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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Germany Construction Market Growth
The key drivers of the construction demand growth in Germany include the increased residential construction due to favourable financing and the continuously high demand for housing, supported by the government. The residential sector demands a significant portion of energy use in Germany and the country has a special focus on becoming energy efficient as it aims to become carbon neutral by 2045. Thus, the country is looking at alternate materials like the incorporation of wood such as timber, which has helped in reducing the use of fossil fuels in construction. 19.6% of the total timber was used for the construction of non-residential buildings. The remaining was directed towards building residential buildings.
Some of the other Germany construction market dynamics and trends are the country’s persistently growing HVAC (heating, cooling, air conditioning) industry, increasing population as well as the high immigration rates. According to ETIAS reports, Germany’s net immigration was between an estimated 680,000 to 710,000 in the year 2023. A significant segment of the construction market is working towards the modernization and renovation of existing buildings to create extra living space and to make them more energy efficient. The construction of these follows the latest set of Energy Performance of Building Directive (EPBD) that provide clarity about which parts of the building segment will need to be upgraded. This is further aiding the growth of the market.
Germany Construction Market Report Snapshots
Germany Construction Market Size
Germany Construction Market Growth
Germany Construction Market Share
Germany Construction Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The construction market in Germany reached approximately USD 193.39 billion in 2023.
The market will presumably grow at a CAGR of 5.8% between 2024 and 2032.
The market is projected to reach a value of around USD 321.44 billion by 2032.
The major drivers of the market are increased residential construction and the surge in demand for housing, along with a strong HVAC sector.
The key trends propelling the market expansion include technological advancements, the development of green energy infrastructure, and the adoption of sustainable construction practices that can reduce emissions.
The two main segmentations in the market, based on type, are new construction and renovations.
The several end uses include constructing commercial, residential, industrial, and institutional sector.
The major players in the market are HOCHTIEF Aktiengesellschaft, STRABAG SE, GOLDBECK GmbH, Zech Group SE, VINCI Group, LEONHARD WEISS GmbH & Co. KG, Max Bögl Bauservice GmbH & Co KG, PORR AG, and Implenia AG.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124