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Construction in Denmark – Key Trends and Opportunities to 2021

Construction in Denmark – Key Trends and Opportunities to 2021

Synopsis

Construction activity in Denmark was weak in 2012 and 2013, following the financial crisis and economic slowdown, which resulted in a deteriorating business environment. Weak investor and consumer confidence, a large budget deficit and low investment reduced infrastructure construction activity during 2012–2013. However, the Danish construction industry rebounded in 2014, registering growth rate of 2.8% in real terms, and its recovery continued in 2016, due to improvements in economic conditions and business confidence with 4.7% growth in real terms in 2016.

The industry’s growth over the forecast period (2017–2021) is expected to be marginally slower than in the prior five years, and will be driven by public and private sector investments in infrastructure, residential and energy projects, and improvement in consumer and investor confidence. The focus on the development of transport infrastructure and energy infrastructure – with a particular emphasis on rail and renewable energy infrastructure – will be a key growth driver. The government aims to generate 100% of electricity from renewable sources by 2035 – particularly 50.0% from wind energy by 2020 – which is expected to drive public and private sector investments in various renewable energy infrastructure projects over the forecast period.

Summary

Timetric’s Construction in Denmark – Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Danish construction industry
  • Profiles of the leading operators in the Danish construction industry
Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides:
  • Historical (2012–2016) and forecast (2017–2021) valuations of the construction industry in Denmark using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Detailed profiles of the leading construction companies in Denmark
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • According to Timetric, residential construction will remain the largest sector, forecast to account for 43.1% of the industry’s total value in 2021. The predicted CAGR of 4.56% over the forecast period is expected to be driven by negative interest rates and an increase in new building permits coupled with urbanization and population growth.
  • Timetric expects the infrastructure construction market to grow at a forecast-period CAGR of 2.25% in nominal terms, driven by government investment in transport infrastructure, including plans to invest DKK110.3 billion (US$19.7 billion) by 2030 to expand the country’s rail network.
  • The government’s efforts to increase renewable energy production – with a particular emphasis on wind energy – are expected to support funding in renewable energy infrastructure projects. The government aims to generate 100% of the country’s total electricity demand through renewable sources by 2035.
  • In September 2017, the Danish Parliament approved a revised draft of the Togfond program, under which income generated from the sale of North Sea oil will be used to fund a substantial investment in the main rail network. This will support the expansion of infrastructure construction over the forecast period.
  • The aging population is expected to drive spending on healthcare buildings over the forecast period. According to the United Nations Department of Economic and Social Affairs (UNDESA), the percentage of the population aged 60 or older will rise from 24.8% in 2015 to 26.2% in 2020, and to 27.8% by 2025.


