Germany Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Reasons to buy the ‘Germany Construction’ market sizing report:
- Get a comprehensive analysis of the construction industry in Germany.
- Access the historical and forecast valuations of the German construction industry along with details of key growth drivers.
- Identify the sectors and sub-sectors within the German construction market.
- Examine the mega-project pipeline, including breakdowns by development stage across all sectors.
- Assess the projected spending on projects in the existing pipeline.
- Learn about the major projects in the German construction market, in addition to details of leading contractors and consultants.
How is our ‘Germany Construction’ report unique from other reports in the market?
- 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.
We recommend this valuable source of information to anyone involved in:
- Contractors Including Civil Works, Electrical, HVAC, and Others
- Consultants/Designers
- Building Material Merchants/Players
- Construction Equipment Suppliers
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC firms/Portfolio Managers/Buy-side Firms/Insurance Companies
- M&A/Investment, Management Consultants, and Consulting Firms
Get a Snapshot of the Germany Construction Market Report
Germany Construction Market Report Overview
The Germany construction market size was $531.2 billion in 2023. The market will achieve an AAGR of more than 2% during 2025-2028. The market growth is owing to the rising investments in industrial, infrastructure, and renewable energy projects.
Germany Construction Market Outlook, 2023-2028 ($ Billion)
Buy the Full Report to Know More about the Germany Construction Market Forecast
The Germany construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities, which will influence the Germany construction market growth in the coming years.
Market Size (2023) | $531.2 billion |
AAGR (2025-2028) | >2% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
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 · Implenia AG · Vinci SA |
Key Consultants | · Arcadis NV
· WSP Global Inc · Schußler-Plan GmbH · Arup Group Ltd · OBERMEYER Holding GmbH |
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Germany Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Germany construction market in 2023
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 rebound in tourism activity, as well as investments in office, logistics, and data center building projects will drive the commercial sector’s growth during the forecast period.
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. Improvement in exports, and investments in the manufacturing and industrial sector will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The public and private sector investments in road and rail infrastructure projects aimed at improving regional connectivity will support the infrastructure sector’s output during the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The investments in the renewable energy sector, in line with the government’s focus on generating 80% of its electricity from renewable energy sources by 2030 will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The government investment into the healthcare, and education projects will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The public and private sector investments in housing projects to address the housing shortage will support the residential sector output over the forecast period.
Germany Construction Market Analysis by Sectors, 2023 (%)
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Germany Construction Market - Competitive Landscape
STRABAG SE emerged as the leading contractor and Arcadis NV was the leading consultant in the Germany construction market in 2023
A few of the leading contractors in the Germany construction market are:
- STRABAG SE
- Actividades de Construccion y Servicios SA
- Royal BAM Group nv
- Implenia AG
- Vinci SA
Foreign contractors account for most of the project pipeline in the German construction market.
Germany Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Germany construction market are:
- Arcadis NV
- WSP Global Inc
- Schußler-Plan GmbH
- Arup Group Ltd
- OBERMEYER Holding GmbH
Consultants with headquarters based in Germany are involved in most of the project pipeline by value.
Germany Construction Market Analysis by Consultants, 2023 (%)
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Germany Construction Market - Latest Developments
- In February 2024, the Saxony city government announced a package of EUR105 million ($107.5 million) for construction of houses and low-interest loans of less than 1% at a 25-year fixed interest rate scheme on purchase of condominiums.
- In December 2023, the construction work on the Fehmarnbelt tunnel near the Fehmarn strait was started, comprising the development of 18.5Km to shorten the travel time between Hamburg and Copenhagen from 4.5 hours to 2.5 hours and is expected to be completed by 2029.
Segments Covered in the Report
Germany Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
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Frequently asked questions
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What was the construction market size in Germany in 2023?
The construction market size in Germany was $531.2 billion in 2023.
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What will the Germany construction market growth rate be during the forecast period?
The construction market in Germany is projected to achieve an AAGR of more than 2% during 2025-2028.
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Which sector accounted for the highest share of the German construction market in 2023?
The residential construction sector accounted for the highest market share in the German construction market in 2023.
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Which are the leading contractors in the Germany construction market?
A few of the leading contractors in the Germany construction market are STRABAG SE, Actividades de Construccion y Servicios SA, Royal BAM Group nv, Implenia AG, and Vinci SA among others.
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Which are the leading consultants in the Germany construction market?
A few of the leading consultants in the Germany construction market are WSP Global Inc, Schußler-Plan GmbH, Arup Group Ltd, Arcadis NV, and OBERMEYER Holding GmbH among others.
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