Germany Infrastructure Report

Published 02 February 2015

  • 74 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Germany Infrastructure Report

BMI View: We maintain our gloomy outlook for Germany's construction sector, given n either the government in the form of infrastructure investment nor the private sector in real estate is investing enough to maintain growth at levels seen 2014 . We expect growth to reach 2% in 2015 , with the eurozone and Ukraine crisis being the major downside risks. The residential sector, rail infrastructure and renewables projects remain the market's bright spots .

Low levels of domestic investment remains are largest concern for the German infrastructure market and with a government committed to fiscal prudence and business sentiment at low levels due to concerns over the economy, we do not expect this situation to improve. Over our ten-year forecast period to 2024, the construction industry will average real growth of 1.5%.

Key Trends And Developments

  • The 2015-2018 federal budget has been adopted by the coalition government, which will see spending on transport infrastructure reach EUR11.9bn over the time period. Furthermore, Deutsche Bahn has announced a EUR28bn spending plan which will run up to 2019, which will further the rail sector's outperformance.

  • Low interest rates have made mortgages affordable and German real estate has been viewed as a safe haven for European investors. As such, there has been significant growth in house prices over 2014 and growth in the sector has been impressive. We expect this to continue in 2015, although growth will settle to a more sustainable level.

  • It is the renewables sector which will drive growth in the energy and utilities sector and the industry should experience more sustainable growth as the government has decided to limit subsidies to the first 2.5GW of capacity which are brought online each year - prolonging investment periods.

  • We are monitoring the ongoing approval process for the Fehmarnbelt tunnel project, set to link Germany and Denmark via an undersea link. A total of 24 companies, forming nine different...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Germany 2012-2017)
10
Table: Construction And Infrastructure Industry Data (Germany 2018-2023)
11
Transport Infrastructure - Outlook And Overview
17
Table: Transport Infrastructure Industry Data (Germany 2012-2017)
17
Table: Transport Infrastructure Industry Data (Germany 2018-2023)
18
Table: Major Projects - Transport Infrastructure
26
Energy And Utilities Infrastructure - Outlook And Overview
29
Table: Energy And Utilities Infrastructure Data (Germany 2012-2017)
29
Table: Energy And Utilities Infrastructure Data (Germany 2018-2023)
30
Table: Major Projects - Energy And Utilities
35
Residential/NonResidential Building - Outlook And Overview
38
Table: Residential and Non-Residential Building Industry Data (Germany 2012-2017)
38
Table: Residential and Non-Residential Building Industry Data (Germany 2018-2023)
38
Table: Major Projects - Residential/Non-Residential Construction And Social Infrastructure
42
Industry Risk Reward Ratings
43
Germany - Infrastructure Risk/Reward Index
43
Rewards
43
Risks
43
North America and Western Europe - Infrastructure Risk/Reward Index
44
Table: Western Europe And North America: Infrastructure Risk/Reward Index
49
Market Overview
50
Competitive Landscape
50
Table: Key Infrastructure Companies
51
Company Profile
52
Hochtief
52
RWE
55
Bilfinger Berger
58
Global Industry Overview
60
Table: Construction Industry Value, Real Terms, % Change
61
Table: BMI's Top 5 Markets
65
Methodology
67
Industry Forecast Methodology
67
Sector-Specific Methodology
68
Risk/Reward Index Methodology
72
Sector-Specific Methodology
73
Table: Infrastructure Risk/Reward Index Indicators
73
Table: Weighting Of Indicators
74

The Germany Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Germany Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the German infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Germany to test other views - a key input for successful budgetary and planning in the German infrastructure market.
  • Target business opportunities and risks in the German infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Germany.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc