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Construction in Sweden - Key Trends and Opportunities to 2023

Construction in Sweden - Key Trends and Opportunities to 2023

Construction in Sweden - Key Trends and Opportunities to 2023

Summary

Sweden’s construction industry registered a growth of 4.4% in real terms in 2018, following an average annual growth of 4% during the preceding four years. Consequently, the industry’s output value, measured at constant 2017 US dollar exchange rates, increased from US$63.4 billion in 2017 to US$66.2 billion in 2018; this growth can be attributed to positive developments in economic conditions, improvement in investor confidence, and public and private sector investments in infrastructure, energy and housing construction projects.

The industry’s output is expected to contract during the early part of the forecast period (2019-2023), however, due to a decrease in domestic demand and private consumption, a weak housing sector and a decline in private sector investments in the country. Weakness in the Swedish krona (SEK) and overall slow economic growth is also expected to hamper the industry’s growth. In real terms, the industry is expected to contract by 2.5% in 2019, 1.3% in 2020 and 0.1% in 2021. Over the remaining part of the forecast period, however, the industry is expected to recover, mainly due to the government’s investment in transport infrastructure.

The industry’s output value in real terms is expected to post a compound annual growth rate (CAGR) of 0.03% over the forecast period. The industry is consequently expected to rise marginally, from a value of US$66.2 billion in 2018 to US$66.3 billion in 2023, measured at constant 2017 US dollar exchange rates.

Residential construction was the largest market in the Swedish construction industry during the review period (2014-2018), accounting for 50.4% of its total value in 2018. The market is expected to shrink over the forecast period, to account for 45.2% of the industry’s total value in 2023, due to the oversupply of residential buildings and tightened credit policies.

Infrastructure construction accounted for 15.3% of the industry’s total output in 2018, followed by commercial construction with 13.3%, industrial construction with 10.6%, institutional construction with 5.5% and energy and utilities construction with 4.9%.

The total construction project pipeline in Sweden including all mega projects with a value above US$25 million - stands at SEK1.1 trillion (US$124.6 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage development projects, with 55.6% of the project pipeline by value in the pre-planning and planning stages as of July 2019.

Scope

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

  • Historical (2014-2018) and forecast (2019-2023) 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 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.


    • Executive Summary
    • Construction Outlook: At-a-glance
      • Table Construction Outlook
      • Table Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
      • Table Figure 2: Sweden, Construction Projects Pipeline by Sector (SEK Billion)
    • Latest News and Indicators
      • Table Figure 3: Sweden, Building Permits for New Construction (Total Numbers)
      • Table Figure 4: Gross Fixed Capital Formation (SEK Millions)
    • Key Drivers and Risks
      • Economic Performance
        • Table Sweden, Key Economic Indicators
      • Political Environment
      • Demographics
      • Risk Profile
        • Table Figure 5: Sweden, Risk Profile
        • Table Figure 6: Sweden, Risk Comparison
    • Construction Outlook
      • All Construction
        • Outlook
          • Table Figure 7: Sweden, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
          • Table Figure 8: Sweden, Construction Output Value, Growth Matrix
          • Table Figure 9: Sweden, Construction Output Value, by Sector (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 10: Sweden, Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018-2023
          • Table Figure 11: Sweden, Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Sweden, Construction Output Value (nominal, SEK Million)
          • Table Sweden, Construction Output Value (nominal, US$ Million)
      • Commercial Construction
        • Outlook
          • Table Figure 12: Sweden, Commercial Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 13: Sweden, Commercial Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 14: Sweden, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018- 2023
          • Table Sweden, Top Commercial Construction Projects by Value
      • Industrial Construction
        • Outlook
          • Table Figure 15: Sweden, Industrial Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 16: Sweden, Industrial Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 17: Sweden, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018-2023
          • Table Sweden, Top Industrial Construction Projects by Value
      • Infrastructure Construction
        • Outlook
          • Table Figure 18: Sweden, Infrastructure Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 19: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 20: Sweden, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018- 2023
          • Table Sweden, Top Infrastructure Construction Projects by Value
      • Energy and Utilities Construction
        • Outlook
          • Table Figure 21: Sweden, Energy and Utilities Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 22: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 23: Sweden, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018-2023
          • Table Sweden, Top Energy and Utilities Construction Projects by Value
      • Institutional Construction
        • Outlook
          • Table Figure 24: Sweden, Institutional Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 25: Sweden, Institutional Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 26: Sweden, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018-2023
          • Table Sweden, Top Institutional Construction Projects by Value
      • Residential Construction
        • Outlook
          • Table Figure 27: Sweden, Residential Construction Output by Project Type (SEK Million), 2014-2023
        • Project analytics
          • Table Figure 28: Sweden, Residential Construction Projects Pipeline, Value by Stage (SEK Million)
          • Table Figure 29: Sweden, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Million), 2018-2023
          • Table Sweden, Top Residential and Mixed-Use Construction Projects by Value
    • Key Industry Participants
      • Contractors
        • Table Sweden, Key Contractors
        • Table Figure 30: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)
        • Table Figure 31: Sweden, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
      • Consultants
        • Table Sweden, Key Consultants
        • Table Figure 32: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)
        • Table Figure 33: Sweden, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
    • Appendix
      • What is this Report About?
      • Definitions
        • Table GlobalData Construction Market Definitions
        • Table Construction Risk Index Ratings and Scores
    • About GlobalData
      • GlobalData at a Glance
        • Table Figure 34: GlobalData at a Glance
      • GlobalData Construction
      • Disclaimer
      • Contact Us

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