The construction industry – PDF library & interesting facts

Published on: December 5, 2021 / Update from: October 26, 2022 - Author: Konrad Wolfenstein

The global construction industry reached $12 trillion in annual spending before the coronavirus (COVID-19) pandemic and is expected to grow by three percent. Given the immense economic and social shock caused by COVID-19, this market may experience a temporary slowdown. The market size in this industry is expected to more than double in just two decades, reaching over $19 trillion by 2035. Future projects in the construction industry include construction projects in the real estate sector - both residential and commercial - but also in the area of ​​infrastructure and industrial structures that will change the way people live. Continuous growth is also forecast for the global construction machinery market. In just five years, the market size will increase by 25 percent.

For the period between 2014 and 2020, a total of 556 projects were submitted to the European Commission that received funding of 50 million euros or more, with Poland being the country with the highest number of applications. Most of these concerned the network infrastructure in the areas of transport and energy.

According to sales figures for 2017, the French company Vinci SA was the largest construction company with sales of 40.25 billion euros. The builder was also the largest company in terms of market capitalization, earning almost three times as much as the second-place company. Over the past nine years, Vinci's revenue has increased by 10 billion euros, despite a slump in 2014.

 
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Construction costs varied between European cities, with Zurich being the most expensive city. Of the ten top performers, five were regions in the UK. In comparison, one square meter of interior space for a high-rise apartment in Istanbul cost an average of 3,120 Turkish lira.

The German construction machinery industry is a sub-area of ​​mechanical engineering and includes mining, construction and building materials machines. These are powered by combustion or electric motors and used for construction tasks, the transport of construction materials and the processing of building materials. They are used both in the construction industry and in the finishing industry. The spectrum of construction machinery ranges from excavators and transport equipment to stationary devices, such as tower cranes or construction hoists.

Structure of the construction machinery industry

In 2020, sales in the construction machinery industry in Germany amounted to around 12.2 billion euros. The share of sales in German mechanical engineering was therefore around 5.6 percent (“mining, construction and building materials machines”). The majority of sales were generated abroad: in 2020, around 9.1 billion euros were generated abroad. Domestic sales in the construction machinery industry amounted to around 3.1 billion euros in the same year.

In 2020, 132 companies were counted in the construction machinery industry in this country. A total of 40,000 employees worked in the industry.

The global players in the industry

By far the largest construction machinery manufacturer in the world is the US company Caterpillar. The company Komatsu, based in Japan, follows in second place. A German company is also listed in the ranking of the largest manufacturers in the industry: With sales of around 7.8 billion US dollars in 2021, Liebherr is also one of the global players in the industry.

Construction industry sector in Germany – all data, figures and graphics

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