The production value of construction for residential and non-residential buildings in Germany witnessed consistent growth from 2024 to 2028. Starting at 76.17 billion Euros in 2024, it is projected to increase year-on-year, reaching 84.39 billion Euros by 2028. Compared to 2023, this marks an upward trend driven by economic expansion and urbanization. Key year-on-year growth percentages include 2.74% from 2024 to 2025, 2.63% from 2025 to 2026, 2.55% from 2026 to 2027, and 2.45% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) underscores steady growth in the sector.
Future trends to watch for:
- Sustainability and green building practices influencing design and material choices.
- Increasing urbanization driving the demand for high-density residential complexes.
- Technological advancements like smart buildings impacting construction methods.
- Potential economic fluctuations affecting investment in non-residential projects.