Construction in Germany – Key Trends and Opportunities to 2025 (Q2 2021)

The German construction industry fared relatively well compared to its peers in Western Europe. Although the industry’s value-add in real terms contracted by 1.8% year on year (YoY) in Q3 2020, industry output grew strongly in the last quarter of the year, increasing by 5.2%, and this helped the industry register cumulative growth of 2.8% in 2020.

Construction activities held up relatively well in 2020, as the sector was exempted from lockdown restrictions. Although the residential sector registered growth during this period, the commercial sector witnessed lower levels of activity. The government also supported the construction sector through its fiscal policy response to the Coronavirus (COVID-19) outbreak, announcing an additional EUR3.1 billion (US$3.5 billion) each year between 2021 and 2024 on public investment in infrastructure, including roads, railways, and the construction of affordable housing.

The construction industry’s output growth is expected to pick up in 2021, driven by the government’s focus on the development of the country’s transport and energy infrastructure. GlobalData expects the German construction industry to grow by 2.7% this year and grow at a rate of 1.9% between 2022 and 2025. Growth in the industry will be supported by the government’s focus on improving regional connectivity through the development of the country’s rail and road transport infrastructure, coupled with efforts to boost energy production. The construction of the Fehmarn belt underwater tunnel between Germany and Denmark, which is worth EUR7 billion (US$7.8 billion), will underpin activity in the transport infrastructure sector over the medium term. Growth will also be supported by the 10-year plan to invest EUR86 billion (US$94.7 billion) on the maintenance and modernization of the country’s rail network between 2020 and 2030.

GlobalData’s "Construction in Germany – Key Trends and Opportunities to 2025 (Q2 2021)" 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 (2016-2020) and forecast (2021-2025) 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 GlobalData's 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 GlobalData's critical and actionable insight.

– Assess business risks, including cost, regulatory and competitive pressures.

– Evaluate competitive risk and success factors.

Table of Contents

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

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), 2016-2025

Table 4: Germany, Top Commercial Construction Projects by Value

Table 5: Germany, Industrial Construction Output by Project Type (real % change), 2016-2025

Table 6: Germany, Top Industrial Construction Projects by Value

Table 7: Germany, Infrastructure Construction Output by Project Type (real % change), 2016-2025

Table 8: Germany, Top Infrastructure Construction Projects by Value

Table 9: Germany, Energy and Utilities Construction Output by Project Type (real % change), 2016-2025

Table 10: Germany, Top Energy and Utilities Construction Projects by Value

Table 11: Germany, Institutional Construction Output by Project Type (real % change), 2016-2025

Table 12: Germany, Top Institutional Construction Projects by Value

Table 13: Germany, Residential Construction Output by Project Type (real % change), 2016-2025

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, US$ 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

List of Figures

Figure 1: Western Europe, Construction Output (real % change), 2020 and 2021

Figure 2: Germany, Construction Projects Pipeline by Sector (US$ Billion)

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, US$ billion, 2017 prices and exchange rate), 2016-2025

Figure 7: Germany, Construction Output Value, by Sector (Real, US$ Million), 2016-2025

Figure 8: Germany, Construction Value-Add, 2015 Chained Linked Volume Measures (EUR Billion)

Figure 9: Germany, Total Fixed Capital Formation, 2015 current prices (EUR billion)

Figure 10: Germany, New Orders Value Index for Building Construction and Civil Engineering Works, % Change, YoY

Figure 11: Germany, Total Number of Building Permits Approved, % Change, YoY

Figure 12: Germany, Construction Projects Momentum Index

Figure 13: Germany, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 14: Germany, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 15: Germany, Commercial Construction Orders Value Index (2015=100)

Figure 16: Germany, Tourist Arrivals and Overnight Stays, % Change YoY

Figure 17: Germany, Turnover Index of Accommodation and Food Service Activities in Constant Terms, 2015=100, % Change, YoY

Figure 18: Germany, Retail Sales Index in Constant Terms, 2015=100, % Change, YoY

Figure 19: Germany, Wholesale Turnover Index in Constant Terms, 2015=100, % Change, YoY

Figure 20: Germany, Number of Permits Approved for Office and Administrative Buildings, % Change, YoY

Figure 21: Germany, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 22: Germany, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 23: Germany, Manufacturing Value-add, 2015 chained linked volume measures, in EUR Billion

Figure 24: Germany, Manufacturing Production and Turnover Indices, 2015=100, % Change, YoY

Figure 25: Germany, Total Exports, % Change, YoY

Figure 26: Germany, Number of New Passenger Car Registrations, in Thousands, % Change, YoY

Figure 27: Germany, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 28: Germany, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 29: Germany, New Orders Value and Volume Indices for Road Construction, 2015=100

Figure 30: Germany, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 31: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 32: Germany, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 33: Germany, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 34: Germany, Total Number of Institutional Building Permits

Figure 35: Germany, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 36: Germany, Residential Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 37: Germany, Real estate Value-add, 2015 chained linked volume measures, in EUR Billion

Figure 38: Germany, Total Number of Residential Building Permits Issued

Figure 39: Germany, New Orders Value and Volume Indices for Housing Construction, 2015=100, % Change, YoY

Figure 40: Germany, House Price Index for Residential Real Estate, 2015=100, % Change, YoY

Figure 41: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 42: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)

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