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Construction in Denmark - Key Trends and Opportunities to 2023

Construction in Denmark - Key Trends and Opportunities to 2023

Summary

Denmark’s construction industry regained growth momentum in 2018, with output expanding by 5.7% in real terms - up from 3.3% in 2017. Consequently, the industry’s output value - measured at constant 2017 US dollar exchange rates - increased from US$41.7 billion in 2017 to US$44.1 billion in 2018. Growth during the review period (2014-2018) averaged 6.2% a year, and was supported by public and private sector investment in infrastructure, energy and residential construction projects.

According to Statistics Denmark, the country’s average construction production index at 2015 base prices grew by 4.1% in 2018 and 4.5% in 2017. Moreover, the construction production index for civil engineering grew by 4.3% in 2018 and 4.6% in 2017.

The industry is expected to continue to expand over the forecast period (2019-2023), however, with a decelerating growth rate. The industry's output is forecasted to register growth rates of 3.3% in 2019 and 3.1% in 2020. Growth will be supported by investment in commercial, infrastructure and renewable energy projects. The industry’s output value in real terms is expected to post a CAGR of 2.94% over the forecast period. Consequently, the industry’s output value is expected to rise from a value of US$44.1 billion in 2018 to US$51 billion in 2023, measured at constant 2017 US dollar exchange rates.

Accounting for 42.4% of the industry’s total value in 2018, residential construction was the largest market in the Danish construction industry during the review period. The market is expected to retain its position over the forecast period, with a market share of 39.4% of the industry’s total value in 2023. Infrastructure construction accounted for 16.3% of the industry’s total output in 2018, followed by commercial construction with 15.7%, energy and utilities construction with 14.7%, institutional construction with 6.0% and industrial construction with 4.8%.

The total construction project pipeline in Denmark including all mega projects with a value above US$25 million - stands at DKK490.2 billion (US$77.6 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 59.3% of the pipeline value being in projects in the pre-execution and execution stages as of August 2019.

The report “Construction in Denmark - Key Trends and Opportunities to 2023” provides detailed market analysis, information and insights into the Danish construction industry, including -

  • Historical (2014-2018) and forecast (2019-2023) 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
Furthermore, the report helps the user to -
  • Identify and evaluate market opportunities using 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 critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors
Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides -
  • Historical (2014-2018) and forecast (2019-2023) 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."


  • Executive Summary
  • Construction Outlook: At-a-glance
    • Table Construction Outlook
    • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
    • Table Figure 2: Denmark, Construction Projects Pipeline by Sector (DKK Billion)
  • Latest News and Indicators
    • Table Figure 3: Denmark, House Price Index
  • Key Drivers and Risks
    • Economic Performance
      • Table Denmark, Key Economic Indicators
    • Political Environment
    • Demographics
    • Risk Profile
      • Table Figure 4: Denmark, Risk Profile
      • Table Figure 5: Denmark, Risk Comparison
  • Construction Outlook
    • All Construction
      • Outlook
        • Table Figure 6: Denmark, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
        • Table Figure 7: Denmark, Construction Output Value, Growth Matrix
        • Table Figure 8: Denmark, Construction Output Value, by Sector (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 9: Denmark, Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018-2023
        • Table Figure 10: Denmark, Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Denmark, Construction Output Value (nominal, DKK Million)
        • Table Denmark, Construction Output Value (nominal, US$ Million)
    • Commercial Construction
      • Outlook
        • Table Figure 11: Denmark, Commercial Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 12: Denmark, Commercial Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 13: Denmark, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018-2023
        • Table Denmark, Top Commercial Construction Projects by Value
    • Industrial Construction
      • Outlook
        • Table Figure 14: Denmark, Industrial Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 15: Denmark, Industrial Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 16: Denmark, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018-2023
        • Table Denmark, Top Industrial Construction Projects by Value
    • Infrastructure Construction
      • Outlook
        • Table Figure 17: Denmark, Infrastructure Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 18: Denmark, Infrastructure Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 19: Denmark, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018-2023
        • Table Denmark, Top Infrastructure Construction Projects by Value
    • Energy and Utilities Construction
      • Outlook
        • Table Figure 20: Denmark, Energy and Utilities Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 21: Denmark, Energy and Utilities Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 22: Denmark, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018-2023
        • Table Denmark, Top Energy and Utilities Construction Projects by Value
    • Institutional Construction
      • Outlook
        • Table Figure 23: Denmark, Institutional Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 24: Denmark, Institutional Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 25: Denmark, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018- 2023
        • Table Denmark, Top Institutional Construction Projects by Value
    • Residential Construction
      • Outlook
        • Table Figure 26: Denmark, Residential Construction Output by Project Type (DKK Million), 2014-2023
      • Project analytics
        • Table Figure 27: Denmark, Residential Construction Projects Pipeline, Value by Stage (DKK Million)
        • Table Figure 28: Denmark, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (DKK Million), 2018- 2023
        • Table Denmark, Top Residential and Mixed-Use Construction Projects by Value
  • Key Industry Participants
    • Contractors
      • Table Denmark, Key Contractors
      • Table Figure 29: Denmark, Headquarters of Foreign Contractors (% of Total Project Pipeline)
      • Table Figure 30: Denmark, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
    • Consultants
      • Table Denmark, Key Consultants
      • Table Figure 31: Denmark, Headquarters of Key Consultants (% of Total Project Pipeline)
      • Table Figure 32: Denmark, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
  • Appendix
    • What is this Report About?
    • Definitions
      • Table GlobalData Construction Market Definitions
      • Table Construction Risk Index Ratings and Scores
  • About GlobalData
    • GlobalData at a Glance
      • Table Figure 33: GlobalData at a Glance
    • GlobalData Construction
    • Disclaimer
    • Contact Us

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