Construction in Denmark - Key Trends and Opportunities to 2018

Published: Apr, 2014 | Pages: 72 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
This report provides detailed market analysis, information and insights into the Danish construction industry including:
The Danish construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within the Denmark
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Danish construction industry
Profiles of the leading operators in the Danish construction industry.
Data highlights of the largest construction projects in Denmark

Summary
The Danish construction industry recorded a compound annual growth rate (CAGR) of 1.15% during the review period (2009?2013). Denmark's economy is heavily dependent on exports, particularly from other European countries. The eurozone crisis and resulting economic uncertainty subsequently adversely impacted the Danish economy. The recession in the country during 2008-2009 was largely a result of the collapse of foreign demand for Danish products, which led to a decline in exports and manufacturing. The Danish construction industry's output is expected to record a CAGR of 2.71% over the forecast period (2014-2018). This growth will be largely supported by significant public investments in infrastructural, residential and institutional construction.
Scope
This report provides a comprehensive analysis of the construction industry in Denmark. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Denmark using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in Denmark
Reason To Buy
Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
Key Highlights
The Danish construction industry performed weakly due to the financial crisis in 2008-2009 and has continued to struggle. High unemployment, subdued domestic consumption and dwindling exports have resulted in low investments, affecting all construction markets. The forecast-period outlook for construction in the country is more optimistic, owing to signs of improving confidence among consumers and investors.
Construction value added in nominal terms registered a review-period CAGR of -4.45% to reach DKK73.7 billion (US$84.5 billion) in 2013. Over the forecast period, the construction value added is expected to recover at a CAGR of 1.79%, owing to gradual economic recovery. Over the forecast period, residential construction activities are expected to improve relatively faster than non-residential activities.
According to a report by the World Bank, life expectancy in Denmark is high, with female life expectancy at 81.4 years and male life expectancy at 76.7 years in 2013. Citizens aged 65 and over accounted for 18.0% of the country's population in 2013, and this figure is expected to increase further over the forecast period. The increase in life expectancy is expected to support the healthcare buildings category, as more hospitals with modern technology will be required.
Many regions, such as Odense, Copenhagen, Aalborg, Aarhus and Vallensbaek, have recorded a substantial inflow of foreign nationals. According to Statistics Denmark, the number of foreign nationals increased to 53,429 from the fourth quarter of 2012 to the third quarter of 2013. This has been a major concern for both the government and city councils who have tried to provide housing facilities to all foreign nationals. It has, however, resulted in a housing shortage. Several residential construction projects are in progress to overcome this problem, such as new housing districts in Nordhavn harbour to accommodate 40,000 residents, and a new residential complex in Aarhus to house 25,000 residents.
Demand for hotel rooms in major cities, such as Copenhagen and Aarhus and metro cities is comparatively higher than in other cities in the country. The average hotel occupancy rate in Denmark rose from 51.0% in 2010 to 54.0% in 2012. Midscale hotels had the highest occupancy rate of 55.0% in 2012, followed by luxury hotels with 54.0%. The leisure and hospitality buildings construction category is expected to progress at an impressive rate, due to the steady rise in tourism.
