The specialized construction activities sector in Germany has shown considerable growth over the past decade. Starting from 131.83 billion Euros in 2013, the turnover has consistently increased, reaching a value of 253.22 billion Euros in 2023. Year-on-year variations indicate a robust growth pattern, particularly notable in the years 2014 (15.89%) and 2019 (10.93%). Over the last five years, the sector has maintained a strong CAGR of 6.48%, reflecting steady expansion.
Future projections suggest the turnover will continue to rise, hitting 311.22 billion Euros in 2028. However, the forecasted CAGR for the next five years indicates a slower growth rate of 3.26%, leading to an overall growth of 17.42% from 2024 to 2028.
Looking ahead, trends to watch for include:
- Technological advancements in construction methods and materials.
- Increased emphasis on sustainable and green building practices.
- Potential regulatory changes impacting the sector.
- Economic factors and their influence on construction investments.
- Global supply chain disruptions and their ripple effects.