Forecast: Turnover in Specialized Construction Activities Sector in Germany

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.

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