The turnover of building projects developments in Denmark has witnessed a consistent upward trajectory from 2013 to 2023, starting at 498.9 million euros in 2013 and reaching 2490 million euros in 2023. This represents a consistent increase, with notable spikes in 2014, 2015, and 2016, indicating robust growth periods. The year-on-year percentage saw its most significant rise in 2016 at 31.33%, gradually stabilizing to 8.02% in 2023. The compound annual growth rate (CAGR) over the last five years was relatively moderate at 12.34%.
Looking forward, forecasts from 2024 to 2028 predict a continued increase in turnover, albeit at a slower pace, with a forecasted CAGR of 4.09%. By 2028, the turnover is expected to hit 3250 million euros, representing a 22.2% increase over five years. Future trends to watch for include potential impacts of economic policies, technological advancements in construction, and fluctuations in demand driven by demographic changes.