One of the largest and most prominent turnkey projects for infrastructural development in Denmark is the development of a new metro line in Copenhagen. In 2009, the government announced the construction of its DKK21.3 billion (US$4.0 billion) metro network. Construction work commenced in 2011. It is projected to be completed by 2018 and will be built in phases. The metro will transport approximately 130 million passengers annually and will comprise 69 stations, along with 15.5km of underground rail lines.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: HOjgaard Holding a/s
8.1 HOjgaard Holding a/s - Company Overview
8.2 HOjgaard Holding a/s - Business Description
8.3 HOjgaard Holding a/s - Main Services
8.4 HOjgaard Holding a/s - History
8.5 HOjgaard Holding a/s - Company Information
8.5.1 HOjgaard Holding a/s - key competitors
8.5.2 HOjgaard Holding a/s - key employees
9 Company Profile: MT HOjgaard a/s
9.1 MT HOjgaard a/s - Company Overview
9.2 MT HOjgaard a/s - Main Services
9.3 MT HOjgaard a/s - Company Information
9.3.1 MT HOjgaard a/s - key competitors
9.3.2 MT HOjgaard a/s - key employees
10 Company Profile: Per Aarsleff A/S
10.1 Per Aarsleff A/S - Company Overview
10.2 Per Aarsleff A/S - Business Description
10.3 Per Aarsleff A/S - Main Services
10.4 Per Aarsleff A/S - History
10.5 Per Aarsleff A/S - Company Information
10.5.1 Per Aarsleff A/S - key competitors
10.5.2 Per Aarsleff A/S - key employees
11 Company Profile: DP CleanTech Group Ltd
11.1 DP CleanTech Group Ltd - Company Overview
11.2 DP CleanTech Group Ltd - Main Services
11.3 DP CleanTech Group Ltd - Company Information
11.3.1 DP CleanTech Group Ltd - key competitors
11.3.2 DP CleanTech Group Ltd - key employees
12 Company Profile: NCC Construction Danmark A/S
12.1 NCC Construction Danmark A/S - Company Overview
12.2 NCC Construction Danmark A/S - Main Products and Services
12.3 NCC Construction Danmark A/S - Company Information
12.3.1 NCC Construction Danmark A/S - key competitors
12.3.2 NCC Construction Danmark A/S - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is This Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - Nordea - Orestad New Headquarters Building - Copenhagen
Table 3: Commercial Construction Project 2 - CPHX - Copenhagen Indoor Are - Denmark
Table 4: Commercial Construction Project 3 - Lidl - Koge Distribution Centre - Denmark
Table 5: Industrial Construction Project 1 - MEC - Maabjerg Bio-Ethanol Production Plant - Denmark
Table 6: Industrial Construction Project 2 - NVO - Bagsvaerd Purification Plant - Denmark
Table 7: Industrial Construction Project 3 - AFI - Arla Videbaek Lactose Manufacturing Plant - Jutland
Table 8: Infrastructure Construction Project 1 - Metroselskabet - Copenhagen Metro Rail Development - Denmark
Table 9: Infrastructure Construction Project 2 - Transportministeriet - Copenhagen Harbour Tunnel - Denmark
Table 10: Infrastructure Construction Project 3 - MoT - New Central Jutland Motorway - Denmark
Table 11: Institutiol Construction Project 1 - CDRC - DNV Godstrup Regiol Hospital Development - Herning
Table 12: Institutiol Construction Project 2 - Region Syddanmark - Aabenraa Hospital of Southern Jutland Expansion - Denmark
Table 13: Institutiol Construction Project 3 - ACC/Realdania - Aarhus Urban Mediaspace Development - Denmark
Table 14: Residential Construction Project 1 - MoA - Lisbjerg Residential Development - Denmark
Table 15: Residential Construction Project 2 - Marmormolen - Copenhagen Housing Development - Denmark
Table 16: Residential Construction Project 3 - KPSI - Aarhus Island Cal Houses - Denmark
Table 17: HOjgaard Holding a/s, Key Facts
Table 18: HOjgaard Holding a/s, Main Services
Table 19: HOjgaard Holding a/s, History
Table 20: HOjgaard Holding a/s, Key Employees
Table 21: MT HOjgaard a/s, Key Facts
Table 22: MT HOjgaard a/s, Main Services
Table 23: MT HOjgaard a/s, Key Employees
Table 24: Per Aarsleff A/S, Key Facts
Table 25: Per Aarsleff A/S, Main Services
Table 26: Per Aarsleff A/S, History
Table 27: Per Aarsleff A/S, Key Employees
Table 28: DP CleanTech Group Ltd, Key Facts
Table 29: DP CleanTech Group Ltd, Main Services
Table 30: DP CleanTech Group Ltd, Key Employees
Table 31: NCC Construction Danmark A/S, Key Facts
Table 32: NCC Construction Danmark A/S, Main Products and Services
