Denmark Construction Market: Industry Analysis and Forecast (2024-2030) by Technology, Application, Type, and Region

Denmark Construction Market Overview:

The construction market is made up of entities that construct structures or engineering projects (organisations, single traders, and partnerships) (for example, highways and utility systems). This sector includes businesses that prepare sites for new development and those who subdivide land for sale as building sites. New construction, additions, changes, maintenance, and repairs are all part of the construction market.

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Increasing government spending on sustainable infrastructure development, as well as continuing to invest in energy-efficient and environmentally sustainable assets, is boosting market demand for Danish construction firms. The government also supports businesses that prioritise technology developments and standardise modern construction processes. Globally, changes in industrialization and urbanisation are driving demand for client-driven Construction operations, as well as investment in railways, roads, ports, power transmission, and water utilities. The Danish Construction market is seeing increased demand for Building Information Modelling, Modular construction, and building materials. Between 2021 and 2027, global construction expansion is expected to expand at a CAGR of 6%.

Denmark Construction Market Dynamics:

One of Denmark's main tactics for boosting economic growth is to invest in large-scale infrastructure projects. Construction spending will rise as the government works to upgrade the country's infrastructure in order to sustain manufacturing growth and increase municipal utilities. Rising personal income levels, household expansion, and population migration from rural to urban areas will exacerbate the country's demand for improved construction facilities and road infrastructure. Increasing public investment in Denmark's commercial building sectors will be a significant market opportunity for construction enterprises. Strong FDI (foreign direct investment) inflows are resulting from the country's large customer base. Increasing investments in the real estate and infrastructure industries also leads to an increase in building activity.

Rising Infrastructure Investments in Renewable Energy – The construction industry is likely to be driven by fast expansion in investments in renewable power generation capacity throughout the forecast period. Many power producing businesses are putting money into renewable energy sources. For example, in December 2017, EDF Energy announced a €25 billion investment in solar power infrastructure. Furthermore, governments around the world are pushing renewable energy sources by providing incentives and subsidies to enterprises that generate renewable energy. The Australian government awarded wind power generators $600 million in subsidies. This is likely to increase demand for construction company services, propelling the market forward throughout the forecast period.

To increase construction site safety, organisations are implementing digital technologies such as augmented reality (AR), virtual reality (VR), and wearables. Construction supervisors can see jobsite conditions in a simulated environment using VR and AR. They can also be used to instruct people in a controlled environment on how to operate heavy equipment safely. Wearables can follow workers in the field to keep them safe from hazards on the job and other potential injuries. Non-invasive blood oxygen monitors are used in new safety equipment like carbon monoxide-detecting headgear to alert employees in locations with high carbon monoxide emissions. Oculus Rift VR headsets are being used by New South Construction Company in Atlanta for project imagery and worker safety.

Health And Safety Measures - In the construction sector, health and safety has always been a big concern. Working at heights, in confined spaces, underground, and in close proximity to falling debris, as well as manually moving loads, handling hazardous materials, and being exposed to live electric cables, are all regular activities for construction workers. Hazards to safety and health have a detrimental influence on the building business, serving as a market restraint.

Denmark Construction Market Segment Analysis:

By Type, Denmark Construction Market is segmented by commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction and residential construction. Leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial development are among the most common project types in Denmark's commercial construction industry. Despite the COVID-19 pandemic's detrimental influence on investor confidence in the commercial sector, overall commercial construction output increased in 2023, with a severe reduction in leisure and hospitality buildings compensated by increases in other areas. Chemical and pharmaceutical facilities, manufacturing plants, metal and material production and processing plants, and waste processing plants are among the most common project types in the Danish industrial building industry. Rail infrastructure, road infrastructure, and other infrastructure projects are the most common project types in the infrastructure building sector in Denmark. Electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure are the most common project types in Denmark's energy and utilities construction sector. Educational buildings, hospital buildings, institutional buildings, research facilities, and religious structures are among the most common project types in the Danish institutional construction sector. Single-family housing and multi-family housing are the most common project types in the Danish residential construction industry. The government's aim to build more affordable housing will continue to be supported. After a strong year in 2021, housing sales may slow due to rising prices.

By End-User, Denmark Construction Market is segmented by Public and Private. The Private End-User segment is expected to dominate the Denmark Construction. Market. The public end-user segment is expected to grow at the quickest rate in the end-user sector market, with a CAGR of 5.7 percent from 2024 to 2030.

The objective of the report is to present a comprehensive analysis of the Denmark Construction market to the stakeholders in the industry. The report provides trends that are most dominant in the Denmark Construction market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Denmark Construction Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Denmark Construction market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Denmark Construction market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Denmark Construction market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Denmark Construction market. The report also analyses if the Denmark Construction market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Denmark Construction market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Denmark Construction market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Denmark Construction market is aided by legal factors.

Denmark Construction Market Scope

Denmark Construction Market Key Players

• MerweOord BV
• Per Aarsleff Holding AS
• Vinci SA
• Royal Boskalis Westminster NV
• Actividades de Construccion y Servicios SA
• Barslund AS
• Royal BAM Group NV
• Ackermans & van Haaren
• NCC Construction Danmark AS
• Gustav H. Christensen AS.