Market Research Report
Construction in Germany - Key Trends and Opportunities to 2025
|Published by||GlobalData||Product code||961673|
|Published||Content info||46 Pages
Delivery time: 1-2 business days
|Construction in Germany - Key Trends and Opportunities to 2025|
|Published: February 2, 2021||Content info: 46 Pages||
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 2.6% year on year (YoY) in Q3 2020, it was preceded by a Y-o-Y growth of 2.7% in Q2 and 7% in Q1 2020; this helped the industry to register a cumulative growth of 2% YoY during the first nine months of 2020.
Construction activities held up relatively well in the first three quarters of 2020, as the construction sector was exempted from lockdown restrictions imposed in 2020. Although the residential sector registered growth during this period, the commercial sector witnessed lower levels of activity. In 2021, the construction industry's output growth is expected to pick up, 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 2.8% this year and grow at a rate of 2.3% 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.
This report provides detailed market analysis, information, and insights into the German construction industry, including -
This report provides a comprehensive analysis of the construction industry in Germany. It provides -