Key Trends and Opportunities in the German Construction Market to 2025 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Construction in Germany – Key Trends and Opportunities to 2025 (Q3 2021)” report has been added to ResearchAndMarkets.com’s offering.
The German construction industry remained resilient in 2020, despite the COVID-19 outbreak which weakened other sectors of the economy, expanding by 3.8% in real terms – up from growth of 0.1% in 2019. However, the industry contracted by 2.1% in H1 2021, as a result of a third wave of infections in the country which saw lockdown measures re-imposed in the first quarter of the year.
Despite the contraction in the first half of 2021, the construction industry is forecast to recover in the remaining part of the year, and grow by just 0.2% in 2021. Over the remainder of the forecast period, the industry is expected to expand at an annual average rate of 1.9% between 2022 and 2025. The industry will be supported by the government’s focus on the development of green infrastructure as part of its climate change strategy. Improvements in consumer confidence and positive developments in regional economic conditions will also provide momentum. The government has supported the construction sector through its fiscal policy response to the Coronavirus (COVID-19) outbreak, announcing an additional EUR3.1 billion (US$3.5 billion) each year between 2021 and 2024 on public investment in infrastructure, including roads and railways and the construction of affordable housing.
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.
In June 2021, the German cabinet approved the 2022 draft budget, under which the government plans to take new debt of EUR100 billion (US$119 billion) to finance more COVID-19 measures. Following this, the total investment on the pandemic during 2020-2021 reached EUR470 billion (US$535.6 billion). The downside to this, however, is that the government’s budget for public investments will decrease significantly by 12.6%, falling from EUR59.3 billion (US$67.6 billion) in 2021 to EUR51.8 billion (US$59 billion) in 2022.
This report provides detailed market analysis, information and insights into the German construction industry, including:
- The German construction industry’s growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the German construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Germany. It provides:
- Historical (2016-2020) and forecast (2021-2025) 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
For more information about this report visit https://www.researchandmarkets.com/r/8tkbrb
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