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Denmark Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published May 12, 2025
SKU # GBDT20067762

Description

Denmark Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

The construction industry in Denmark is estimated to contract in real terms by 0.8% in 2025, owing to high interest rates, weak investor sentiment, elevated costs of construction materials and supply chain disruption. According to Statistics Denmark, the construction cost index for road projects grew by 2.8% year on year (YoY) in 2024, preceded by annual growth of 2% in 2023. As a result, in February 2025, Danish renewable energy company, Orsted announced a 25% cut to its 2030 renewable energy investment program, adjusting its planned spending between DKK210 billion ($30.5 billion) and DKK230 billion ($33.5 billion) for 2024-30 period, down from a previous target of DKK270 billion ($39.3 billion). The decision comes amid mounting challenges in the offshore wind sector, including rising costs, supply chain disruptions, and growing political resistance and uncertainty, amid US President Donald Trump’s, opposition to wind energy.

The industry is expected to register an average annual growth rate of 4% from 2026 to 2029, supported by public and private sector investments in the development of 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. In line with this, in February 2025, government-owned construction companies, the Danish Road Directorate and Banedanmark announced, plan to establish a new double-track, 35km long high-speed railway from Odense West to Kauslunde east of Middelfart. The DKK4.9 billion ($712.7 million) project also includes the construction of 34 new bridges by 2028. Furthermore, in December 2025, a Danish pharmaceutical company, Novo Nordisk, announced its plan to invest DKK8.5 billion ($1.2 billion) for the construction a new production facility in Odense. The new facility and warehouse will be spanning over 40,000m2 and scheduled to be completed by 2027.

GlobalData’s Construction in Denmark - Key Trends and Opportunities to 2029 (H1 2025) 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 (2020-2024) and forecast (2025-2029) 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 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
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
8 About GlobalData
9 Contact Us
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), 2020–29
Table 4: Denmark, Top Commercial Construction Projects by Value
Table 5: Denmark, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Denmark, Top Industrial Construction Projects by Value
Table 7: Denmark, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Denmark, Top Infrastructure Construction Projects by Value
Table 9: Denmark, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Denmark, Top Energy and Utilities Construction Projects by Value
Table 11: Denmark, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Denmark, Top Institutional Construction Projects by Value
Table 13: Denmark, Residential Construction Output by Project Type (Real % Change), 2020-29
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 Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2023–29
Figure 2: Denmark, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Denmark, Risk Summary
Figure 4: Denmark, Risk Regional Comparison
Figure 5: Denmark, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Denmark, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Denmark, Construction Output (DKK Billion, 2020 Chained Prices)
Figure 8: Denmark, Construction Value Add (DKK Billion, 2020 Chained Prices)
Figure 9: Denmark, Construction Turnover, DKK Billion, % Change YoY
Figure 10: Denmark, Construction Production Index (2021=100, % Change YoY)
Figure 11: Denmark, Gross Fixed Capital Formation (DKK Billion, 2020 Chained Prices)
Figure 12: Denmark, New Construction Floor Area Issued (not adjusted for delays), in m2
Figure 13: Denmark, Total Number of People Employed in the Construction Industry (In Thousands)
Figure 14: Denmark, Total Outstanding Domestic Mortgage Loans for the Construction Industry (DKK Billion)
Figure 15: Denmark, Construction Projects Momentum Index
Figure 16: Western Europe, Construction Projects Momentum Index
Figure 17: Denmark, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 18: Denmark, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Denmark, Floor Area of Permits Issued for Hotel, Restaurant, Hairdresser, and Other Services, In m2
Figure 20: Denmark, Retail Trade Value Index (2021=100, % Change YoY)
Figure 21: Denmark, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 22: Denmark, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Denmark, Manufacturing Value Add (DKK Million, 2020 Constant Prices)
Figure 24: Denmark, Industrial and Manufacturing Production Index (2021=100)
Figure 25: Denmark, Total Floor Area of Factory/Workshops Completed (In Thousands m2)
Figure 26: Denmark, Total Floor Area of Factory/Workshops Permits (In Thousands m2)
Figure 27: Denmark, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Denmark, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Denmark, Construction Cost Index for Road Projects, 2015=100
Figure 30: Denmark, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: Denmark, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Denmark, Utility Services Value Add (DKK Million, 2020 Constant Prices)
Figure 33: Denmark, Total Floor Area of Power Stations (in Thousands m2)
Figure 34: Denmark, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 35: Denmark, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Denmark, Total Floor Area of Institutional Building Permits (In m2)
Figure 37: Denmark, Public Administration, Health, and Education Value Add (DKK Billion, 2020 Chained Prices)
Figure 38: Denmark, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 39: Denmark, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Denmark, Total Floor Area of Residential Building Permits (In Thousands m2)
Figure 41: Denmark, Total Number of Residential Building Started (not adjusted for delays)
Figure 42: Denmark, Total Floor Area of Residential Buildings Completed (In Thousands m2)
Figure 43: Denmark, Construction Cost Index for Residential Buildings, 2021=100, % Change YoY
Figure 44: Denmark, House Price Index (2015=100)
Figure 45: Denmark, Dwellings Value Add (DKK Million, 2020 Constant Prices)
Figure 46: Denmark, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 47: Denmark, Headquarters of Key Consultants (% of Total Project Pipeline)

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