Forecast: Production in Specialized Construction Activities Sector in Denmark

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.

Top Countries about Heavy Construction