Forecast: Production Value of Construction Services in Denmark

The production value of construction services in Denmark stood at 8.71 billion Euros in 2023. Observing historical data from 2013 to 2023, there has been a steady increase in the production value, with notable year-on-year growths such as 10.48% in 2017 and 5.93% in 2016. The last two years showed a slight deceleration in growth rates, with 1.88% in 2022 and 1.81% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was 2.23%, indicating a consistent but moderate growth trend.

Looking into the future from 2024 onwards, the forecast indicates a continued albeit slower growth trajectory, with a projected CAGR of 1.27% over the next five years and an overall growth rate of 6.52% by 2028. This suggests that while the market will continue to expand, the rate of increase will be more modest compared to previous years.

Future trends to watch for:

• Potential market saturation or economic factors impacting growth rates.
• Technological advancements and their adoption within the construction sector.
• Environmental regulations and sustainability initiatives affecting construction practices.