Denmark Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Denmark Construction Market Report Overview

The Denmark construction market size was $55.6 billion in 2022. The market is projected to achieve an AAGR of more than 1% during 2024-2027, 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.

Denmark Construction Market Outlook, 2022-2027

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The Denmark construction market research report provides detailed market analysis, information, and insights into the Denmark construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Denmark construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Denmark Construction Market Segmentation by Sectors

The key sectors in the Denmark construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The commercial construction sector’s output is expected to register an annual average growth of more than 3% during 2025-2027, supported by gradual revival of tourism sector, and subsequent investments in leisure, hospitality, and retail buildings.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector is expected to register an annual average growth of more than 3% from 2025 to 2027, supported by gradual rebound in industrial and manufacturing activities, coupled with investments in the country’s auto sector.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects.  The infrastructure construction sector is expected to rebound at an annual average growth rate of more than 2% from 2025 to 2027, supported by investments in the railway infrastructure together with the government’s aim to reduce traffic congestion, strengthen public transportation, and facilitate the green transition with an investment of DKK164 billion ($23.6 billion) as part of the Infrastructure Plan 2035.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The energy and utilities sector is expected to record an annual average growth rate of more than 2% over the forecast period, supported by the government’s focus on the development of energy infrastructure, particularly renewable energy infrastructure, in line with its aim to reduce greenhouse gas emissions by 70% by 2030.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The institutional construction sector is expected to decline in 2023 and 2024, owing to a fall in the number of permits issued for different institutional buildings. However, it is expected to recover and register an annual average growth of 3.7% during 2025-27, supported by public and private sector investments on healthcare infrastructure and the religious building projects.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction sector is expected to register a sharp decline in 2023 and 2024, owing to a decline in residential permits issued in the country coupled with increase in construction costs for residential buildings and rising interest rates. However, the sector’s output is expected to register an annual average growth of more than 3% during 2025-2027, supported by government plans to construct 22,000 new affordable rental houses in major cities by the end of 2035. In addition, funding from the National Building Fund will continue to support the green renovation scheme until 2026.

Denmark Construction Market Analysis by Sectors, 2022 (%)

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Denmark Construction Market - Competitive Landscape

The leading contractors in the Denmark construction market are MerweOord BV, Per Aarsleff Holding AS, Vinci SA, Royal Boskalis Westminster NV, Actividades de Construccion y Servicios SA, Barslund AS, Max Bogl Group, McDermott International Ltd, Aarsleff Rail AS, and RWE AG.  MerweOord BV Rosatom led the market.

Denmark Construction Market by Contractors, 2022 (%)

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The leading consultants in the Denmark construction market are COWI AS, Ramboll Group AS, Fugro NV, Arup Group Ltd, Per Aarsleff Holding AS, MMT, WSP Global Inc, DHI AS, Sweco AB, and NIRAS Gruppen AS. COWI AS led the market.

Denmark Construction Market by Consultants, 2022 (%)

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Segments Covered in the Report

Denmark Construction Sectors Outlook (Value, US$ Billion, 2018-2027)

• Commercial Construction
• Industrial Construction
• Infrastructure Construction
• Energy and Utilities Construction
• Institutional Construction
• Residential Construction

Scope

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

• Historicaland forecast 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.