Denmark Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
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, GlobalData expects the Danish construction
- 1 Executive Summary
- 2 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 GlobalData Construction
- Contact Us
- 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: GlobalData 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)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook