The production value of building project developments in Germany exhibited notable fluctuations over the past decade. From 2013 to 2017, the values showed a mix of growth and minor declines, peaking and dipping intermittently. From 2018 onwards, there was a more pronounced upward trend, hitting a significant peak in 2020. Despite a slight dip in 2021, growth resumed, culminating in a value of 30.86 billion Euros in 2023. The average annual growth rate, or CAGR, from 2018 to 2023 was approximately 7.76%.
Looking ahead to forecasted years, the growth of production value is expected to continue, albeit at a slower pace with a forecasted 5-year CAGR of 2.43%. By 2028, the production value is anticipated to reach just under 36 billion Euros, implying a cumulative growth rate of 12.73% over the next five years.
Future trends to watch for:
• Increased sustainability and green building practices.
• Advances in construction technology and digitization.
• Economic and policy changes impacting the real estate and construction sectors.
• Potential supply chain disruptions and their effects on project timelines and costs.
