Denmark Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

Denmark Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028


Summary

GlobalData’s Construction in Denmark - Key Trends and Opportunities to 2028 (H1 2024) 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.
GlobalData expects the construction industry in Denmark to shrink by 6.9% in real terms in 2024 and 0.8% in 2025, owing to headwinds caused by elevated inflation, high interest rates, high construction material prices, and supply chain disruptions caused by the Red Sea conflict. This weakness forced major developers into insolvency and delayed the completion of several projects. In February 2024, the health authority in South Denmark announced that the construction of Odense University Hospital (OUH) would be delayed by 18 months, due to a shortage of workers and increased construction costs. The project was originally planned to be completed by 2025, but now the OUH authority expects it to be finished by 2027. Falling construction permits also pose a major threat to the industry’s output this year.

The industry is expected to register an average annual growth rate of 3.9% from 2026 to 2028, supported by investments in the development of the transport, renewable energy, and manufacturing sectors. Recent developments involve the allocation of funds for refurbishing the S-train station in Copenhagen and investing DKK66.7 billion ($9.6 billion) in expanding and developing the country's road network from 2023-2035; this includes the construction of nine new motorways. The growth of transport infrastructure in Denmark will also be supported by the Transport and Infrastructure Plan worth DKK157.6 billion ($22.8 billion) announced in 2021. The project includes the construction of a Copenhagen M5 metro line in the Capital Region, which is being led by the Danish transport, development, and construction company, Metroselskabet I/S (Metroselskabet), in collaboration with the Ministry of Transport.

Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides-
  • Historical (2019-2023) and forecast (2024-2028) 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.


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 n
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), 2019-28
Table 4: Denmark, Top Commercial Construction Projects by Value
Tabl
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: Denmark, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Denmark, Risk Summary
Figure 4: Denmark, Risk Regional Comparison
Figure 5: Denmark, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Denmark, Construction Output Value, by Sector (Real, $ Million), 2019-28
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 Fixed Capital Formation (DKK Billion, 2010 Chained Prices)
Figure 10: Denmark, Total Number of People Employed in the Construction Industry, in Thousands
Figure 11: Denmark, Total Outstanding Domestic Mortgage Loans for the Construction Sector (in DKK Billion)
Figure 12: Denmark, Construction Projects Momentum Index
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Denmark, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Denmark, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Denmark, Floor Area of Permits Issued for Hotel, Restaurant, Hairdresser, and Other Services, in m2
Figure 17: Denmark, Total Number of Overnight Stay (in Thousands)
Figure 18: Denmark, Retail Trade Value Index (2015=100, % Change YoY)
Figure 19: Denmark, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 20: Denmark, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Denmark, Manufacturing Value Add (DKK Million, 2010 Constant Prices)
Figure 22: Denmark, Industrial and Manufacturing Production Index (2015=100)
Figure 23: Denmark, Total Exports (DKK Million)
Figure 24: Denmark, Total Floor Area of Factory/Workshops Completed (in Thousands)
Figure 25: Denmark, Total Floor Area of Factory/Workshops Permits (in Thousands)
Figure 26: Denmark, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Denmark, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Denmark, Construction Cost Index for Road Projects, 2015=100
Figure 29: Denmark, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: Denmark, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Denmark, Utility Services Value Add (DKK Million, 2010 Constant Prices)
Figure 32: Denmark, Total Floor Area of Power Stations (in Thousands m2)
Figure 33: Denmark, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 34: Denmark, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Denmark, Total Floor Area of Institutional Building Permits (in m2)
Figure 36: Denmark, Public Administration, Health, and Education Value Add (DKK Billion, 2010 Chained Prices)
Figure 37: Denmark, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 38: Denmark, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Denmark, Total Floor Area of Residential Building Permits (in Thousands m2)
Figure 40: Denmark, Total Floor Area of Residential Buildings Completed (in Thousands m2)
Figure 41: Denmark, Construction Cost Index for Residential Buildings, 2015=100, % Change YoY
Figure 42: Denmark, House Price Index (2015=100)
Figure 43: Denmark, Dwellings Value Add (DKK Million, 2010 Constant Prices)
Figure 44: Denmark, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 45: Denmark, Headquarters of Key Consultants (% of Total Project Pipeline)

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