Germany Commercial Construction Market Size (2024 - 2029)

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.

Germany Commercial Construction Industry Segmentation

Commercial construction includes the construction of buildings and other structures used for commercial purposes. It has office buildings, retail stores, warehouses, and factories. Commercial construction involves people from architects and engineers to contractors.

Germany's Commercial Construction Market is segmented by type (hospitality, office building, retail, institutional, and others). The report offers market sizes and forecasts for the German commercial construction market in value (USD) for all the above segments.

The report provides a comprehensive background analysis of Germany's Commercial Construction Market, covering the current market trends, market dynamics, technological updates, and detailed information on various segments and the industry's competitive landscape. Additionally, the COVID-19 impact has been incorporated and considered during the study.