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 $84.8 billion in 2022. The market is projected to achieve an AAGR of more than 1% during 2024-2027. Investment in the transport and energy sector will provide some support to overall construction activity. Additionally, over the long term, the government’s allocation under the 10-year transport infrastructure budget for 2022-2033 will also support the construction market growth.
Sweden Construction Market Outlook, 2022-2027 ($ Billion)
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The Sweden construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Sweden construction market growth in the coming years.
Market Size (2022) | $84.8 billion |
AAGR (2024-2027) | >1% |
Forecast Period | 2024-2027 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Skanska AB
· Nordstjernan AB · Peab AB · ABB Ltd · Veidekke ASA |
Key Consultants | · Ramboll Group AS
· Sweco AB · AFRY AB · WSP Global Inc · Tyrens |
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Sweden Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Sweden construction market in 2022
The key sectors in the Sweden construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Investments in office buildings, data centers, retail spaces, and logistics centers will drive the commercial sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. A gradual rebound in manufacturing production and export activities will drive the sector’s growth over the latter part of the forecast period. Investments in the Sweden auto sector will also enhance the growth of the industrial construction market.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government’s plan to develop the country’s road and rail infrastructure will support the sector growth over the forecast period
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on energy infrastructure development will drive the sector growth between 2024 and 2027. There is particular emphasis on the development of wind energy infrastructure.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in educational, research, and healthcare buildings, as well as new projects funded by the European Union (EU) recovery funds will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. An increase in housing demand and investment in affordable housing construction will drive the sector growth 2025 onwards.
Sweden Construction Market Analysis by Sectors, 2022 (%)
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Sweden Construction Market - Competitive Landscape
Skanska AB emerged as the leading contractor and Ramboll Group AS as the leading consultant in the Sweden construction market in 2022
A few of the leading contractors in the Sweden construction market are:
- Skanska AB
- Nordstjernan AB
- Peab AB
- ABB Ltd
- Veidekke ASA
Domestic contractors account for most of the project pipeline in the Sweden construction market.
Sweden Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Sweden construction market are:
- Ramboll Group AS
- Sweco AB
- AFRY AB
- WSP Global Inc
- Tyrens
Consultants with headquarters outside Sweden are involved in most of the project pipeline by value.
Sweden Construction Market Analysis by Consultants, 2022 (%)
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Sweden Construction Market - Latest Developments
- The largest commercial project currently in the pipeline is the Kvarteret Johanna Redevelopment project, which includes redevelopment and expansion of the three-story city block. It includes the construction of the new building, retail space, restaurants, and office space.
- The largest project in the pipeline is the Boden Green Steel Plant project, which involves the construction of a steel manufacturing facility with a capacity of five million tons per annum (MTPA).
Segments Covered in the Report
Sweden Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
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
Table
Figures
Frequently asked questions
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What was Sweden construction market size in 2022?
The construction market size in Sweden was $84.8 billion in 2022.
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What will the Sweden construction market growth rate be during the forecast period?
The construction market in Sweden is projected to achieve an AAGR of more than 1% during 2024-2027.
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Which was the leading sector in the Sweden construction market in 2022?
Residential construction was the leading sector in the Sweden construction market in 2022.
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Which 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, and Veidekke ASA, 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, WSP Global Inc, and Tyrens, among others.
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