Construction in Germany - Key Trends and Opportunities to 2023
|出版日||ページ情報||英文 53 Pages
|ドイツの建設市場：主な傾向と機会 Construction in Germany - Key Trends and Opportunities to 2023|
|出版日: 2019年08月02日||ページ情報: 英文 53 Pages||
当レポートでは、ドイツの建設市場について分析し、市場全体の構造や将来展望、市場規模 (生産高・付加価値額) の推移と予測（過去5年間・今後5年間分)、各部門の詳細動向と代表的なプロジェクト、各種コスト (材料費・設備費・サービス費用) および活動内容 (新規建設、修理・整備、リフォーム、解体) の動向、今後解決すべき課題、今後の市場機会とリスク、代表的企業のプロファイルなどについて調査・推計しております。
Germany's construction industry expanded by 3% in real terms in 2018, with the industry's output value - measured at constant 2017 US dollar exchange rates - increasing from US$352.5 billion in 2017 to US$363.1 billion 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 industry's output value is expected to continue to expand in real terms over the forecast period (2019-2023), driven by the government's plans to upgrade the country's 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 government's 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 industry's output value in real terms is expected to post a compound annual growth rate (CAGR) of 2.59% over the forecast period. The industry is consequently expected to rise from a value of US$363.1 billion in 2018 to US$412.7 billion in 2023, measured at constant 2017 US dollar exchange rates.
Residential construction was the largest market in the German construction industry during the review period, accounting for 48.3% of its total value in 2018. The market is expected to follow a similar trend over the forecast period, with residential construction accounting for 48.3% of the industry's total value in 2023. Commercial construction accounted for 17.8% of the industry's total output in 2018, followed by infrastructure construction with 14.6%, institutional construction with 7.2%, industrial construction with 6.5% and energy and utilities construction with 5.6%.
The total construction project pipeline in Germany 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.
This report provides a comprehensive analysis of the construction industry in Germany. It provides -