Denmark Construction Market Size, Trend Analysis by Sector and Forecast, 2023-2027

The construction industry in Denmark is expected to decline by 4.3% in real terms in 2023 and 2.2% in 2024, following an annual growth of 10.7% in 2022. While the industry has been strong in recent years since the pandemic, supported by government policies to sustain construction activity, growth momentum is expected to reverse this year under the weight of economic and market headwinds. Elevated construction costs, both in terms of materials and labor, will weigh heavily on the execution of projects, while weakening housing demand amid rising interest rates and high housing prices will create a particularly challenging environment for residential developers. This perspective is also backed by the level of building permit issuance, which fell by 16.3% annually in 2022, driven by sharp declines in residential (-13.1%) and non-residential (-20.1%).

Over the remainder of the forecast period, the publisher expects the Danish construction industry to register an annual average growth of 3.2% from 2025 to 2027, supported by investments in transport, renewable energy, and housing infrastructure projects. The industry's growth over the forecast period will also be supported by investments as part of the DKK164 billion ($22.6 billion) Infrastructure Plan 2035-which is aimed at strengthening public transport and facilitating the green transition. The Infrastructure Plan 2035 includes DKK86 billion ($12.4 billion) for public transportation projects, DKK64 billion ($9.2 billion) for future road construction, DKK11 billion ($1.6 billion) for three key regional development projects, and DKK3 billion ($431.7 million) for new cycling infrastructure. Forecast- period growth will also be supported by government's aim to produce fossil-fuel-free electricity by 2035 and reach zero-net emissions of greenhouse gases by 2050. The Danish energy supplier, Eurowind Energy AS is undertaking the Clean Energy Parks Program 2500MW that involves the construction of five wind farms and solar parks with a combined capacity of 2,500MW. With an expected valuation of DKK39.9 billion ($5.5 billion), the construction works are expected to commence in Q2 2026 and end in Q2 2031.

This report provides detailed market analysis, information and insights into the Danish construction industry, including:

The Danish construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Danish construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides:

Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Denmark, featuring details of key growth drivers
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline
Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate strategy using the publisher's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors.

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 Publisher Construction

Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Denmark, Key Economic Indicators
Table 3: Denmark, Commercial Construction Output by Project Type (Real % Change), 2018-27
Table 4: Denmark, Top Commercial Construction Projects by Value
Table 5: Denmark, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: Denmark, Top Industrial Construction Projects by Value
Table 7: Denmark, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: Denmark, Top Infrastructure Construction Projects by Value
Table 9: Denmark, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: Denmark, Top Energy and Utilities Construction Projects by Value
Table 11: Denmark, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: Denmark, Top Institutional Construction Projects by Value
Table 13: Denmark, Residential Construction Output by Project Type (Real % Change), 2018-27
Table 14: Denmark, Top Residential Construction Projects by Value
Table 15: Denmark, Key Contractors
Table 16: Denmark, Key Consultants
Table 17: Denmark, Construction Output Value (Real, $ Million)
Table 18: Denmark, Construction Output Value (Nominal, DKK Million)
Table 19: Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2021-27
Figure 2: Denmark, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: Denmark, Risk Summary
Figure 4: Denmark, Risk Regional Comparison
Figure 5: Denmark, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: Denmark, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: Denmark, Construction Value Add (DKK Billion, 2010 Chained Prices)
Figure 8: Denmark, Construction Production Index (2015=100, % Change YoY)
Figure 9: Denmark, Gross Capital Formation (DKK Billion, 2010 Chained Prices)
Figure 10: Denmark, Total Number of People Employed in the Construction Industry, in Thousands
Figure 11: Denmark, Construction Projects Momentum Index
Figure 12: Region, Construction Projects Momentum Index
Figure 13: Denmark, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 14: Denmark, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15:Denmark, Floor Area of Permits Issued for Hotel, Restaurant, Hairdresser, and Other Services, in m2
Figure 16: Denmark, Total Number of Overnight Stay (in Thousands)
Figure 17: Denmark, Retail Trade Value Index (2015=100, % Change YoY)
Figure 18: Denmark, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 19: Denmark, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Denmark, Manufacturing Value Add (DKK Million, 2010 Constant Prices)
Figure 21: Denmark, Industrial and Manufacturing Production Index (2015=100)
Figure 22: Denmark, Total Exports (DKK Million)
Figure 23: Denmark, Total Floor Area of Factory/Workshops Completed (in Thousands)
Figure 24: Denmark Total Floor Area of Factory/Workshops Permits (in Thousands)
Figure 25: Denmark, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 26: Denmark, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Denmark, Construction Cost Index for Road Projects, 2015=100
Figure 28: Denmark, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 29: Denmark, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Denmark, Utility Services Value Add (DKK Million, 2010 Constant Prices)
Figure 31: Denmark, Total Floor Area of Power Stations (in Thousands m2)
Figure 32: Denmark, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 33: Denmark, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Denmark, Total Floor Area of Institutional Building Permits (in m2)
Figure 35: Denmark, Public Administration, Health, and Education Value Add (DKK Billion, 2010 Chained Prices)
Figure 36: Denmark, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 37: Denmark, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Denmark, Total Floor Area of Residential Building Permits (in Thousands m2)
Figure 39: Denmark, Total Floor Area of Residential Buildings Completed (in Thousands m2)
Figure 40: Denmark, Construction Cost Index for Residential Buildings, 2015=100, % Change YoY
Figure 41: Denmark, House Price Index (2015=100)
Figure 42: Denmark, Dwellings Value Add (DKK Million, 2010 Constant Prices)
Figure 43: Denmark, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 44: Denmark, Headquarters of Key Consultants (% of Total Project Pipeline)

This report provides detailed market analysis, information and insights into the Danish construction industry, including:

Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides:

Reasons to Buy

Table of Contents

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