Construction Market in Germany worth $130.65 billion between 2022- 2027

NEW YORK, July 25, 2023 /PRNewswire/ -- The Germany construction market to grow by USD 130.65 billion between 2022 and 2027 and register an accelerating CAGR of  6.05%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read our Sample Report

The report also covers the following areas:

• Construction Market size
• Construction Market trends
• Construction Market industry analysis

Construction Market in Germany 2023-2027: Segmentation

• Type 
• Buildings Construction
• Heavy And Civil Engineering Construction
• Land Planning And Development
• Specialty Trade Contractors
• End-user 
• Residential
• Commercial
• Public

The market share growth by the buildings construction segment will be significant during the forecast period. There has been an increasing building construction over the past few years due to the rising increasing demand for housing and infrastructure in the country. There is high competition in the German construction market for orders among several domestic and foreign construction companies. Furthermore, there are stringent regulations and building codes to ensure good building standards and safety. Hence, such factors are expected to drive the construction market in Germany during the forecast period.

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Construction Market in Germany 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. allkaufhaus GmbH, ARGON Hausbau GmbH and Co. KG, BASF SE, BAUER AG, Bilfinger SE, Building Radar GmbH, CRH Plc, GOLDBECK GmbH, HOCHTIEF AG, Lechner Massivhaus GmbH, LEONHARD WEISS GmbH and Co. KG, Max Bogl Bauservice GmbH and Co. KG, PERI SE, PORR AG, Ronesans Holding, RRI GmbH Rhein Ruhr International, SchworerHaus KG, STRABAG SE, TRAPP Construction International GmbH, and WOLFF and MULLER Holding GmbH and Co. KG are some of the major market participants.

Vendor Offering

• ARGON Hausbau GmbH and Co: The company offers construction services such as family homes and town villas.
• BAUER AG: The company offers construction services such as bored piles and anchors.
• Bilfinger SE: The company offers construction services such as nuclear power plants. 

Construction Market in Germany 2023-2027: Market Dynamics

Key Drivers

The rising demand for housing units drives the construction market in Germany during the forecast period. There has been an increasing demand for residential units in German construction units due to several factors, such as population growth and urbanization, as well as low interest rates. In terms of population, Germany is considered one of the highest concentrations of immigrants in Europe. Thus the rapid increase in population has increased the demand for residential units. Additionally, the increasing migration to cities has significantly contributed to the growth of the market. Furthermore, the low interest rates in Germany have made it easier for people to afford residential units, which has fuelled the demand. Hence, such factors are expected to drive the construction market in Germany during the forecast period.

Major Trends

The increasing demand for modular houses is a primary trend in the construction market in Germany. One of the leading countries in the early adoption of automation and digitization is Germany. One of the rapidly growing technologies in Germany is Building Information Modeling (BIM). Building Information Modeling (BIM) is essentially a 3D modeling tool that offers digital /images of real buildings and their assets. The main advantage of the implementation of the BIM model in the construction industry is that it enhances supplier productivity, quality, and speed of work. For instance, in April 2023, the Federal Department of Transport and Digital Infrastructure introduced the Major Project Construction Reform Commission, which offers deep solutions to enhance cost-effective pricing, increase cost transparency, improve efficiency, and enable on-time completion of major projects. Hence, such factors are expected to drive the construction market in Germany during the forecast period.

Significant Challenges

The increase in the cost of construction is impeding the growth of the construction market in Germany. Some of the key inputs involved in the construction process include raw materials, land, labor, and utilities. There has been an increase in the price of raw materials such as metal, wood, and concrete, which in turn is fuelling the cost of construction. Additionally, the increasing labor costs have also significantly contributed to the high cost of the German construction industry. For instance, German trade unions and employers agreed in November 2022 to increase wages for more than 3.8 million construction workers by 8.0% from a year earlier.  Hence, such an increase in cost is negatively impacting the market, which in turn is expected to hinder the construction market in Germany during the forecast period.

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Construction Market in Germany 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist construction market growth in Germany during the next five years
• Estimation of the construction market size in Germany and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the construction market in Germany
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of construction market vendors in Germany. 

