The Specialized Construction Activities sector in Denmark showed steady growth from 2013 to 2023, reaching 202.68 billion Danish Krones in 2023. Over this period, the sector experienced notable year-on-year growth rates, peaking in 2017 with 10.86% and then gradually decreasing to 4.06% in 2023. The cumulative annual growth rate (CAGR) over the last five years stabilized at an average of 4.72%. Notably, from 2024 to 2028, the sector is forecasted to grow at a slower rate, with a forecasted 5-year CAGR of 2.75% and an overall growth rate of 14.52%.
Trends to watch for:
- Potential market saturation, leading to slower growth rates post-2023.
- Technological advancements and automation in specialized construction activities.
- Environmental sustainability influencing construction methods and materials.
- Regulatory changes potentially impacting sector growth positively or negatively.