Sweden Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2029 (H2 2025)

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Published: December 30, 2025 Report Code: GDCN1773MR-ST

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The construction industry in Sweden is expected to have contracted by 2.6% in real terms in 2025, owing to falling building permits, rising construction material costs, and rising energy prices. Residential construction sector remained the most affected sector, owing to low investor confidence, with significant year-on-year (Y-o-Y) declines in building permits. According to Statistiska Central Byrån (SCB), the total number of building permits approved fell by 9.3% YoY in Q3 2025, preceded by a Y-o-Y decline of 0.4% in Q2 and a growth of 10.9% in Q1 2025. The construction industry’s value add fell by 3.7% YoY in Q3 2025, preceded by a Y-o-Y decline of 4.6% in Q2 and 6.7% in Q1 2025, according to the SCB. Moreover, the country's unfavourable economic climate is expected to cause delays, cancellations, and cost overruns in major construction projects. In April 2025, Trafikverket, Sweden’s infrastructure manager cancelled the procurement process for contracts in Vagnhärad and Skavsta located on the Sweden’s East Link project (Ostlänken).

GlobalData expects the construction industry in Sweden to recover at an average annual rate of 4.2% from 2026 to 2029, driven by investments in electricity transmission, and renewable energy projects. The government aims to produce 65% of its electricity from renewable sources by 2030 and achieve 100% fossil-free electricity production by 2040. In line with this, in September 2025, Sweden’s government announced a plan to provide loans worth SEK220 billion ($21 billion) to companies to build nuclear reactors in the Scandinavian country. Government also plans to construct two new nuclear reactors by 2035 and 10 new reactors by 2045. The industry’s growth over the forecast period will also be supported by the government’s Grid Development Plan for 2024–2033, launched by Svenska kraftnät, Sweden’s state-owned electricity transmission operator, in February 2024. Under the plan, the government aims to construct 1,500km of new transmission lines and 30 substations by 2033, alongside upgrades to over 2,500km of existing lines and nearly half of the country's substations. In another boost to the industry, in October 2024, the government announced the National Infrastructure Plan (2026-2037), under which, the government plans to invest SEK354 billion ($33.5 billion) for road infrastructure projects and SEK210 billion ($19.9 billion) for rail infrastructure maintenance by 2037.

GlobalData’s Construction in Sweden – Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Swedish construction industry, including:
• The Swedish construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Swedish construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Sweden. It provides –

• Historical (2020–2024) and forecast (2025–2029) valuations of the construction industry in Sweden, featuring details of key growth drivers.

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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 our standardized valuation and forecasting methodologies_x000D_

Assess market growth potential at a micro-level with over 600 time-series data forecasts_x000D_

Understand the latest industry and market trends_x000D_

Formulate and validate business strategies using GlobalData's critical and actionable insight_x000D_

Assess business risks, including cost, regulatory and competitive pressures_x000D_

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Sweden, Key Economic Indicators

Table 3: Sweden, Commercial Construction Output by Project Type (Real % Change), 2020–29

Table 4: Sweden, Top Commercial Construction Projects by Value

Table 5: Sweden, Industrial Construction Output by Project Type (Real % Change), 2020–29

Table 6: Sweden, Top Industrial Construction Projects by Value

Table 7: Sweden, Infrastructure Construction Output by Project Type (Real % Change), 2020-29

Table 8: Sweden, Top Infrastructure Construction Projects by Value

Table 9: Sweden, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29

Table 10: Sweden, Top Energy and Utilities Construction Projects by Value

Table 11: Sweden, Institutional Construction Output by Project Type (Real % Change), 2020-29

Table 12: Sweden, Top Institutional Construction Projects by Value

Table 13: Sweden, Residential Construction Output by Project Type (Real % Change), 2020-29

Table 14: Sweden, Top Residential Construction Projects by Value

Table 15: Sweden, Key Contractors

Table 16: Sweden, Key Consultants

Table 17: Sweden, Construction Output Value (Real, $ Million)

Table 18: Sweden, Construction Output Value (Nominal, SEK Billion)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2023–29

Figure 2: Sweden, Construction Output by Sector (Real % Change), 2023–25 and 2026–29

Figure 3: Sweden, Risk Summary

Figure 4: Sweden, Risk Regional Comparison

Figure 5: Sweden, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29

Figure 6: Sweden, Construction Output Value, by Sector (Real, $ Million), 2020–29

Figure 7: Sweden, Construction Production Value Index (2021=100)

Figure 8: Sweden, Construction Value Add (SEK Million, 2024 Constant Prices)

Figure 9: Sweden, Gross Fixed Capital Formation in Construction Industry (SEK Million, 2024 Constant Prices)

Figure 10: Sweden, Building Permits (Numbers)

Figure 11: Sweden, Construction Confidence Index (2021=100)

Figure 12: Sweden, Construction Projects Momentum Index

Figure 13: Western Europe, Construction Projects Momentum Index

Figure 14: Sweden, Commercial Construction Output by Project Type (Real, $ Million), 2020–29

Figure 15: Sweden, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Sweden, Wholesale and Retail Production Value Index (2021=100)

Figure 17: Sweden, Wholesale Turnover Index (2021=100)

Figure 18: Sweden, Total Floor Area of Office Building Permits Approved (Thousand m2)

Figure 19: Sweden, Total Floor Area of Hotel, Restaurant Buildings Permits Approved (Thousand m2)

Figure 20: Sweden, Industrial Construction Output by Project Type (Real, $ Million), 2020–29

Figure 21: Sweden, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Sweden, Exports (SEK, Million)

Figure 23: Sweden, Manufacturing Production Index (2021=100)

Figure 24: Sweden, Manufacturing Turnover Index (2021=100)

Figure 25: Sweden, Total Floor Area of Permits Approved for Industrial building (in Thousand m2)

Figure 26: Sweden, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29

Figure 27: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Sweden, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29

Figure 29: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Sweden, Electricity, Gas, Steam and Air Conditioning, Water Supply and Waste Value Add (SEK Million, 2024 Constant Prices)

Figure 31: Sweden, Telecommunications Value Add (SEK Million, 2024 Constant Prices)

Figure 32: Sweden, Institutional Construction Output by Project Type (Real, $ Million), 2020-29

Figure 33: Sweden, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Sweden, Human Health Activities Value Add (SEK Million, 2024 Constant Prices)

Figure 35: Sweden, Education Value Add (SEK Million, 2024 Constant Prices)

Figure 36: Sweden, Total Floor Area of Institutional Building Permits Approved (Thousand m2)

Figure 37: Sweden, Residential Construction Output by Project Type (Real, $ Million), 2020-29

Figure 38: Sweden, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Sweden, Number of New Dwellings Starts

Figure 40: Sweden, Total Floor Area of Permits Approved for Dwellings (in Thousand m2)

Figure 41: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 42: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)

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