The number of persons employed in the construction of residential and non-residential buildings in Germany is forecasted to increase steadily from 2024 to 2028. Starting at 334.49 thousand employees in 2024, the sector is expected to witness a year-on-year growth rate of around 1.18% until it reaches approximately 350 thousand employees in 2028. This marks a continuous and moderate increase, indicating a positive trend in the construction labor market.
Future trends to watch for:
- Potential impact of government policies and incentives on construction demands.
- Technological advancements and their influence on labor requirements.
- Economic conditions affecting investment levels in residential and non-residential construction.
- Changes in demographic dynamics potentially affecting housing demands.
