Report cover image

Sweden Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published Jun 30, 2023
Length 47 Pages
SKU # GBDT18132696

Description

Sweden Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027


Summary

Following annual growth of 2.2% in real terms in 2022, the Swedish construction industry is expected to shrink by 7.8% in 2023, owing mainly to a sharp drop in the residential sector amid high interest rates and weak investor sentiment. According to the Statistics Sweden (SCB), the total number of approved building permits declined by 22.1% in 2022; of which residential building permits declined by 22.5% while non-residential building permits declined by 20.6% during the same period. The Sweden’s central bank, Sveriges Riksbank, raised its policy interest rate by 50 basis points in April 2023, bringing it up to 3.5% from 3% in February 2023 as it attempts to contain inflationary pressures.

GlobalData expects the Swedish construction industry to start to pick up from 2024, but it will not fully recover to 2022 levels until 2026. While the residential and commercial building sectors are set to remain sluggish, overall construction activity will be supported by investment in transport and energy infrastructure. The forecast period will be supported by the government’s allocation of SEK876 billion ($83.1 billion) under the 10-year transport infrastructure budget for 2022-33. As part of the Klimatklivet investment program launched in 2015 with a vision to reduce greenhouse gas emissions, the Nordic energy company Gasum began the construction works of a new biogas plant project in Götene, in February 2023. Moreover, the government is focusing on the development of the renewable energy sector in line with its aim to generate 100% of its electricity from renewable energy sources by 2040. The renewable energy investment firm, Renewable Power Capital is undertaking the Vaesternorrland Wind Farm Development Program that involves the construction of wind farms with a combined capacity of 561MW in Kramfors and Solleftea municipalities.

This 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 (2018-2022) and forecast (2023-2027) 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.

Table of Contents

47 Pages
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
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), 2018-27
Table 4: Sweden, Top Commercial Construction Projects by Value
Table 5: Sweden, Industrial Construction Output by Project Type (Real % Change), 2018-27
Table 6: Sweden, Top Industrial Construction Projects by Value
Table 7: Sweden, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
Table 8: Sweden, Top Infrastructure Construction Projects by Value
Table 9: Sweden, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
Table 10: Sweden, Top Energy and Utilities Construction Projects by Value
Table 11: Sweden, Institutional Construction Output by Project Type (Real % Change), 2018-27
Table 12: Sweden, Top Institutional Construction Projects by Value
Table 13: Sweden, Residential Construction Output by Project Type (Real % Change), 2018-27
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: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2021-27
Figure 2: Sweden, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 3: Sweden, Risk Summary
Figure 4: Sweden, Risk Regional Comparison
Figure 5: Sweden, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
Figure 6: Sweden, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 7: Sweden, Construction Production Value Index (2015 Constant Prices)
Figure 8: Sweden, Construction Value Add (SEK Million, 2021 Constant Prices)
Figure 9: Sweden, Gross Fixed Capital Formation in Construction Industry (SEK Million, 2021 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), 2018-27
Figure 14: Sweden, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15:Sweden, Wholesale and Retail Production Value Index (2015=100)
Figure 16: Sweden, Wholesale Turnover Index (2015=100)
Figure 17: Sweden, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
Figure 18: Sweden, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Sweden, Exports (SEK, Million)
Figure 20: Sweden, Manufacturing Production Index (2015=100)
Figure 21: Sweden, Manufacturing Turnover Index (2015=100)
Figure 22: Sweden, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
Figure 23: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Sweden, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
Figure 25: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Sweden, Electricity, Gas, Steam and Air Conditioning, Water Supply and Waste Value Add (SEK Million, 2021 Constant Prices)
Figure 27: Sweden, Telecommunications Value Add (SEK Million, 2021 Constant Prices)
Figure 28: Sweden, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
Figure 29: Sweden, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Sweden, Human Health Activities Value Add (SEK Million, 2021 Constant Prices)
Figure 31: Sweden, Education Value Add (SEK Million, 2021 Constant Prices)
Figure 32: Sweden, Residential Construction Output by Project Type (Real, $ Million), 2018-27
Figure 33: Sweden, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Sweden, Number of Newly Constructed Dwellings
Figure 35: Sweden, Total Floor Area of Permits Approved for Dwellings (in Thousand m2)
Figure 36: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us