Denmark Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2032

Denmark Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2032

The Denmark Construction Market size was valued at USD 48.87 billion in 2023, and is predicted to reach USD 65.86 billion by 2030, at a CAGR of 6.1% from 2024 to 2030.

Denmark's construction sector is currently experiencing substantial growth, fueled by an increase in infrastructure projects and proactive government initiatives. A major catalyst for this expansion is the comprehensive plan unveiled by the Danish government in July 2021, that commits USD 24.35 billion towards the development and modernization of the nation's infrastructure. This substantial investment focuses primarily on upgrading transportation systems, including roads, railways, and public transit networks. These improvements are designed not only to enhance connectivity and efficiency but also to support sustainable development goals, reducing environmental impact and promoting green technologies. The government's commitment to such a significant financial injection into infrastructure underscores its dedication to fostering economic growth, improving public services, and ensuring long-term resilience in Denmark's construction industry.

However, the construction industry faces significant challenges arising from the intricate web of government regulations and permitting processes, that often require a multitude of approvals from various levels of authority, including local, regional, and national bodies. These regulatory hurdles encompass a wide range of requirements such as zoning regulations, environmental assessments, adherence to building codes, safety standards, and other prerequisites. Delays in obtaining permits, bureaucratic inefficiencies, and inconsistencies in regulations across different jurisdictions can considerably extend project timelines and inflate costs. Furthermore, fluctuations in regulations or sudden policy changes can disrupt ongoing projects and deter potential investments. For instance, the United States Environmental Protection Agency (EPA) oversees numerous aspects of the construction sector, including air quality, waste disposal, and water regulations, providing compliance assistance resources for environmental responsibilities during various construction phases.

Conversely, the construction sector is witnessing a transformative shift driven by digitalization and the adoption of Building Information Modeling (BIM), that are revolutionizing project management processes by integrating advanced technologies to improve efficiency, accuracy, and collaboration. BIM, an advanced 3D modeling tool, empowers stakeholders to create and manage digital representations of structures and infrastructure, facilitating enhanced coordination and communication among project teams. For example, in September 2022, the National Institute of Building Sciences (NIBS) launched the U.S. National Building Information Management (BIM) Program, aiming to modernize the construction industry and achieve unprecedented levels of industrial efficiency through digitalization. This initiative aims to address the lack of digitalization in the U.S. construction sector, that hampers the optimization of work processes to enhance efficiency, cost-effectiveness, resilience, and safety in construction and maintenance activities.

KEY BENEFITS

The Denmark construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.

Key Market Players

Leading players operating in the Denmark construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group

KEY BENEFITS
• The Denmark construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Denmark construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.