Over the period from 2013 to 2023, the turnover of building completion and finishing in Denmark has shown a steady upward trend. From 5.67 billion Euros in 2013, it reached 8.98 billion Euros in 2023. The value varied year-to-year with some fluctuations, reflecting overall growth momentum. For example, it experienced significant annual growth in 2015 by 9.16% and sustained 6.87% in 2018. It shows a slowing growth in recent years, with 1.45% increase in 2023, indicating the market is stabilizing.
Regarding the compound annual growth rate (CAGR) over the last five years (2018-2023), it stands at 2.7%, showing a consistent but decelerating trend. In the forecast period up to 2028, the market is expected to grow at a modest CAGR of 1.01%, reaching 9.58 billion Euros. This points towards slower growth amidst market saturation and economic factors.
Future trends to watch for include:
- Technological advancements in building techniques and materials.
- Sustainability practices influencing market dynamics.
- Economic conditions impacting construction demand.
- Regulatory changes in the construction industry.
