Construction in Denmark - Key Trends and Opportunities to 2024

Construction in Denmark - Key Trends and Opportunities to 2024

  • October 2020 •
  • 51 pages •
  • Report ID: 4217059 •
  • Format: PDF
Construction in Denmark - Key Trends and Opportunities to 2024

Summary
Although Denmark was one of the first European countries to impose a lockdown in response to the Coronavirus (COVID-19) pandemic, construction activities held up relatively well, as most of the construction work progressed without much disruption; however, certain projects are expected to face delays and subsequent cost overruns as the pandemic has caused supply chain disruptions, and has led to a shortage of labor in the construction industry. According to Statistics Denmark, the industry’s value-add grew by 3.5% year on year in Q2 2020, and 4% year on year in Q1 2020. The analyst expects the industry to grow by 3.8% in real terms in 2020, supported by investments in infrastructure, energy and utilities, and residential projects. In a positive development, the government suspended the cap on the construction budget provided to municipalities; this will provide some boost to the industry’s output this year. However, a risk for the sector is the recent rise in infections across the country, which could lead to the slowdown of construction activities if containment measures are tightened.

Over the remaining part of the forecast period, the industry is expected to register average annual growth of 2.3% between 2021-2024, supported by improving investor and consumer confidence, and government investments on road, rail, renewable energy, and housing projects. The state-owned company Metroselskabet plans to invest DKK8.1 billion (US$1.2 billion) on M3 Cityring, M4 Nordhavn, and M4 Sydhavn metro projects between 2020-2024. The majority of planned spending, equivalent to DKK6.9 billion (US$1 billion) is expected to be invested on the M4 Sydhavn metro project over the next four years. In addition to the ongoing metro projects, work on the Danish side of the DKK52.6 billion (US$7.6 billion) Fehmarn Belt link project, which is scheduled to begin in 2021, will support the industry’s output in the medium term. In June 2020, the Danish parliament passed the Climate Act, legally binding the government to reach its target of reducing greenhouse gas emissions by 70% over the next ten years; this will attract investment towards renewable energy infrastructure in the long-term.

Construction in Denmark - Key Trends and Opportunities to 2024 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 (2015-2019) and forecast (2020-2024) 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 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.
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