From 2013 to 2023, the production value of building completion and finishing in Germany has exhibited a steady upward trend, peaking at €62.28 billion in 2023. The period saw notable percentage increases each year, with an annual growth rate (CAGR) averaging 4.8% over the last five years. Particularly, the years 2019 and 2020 were marked by a slight decline but quickly rebounded in the subsequent years. The forecast for 2024 and beyond suggests continued growth, albeit at a slightly more moderate CAGR of 2.55%, projecting the value reaching €73.13 billion by 2028.
Future trends to watch for include:
- Sustainability initiatives in the construction sector
- Advancements in building technology
- Government policies impacting the real estate and construction markets
- Economic factors like inflation and interest rates
