Germany Prefabricated Buildings Market Trends

Statistics for the 2023 & 2024 Germany Prefabricated Buildings market trends, created by Mordor Intelligence™ Industry Reports. Germany Prefabricated Buildings trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Team License

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Corporate License

$8750

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Market Trends of Germany Prefabricated Buildings Industry

This section covers the major market trends shaping the Germany Prefabricated Buildings Market according to our research experts:

Increasing Labor Cost

Construction required all types of labor, including full-skilled, semiskilled, and low-skilled. The requirement for semiskilled and low-skilled labor is more as compared with full-skilled labor in construction activity. In Germany availability of unskilled and semiskilled labor is declining very rapidly. The Head of the Federal Employment Agency of Germany said that Germany requires 400,000 new immigrant laborers per year to fulfill the country's labor need. There is government regulation for paying minimum wages to the labor. The Federal Ministry has set the rules for Labour and Social Affairs for minimum wages of labor. There is around a 15.8% hike in the Minimum Wages Set (Gross per hour) from 2015 to 2021. This increased labor cost resulted in the high construction cost of building. As prefabricated buildings are manufactured in advance in other locations and can be transported and assembled. It is shifting the focus of consumers toward it over the conventionally constructed building and driving the growth of the prefabricated building market

Germany minimum wages

Growing Demand for Precast Concrete

Precast concrete is generally used in both commercial and residential prefabricated buildings. Due to its high strength and low cost compared with other materials like glass, metal, and timber, precast concrete is gaining huge popularity and adoption in building construction. In 2021 concrete segment acquired a major share of Germany's prefabricated buildings market. In Germany, very few trained people are currently available in the private sector to implement the precast concrete system. The service provided is more focused on the various other market-building methods and techniques available.

Germany Prefabricated Building  Market-by Material

Germany Prefabricated Buildings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)