Construction in Germany - Key Trends and Opportunities to 2018

Published: Oct, 2014 | Pages: 77 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the German construction industry, including:
The German construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type in Germany
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the German construction industry
Profiles of the leading operators in German construction industry.
Data highlights of the largest construction projects in Germany 

Summary
The German construction industry recorded a nominal CAGR of 4.22% during the review period (2009?2013). This was supported by investments in the country's infrastructure, commercial and residential construction projects. The nation's construction outlook is favorable due to the government's focus on infrastructure and residential construction. According to the Federal Statistical Office (Destatis), the seasonally and calendar adjusted average volume index of orders received in the construction industry increased by 1.6%, from 108.7 in the first-half of 2013 to 110.5 during the first-half of 2014. Strong economic conditions, a favorable labor market and a positive tourism image will fuel investments in the retail and tourism sectors. The industry's output is expected to record a compound annual growth rate (CAGR) of 4.31% in nominal prices over the forecast period (2014?2018). 
Scope
This report provides a comprehensive analysis of the construction industry in Germany. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Germany using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Germany 
Reason To Buy
 Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 Germany's total construction value add was EUR115.8 billion (US$153.5 billion) in 2013, representative of a review-period CAGR of 4.51%. The value add is anticipated to reach EUR139.9 billion (US$197.1 billion) in 2018, and record a forecast-period CAGR of 3.87%, driven by increases in residential and infrastructure construction activities. Factors such as low interest rates, a relatively strong economic performance compared with other European countries, and rising employment rates will increase the demand for construction. According to Destatis, the total number of dwelling permits increased from 124,876 in the first-half of 2013 to 136,843 in the first-half of 2014, whereas building construction permits increased from 102,157 to 103,088 during the same period. Therefore, the outlook for construction industry is assessed as moderate over the forecast period. 
Germany is one of the most popular tourist destinations in the world. According to the United Nations World Tourism Organization (UNWTO), the country is among the 10 leading tourist destinations in the world in terms of international tourist arrivals and international receipts in 2013. According to Destatis, the number of tourist arrivals increased from 152,738 in 2012 to 155,191 in 2013, while overnight stays increased from 407,260 in 2012 to 411,779 in 2013. Compared with 2012, the number of overnight stays by domestic tourists remained unchanged, at 339.9 million, while the number of overnight stays by international tourists registered an increase of 5.0%, to reach 71.9 million in 2013. The country's positive tourism image and its strong economy offer potential for development in the travel and tourism sector, which is likely to support growth in the leisure and hospitality category over the forecast period. 
According to the German chemical industry association Verband der Chemischen Industrie (VCI), chemical production grew by 1.5% in 2013 and total sales increased by 0.5%, from EUR187.1 billion (US$240.5 billion) in 2012 to EUR188.0 billion (US$249.2 billion) in 2013. Exports rose by 2.0%, from EUR161.8 billion (US$208.0 billion) in 2012 to EUR165.0 billion (US$218.7 billion) in 2013. However, the geopolitical crisis in Ukraine and sanctions against Russia impacted demand, and VCI reduced its previously forecast growth. VCI expects the production to increase by 1.5% and sales by 1.0%, to reach EUR192.5 billion (US$252.7 billion) in 2014. As the demand in the chemical industry depends upon the recovery in the global economy, the growth of the chemical plants category is likely to be moderate over the forecast period. 
Under the federal transport infrastructure plan (FTIPs) which are usually implemented for 10 to 15 years, the Federal Ministry of Transport and Digital Infrastructure concentrates on the development and upgrade of federal transport infrastructure. FTIP 2003 is the present framework program, which includes the investment for improving existing and developing new federal transport infrastructure until 2015. The new FTIP will be presented in 2015 and will include a new approach for prioritizing transport infrastructure investment. Moreover, under the framework investment plan (IRP) implemented for 2011-2015, a total of EUR41.0 billion (US$56.9 billion) will be allocated for the new construction and upgrade of road, rail and waterways. Efforts to improve transportation infrastructure will spur the growth of the infrastructure construction market over the forecast period. 
