The construction of roads and railways sector in Germany has shown significant growth from 2013 to 2023, rising from 15.77 billion Euros to 27.66 billion Euros. Notable spikes were observed in 2017 with a 13.77% increase and in 2018 with a 14.07% increase. The growth trend has continued albeit at a slower pace, particularly in recent years, where 2023 saw a year-on-year variation of 4.26%. The compound annual growth rate (CAGR) over the last five years stands at 4.2%.
Future trends to watch for include:
- An anticipated continuous upward trend, with forecasted values reaching 33.14 billion Euros in 2028.
- A modest five-year CAGR of 2.87%, indicating steady but slower growth compared to the past decade.
- Potential influences of economic policies and infrastructure initiatives on production volume and value.