The challenges in the construction industry remain tremendous: construction volumes and sales prices are falling, construction costs and interest rates are rising and the shortage of skilled workers is causing bottlenecks in project management.
In addition, there are increased requirements for energy efficiency and the fulfillment of further legal requirements. The construction industry is countering this cost pressure through digitalization, a focus on growth regions and product innovations aimed at counteracting rising construction costs.
At the same time, the construction industry is not immune to internationalization: foreign competitors are pushing into the German market, German construction companies are expanding their operations across borders and are also dependent on foreign specialists here in Germany.