Germany Construction Industry Report, Q3 2024 - Investments in Transport Infrastructure and Renewable Energy Projects Spur Growth to 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Germany Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q3 2024)" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Germany was expected to shrink in real terms by 5.8% in 2024, owing to the sluggish residential construction sector, coupled with labor shortages, rising insolvency, high interest rates, elevated construction material costs, and falling building permits.

According to Destatis, the total number of building permits issued in the country declined by 15.6% YoY in the first half of 2024; by segments, permits issued for residential and non-residential buildings declined by 19.2% and 3.7% respectively, during the same period.

Moreover, the total construction turnover value (companies with 20 and more persons employed) fell by 1% YoY in the first half of 2024. In another setback to the industry, the total number of companies that applied for insolvency proceedings rose by 24.9% YoY in the first six months of 2024, following an overall annual growth of 22.1% in 2023.

The analyst expects the German construction industry to register an average annual rate of 2.4% between 2025 to 2028, supported by investments in transport infrastructure, and renewable energy projects. The government plans to install 70GW of offshore wind power by 2045. In line with this, in July 2024, the government awarded multiple offshore wind projects, with a combined value of EUR12.6 billion ($13.4 billion), to the British energy company BP and French oil company TotalEnergies to develop wind projects in the North and Baltic Sea.

In addition to supporting the offshore wind initiative, the European Investment Bank (EIB) has announced a commitment of EUR5 billion ($5.3 billion) in August 2024, for local wind energy components manufacturers in Germany.

Scope

• 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 our 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 business strategies using the analyst'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/yufemj

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