Sweden Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Sweden Construction Market Report Overview
The Sweden construction market size was $82.3 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The Swedish construction industry is expected to shrink in 2023, mainly due to a sharp drop in the residential sector amid high-interest rates and weak investor sentiment.
Sweden Construction Market Outlook, 2022-2027
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The Sweden construction market research report provides detailed market analysis, information, and insights into the Sweden construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Sweden construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Market Size (2022) | $82.3 billion |
AAGR (2024-2027) | >2% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Leading Contractors | · Skanska AB
· Nordstjernan AB · Peab AB · ABB Ltd · Veidekke ASA · M2 groups AB · Implenia AG · STRABAG SE · DDM Holding AG · China Railway Group Ltd |
Leading Consultants | · Ramboll Group AS
· Sweco AB · AFRY AB · COWI AB · Tyrens · WSP Global Inc · TUV SUD AG · Jacobs Engineering Group UK · SNC-Lavalin Group Inc · RATP Group |
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Sweden Construction Market Segmentation by Sectors
Sweden Construction Market Segmentation by Sectors
The key sectors in the Sweden construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Residential construction was the leading sector in the Sweden construction market in 2022.
Commercial construction: The growth of the commercial construction sector over the forecast period will be supported by an expected improvement in investor and business confidence amid a recovery in economic conditions, as well an anticipated rise in office buildings, outdoor leisure facilities, retail spaces, and logistics centers.
Industrial construction: Output in the industrial sector will be supported by positive trends in manufacturing production and export activities, coupled with investments in the construction of Electric Vehicles (EV) battery manufacturing plants.
Infrastructure construction: The growth of the infrastructure construction sector will be supported by the government’s plan to develop the country’s road and rail infrastructure.
Energy and utilities construction: Forecast-period growth in the energy and utilities sector will be supported by the government’s focus on the development of renewable energy infrastructure, in line with the government’s target of reaching 100% renewable electricity by 2040.
Institutional construction: The growth of the institutional construction sector will be supported by public and private sector investments in the expansion of the country’s healthcare sector, as well as investing in education and research facilities.
Residential construction: The residential sector is expected to pick up growth from 2025, supported by public and private sector investment in affordable housing construction in line with the government’s plan to construct several housing units by 2035.
Sweden Construction Market Analysis by Sectors, 2022 (%)
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Sweden Construction Market - Competitive Landscape
The leading contractors in the Sweden construction market are Skanska AB, Nordstjernan AB, Peab AB, ABB Ltd, Veidekke ASA, M2 groups AB, Implenia AG, STRABAG SE, DDM Holding AG, and China Railway Group Ltd, among others. Skanska AB led the market.
Sweden Construction Market by Contractors, 2022 (%)
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The leading consultants in the Sweden construction market are Ramboll Group AS, Sweco AB, AFRY AB, COWI AB, Tyrens, WSP Global Inc, TUV SUD AG, Jacobs Engineering Group UK, SNC-Lavalin Group Inc, and RATP Group, among others. Ramboll Group AS led the market.
Sweden Construction Market by Consultants, 2022 (%)
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Segments Covered in the Report
Sweden Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Leisure and Hospitality Buildings
- Office Buildings
- Outdoor Leisure Facilities
- Retail Buildings
- Other Commercial Construction
- Industrial Construction
- Chemical and Pharmaceutical Plants
- Manufacturing Plants
- Metal and Material Production and Processing plants
- Waste Processing Plants
- Infrastructure Construction
- Rail Infrastructure
- Road Infrastructure
- Other Infrastructure Projects
- Energy and Utilities Construction
- Electricity and Power
- Oil and Gas
- Telecommunications
- Sewage Infrastructure
- Water Infrastructure
- Institutional Construction
- Educational Buildings
- Healthcare Buildings
- Institutional Buildings
- Research Facilities
- Religious Buildings
- Residential Construction
- Single-Family Housing
- Multi-Family Housing
Scope
This report provides:
- A comprehensive analysis of the construction industry in Sweden.
- Historical and forecast valuations of the construction industry in Sweden, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s 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 strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
Frequently asked questions
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What was the Sweden construction market size in 2022?
The construction market size in Sweden was $82.3 billion in 2022.
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What is the Sweden construction market growth rate?
The construction market in Sweden is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Sweden construction market?
Residential construction was the leading sector in the Sweden construction market in 2022.
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Who are the leading contractors in the Sweden construction market?
The leading contractors in the Sweden construction market are Skanska AB, Nordstjernan AB, Peab AB, ABB Ltd, Veidekke ASA, M2 groups AB, Implenia AG, STRABAG SE, DDM Holding AG, and China Railway Group Ltd, among others.
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Who are the leading consultants in the Sweden construction market?
The leading consultants in the Sweden construction market are Ramboll Group AS, Sweco AB, AFRY AB, COWI AB, Tyrens, WSP Global Inc, TUV SUD AG, Jacobs Engineering Group UK, SNC-Lavalin Group Inc, and RATP Group, among others.
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