Germany Construction Market Size, Trends and Forecasts by Sector – Commercial
February 20, 2023 ⚊ 1 Min read ⚊ Views 79 ⚊ BUSINESSThe Germany construction market size was valued at $486 billion in 2021. The market is projected to achieve an AAGR of more than 1% during 2023-2026. This industry has been severely impacted by economic headwinds caused by the ongoing energy crisis, high construction materials costs, rising inflation, and labor shortages. Forecast-period construction market growth in Germany will be supported by the government’s plan to invest in industrial transformation until 2026. This includes funding for climate protection, hydrogen production, expansion of the electric vehicle (EV) charging infrastructure, and construction of new renewable energy projects.
Tags: Germany Construction