The turnover in the Specialized Construction Activities sector in Denmark has shown a consistent upward trend based on historical data. From a value of 116.07 billion Danish Krones in 2013, it increased steadily to 189.71 billion Danish Krones in 2023.
Year-on-year growth has varied, with notable increases in 2017 (7.48%) and 2015 (6.51%). The Compound Annual Growth Rate (CAGR) over the last five-year period up to 2023 stood at 3.65%, indicating a healthy expansion trajectory.
Looking to the future, forecasts predict continued growth, albeit at a slower pace, with a projected CAGR of 1.93% from 2024 to 2028. This suggests a more moderate but still positive outlook for the sector.
Future trends to watch for:
- Technological advancements impacting construction processes.
- Increased focus on sustainable and green building practices.
- Potential economic fluctuations affecting investment in construction activities.