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Danish Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Construction Output by Project Type (DKK Million), 2016-2021
      • Construction output by cost type
        • Table Danish Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Construction Output by Cost Type (DKK Million), 2016-2021
      • Construction output by activity type
        • Table Danish Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Construction Output by Activity Type (DKK Million), 2016-2021
      • Construction value add by project type
        • Table Danish Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Construction Value Add by Project Type (DKK Million), 2016-2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Danish Commercial Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Commercial Construction Output by Project Type (DKK Million), 2016-2021
      • Commercial construction output by cost type
        • Table Danish Commercial Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Commercial Construction Output by Cost Type (DKK Million), 2016-2021
      • Commercial construction output by activity type
        • Table Danish Commercial Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Commercial Construction Output by Activity Type (DKK Million), 2016-2021
      • Commercial construction value add by project type
        • Table Danish Commercial Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Commercial Construction Value Add by Project Type (DKK Million), 2016-2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Danish Industrial Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Industrial Construction Output by Project Type (DKK Million), 2016-2021
      • Industrial construction output by cost type
        • Table Danish Industrial Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Industrial Construction Output by Cost Type (DKK Million), 2016-2021
      • Industrial construction output by activity type
        • Table Danish Industrial Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Industrial Construction Output by Activity Type (DKK Million), 2016-2021
      • Industrial construction value add by project type
        • Table Danish Industrial Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Industrial Construction Value Add by Project Type (DKK Million), 2016-2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Danish Infrastructure Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Infrastructure Construction Output by Project Type (DKK Million), 2016-2021
      • Infrastructure construction output by cost type
        • Table Danish Infrastructure Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Infrastructure Construction Output by Cost Type (DKK Million), 2016-2021
      • Infrastructure construction output by activity type
        • Table Danish Infrastructure Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Infrastructure Construction Output by Activity Type (DKK Million), 2016-2021
      • Infrastructure construction value add by project type
        • Table Danish Infrastructure Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Infrastructure Construction Value Add by Project Type (DKK Million), 2016-2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Danish Energy and Utilities Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Energy and Utilities Construction Output by Project Type (DKK Million), 2016-2021
      • Energy and utilities construction output by cost type
        • Table Danish Energy and Utilities Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Energy and Utilities Construction Output by Cost Type (DKK Million), 2016-2021
      • Energy and utilities construction output by activity type
        • Table Danish Energy and Utilities Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Energy and Utilities Construction Output by Activity Type (DKK Million), 2016-2021
      • Energy and utilities construction value add by project type
        • Table Danish Energy and Utilities Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Energy and Utilities Construction Value Add by Project Type (DKK Million), 2016-2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Danish Institutional Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Institutional Construction Output by Project Type (DKK Million), 2016-2021
      • Institutional construction output by cost type
        • Table Danish Institutional Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Institutional Construction Output by Cost Type (DKK Million), 2016-2021
      • Institutional construction output by activity type
        • Table Danish Institutional Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Institutional Construction Output by Activity Type (DKK Million), 2016-2021
      • Institutional construction value add by project type
        • Table Danish Institutional Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Institutional Construction Value Add by Project Type (DKK Million), 2016-2021
    • Residential Construction
      • Residential construction output by project type
        • Table Danish Residential Construction Output by Project Type (DKK Million), 2012-2016
        • Table Danish Residential Construction Output by Project Type (DKK Million), 2016-2021
      • Residential construction output by cost type
        • Table Danish Residential Construction Output by Cost Type (DKK Million), 2012-2016
        • Table Danish Residential Construction Output by Cost Type (DKK Million), 2016-2021
      • Residential construction output by activity type
        • Table Danish Residential Construction Output by Activity Type (DKK Million), 2012-2016
        • Table Danish Residential Construction Output by Activity Type (DKK Million), 2016-2021
      • Residential construction value add by project type
        • Table Danish Residential Construction Value Add by Project Type (DKK Million), 2012-2016
        • Table Danish Residential Construction Value Add by Project Type (DKK Million), 2016-2021
  • Company Profile: Per Aarsleff Holding AS
    • Per Aarsleff Holding AS - Company Overview
      • Table Per Aarsleff Holding AS, Key Facts
    • Per Aarsleff Holding AS - Business Description
    • Per Aarsleff Holding AS - Main Services
      • Table Per Aarsleff Holding AS, Main Services
    • Per Aarsleff Holding AS - History
      • Table Per Aarsleff Holding AS, History
    • Per Aarsleff Holding AS - Company Information
      • Per Aarsleff Holding AS - key competitors
      • Per Aarsleff Holding AS - key employees
        • Table Per Aarsleff Holding AS, Key Employees
  • Company Profile: MT Hojgaard AS
    • MT Hojgaard AS - Company Overview
      • Table MT Hojgaard AS, Key Facts
    • MT Hojgaard AS - Business Description
    • MT Hojgaard AS - Main Services
      • Table MT Hojgaard AS, Main Services
    • MT Hojgaard AS - History
      • Table MT Hojgaard AS, History
    • MT Hojgaard AS - Company Information
      • MT Hojgaard AS - key competitors
      • MT Hojgaard AS - key employees
        • Table MT Hojgaard AS, Key Employees
  • Company Profile: Arkil Holding AS
    • Arkil Holding AS - Company Overview
      • Table Arkil Holding AS, Key Facts
    • Arkil Holding AS - Business Description
    • Arkil Holding AS - Main Products and Services
      • Table Arkil Holding AS, Main Products and Services
    • Arkil Holding AS - History
      • Table Arkil Holding AS, History
    • Arkil Holding AS - Company Information
      • Arkil Holding AS - key competitors
      • Arkil Holding AS - key employees
        • Table Arkil Holding AS, Key Employees
  • Company Profile: Hoejgaard Holding AS
    • Hoejgaard Holding AS - Company Overview
      • Table Hoejgaard Holding AS, Key Facts
    • Hoejgaard Holding AS - Business Description
    • Hoejgaard Holding AS - Main Services
      • Table Hoejgaard Holding AS, Main Services
    • Hoejgaard Holding AS - History
      • Table Hoejgaard Holding AS, History
    • Hoejgaard Holding AS - Company Information
      • Hoejgaard Holding AS - key competitors
      • Hoejgaard Holding AS - key employees
        • Table Hoejgaard Holding AS, Key Employees
  • Company Profile: NCC Construction Danmark AS
    • NCC Construction Danmark AS - Company Overview
      • Table NCC Construction Danmark AS, Key Facts
    • NCC Construction Danmark AS - Main Products and Services
      • Table NCC Construction Danmark AS, Main Products and Services
    • NCC Construction Danmark AS - History
      • Table NCC Construction Danmark AS, History
    • NCC Construction Danmark AS - Company Information
      • NCC Construction Danmark AS - key competitors
      • NCC Construction Danmark AS - key employees
        • Table NCC Construction Danmark AS, Key Employees
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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