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on Germany: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on Germany: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Construction market in Germany 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on construction market in Germany 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Buildings construction - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Buildings construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Buildings construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Buildings construction - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Buildings construction - Year-over-year growth 2022-2027 (%)

• 6.4 Heavy and civil engineering construction - Market size and forecast 2022-2027
• Exhibit 33: Chart on Heavy and civil engineering construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Heavy and civil engineering construction - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Heavy and civil engineering construction - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Heavy and civil engineering construction - Year-over-year growth 2022-2027 (%)

• 6.5 Land planning and development - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Land planning and development - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Land planning and development - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Land planning and development - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Land planning and development - Year-over-year growth 2022-2027 (%)

• 6.6 Specialty trade contractors - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Specialty trade contractors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Specialty trade contractors - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Specialty trade contractors - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Specialty trade contractors - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 45: Market opportunity by Type ($ billion)
• Exhibit 46: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Residential - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.5 Public - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Public - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Public - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Public - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ billion)
• Exhibit 64: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 66: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 67: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 68: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 69: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 70: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 71: Matrix on vendor position and classification

• 11.3 ARGON Hausbau GmbH and Co. KG 
• Exhibit 72: ARGON Hausbau GmbH and Co. KG - Overview
• Exhibit 73: ARGON Hausbau GmbH and Co. KG - Product / Service
• Exhibit 74: ARGON Hausbau GmbH and Co. KG - Key offerings

• 11.4 BAUER AG
• Exhibit 75: BAUER AG - Overview
• Exhibit 76: BAUER AG - Business segments
• Exhibit 77: BAUER AG - Key offerings
• Exhibit 78: BAUER AG - Segment focus

• 11.5 Bilfinger SE
• Exhibit 79: Bilfinger SE - Overview
• Exhibit 80: Bilfinger SE - Business segments
• Exhibit 81: Bilfinger SE - Key offerings
• Exhibit 82: Bilfinger SE - Segment focus

• 11.6 CRH Plc
• Exhibit 83: CRH Plc - Overview
• Exhibit 84: CRH Plc - Business segments
• Exhibit 85: CRH Plc - Key news
• Exhibit 86: CRH Plc - Key offerings
• Exhibit 87: CRH Plc - Segment focus

• 11.7 GOLDBECK GmbH
• Exhibit 88: GOLDBECK GmbH - Overview
• Exhibit 89: GOLDBECK GmbH - Product / Service
• Exhibit 90: GOLDBECK GmbH - Key offerings

• 11.8 HOCHTIEF AG
• Exhibit 91: HOCHTIEF AG - Overview
• Exhibit 92: HOCHTIEF AG - Business segments
• Exhibit 93: HOCHTIEF AG - Key offerings
• Exhibit 94: HOCHTIEF AG - Segment focus

• 11.9 Lechner Massivhaus GmbH 
• Exhibit 95: Lechner Massivhaus GmbH - Overview
• Exhibit 96: Lechner Massivhaus GmbH - Product / Service
• Exhibit 97: Lechner Massivhaus GmbH - Key offerings

• 11.10 LEONHARD WEISS GmbH and Co. KG 
• Exhibit 98: LEONHARD WEISS GmbH and Co. KG - Overview
• Exhibit 99: LEONHARD WEISS GmbH and Co. KG - Product / Service
• Exhibit 100: LEONHARD WEISS GmbH and Co. KG - Key offerings

• 11.11 Max Bogl Bauservice GmbH and Co. KG 
• Exhibit 101: Max Bogl Bauservice GmbH and Co. KG - Overview
• Exhibit 102: Max Bogl Bauservice GmbH and Co. KG - Product / Service
• Exhibit 103: Max Bogl Bauservice GmbH and Co. KG - Key offerings

• 11.12 PERI SE
• Exhibit 104: PERI SE - Overview
• Exhibit 105: PERI SE - Product / Service
• Exhibit 106: PERI SE - Key offerings

• 11.13 Ronesans Holding
• Exhibit 107: Ronesans Holding - Overview
• Exhibit 108: Ronesans Holding - Product / Service
• Exhibit 109: Ronesans Holding - Key offerings

• 11.14 RRI GmbH Rhein Ruhr International 
• Exhibit 110: RRI GmbH Rhein Ruhr International - Overview
• Exhibit 111: RRI GmbH Rhein Ruhr International - Product / Service
• Exhibit 112: RRI GmbH Rhein Ruhr International - Key offerings

• 11.15 SchworerHaus KG
• Exhibit 113: SchworerHaus KG - Overview
• Exhibit 114: SchworerHaus KG - Product / Service
• Exhibit 115: SchworerHaus KG - Key offerings

• 11.16 STRABAG SE
• Exhibit 116: STRABAG SE - Overview
• Exhibit 117: STRABAG SE - Business segments
• Exhibit 118: STRABAG SE - Key news
• Exhibit 119: STRABAG SE - Key offerings
• Exhibit 120: STRABAG SE - Segment focus

• 11.17 WOLFF and MULLER Holding GmbH and Co. KG 
• Exhibit 121: WOLFF and MULLER Holding GmbH and Co. KG - Overview
• Exhibit 122: WOLFF and MULLER Holding GmbH and Co. KG - Product / Service
• Exhibit 123: WOLFF and MULLER Holding GmbH and Co. KG - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 12.5 List of abbreviations 
• Exhibit 130: List of abbreviations

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