DUBLIN – (COMMERCIAL THREAD)–The “Germany Construction Industry Data Book Series – Market Size and Forecast (2016 – 2025) by Value and Volume (Area and Units) in Over 40 Market Segments in Residential, Commercial, Industrial Construction , institutional and infrastructure – Update of the first quarter of 2021 “ the report was added to ResearchAndMarkets.com offer.
The German economy has been severely affected due to the coronavirus outbreak and the subsequent imposition of containment measures in the country. While several sectors in Germany have been forced to shut down due to the foreclosure measures, the construction industry has not been. The German government has announced that residential construction, infrastructure and utilities are exempt from foreclosure measures. Even during the crisis, companies were allowed to carry out construction activities in the country.
The construction sector recorded a decline in activity for the first time in more than a decade. Indeed, several construction companies in the German economy are reducing their construction activities, due to the coronavirus pandemic. In 2021, demand is expected to remain sluggish.
Demand for the residential construction sector is still strong in the German market. The coronavirus crisis has had an astonishing effect on the real estate market in Germany. Because mortgage interest rates are at an all-time low, demand for residential properties is stronger than ever.
In September 2020, the construction of around 30,000 housing units was authorized in the country. This represents an increase of 0.9% from September 2019. Whereas, from January to September 2020, there was a 4.2% increase in the number of permits during the same period in 2019. All of this represents the growing demand for housing. in the countryside.
The commercial construction sector is expected to be hit the hardest in Germany, especially retail, office and entertainment are expected to experience negative growth in 2020. With the coronavirus-induced lockdown and work-from-home measures to contain the spread of the virus, commercial construction activities were hit hard in Germany. With a massive drop in sales and profits, the demand for construction work is expected to decline in 2020.
In addition, the largest losses are expected in the commercial construction sector, with a drop of up to 6-8% in real terms in 2020.
In its quest to make the entire network greener, efficient and reliable, the German government is doubling its annual investment in rail infrastructure. This will support the growth of the infrastructure construction sector in Germany. In addition, the world’s longest submerged rail and road tunnel between Germany and Denmark has also been given the green light. The construction of the Fehmarn belt is worth 7.8 billion dollars. With construction due to start in mid-2022, forecasts for infrastructure construction remain positive.
In northern Germany, ten new projects for the construction of logistics and industrial premises have been launched. These infrastructure construction projects are expected to support the construction industry in the future.
According to this fourth quarter 2020 global construction survey, the construction sector in Germany is expected to grow by 14.9% to reach US $ 497,861.1 million in 2021. Despite short-term challenges in some construction sectors , medium and long-term growth in Germany remains intact. The construction industry in Germany is expected to grow steadily over the next four quarters. Growth momentum is expected to continue over the forecast period, registering a CAGR of 4.0% during 2021-2025. Construction output in the country is expected to reach US $ 581,500.7 million by 2025.
This report provides data and trend analysis on the construction industry in Germany, with over 100 KPIs. It is a data-centric report and it provides trend analysis with over 140 charts and over 110 tables. It details market size and forecast, emerging trends, market opportunities and investment risks in more than 40 segments of residential, commercial, industrial, institutional and infrastructure construction.
For more information on this report, visit https://www.researchandmarkets.com/r/91fqia
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