Germany Construction Market Size, By Type (Residential, Commercial, Industrial, Institutional, Specialized, Renovation, Environmental), By Contracting Type (General Contracting, Construction Management), Scale & Forecast, 2023 – 2032
Germany Construction Market Size, By Type (Residential, Commercial, Industrial, Institutional, Specialized, Renovation, Environmental), By Contracting Type (General Contracting, Construction Management), Scale & Forecast, 2023 – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationGermany Construction Market Size, By Type (Residential, Commercial, Industrial, Institutional, Specialized, Renovation, Environmental), By Contracting Type (General Contracting, Construction Management), Scale & Forecast, 2023 – 2032
Germany Construction Market Size
Germany Construction Market size was valued at USD 244.2 billion in 2022 and is predicted to grow at a CAGR of 5.5% between 2023 and 2032. The adoption of advanced technologies and digital solutions in the construction industry has transformed traditional construction practices in Germany. The integration of innovative technologies has not only boosted efficiency and productivity but has also attracted investments, further stimulating the overall construction market in Germany.
To get key market trends
The demand for modernization and retrofitting of existing infrastructure & buildings in Germany has created a thriving market for renovation projects. With a focus on sustainability and energy efficiency, businesses & property owners are investing in upgrading their facilities to meet modern standards and environmental regulations. This surge in retrofitting projects has provided a significant boost to the construction sector, generating new opportunities for construction companies and contributing to industry growth.
Report Attribute | Details |
---|---|
Base Year | 2022 |
Germany Construction Market Size in 2022 | USD 244.2 Billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 5.5% |
2032 Value Projection | USD 411.2 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 150 |
Tables, Charts & Figures | 101 |
Segments covered | Type, End Use, Contracting Type, and Scale |
Growth Drivers |
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Pitfalls & Challenges |
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What are the growth opportunities in this market?
Hey, listen up! Germany's construction biz is facing a bunch of safety and worker problems that are a real headache. First off, making sure everyone on site is safe and sound is like rule number one. Companies need to follow all the rules and make sure nothing bad happens. Accidents and getting hurt is a big no-no. But there's also a shortage of skilled workers. People aren't learning these construction skills anymore, and the laws are always changing. Not to mention workers wanting to be treated fairly and paid good money. This can delay projects and make them cost more. To fix this, the industry needs to get more people into training programs, use fancy safety gear, and make sure workers are treated with respect. That way, we can get more people into construction and keep them there. It's also key for construction companies, unions, and the government to talk to each other and figure out how to solve these problems together. That way, we can keep our construction sites safe and get the job done right.
COVID-19 Impact
The COVID-19 pandemic impacted the Germany construction market in several ways. Lockdowns and restrictions disrupted construction activities, leading to project delays and cancellations. Supply chain disruptions and shortages of materials hindered construction progress and increased costs. Moreover, the economic uncertainty caused by the pandemic led to reduced investments in construction projects. Social distancing measures and health concerns affected labor availability, productivity, and on-site efficiency. Overall, the pandemic created significant challenges and setbacks for the construction industry in Germany.
Germany Construction Market Trends
The Germany construction industry is witnessing an increasing focus on sustainable and green building practices. As environmental awareness grows, construction companies are adopting eco-friendly materials, energy-efficient designs, and renewable energy solutions. Green building certifications and regulations encourage sustainable construction projects, reflecting the industry's commitment to environmental responsibility and meeting the demand for eco-friendly structures.
Germany Construction Market Analysis
Learn more about the key segments shaping this market
The residential construction segment held approximately 15% share of the Germany construction market in 2022 and is poised to reach USD 80 billion in 2032. Low-interest rates, strong demand for housing, and government initiatives to address housing shortages are driving the business expansion. Furthermore, sustainable and innovative construction practices are gaining popularity. Overall, these elements contribute to the positive trend in Germany's residential construction, providing much-needed housing solutions for its growing population.
Learn more about the key segments shaping this market
The private sector segment captured around 69.24% share of the Germany construction market in 2022. Real estate development is a key factor driving the private sector segment in the construction market. Private developers engage in residential, commercial, and mixed-use projects to capitalize on the demand for properties, both for sale and rental purposes. Additionally, the private sector responds to the demand for commercial and industrial spaces. Companies require offices, retail spaces, warehouses, factories, and other facilities for their operations. Private developers and investors capitalize on this demand by constructing commercial & industrial properties.
