Denmark Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

The construction industry in Denmark is estimated to contract in real terms by 3.7% in 2024 and 0.8% in 2025, owing to headwinds caused by high construction material prices, elevated inflation, and high interest rates. According to Statistics Denmark, the average construction cost index for road projects rose by 4.2% year on year (YoY) in H1 2024. The construction cost index for residential properties also rose by 1.8% during January-June 2024, with cost of labor rising by 4.3% and cost of materials growing by 0.7% according to Statistics Denmark. For example, Better Energy, Denmark based renewable energy company, in September 2024 announced a delay of 3GW of solar projects until 2030 due to a tough market and high electricity prices. Similarly, in August 2024, Denmark postponed its first 10GW "energy island" project by at least three years, citing rising commodity prices and high interest rates. The project is now expected to finish no earlier than 2036.

A decline in construction permits also presents a significant challenge to the industry's output in 2024, with the total floor area of construction permits approved declining by 9.4% YoY in H1 2024, preceded by an annual decline of 13.8% in 2023, according to Statistics Denmark. The construction industry is expected to register an average annual growth rate of 3.9% from 2026 to 2028, supported by investments to develop transport, and renewable energy projects, coupled with government’s plan to invest DKK157.6 billion ($22.8 billion) by 2035 for several transportation infrastructure projects. Some of the key developments under the government’s Infrastructure Plan 2035, include the construction of the Copenhagen M5 metro line in the Capital Region.

The Construction in Denmark - Key Trends and Opportunities to 2028 (H2 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.

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 our 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 business strategies using the analyst'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

About the Analyst
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), 2019-28
Table 4: Denmark, Top Commercial Construction Projects by Value
Table 5: Denmark, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Denmark, Top Industrial Construction Projects by Value
Table 7: Denmark, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Denmark, Top Infrastructure Construction Projects by Value
Table 9: Denmark, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Denmark, Top Energy and Utilities Construction Projects by Value
Table 11: Denmark, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Denmark, Top Institutional Construction Projects by Value
Table 13: Denmark, Residential Construction Output by Project Type (Real % Change), 2019-28
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: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

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, 2020 Chained Prices)
Figure 8: Denmark, Construction Production Index (2021=100, % Change YoY)
Figure 9: Denmark, Gross Fixed Capital Formation (DKK Billion, 2020 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 Industry (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 (2021=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, 2020 Constant Prices)
Figure 22: Denmark, Industrial and Manufacturing Production Index (2021=100)
Figure 23: Denmark, Total Exports (DKK Million)
Figure 24: Denmark, Total Floor Area of Factory/Workshops Completed (In Thousands m2)
Figure 25: Denmark, Total Floor Area of Factory/Workshops Permits (In Thousands m2)
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, 2020 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, 2020 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, 2021=100, % Change YoY
Figure 42: Denmark, House Price Index (2015=100)
Figure 43: Denmark, Dwellings Value Add (DKK Million, 2020 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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The Construction in Denmark - Key Trends and Opportunities to 2028 (H2 2024) 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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