Germany facade market is estimated to grow considerably, at a CAGR of around 5.4% during the forecast period. Germany is estimated to contribute significantly to the European facade market over the forecast period owing to significant growth in the building & construction industry across the country. Major Facade market players in the market have been making a strong effort in implementing and improving digital construction. The major challenge within the German market is the standardization, due to the fact that the construction sector is quite fragmented. The German government and the major industry associations take significant and joint efforts to support standardization.
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Moreover, the housing market has been facing strong demand fueled by rising incomes, low-interest rates as well as high levels of net migration. It is estimated that 3.6 million migrants will have arrived in Germany until 2020. There is housing demand for at least 350,000 new dwellings per year. Low-interest rates coupled with rising disposable incomes have contributed to increased property prices, in particular in big cities, making it more difficult for middle-class households to afford to house. To overcome some of the pressure in the housing market, the Government of Germany had introduced the Housing Construction Campaign, namely a comprehensive package of measures aimed at tackling housing shortages and rising house prices.
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Germany Facade Market Segmentation
By Façade Type
- Ventilated
- Non-Ventilated
By End-User
- Commercial
- Residential
- Industrial
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