Summary

Construction sector is one of the largest industries in Denmark. The construction industry in Denmark contributes approximately 11% of the GDP. Nearly one-fourth of employment in the private sector is in the construction sector. Earlier in the decade, construction sector showed negative growth. It recovered gradually and has grown at a steady pace since 2005. In 2007 the construction sector value was US$36.5 billion and reduced to US$34.6 billion in 2008. The Danish economy experienced a decline of approximately 1.5% in 2008. In 2008, the Danish market witnessed a slowdown as a result of capacity pressures and increase in the wages leading to low productivity in the construction sector. The residential construction segment in 2008, which accounted for 33.2% of the total construction market value, declined in 2008 compared to 2007 because of the sinking demand for new homes. In 2009, only 16,000 homes are expected to be newly under construction, as the market for new homes is saturated after the two record years in 2005 and 2006 that led to the construction sector growing by 5.6% and 8.8% respectively. Comparatively, the non-residential construction that contributed 66.8% to the total construction market value fared well in 2008 mainly due to the demand from new office and trade buildings. Industrial construction occupies a smaller sub-segment in Danish non-residential construction. One of the main drivers for the construction sector in Denmark since July 2007 is a reform of the country¡¯s administration that led to a continuous growth of public building construction. Another reason was that by 2015, public buildings have to meet the demands at an energy level of 1.

Table of Contents

Denmark Construction Market Analysis
Denmark Construction Competitive Landscape
Leading Denmark Construction Companies
Denmark Construction Market Forecast
Appendix