The Future of Construction in Germany to 2015: Economic Recovery and Pent Up Demand to Drive Growth
Although the German institutional construction market recorded a decline of 2.0% in 2009 and the industrial construction market recorded an annual decline of 1.5%, these were the countryâ€™s two smallest construction markets and growth was recorded in the remaining three markets, with residential construction recording the highest growth of 1.0%.
A major reason behind the positive growth in the majority of markets was the EUR17.3 billion infrastructure stimulus, part of the EUR50 billion stimulus package announced by the German Government in January 2009.
Growth is expected in all German construction markets due to falling unemployment rates, economic recovery, and pent up demand as a result of the reduced spending during the global financial crisis. Additionally, growth is expected in the German infrastructure construction market due to the EUR41 billion expenditure plan announced by the German national rail operator Deutsche Bahn in 2010.
Rapid growth is expected in the German healthcare construction category as a result of increased healthcare expenditure necessitated by an aging population and driven by increasing interest from foreign investors.
â€¢ Inform strategic business decisions with strong historic and forecast market sizing data
â€¢ Identify the growth opportunities and industry dynamics within five key industry categories: Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction and Residential Construction
â€¢ Understand the demand-side dynamics affecting the German construction industry
â€¢ Identify the major companies operating within the German construction industry using the reportâ€™s detailed business descriptions, SWOT analysis, news and key personnel information
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