From 2013 to 2023, the turnover of Building Completion and Finishing in Germany experienced a consistent upward trend, moving from 33.77 billion Euros in 2013 to 65.38 billion Euros in 2023. Year-on-year variations showed notable fluctuations, peaking at an 18.3% increase in 2014 and seeing a significant 13.52% rise in 2019. The last two years reported growth rates of 5.06% in 2022 and 4.77% in 2023. The average annual growth rate (CAGR) over the past five years stands at 5.88%. Forecast data from 2024 to 2028 anticipates a continued increase, though at a slower CAGR of 3.16%, suggesting a maturing market with a total growth rate of 16.83% over five years.
Future trends to watch for include the impact of technological innovations such as automation and advanced materials on construction efficiency, evolving regulations around energy efficiency and sustainability, and the influence of demographic shifts on housing demand. The market may also face challenges from economic fluctuations and supply chain constraints.
