Construction in Denmark - Key Trends and Opportunities to 2018, New Report Launched

The Danish construction industry recorded a compound annual growth rate (CAGR) of 1.15% during the review period (2009−2013). Denmark’s economy is heavily dependent on exports, particularly from other European countries. The eurozone crisis and resulting economic uncertainty subsequently adversely impacted the Danish economy. The recession in the country during 2008–2009 was largely a result of the collapse of foreign demand for Danish products, which led to a decline in exports and manufacturing. The Danish construction industry’s output is expected to record a CAGR of 2.71% over the forecast period (2014–2018). This growth will be largely supported by significant public investments in infrastructural, residential and institutional construction.

This 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 type of construction activity
• Analysis of equipment, material and service costs across each project type within the Denmark
• 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.
• Data highlights of the largest construction projects in Denmark

Scope

This report provides a comprehensive analysis of the construction industry in Denmark. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Denmark using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• 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)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Detailed profiles of the leading construction companies in Denmark

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 Publisher's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Highlights

• The Danish construction industry performed weakly due to the financial crisis in 2008–2009 and has continued to struggle. High unemployment, subdued domestic consumption and dwindling exports have resulted in low investments, affecting all construction markets. The forecast-period outlook for construction in the country is more optimistic, owing to signs of improving confidence among consumers and investors.
• Construction value added in nominal terms registered a review-period CAGR of -4.45% to reach DKK73.7 billion (US$84.5 billion) in 2013. Over the forecast period, the construction value added is expected to recover at a CAGR of 1.79%, owing to gradual economic recovery. Over the forecast period, residential construction activities are expected to improve relatively faster than non-residential activities.
• According to a report by the World Bank, life expectancy in Denmark is high, with female life expectancy at 81.4 years and male life expectancy at 76.7 years in 2013. Citizens aged 65 and over accounted for 18.0% of the country’s population in 2013, and this figure is expected to increase further over the forecast period. The increase in life expectancy is expected to support the healthcare buildings category, as more hospitals with modern technology will be required.

• Many regions, such as Odense, Copenhagen, Aalborg, Aarhus and Vallensbæk, have recorded a substantial inflow of foreign nationals. According to Statistics Denmark, the number of foreign nationals increased to 53,429 from the fourth quarter of 2012 to the third quarter of 2013. This has been a major concern for both the government and city councils who have tried to provide housing facilities to all foreign nationals. It has, however, resulted in a housing shortage. Several residential construction projects are in progress to overcome this problem, such as new housing districts in Nordhavn harbour to accommodate 40,000 residents, and a new residential complex in Aarhus to house 25,000 residents.
• Demand for hotel rooms in major cities, such as Copenhagen and Aarhus and metro cities is comparatively higher than in other cities in the country. The average hotel occupancy rate in Denmark rose from 51.0% in 2010 to 54.0% in 2012. Midscale hotels had the highest occupancy rate of 55.0% in 2012, followed by luxury hotels with 54.0%. The leisure and hospitality buildings construction category is expected to progress at an impressive rate, due to the steady rise in tourism.
• One of the largest and most prominent turnkey projects for infrastructural development in Denmark is the development of a new metro line in Copenhagen. In 2009, the government announced the construction of its DKK21.3 billion (US$4.0 billion) metro network. Construction work commenced in 2011. It is projected to be completed by 2018 and will be built in phases. The metro will transport approximately 130 million passengers annually and will comprise 69 stations, along with 15.5km of underground rail lines.

Spanning over 72 pages, 82 tables, 31 figures, “Construction in Denmark - Key Trends and Opportunities to 2018” report covering the Market Overview, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction, Company Profile: Højgaard Holding a/s, Company Profile: MT Højgaard a/s, Company Profile: Per Aarsleff A/S, Company Profile: DP CleanTech Group Ltd, Company Profile: NCC Construction Danmark A/S, Market Data Analysis, Appendix. The report covered 5 companies - Højgaard Holding a/s, MT Højgaard a/s, Per Aarsleff A/S, DP CleanTech Group Ltd, NCC Construction Danmark A/s.

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