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Germany Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Germany Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

  • Publish Date:December 2022

  • Number of Pages:56

  • Report ID:6278096

  • Format:PDF

  • Publisher:GlobalData

$ 1495

Summary

Germany Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Summary
The construction industry in Germany is in a dire state, with output now expected to shrink by 3.2% in real terms in 2022 (down from previous estimate of a 1.6% fall). This industry has been severely impacted by economic headwinds caused by the ongoing energy crisis, high construction materials costs, rising inflation, and labor shortages. The industry is expected to further shrink by 3.5% next year; the fall in the number of building permits issued, and the increase in project cancellations in the residential sector amid rising interest rates and higher cost of borrowing, point to a period of continued weakness. According to the Destatis, the total number of building permits issued fell by 10.7% year-on-year (YoY) in the first nine months of 2022, with a fall in both residential and non-residential building permits. There has also been a decline in new construction orders in civil engineering in recent quarters.

Assuming that there is an improvement on the energy supply front and the economy improves, construction output is expected to pick up from 2024, supported by investments in the transport, renewable energy, housing, and manufacturing sectors.In July 2022, the government approved the country’s renewable energy expansion plan, under which it aims to increase the share of renewable energy in its total electricity mix to at least 80% by 2030.

In October 2022, the government announced a plan to cut carbon emissions by 65% (compared to the 1990 levels) by 2030 and become carbon neutral by 2045. This commitment was made as part of the EUR2.5 billion ($2.6 billion) “Territorial Just Transition” programmes of the European Union (EU), to help four German regions transition to climate neutrality

The report provides detailed market analysis, information and insights into the German construction industry, including -
- The German construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the German construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope
This report provides a comprehensive analysis of the construction industry in Germany.

It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Germany, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy
- Identify and evaluate market opportunities using standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Table of contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile

4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
Contact Us

List of Tables
Table 1: Construction Industry Key Data
Table 2: Germany, Key Economic Indicators
Table 3: Germany, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: Germany, Top Commercial Construction Projects by Value
Table 5: Germany, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Germany, Top Industrial Construction Projects by Value
Table 7: Germany, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Germany, Top Infrastructure Construction Projects by Value
Table 9: Germany, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Germany, Top Energy and Utilities Construction Projects by Value
Table 11: Germany, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Germany, Top Institutional Construction Projects by Value
Table 13: Germany, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: Germany, Top Residential Construction Projects by Value
Table 15: Germany, Key Contractors
Table 16: Germany, Key Consultants
Table 17: Germany, Construction Output Value (Real, $ Million)
Table 18: Germany, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020-26
Figure 2: Germany, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: Germany, COVID-19 Confirmed Cases
Figure 4: Germany, Risk Summary
Figure 5: Germany, Risk Regional Comparison
Figure 6: Germany, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Germany, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: Germany, Construction Value Add, 2015 Chained Linked Volume Measures (EUR Million)
Figure 9: Germany, Gross Fixed Capital Formation, Current Prices (% Change YoY)
Figure 10: Germany, New Orders Volume Index for Building Construction and Civil Engineering Works (2015=100)
Figure 11: Germany, Total Number of Building Permits Approved
Figure 12: Germany, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Germany, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 15: Germany, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Germany, Wholesale and Retail Trade, Transport, Accommodation, and Food Service Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 17: Germany, Commercial Building Construction Orders Value Index (2015=100)
Figure 18: Germany, Number of Permits Approved for Office and Administrative Buildings
Figure 19: Germany, Tourist Arrivals and Overnight Stays (Total Number in Thousand)
Figure 20: Germany, Turnover Index of Accommodation Service Activities in Constant Terms, 2015=100
Figure 21: Germany, Retail Sales Index in Constant Terms, 2015=100
Figure 22: Germany, Wholesale Turnover Index in Constant Terms, 2015=100
Figure 23: Germany, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 24: Germany, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Germany, Manufacturing Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 26: Germany, Incoming Orders in Manufacturing Sector (Volume index), Unadjusted Data, 2015=100
Figure 27: Germany, Manufacturing Production and Turnover Indices, 2015=100
Figure 28: Germany, Total Exports (EUR Billion)
Figure 29: Germany, Number of New Passenger Car Registrations, in Thousands
Figure 30: Germany, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 31: Germany, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Germany, New Orders Value and Volume Indices for Road Construction (2015=100)
Figure 33: Germany, Road and Rail Construction Turnover (Companies With 20 and More Persons Employed), In EUR Million
Figure 34: Germany, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 35: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Germany, Information and Communication Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 37: Germany, Civil Engineering and Sewage Treatment Turnover (Companies With 20 and More Persons Employed), EUR Million
Figure 38: Germany, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 39: Germany, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Germany, Public Administration, Defense, Education, Human Health, and Social Work Activities Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 41: Germany, Total Number of Institutional Building Permits Issued
Figure 42: Germany, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 43: Germany, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 44: Germany, Real Estate Value Add, 2015 Chained Linked Volume Measures (EUR Billion)
Figure 45: Germany, Total Fixed Capital Formation in Dwellings, Current Prices (EUR billion)
Figure 46: Germany, New Orders Value and Volume Indices for Housing Construction (2015=100)
Figure 47: Germany, Total Number of Residential Building Permits Approved
Figure 48: Germany, House Price Index (HPI) for Residential Real Estate, 2015=100
Figure 49: Germany, Construction Cost Index for Residential Buildings, 2015=100, % Change YoY
Figure 50: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 51: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.