will be supported by public and private sector investment in the health, education, and research sectors.

Residential construction: The residential construction sector growth will be supported by public and private sector investments on housing projects, to address the issue of rising housing shortage in the country.

Germany Construction Market Analysis by Sectors, 2022 (%)

Germany Construction Market Analysis by Sectors, 2022 (%)

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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, Implenia AG, Royal BAM Group NV, and Vinci SA among others. STRABAG SE led the market in 2022.

Germany Construction Market by Contractors, 2022 (%)

Germany Construction Market by Contractors, 2022 (%)

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The leading consultants in the Germany construction market are WSP Global Inc, AFRY AB, Arup Group Ltd, Sweco AB, and Dr. Spang Ingenieurgesellschaft fur Bauwesen among others. WSP Global Inc led the market.

Germany Construction Market by Consultants, 2022 (%)

Germany Construction Market by Consultants, 2022 (%)

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Segments Covered in the Report

Germany Construction Sectors Outlook (Value, US$ Million, 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. It provides

  • 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

  • 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

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. 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

  • 8. About GlobalData
  • 9. 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), 2018–27

Table 4: Germany, Top Commercial Construction Projects by Value

Table 5: Germany, Industrial Construction Output by Project Type (Real % Change), 2018–27

Table 6: Germany, Top Industrial Construction Projects by Value

Table 7: Germany, Infrastructure Construction Output by Project Type (Real % Change), 2018–27

Table 8: Germany, Top Infrastructure Construction Projects by Value

Table 9: Germany, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27

Table 10: Germany, Top Energy and Utilities Construction Projects by Value

Table 11: Germany, Institutional Construction Output by Project Type (Real % Change), 2018–27

Table 12: Germany, Top Institutional Construction Projects by Value

Table 13: Germany, Residential Construction Output by Project Type (Real % Change), 2018–27

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), 2021–27

Figure 2: Germany, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

Figure 3: Germany, Risk Summary

Figure 4: Germany, Risk Regional Comparison

Figure 5: Germany, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018–27

Figure 6: Germany, Construction Output Value, by Sector (Real, $ Million), 2018–27

Figure 7: Germany, Construction Value Add, 2015 Chained Linked Volume Measures (EUR Million)

Figure 8: Germany, Gross Fixed Capital Formation, Current Prices (% Change YoY)

Figure 9: Germany, New Orders Value Index for Building Construction and Civil Engineering Works (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, Construction Projects Momentum Index

Figure 13: Western Europe, Construction Projects Momentum Index

Figure 14: Germany, Commercial Construction Output by Project Type (Real, $ Million), 2018–27

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, Wholesale Turnover Index in Constant Terms, 2015=100

Figure 22: Germany, Industrial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 23: Germany, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 24: Germany, Manufacturing Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 25: Germany, Incoming Orders in Manufacturing Sector (Value index), 2015=100

Figure 26: Germany, Total Exports (EUR Billion)

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

Figure 28: Germany, Number of New Passenger Car Registrations, in Thousands

Figure 29: Germany, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

Figure 30: Germany, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: Germany, Total Fixed Capital Formation in Civil Engineering, Current Prices (EUR billion)

Figure 32: Germany, Road, Rail, and Bridge and Tunnel Construction Turnover (Companies With 20 and More Persons Employed), In EUR Million

Figure 33: Germany, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27

Figure 34: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 35: Germany, Information and Communication Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 36: Germany, Civil Engineering and Sewage Treatment Plan Construction Turnover (Companies With 20 and More Persons Employed), EUR Million

Figure 37: Germany, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

Figure 38: Germany, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Germany, Public Administration, Defense, Education, Human Health, and Social Work Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 40: Germany, Total Number of Institutional Building Permits Issued

Figure 41: Germany, Residential Construction Output by Project Type (Real, $ Million), 2018–27

Figure 42: Germany, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 43: Germany, Real Estate Value Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 44: Germany, Total Fixed Capital Formation in Residential Buildings, Current Prices (EUR billion)

Figure 45: Germany, New Orders Value and Volume Indices for Housing Construction (2015=100)

Figure 46: Germany, Total Number of Residential Building Permits Approved

Figure 47: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 48: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in Germany was $493.7 billion in 2022.

The construction market in Germany is projected to achieve an AAGR of more than 1% during 2024-2027.

Residential construction was the leading sector in the Germany construction market in 2022.

The leading contractors in the Germany construction market are STRABAG SE, Actividades de Construccion y Servicios SA, Implenia AG, Royal BAM Group NV, and Vinci SA.

The leading consultants in the Germany construction market are WSP Global Inc, AFRY AB, Arup Group Ltd, Sweco AB, and Dr. Spang Ingenieurgesellschaft fur Bauwesen.

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