In 2014, the government approved a draft budget for 2014 and the coalition agreement for the period 2014-2018. Under the approved coalition agreement, the federal government will invest an additional EUR5.0 billion (US$6.7 billion) in transport infrastructure. This will increase the investment from EUR10.8 billion (US$14.6 billion) in 2014 to EUR11.9 billion (US$16.1 billion) by the end of the agreement.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: HOCHTIEF Aktiengesellschaft
8.1 HOCHTIEF Aktiengesellschaft - Company Overview
8.2 HOCHTIEF Aktiengesellschaft - Business Description
8.3 HOCHTIEF Aktiengesellschaft - Main Services
8.4 HOCHTIEF Aktiengesellschaft - History
8.5 HOCHTIEF Aktiengesellschaft - Company Information
8.5.1 HOCHTIEF Aktiengesellschaft - key competitors
8.5.2 HOCHTIEF Aktiengesellschaft - key employees
9 Company Profile: Bilfinger SE
9.1 Bilfinger SE - Company Overview
9.2 Bilfinger SE - Business Description
9.3 Bilfinger SE - Main Services
9.4 Bilfinger SE - History
9.5 Bilfinger SE - Company Information
9.5.1 Bilfinger SE - key competitors
9.5.2 Bilfinger SE - key employees
10 Company Profile: Linde Engineering
10.1 Linde Engineering - Company Overview
10.2 Linde Engineering - Main Services
10.3 Linde Engineering - History
10.4 Linde Engineering - Company Information
10.4.1 Linde Engineering - key competitors
10.4.2 Linde Engineering - key employees
11 Company Profile: HELMA Eigenheimbau AG
11.1 HELMA Eigenheimbau AG - Company Overview
11.2 HELMA Eigenheimbau AG - Main Services
11.3 HELMA Eigenheimbau AG - Company Information
11.3.1 HELMA Eigenheimbau AG - key competitors
11.3.2 HELMA Eigenheimbau AG - key employees
12 Company Profile: Ed. Zublin AG
12.1 Ed. Zublin AG - Company Overview
12.2 Ed. Zublin AG - Business Description
12.3 Ed. Zublin AG - Main Products and Services
12.4 Ed. Zublin AG - History
12.5 Ed. Zublin AG - Company Information
12.5.1 Ed. Zublin AG - key competitors
12.5.2 Ed. Zublin AG - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - ECE/SRE - Aachen Aquis Plaza Shopping Center - North Rhine-Westphalia
Table 3: Commercial Construction Project 2 - CCC - Cologne Opera House Renovation - North Rhine-Westphalia
Table 4: Commercial Construction Project 3 - CPA - Center Parcs Resort Allgau - Baden-Wurttemberg
Table 5: Industrial Construction Project 1 - ROG - Penzberg Biologic Manufacturing Facility - Bavaria
Table 6: Industrial Construction Project 2 - Infineon - Dresden Semiconductor Production Facility - Saxony
Table 7: Industrial Construction Project 3 - TK - Krefeld Steel Manufacturing Plant - North Rhine-Westphalia
Table 8: Infrastructure Construction Project 1 - DB - Stuttgart 21 High Speed Rail Line - Baden-Wurttemberg
Table 9: Infrastructure Construction Project 2 - Femern - Fehmarn Belt Fixed Link - Germany
Table 10: Infrastructure Construction Project 3 - DB - Wendlingen to Ulm High-Speed Railway Line - Baden-Wurttemberg
Table 11: Institutiol Construction Project 1 - USACE - Kaiserslautern Military Community Medical Center - Rhineland-Palatite
Table 12: Institutiol Construction Project 2 - FRG - Humboldt Forums Museum Redevelopment - Berlin
Table 13: Institutiol Construction Project 3 - SVSB - Tempelhof Central And Regiol Library Development - Berlin
Table 14: Residential Construction Project 1 -IBI - Koepenick Residential Development - Berlin
Table 15: Residential Construction Project 2 - GD - Berlin Residential Development - Germany
Table 16: Residential Construction Project 3 - HINES - Alexanderplatz Hines Residential Tower - Berlin
Table 17: HOCHTIEF Aktiengesellschaft, Key Facts
Table 18: HOCHTIEF Aktiengesellschaft, Main Services
Table 19: HOCHTIEF Aktiengesellschaft, History
Table 20: HOCHTIEF Aktiengesellschaft, Key Employees
Table 21: Bilfinger SE, Key Facts
Table 22: Bilfinger SE, Main Services
Table 23: Bilfinger SE, History
Table 24: Bilfinger SE, Key Employees
Table 25: Linde Engineering, Key Facts
Table 26: Linde Engineering, Main Services
Table 27: Linde Engineering, History
Table 28: Linde Engineering, Key Employees
Table 29: HELMA Eigenheimbau AG, Key Facts
Table 30: HELMA Eigenheimbau AG, Main Services
Table 31: HELMA Eigenheimbau AG, Key Employees
Table 32: Ed. Zublin AG, Key Facts
Table 33: Ed. Zublin AG, Main Products and Services
Table 34: Ed. Zublin AG - History