Table 33: NCC Construction Danmark A/S, Key Employees
Table 34: Danish Construction Output by Project Type (DKK Million), 2009-2013
Table 35: Danish Construction Output by Project Type (DKK Million), 2013-2018
Table 36: Danish Construction Output by Cost Type (DKK Million), 2009-2013
Table 37: Danish Construction Output by Cost Type (DKK Million), 2013-2018
Table 38: Danish Construction Output by Activity Type (DKK Million), 2009-2013
Table 39: Danish Construction Output by Activity Type (DKK Million), 2013-2018
Table 40: Danish Construction Value Add by Project Type (DKK Million), 2009-2013
Table 41: Danish Construction Value Add by Project Type (DKK Million), 2013-2018
Table 42: Danish Commercial Construction Output by Project Type (DKK Million), 2009-2013
Table 43: Danish Commercial Construction Output by Project Type (DKK Million), 2013-2018
Table 44: Danish Commercial Construction Output by Cost Type (DKK Million), 2009-2013
Table 45: Danish Commercial Construction Output by Cost Type (DKK Million), 2013-2018
Table 46: Danish Commercial Construction Output by Activity Type (DKK Million), 2009-2013
Table 47: Danish Commercial Construction Output by Activity Type (DKK Million), 2013-2018
Table 48: Danish Commercial Construction Value Add by Project Type (DKK Million), 2009-2013
Table 49: Danish Commercial Construction Value Add by Project Type (DKK Million), 2013-2018
Table 50: Danish Industrial Construction Output by Project Type (DKK Million), 2009-2013
Table 51: Danish Industrial Construction Output by Project Type (DKK Million), 2013-2018
Table 52: Danish Industrial Construction Output by Cost Type (DKK Million), 2009-2013
Table 53: Danish Industrial Construction Output by Cost Type (DKK Million), 2013-2018
Table 54: Danish Industrial Construction Output by Activity Type (DKK Million), 2009-2013
Table 55: Danish Industrial Construction Output by Activity Type (DKK Million), 2013-2018
Table 56: Danish Industrial Construction Value Add by Project Type (DKK Million), 2009-2013
Table 57: Danish Industrial Construction Value Add by Project Type (DKK Million), 2013-2018
Table 58: Danish Infrastructure Construction Output by Project Type (DKK Million), 2009-2013
Table 59: Danish Infrastructure Construction Output by Project Type (DKK Million), 2013-2018
Table 60: Danish Infrastructure Construction Output by Cost Type (DKK Million), 2009-2013
Table 61: Danish Infrastructure Construction Output by Cost Type (DKK Million), 2013-2018
Table 62: Danish Infrastructure Construction Output by Activity Type (DKK Million), 2009-2013
Table 63: Danish Infrastructure Construction Output by Activity Type (DKK Million), 2013-2018
Table 64: Danish Infrastructure Construction Value Add by Project Type (DKK Million), 2009-2013
Table 65: Danish Infrastructure Construction Value Add by Project Type (DKK Million), 2013-2018
Table 66: Danish Institutiol Construction Output by Project Type (DKK Million), 2009-2013
Table 67: Danish Institutiol Construction Output by Project Type (DKK Million), 2013-2018
Table 68: Danish Institutiol Construction Output by Cost Type (DKK Million), 2009-2013
Table 69: Danish Institutiol Construction Output by Cost Type (DKK Million), 2013-2018
Table 70: Danish Institutiol Construction Output by Activity Type (DKK Million), 2009-2013
Table 71: Danish Institutiol Construction Output by Activity Type (DKK Million), 2013-2018
Table 72: Danish Institutiol Construction Value Add by Project Type (DKK Million), 2009-2013
Table 73: Danish Institutiol Construction Value Add by Project Type (DKK Million), 2013-2018
Table 74: Danish Residential Construction Output by Project Type (DKK Million), 2009-2013
Table 75: Danish Residential Construction Output by Project Type (DKK Million), 2013-2018
Table 76: Danish Residential Construction Output by Cost Type (DKK Million), 2009-2013
Table 77: Danish Residential Construction Output by Cost Type (DKK Million), 2013-2018
Table 78: Danish Residential Construction Output by Activity Type (DKK Million), 2009-2013
Table 79: Danish Residential Construction Output by Activity Type (DKK Million), 2013-2018
Table 80: Danish Residential Construction Value Add by Project Type (DKK Million), 2009-2013
Table 81: Danish Residential Construction Value Add by Project Type (DKK Million), 2013-2018
Table 82: Timetric Construction Market Definitions