The production value of buildings construction in Germany experienced a generally upward trend from 2013 to 2023, reaching €115.83 billion in 2023. Notable increases include a significant jump between 2017 and 2018 and steady growth thereafter. The year-on-year variation shows some fluctuations, with a peak in 2018 of 26.55%. The 5-year CAGR leading up to 2023 stood at 7.1%, indicating robust overall growth. For the forecasted period from 2024 to 2028, the expected average annual growth rate drops to a more modest 3.71%, predicting a cumulative growth of 19.96% by 2028.
Looking ahead, future trends to watch for include the impact of evolving regulatory landscapes on construction practices, advances in sustainable building materials and technologies, and potential shifts in market dynamics driven by economic factors and urbanization trends.