The general contracting segment is experiencing growth. As projects become more complex and specialized, businesses & property owners are increasingly relying on general contractors to efficiently manage and coordinate the various aspects of construction. General contractors offer expertise, project management skills, and a single point of contact, streamlining the construction process & ensuring timely completion. The growing trend of large-scale infrastructure projects and the demand for turnkey solutions will further drive the general contracting segment expansion.
Germany Construction Market Share
Major companies operating in the Germany construction market include
- Acciona
- ACS
- allkauf Haus
- CRH Plc
- GOLDBECK GmbH
- Ronesans Holding
- TRAPP Construction International GmbH
- WOLFF
- Müller Ltd. & Co. KG.
Germany Construction Industry News
- In July 2023, NeuConnect Interconnector announced that the work has begun for first UK-German power link project. The project will help boost energy security as Europe seeks alternatives to Russian pipeline gas following Moscow’s invasion of Ukraine.
This market research report on Germany construction includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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By Type
- Residential Construction
- Commercial Construction
- Sports Facilities Construction
- Hospitality Facilities Construction
- Retail Facilities Construction
- Office Buildings Construction
- Industrial Construction
- Infrastructure Construction & Heavy Civil Construction
- Institutional Construction
- Healthcare Facilities Construction
- Educational Facilities Construction
- Mixed-use Construction
- Specialized Construction
- Renovation/Remodeling Construction
- Environmental Construction
By End Use
- Private sector
- Public sector
By Contracting Type
- General contracting
- Design-build contracting
- Construction management
By Scale
- Mega project
- Major project
- Medium project
- Small project
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Germany construction market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Type trends
2.4 End-use trends
2.5 Contracting type trends
2.6 Scale trends
Chapter 3 Germany Construction Market Industry Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Merger/Acquisition
3.8.3 Investment
3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Growing urbanization to spur infrastructure demand
3.10.1.2 Adoption of advanced technologies enhances efficiency
3.10.1.3 Rising investments to fuel construction projects
3.10.1.4 Increasing focus on sustainable buildings
3.10.1.5 Rising commercial property development
3.10.2 Industry pitfalls & challenges
3.10.2.1 Emerging safety and labor issues
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Germany Construction Market Estimates & Forecast, By Type (Revenue)
5.1 Key trends, by type
5.2 Residential Construction
5.3 Commercial Construction
5.3.1 Sports Facilities Construction
5.3.2 Hospitality Facilities Construction
5.3.3 Retail Facilities Construction
5.3.4 Office Buildings Construction
5.4 Industrial Construction
5.5 Infrastructure Construction & Heavy Civil Construction
5.6 Institutional Construction
5.6.1 Healthcare Facilities Construction
5.6.2 Educational Facilities Construction
5.7 Mixed-use Construction
5.8 Specialized Construction
5.9 Renovation/Remodeling Construction
5.10 Environmental Construction
Chapter 6 Germany Construction Market Estimates & Forecast, By End Use (Revenue)
6.1 Key trends, by end use
6.2 Private sector
6.3 Public sector
Chapter 7 Germany Construction Market Estimates & Forecast, By Contracting Type (Revenue)
7.1 Key trends, by contracting type
7.2 General contracting
7.3 Design-build contracting
7.4 Construction management
Chapter 8 Germany Construction Market Estimates & Forecast, By Scale (Revenue)
8.1 Key trends, by scale
8.2 Mega project
8.3 Major project
8.4 Medium project
8.5 Small project
Chapter 9 Company Profiles
9.1 Acciona
9.2 ACS
9.3 allkauf Haus
9.4 BASF SE
9.5 CRH Plc
9.6 Eiffage
9.7 GOLDBECK GmbH
9.8 HOCHTIEF AG
9.9 PERI SE
9.10 Ronesans Holding
9.11 SchworerHaus KG
9.12 Skanska Group
9.13 Strabag
9.14 TRAPP Construction International GmbH
9.15 WOLFF
9.16 Müller Holding GmbH & Co. KG
- Acciona
- ACS
- allkauf Haus
- CRH Plc
- GOLDBECK GmbH
- Ronesans Holding
- TRAPP Construction International GmbH
- WOLFF
- Müller Ltd. & Co. KG.
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