Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Germany Construction Market Size

The Germany construction market reached approximately USD 193.39 billion in 2023. The market is projected to grow at a CAGR of 5.8% between 2024 and 2032, to reach a value of around USD 321.44 billion by 2032.

 

Germany Construction Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 193.4
Market Size 2032 USD Billion 321.44
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 5.8%
CAGR 2024-2032 - Market by Region Bavaria 6.1%
CAGR 2024-2032 - Market by Region North Rhine-Westphalia 5.5%
CAGR 2024-2032 - Market by Type New Construction 6.4%
CAGR 2024-2032 - Market by End Use Residential 6.4%
Market Share by Region Baden-Württemberg XX%

 

Germany Construction Market Outlook

  • In the month of May 2024, the construction of 17,800 dwellings was approved in Germany. These include building permits for construction of apartments in new areas as well as for new apartments in existing buildings.
  • Howden Broking Group’s DUAL, expands construction market reach through a partnership in Germany in July 2024
  • Berlin is estimated to make 18 billion euros available until 2027 for affordable housing out of the 45-billion-euro relief package announced by the German government in September 2023.

 

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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Outline the Scope

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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