Market Size of Germany Prefab Wood Buildings Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Prefab Wood Buildings Market Analysis
The Germany Prefab Wood Buildings Market is expected to register a CAGR of more than 4% during the forecast period (2023-2028).
- COVID-19 has slightly impacted the prefabricated housing market in Germany. Due to COVID-19 restrictions, many construction projects were delayed or canceled. In addition, the pandemic has boosted offsite construction in the country, which offered improved safety, reduced risk, and greater certainty of completion on time and within budget.
- Germany witnessing a rise in timber construction, and out of five buildings constructed in the country, one is made of wood prefab modules. In addition, Berlin is becoming a hotspot for the wood prefab industry's growth. In September 2021, the German government planned to erect a seven-story office building made of wood, and the building is completely made of prefabricated wooden modules. This building is meant to provide offices for nearly 400 members of parliament.
- Moreover, timber structures are widely adopted in the country. For instance, in November 2022, EDGE Suedkreuz Berlin proposed a new concept of a sustainable future for building systems with timber. This project is a seven-story office complex consisting of two structures spread across more than 32,000 square meters.
- In addition, this project is one of the largest freestanding hybrid-timber projects in Europe. Also, in 2022, the German Sustainable Building Council (DGNB) designated the project as Germany's most sustainable building. Thus, the growing concerns about sustainability and increasing conventional construction costs will drive the timber prefabricated structures in the country.