Table 35: Ed. Zublin AG, Key Employees
Table 36: German Construction Output by Project Type (EUR Million), 2009-2013
Table 37: German Construction Output by Project Type (EUR Million), 2013-2018
Table 38: German Construction Output by Cost Type (EUR Million), 2009-2013
Table 39: German Construction Output by Cost Type (EUR Million), 2013-2018
Table 40: German Construction Output by Activity Type (EUR Million), 2009-2013
Table 41: German Construction Output by Activity Type (EUR Million), 2013-2018
Table 42: German Construction Value Add by Project Type (EUR Million), 2009-2013
Table 43: German Construction Value Add by Project Type (EUR Million), 2013-2018
Table 44: German Commercial Construction Output by Project Type (EUR Million), 2009-2013
Table 45: German Commercial Construction Output by Project Type (EUR Million), 2013-2018
Table 46: German Commercial Construction Output by Cost Type (EUR Million), 2009-2013
Table 47: German Commercial Construction Output by Cost Type (EUR Million), 2013-2018
Table 48: German Commercial Construction Output by Activity Type (EUR Million), 2009-2013
Table 49: German Commercial Construction Output by Activity Type (EUR Million), 2013-2018
Table 50: German Commercial Construction Value Add by Project Type (EUR Million), 2009-2013
Table 51: German Commercial Construction Value Add by Project Type (EUR Million), 2013-2018
Table 52: German Industrial Construction Output by Project Type (EUR Million), 2009-2013
Table 53: German Industrial Construction Output by Project Type (EUR Million), 2013-2018
Table 54: German Industrial Construction Output by Cost Type (EUR Million), 2009-2013
Table 55: German Industrial Construction Output by Cost Type (EUR Million), 2013-2018
Table 56: German Industrial Construction Output by Activity Type (EUR Million), 2009-2013
Table 57: German Industrial Construction Output by Activity Type (EUR Million), 2013-2018
Table 58: German Industrial Construction Value Add by Project Type (EUR Million), 2009-2013
Table 59: German Industrial Construction Value Add by Project Type (EUR Million), 2013-2018
Table 60: German Infrastructure Construction Output by Project Type (EUR Million), 2009-2013
Table 61: German Infrastructure Construction Output by Project Type (EUR Million), 2013-2018
Table 62: German Infrastructure Construction Output by Cost Type (EUR Million), 2009-2013
Table 63: German Infrastructure Construction Output by Cost Type (EUR Million), 2013-2018
Table 64: German Infrastructure Construction Output by Activity Type (EUR Million), 2009-2013
Table 65: German Infrastructure Construction Output by Activity Type (EUR Million), 2013-2018
Table 66: German Infrastructure Construction Value Add by Project Type (EUR Million), 2009-2013
Table 67: German Infrastructure Construction Value Add by Project Type (EUR Million), 2013-2018
Table 68: German Institutiol Construction Output by Project Type (EUR Million), 2009-2013
Table 69: German Institutiol Construction Output by Project Type (EUR Million), 2013-2018
Table 70: German Institutiol Construction Output by Cost Type (EUR Million), 2009-2013
Table 71: German Institutiol Construction Output by Cost Type (EUR Million), 2013-2018
Table 72: German Institutiol Construction Output by Activity Type (EUR Million), 2009-2013
Table 73: German Institutiol Construction Output by Activity Type (EUR Million), 2013-2018
Table 74: German Institutiol Construction Value Add by Project Type (EUR Million), 2009-2013
Table 75: German Institutiol Construction Value Add by Project Type (EUR Million), 2013-2018
Table 76: German Residential Construction Output by Project Type (EUR Million), 2009-2013
Table 77: German Residential Construction Output by Project Type (EUR Million), 2013-2018
Table 78: German Residential Construction Output by Cost Type (EUR Million), 2009-2013
Table 79: German Residential Construction Output by Cost Type (EUR Million), 2013-2018
Table 80: German Residential Construction Output by Activity Type (EUR Million), 2009-2013
Table 81: German Residential Construction Output by Activity Type (EUR Million), 2013-2018
Table 82: German Residential Construction Value Add by Project Type (EUR Million), 2009-2013
Table 83: German Residential Construction Value Add by Project Type (EUR Million), 2013-2018
Table 84: Timetric Construction Market Definitions