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

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Denmark Construction Market Report Overview

The Denmark construction market size was $51.9 billion in 2022. The market is projected to achieve an AAGR of less than 1% during 2024-2027. The growth of the market in the latter part of the forecast period is attributed to investments in transport, renewable energy, manufacturing, and housing projects.

Denmark Construction Market Outlook, 2022-2027 ($ Billion)

Denmark Construction Market Outlook, 2022-2027 ($ Billion)

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The Denmark construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Denmark construction market growth in the coming years.

Market Size (2022) $51.9 billion
AAGR (2024-2027) <1%
Forecast Period 2024-2027
Historical Period 2018-2023
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction

Key Contractors ·        MerweOord BV

·        Per Aarsleff Holding AS

·        Vinci SA

·        Royal Boskalis Westminster NV

·        Actividades de Construccion y Servicios SA

Key Consultants ·        COWI AS

·        Ramboll Group AS

·        Arup Group Ltd

·        Fugro NV

·        Per Aarsleff Holding AS

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Denmark Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Denmark construction market in 2022

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. A gradual revival of the tourism and retail sectors, coupled with investments in data center and office buildings, will drive the commercial sector’s growth over the forecast period.

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. A gradual rebound in industrial and manufacturing activities, coupled with investments in the country’s automobile sector will drive the sector’s growth during the forecast period.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investments as part of the Infrastructure Plan 2035 will support the sector’s growth over the forecast period.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investments in renewable energy projects, in line with the government’s plan to cut carbon emissions by 2030 will drive the sector growth between 2025 and 2027.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Public and private sector investments in healthcare, education, and research-building projects will fuel the growth of the institutional construction sector in the forecast period.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s plan to construct new affordable rental houses in major cities by the end of 2035 will drive the sector growth over the forecast period.

Denmark Construction Market Analysis by Sectors, 2022 (%)

Denmark Construction Market Analysis by Sectors, 2022 (%)

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Denmark Construction Market - Competitive Landscape

MerweOord BV emerged as the leading contractor and COWI AS as the leading consultant in the Denmark construction market in 2022

A few of 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

Foreign contractors account for most of the project pipeline in the Denmark construction market.

Denmark Construction Market Analysis by Contractors, 2022 (%)

Denmark Construction Market Analysis by Contractors, 2022 (%)

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A few of the leading consultants in the Denmark construction market are:

  • COWI AS
  • Ramboll Group AS
  • Arup Group Ltd
  • Fugro NV
  • Per Aarsleff Holding AS

Consultants with headquarters within Denmark are involved in most of the project pipeline by value.

Denmark Construction Market Analysis by Consultants, 2022 (%)

Denmark Construction Market Analysis by Consultants, 2022 (%)

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Denmark Construction Market - Latest Developments

  • The largest commercial project currently in the pipeline is the Andrup Data Center project. It includes the construction of server rooms, control rooms, an administrative space, and heat recovery systems, as well as the installation of heat pumps and safety and security systems.
  • The largest industrial project in the pipeline is the Tietgenbyen Medicine Manufacturing Facility project which involves the construction of a medicine manufacturing plant on a land in Odense, Denmark.

Segments Covered in the Report

Denmark Construction Sectors Outlook (Value, $ 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.
  • Historical and forecast valuations of the construction industry in Denmark, featuring details of key growth drivers.
  • Segmentation by sector 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.

Table of Contents

  • 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

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. 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

  • 8. About GlobalData
  • 9. Contact Us

Table

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

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, $ Million, 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: Western Europe, 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)

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