Germany Modular Construction Market Forecast 2023-2030

Germany Modular Construction Market Forecast 2023-2030

KEY FINDINGS
The Germany modular construction market growth is projected to record a 6.48% CAGR during the estimation period, 2023-2030. Housing shortage for migrants, public-private support for modular construction, housing demand due to urbanization, and firm investments boost Germany’s market growth.
MARKET INSIGHTS
Cities across Germany, including Hamburg, Dresden, and Munich, have been actively constructing modular housing estates to accommodate permanent and temporary residents. This approach addresses a critical issue - the acute shortage of housing, schools, and kindergartens, especially for the influx of new residents and migrants, a need that conventional construction techniques have been unable to fulfill promptly.
Modular construction techniques are witnessing strong support from Germany’s public and private sectors. According to the Federal Office for Building and Regional Planning, Germany had a pressing requirement for approximately 350,000 new homes annually as of 2021.
Additionally, demographic trends such as the younger population migrating to urban centers for employment and educational opportunities have increased the demand for affordable, target group-specific housing. These factors are driving the demand for modular construction nationwide. As a result of the growing demand in both residential and commercial sectors, an increasing number of firms in Germany are recognizing the potential of modular construction and investing in this burgeoning industry.
COMPETITIVE INSIGHTS
Major market players operating in the country include Bouygues Construction, Wernick Group, Kleusberg GmbH & Co KG, Modulaire Group, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments