Germany Commercial Construction Market Size

Germany Commercial Construction Market Analysis

The Germany Commercial Construction Market size is estimated at USD 109.49 billion in 2024, and is expected to reach USD 113.87 billion by 2029, growing at a CAGR of 4.28% during the forecast period (2024-2029).

• Germany is one of Europe’s leading construction markets and home to the largest stock of buildings, whether residential skyscrapers, industrial built environments, or commercial construction. Many direct and indirect drivers are responsible for the boom in the construction industry and investment portfolio, which, keeping in mind the short-term disruption caused by the pandemic, COVID-19, are going to continue delivering progress for the sector in the foreseeable future.
• Some of these are the population growth, demographic changes, and a favourable economic development. Some of the niches like prefabricated buildings, green building technologies, green construction related building materials and components, are thriving in the industry trying to meet the 2030 Sustainable Development Goals, primarily the climate protection targets.
• Volume of Commercial construction has been growing steadily, as per Germany trade and Invest, GTAI, leading to an appreciable USD 137.48 billion in 2019 from a relatively nominal figure of USD 95.68 billion in 2010, keeping in mind the developed economy and a load more amount of initiatives required form the Government in order to boost the revenue from any sector. It is further forecasted to reach a figure of around USD150 billion by the end of 2021. A key reason for the forecast is the increasing intention of the industry to increase the efficiency by including innovative technologies like BIM into place, which would help in attaining the targets with relatively more certainty.