The Market for Commercial Construction in Germany is estimated to be valued at more than USD XX billion and is estimated to grow at a CAGR of more than 4.5% during the forecast period.

Germany is one of the Europe’s leading construction market and home to the largest stock of buildings let it be residential skyscrapers, industrial built environment, or commercial construction. A number of direct and indirect drivers are responsible for 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.

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Key Market Trends

Digitization of the Germany Commercial construction industry, a key trend: Building Information Modelling

Tracking systems for construction machinery, digital construction files, drones flying above a building site to monitor and control the construction status without human intervention, all are in the latest trend and set to digitize commercial construction industry and more so the entire construction industry of Germany. Digital asset models developed during the design phase become physical assets during construction, serving as the basis for the operation and maintenance. The Federal Ministry of Transport and Digital Infrastructure (BMVI), has set a “Road Map for Digital Design and Construction”, with the intention of development and implementation of the BIM, for all the infrastructure projects, planned for 2020 and henceforth, by the Federal Government, though the primary aim is to clearly mention the legislative and technical know how to develop standards for the usage of BIM. This is being done as part of the German initiative to optimally maximize the usage of technology in the traditional construction industry for the integrated planning processes, efficient and more sustainable use of the resources in buildings, and the immediate transfer of information between the entire group of stakeholders in the planning, design and construction execution process, including project manager, process manager, architects, engineers, construction companies, scientists, and investors/sponsors. Currently, a large share of the construction organizations across the country have not utilized the modelling platform at all, as per a recognized survey by the Govt. in Germany and have been trying to gather more information through various BIM clusters/groups.

Alleviating energy efficiency, a prime focus in the Germany Commercial Construction Market

As corona restrictions are gradually relaxed and businesses begin to normalize operations, Germany is working on getting its economy back on track with a focus on green growth. The Government incentives and building codes in Germany promote the opportunities abound for heat pump manufacturers (air, ground, and water-source), solar-thermal, and district heating solution providers in commercial building construction. With two thirds of the heating systems in Germany considered inefficient, upgrading old systems is a growing priority. The question of how to tackle climate change was one of the most prominent topics before the crisis. Now many public voices are calling for the efforts to enhance economic recovery to be combined with climate protection and sustainability measures. The green transformation certainly has support at the highest political level. Recent stress upon combining economic recovery with climate protection, at the Petersburg Climate Dialogue (PCD), by Chancellor Angela Merkel and announcement that Germany will push to expand renewables and make investments to help manage structural changes caused by the coal phase-out clearly show the Government initiative.

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Further to add in the set of initiatives by government promoting green commercial construction, the federal law on cogeneration (KWKG) has been changed and heat from treated sewage is now recognized in the same way as ambient heat from environmental sources such as water or the air. The system in question is based on a modern gas turbine power station and a large-scale heat pump. It will be built at Hamburg’s Dradenau sewage treatment plant and will form part of the Harbour Energy Park. Under the modified legislation, it will be considered an innovative CHP system and thus be eligible for funding. It is set to become the first large-scale sewage heat pump system in the country.

Competitive Landscape

The Germany Commercial construction market is highly competitive, despite the major local and international players having created enough competitive environment in the sector. Still, the market opens opportunities for small and medium players due to increasing govt investments in the sector. The Germany commercial construction market presents opportunities for growth during the forecast period, which is expected to further drive market competition. With large players competing with others for a significant share leaves the Germany construction market with no observable levels of consolidation.

A few key players in the market include Leonhard Weiss GmbH, Koster GmbH, Klbl GmbH, BAM Deutschland, AUG. PRIEN Bauunternehmung (GmbH & Co. KG) and Strabag AG.

The Government regulations make it quite easy for any player, local, national, or multinational to enter the market with ease and create its own share.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Government Regulations
4.4 Value Chain / Supply Chain Analysis
4.5 Overview of Commercial Construction Market in Germany
4.6 Brief on Construction Costs (average cost, office and retail space, per sq feet)
4.7 Insights into the newly office space completions (sq. feet)
4.8 Impact of COVID-19 on Japan Commercial Construction Market (Analyst View)

5 MARKET DYNAMICS

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