In 2023, the hours worked in the construction of residential and non-residential buildings in Germany stood at approximately 478.5 million hours. From 2024 to 2028, the forecasted data suggests a steady increase, with an average Compound Annual Growth Rate (CAGR) of about 1% per year. Year-on-year variations between each projected year show a consistent rise of approximately 1% to 1.2% annually, indicating stable growth in construction activity.
Future trends to watch for:
- Impact of technological advances in increasing construction efficiency.
- Potential labor shortages influencing total hours worked.
- Regulatory changes affecting residential vs. non-residential construction demand.