Dublin, May 23, 2024 (GLOBE NEWSWIRE) -- The "Germany Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Germany's construction industry to contract by 5.8% in real terms in 2024, amid increasing interest rates, and falling building permits coupled with a surge in construction costs, which forced major developers into insolvency.
In December 2023, Signa Holding an Austrian real estate company, who was undertaking the construction of a EUR814 million ($833.5 million) skyscraper, scheduled to be completed by 2026, declared its insolvency leading to a halt in the project. According to the Federal Statistical Office (Destatis), the total number of building permits issued in the country declined by 24.3% year on year (YoY) in the first eleven months of 2023. By segments, permits issued for residential and non-residential buildings declined by 28.7% YoY and 5.9% YoY, respectively during the same period.
The German construction industry is expected to rebound from 2025, registering an average annual growth rate of 2.5% from 2025 to 2028, supported by investments in the development of the transport, renewable energy, and manufacturing sectors. Such as, the government planned the installation of 70GW of offshore wind power by 2045, and 30GW of offshore wind turbines installed in the North and Baltic Seas by 2030.
In line with this, Italy based cable manufacturing company, Prysmian signed three contracts with the German government in February 2024. Growth over the forecast period will be also supported by the government's aim of having 15 million electric cars on roads by 2030, supported by public and private investments in the country's auto manufacturing sector.
Scope
- This report provides a comprehensive analysis of the construction industry in Germany. It provides -
- Historical (2019-2023) and forecast (2024-2028) 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 the publisher'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 the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
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 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
For more information about this report visit https://www.researchandmarkets.com/r/4zdj0y
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