Global & Sweden Heavy Construction Equipment Market to 2031

The heavy construction equipment market in Sweden is primarily driven by expanding infrastructure projects, increased government funding, and rising construction activities. In June 2022, the Swedish government unveiled a new national transportation infrastructure plan, allocating approximately US$ 86.6 billion for development between 2022 and 2027. Alongside this, growing residential and commercial construction projects are further boosting the demand for heavy construction machinery. In 2023, total investment in Sweden’s construction sector reached US$ 63.69 billion, with nonresidential construction—particularly commercial office buildings—seeing a 10% increase in investment that year. The construction industry generates around US$ 75 billion in revenue, with civil engineering accounting for over 25% of this figure. Within civil engineering, transportation infrastructure represents more than 60%, reflecting strong government investment initiatives.

Sweden’s construction equipment market is influenced by a mix of economic growth, urbanization trends, sustainability priorities, and technological progress. Known as one of Europe’s most advanced and sustainable construction industries, Sweden consistently drives robust demand for construction machinery.

The Swedish government plays a pivotal role in shaping the sector, committing to ambitious infrastructure goals that involve ongoing investment in upgrading and expanding roads, railways, airports, and other public infrastructure. The National Transport Plan (NTP) outlines major funding for rail, highway, and public transit projects.

Large infrastructure developments, including high-speed rail lines, road upgrades, and airport expansions, are key contributors to the demand for heavy machinery such as excavators, pavers, bulldozers, and cranes. Additionally, efforts to improve connectivity between urban centers and rural regions create a need for equipment capable of handling varied terrains and complex environments, further stimulating the market.