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Sweden Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028

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    Report

  • 48 Pages
  • May 2024
  • Region: Sweden
  • GlobalData
  • ID: 5733409
Description Jump to:

The analyst's Construction in Sweden - Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information, and insights into Sweden’s construction industry, including :

  • Sweden’s 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 Sweden’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
The analyst expects the construction industry in Sweden to fall by 6.1% in real terms in 2024, owing to head winds caused by high inflation, interest rates, and falling building permits. According to the Statistiska Central Byrån (SCB), the total number of building permits issued in the country fell by 41.9% year on year (YoY) in 2023, owing to 50.9% YoY fall in residential building permits issued and 12.1% YoY fall in non-residential building permits issued. Moreover, the country’s average construction production value index fell by 7.1% in the first three months of 2024, preceded by an annual decline of 6% in 2023. Major decline in the residential sector and weakness in commercial sector is likely to weigh on the construction industry's output in 2024.

Over the remainder of the forecast period, the construction industry is expected to recover and record an annual growth rate of 2.2% between 2025 and 2028, supported by investments in infrastructure and housing projects. According to a report commissioned by the city of Stockholm, the greater Stockholm region in the country is expected to undergo major infrastructure construction works worth SEK1.3 trillion ($121.9 billion) scheduled between 2024 and 2040. Of the total, SEK667.7 million ($62.5 billion) will be allocated to housing projects like Stockholm Wood City and Stockholmshusen, and SEK362.1 million ($33.9 billion) for infrastructure projects like Stockholm subway and implementation of the Uppsala light rail. In March 2024, Vattenfall, Sweden state-owned energy company received final environmental permit for the development of Norrbäck and Pauträsk wind farm project in northern Sweden.

Scope

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

  • Historical (2019-2023) and forecast (2024-2028) 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 the analyst'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 the analyst's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

1 Executive Summary2 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
8 About the Analyst9 Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Sweden, Key Economic Indicators
Table 3: Sweden, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Sweden, Top Commercial Construction Projects by Value
Table 5: Sweden, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Sweden, Top Industrial Construction Projects by Value
Table 7: Sweden, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Sweden, Top Infrastructure Construction Projects by Value
Table 9: Sweden, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Sweden, Top Energy and Utilities Construction Projects by Value
Table 11: Sweden, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Sweden, Top Institutional Construction Projects by Value
Table 13: Sweden, Residential Construction Output by Project Type (Real % Change), 2019-28
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 Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2022-28
Figure 2: Sweden, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Sweden, Risk Summary
Figure 4: Sweden, Risk Regional Comparison
Figure 5: Sweden, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Sweden, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Sweden, Construction Production Value Index (2021-100)
Figure 8: Sweden, Construction Value Add (SEK Million, 2022 Constant Prices)
Figure 9: Sweden, Gross Fixed Capital Formation in Construction Industry (SEK Million, 2022 Constant Prices)
Figure 10: Sweden, Building Permits (Numbers)
Figure 11: Sweden, Construction Projects Momentum Index
Figure 12: Western Europe, Construction Projects Momentum Index
Figure 13: Sweden, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: Sweden, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Sweden, Wholesale and Retail Production Value Index (2021=100)
Figure 16: Sweden, Wholesale Turnover Index (2015=100)
Figure 17: Sweden, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 18: Sweden, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Sweden, Exports (SEK, Million)
Figure 20: Sweden, Manufacturing Production Index (2021=100)
Figure 21: Sweden, Manufacturing Turnover Index (2021=100)
Figure 22: Sweden, Total Floor Area of Permits Approved for Industrial building (in Thousand m2)
Figure 23: Sweden, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 24: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Sweden, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Sweden, Electricity, Gas, Steam and Air Conditioning, Water Supply and Waste Value Add (SEK Million, 2022 Constant Prices)
Figure 28: Sweden, Telecommunications Value Add (SEK Million, 2022 Constant Prices)
Figure 29: Sweden, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 30: Sweden, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Sweden, Human Health Activities Value Add (SEK Million, 2022 Constant Prices)
Figure 32: Sweden, Education Value Add (SEK Million, 2022 Constant Prices)
Figure 33: Sweden, Total Floor Area of Institutional Building Permits Approved (Thousand m2)
Figure 34: Sweden, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 35: Sweden, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Sweden, Number of New Dwellings Starts
Figure 37: Sweden, Total Floor Area of Permits Approved for Dwellings (in Thousand m2)
Figure 38: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)

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