The Future of Construction in Germany to 2015: Economic Recovery and Pent Up Demand to Drive Growth05 Sep 2011 • by Natalie Aster
Compared to the drastic impact felt elsewhere in the EU, the German construction industry managed to weather the economic recession and despite a decline in the overall construction industry in 2009, the value of construction services (i.e. the value-added through the use and management of the construction labor force) increased in 2009 and 2010. Although the German institutional construction market recorded a decline of 2.0% in 2009 and the industrial construction market recorded an annual decline of 1.5%, these were the country’s two smallest construction markets and growth was recorded in the remaining three markets, with residential construction recording the highest growth of 1.0%. A major reason behind the positive growth in the majority of markets was the EUR17.3 billion infrastructure stimulus, part of the EUR50 billion stimulus package announced by the German Government in January 2009.
The report “The Future of Construction in Germany to 2015: Economic Recovery and Pent Up Demand to Drive Growth” is the result of ICD’s extensive market and company research covering the German construction industry. It provides detailed analysis of both historic and forecast construction industry values, at market and category level, analysis of the leading companies in the industry, and a review of major news.
Growth is expected in all German construction markets due to falling unemployment rates, economic recovery, and pent up demand as a result of the reduced spending during the global financial crisis. Additionally, growth is expected in the German infrastructure construction market due to the EUR41 billion expenditure plan announced by the German national rail operator Deutsche Bahn in 2010. Rapid growth is expected in the German healthcare construction category as a result of increased healthcare expenditure necessitated by an aging population and driven by increasing interest from foreign investors.
Within the German construction industry, residential construction was the largest market in 2010, with a share of 52.3%. In terms of growth, institutional construction was the fastest-growing market over the review period, with a CAGR of 6.84%. This was followed by industrial construction with a CAGR of 4.90%.
Published: August, 2011
Price: US$ 1,250.00
The report is part of iCD Research’s series of 55 studies of construction markets in major and emerging economies worldwide. Each of these studies examines market growth dynamics, key market trends and competitive forces across five industry categories and uses standardized definitions to enable comparison across markets.
- Inform strategic business decisions using strong historic and forecast market sizing data;
- Understand the demand-side dynamics affecting the German construction industry;
- Detailed market size, growth, segmentation and forecast data across five key industry categories provides all the essential information needed to assess market dynamics and identify new growth opportunities;
- Detailed profiles of major companies within the German construction market enable the reader to benchmark financial performance and assess business strategy against competitors.
More information can be found in the report “The Future of Construction in Germany to 2015: Economic Recovery and Pent Up Demand to Drive Growth” by iCD Research.
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