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Construction in Germany - Key Trends and Opportunities to 2023

Published By :

GlobalData

Published Date : Aug 2019

Category :

Construction

No. of Pages : 53 Pages

Construction in Germany - Key Trends and Opportunities to 2023

Summary

Germanys construction industry expanded by 3% in real terms in 2018; this was preceded by an average annual growth of 1.9% during the preceding four years. Growth during the review period (2014-2018) was driven by positive developments in regional economic conditions, as well as public and private sector investment in energy, residential and transport infrastructure.

The industrys output value is expected to continue to expand in real terms over the forecast period (2019-2023), driven by the governments plans to upgrade the countrys transport infrastructure, coupled with efforts to boost the residential construction market. In March 2019, the government announced plans to invest EUR150 billion (US$170 billion) on infrastructure, housing, digital technology and education over the next four years. The government also plans to invest EUR28.1 billion (US$32 billion) to develop transport infrastructure in Berlin by 2035. In addition, the governments aim to expand renewable energy resources is expected to attract investments in energy infrastructure projects, which will in turn fuel growth in the industry.

The industrys output value in real terms is expected to post a compound annual growth rate (CAGR) of 2.59% over the forecast period.

GlobalDatas Construction in Germany - Key Trends and Opportunities to 2023 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.

Key Highlights

- GlobalData expects the residential construction market to account for 48.3% of the industrys total value in 2023, driven by the government efforts to balance housing demand and supply through the construction of housing units. In September 2018, the government announced its plan to construct 100,000 new social flats by 2021, with an expected investment of EUR5 billion (US$5.9 billion).
- Energy and utilities construction markets growth over the forecast-period will be driven by the governments efforts to develop renewable energy infrastructure to phase out all coal power plants by 2038, cut carbon emissions and provide a safe and reliable electricity supply. The government aims to increase the share of renewable energy in terms of the total electricity supply from 38% in 2018 to 65% in 2030. In February 2019, Amprion GmbH and Open Grid Europe GmbH, the countrys power and gas grid companies, announced plan to construct the countrys first large power-to-gas plant at Lingen in Germany's windy north-west region. The 100MW hydrogen plant project is scheduled to be completed in 2023.
- GlobalData expects the infrastructure construction market to be the industrys fastest-growing market over the forecast-period to record a forecast-period CAGR of 8.26% in nominal terms, driven by public and private sector investments in the development and modernization of the countrys transport infrastructure. The government allocated EUR269.6 billion (US$298.1 billion) under the Federal Transport Infrastructure Plan (FTIP) 2030 to develop the countrys road, rail and waterway infrastructure projects until 2030. Of the total, 49.4% of the funds will be invested in road, 41.3% in rail, and 9.3% in waterway infrastructure projects.
- The governments focus on the development of the countrys power grid infrastructure is expected to support growth in the German construction industry over the forecast period. The four German power transmission system operators (TSOs) plan to invest EUR34-36 billion (US$38-41 billion) to develop the countrys power grids by 2035. Accordingly, the plan seeks to construct 3,800km of new lines, comprising 2,600km of high voltage direct current (HVDC) lines and 1,200km of AC lines, and also strengthen between 7,600km and 8,500km of existing cables by 2035.
- The total construction project pipeline in Germany - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at EUR261.5 billion (US$308.3 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 70.1% of the pipeline value being in projects in the pre-execution and execution stages as of August 2019.

Scope

This report provides a comprehensive analysis of the construction industry in Germany. It provides -
- Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in German, 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 GlobalData's 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 strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary
2 Construction Outlook: At-a-glance
3 Latest News and Indicators
4 Key Drivers and Risks
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5 Construction Outlook
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6 Key Industry Participants
6.1. Contractors
6.2. Consultants
7 Appendix
7.1. What is this Report About?
7.2. Definitions
8 About GlobalData
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us

List of Tables
Table 1: Construction Outlook
Table 2: Germany, Key Economic Indicators
Table 3: Germany, Construction Output Value (nominal, EUR Million)
Table 4: Germany, Construction Output Value (nominal, US$ Million)
Table 5: Germany, Top Commercial Construction Projects by Value
Table 6: Germany, Top Industrial Construction Projects by Value
Table 7: Germany, Top Infrastructure Construction Projects by Value
Table 8: Germany, Top Energy and Utilities Construction Projects by Value
Table 9: Germany, Top Institutional Construction Projects by Value
Table 10: Germany, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Germany, Key Contractors
Table 12: Germany, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Germany, Construction Projects Pipeline by Sector (EUR Billion)
Figure 3: Germany, Gross Fixed Capital Formation in the Construction Industry (EUR Million)
Figure 4: Germany, Total Construction Building Permits Issued (Number)
Figure 5: Germany, Risk Profile
Figure 6: Germany, Risk Comparison
Figure 7: Germany, Construction Output Value (Real, US$ billion, 2017 Prices and Exchange Rate)
Figure 8: Germany, Construction Output Value, Growth Matrix
Figure 9: Germany, Construction Output Value, by Sector (EUR Million), 2014-2023
Figure 10: Germany, Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 11: Germany, Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 12: Germany, Commercial Construction Output by Project Type (EUR Million), 2014-2023
Figure 13: Germany, Commercial Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 14: Germany, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 15: Germany, Industrial Construction Output by Project Type (EUR Million), 2014-2023
Figure 16: Germany, Industrial Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 17: Germany, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 18: Germany, Infrastructure Construction Output by Project Type (EUR Million), 2014-2023
Figure 19: Germany, Infrastructure Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 20: Germany, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 21: Germany, Energy and Utilities Construction Output by Project Type (EUR Million), 2014-2023
Figure 22: Germany, Energy and Utilities Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 23: Germany, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 24: Germany, Institutional Construction Output by Project Type (EUR Million), 2014-2023
Figure 25: Germany, Institutional Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 26: Germany, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 27: Germany, Residential Construction Output by Project Type (EUR Million), 2014-2023
Figure 28: Germany, Residential Construction Projects Pipeline, Value by Stage (EUR Million)
Figure 29: Germany, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
Figure 30: Germany, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Germany, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Germany, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Germany, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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