Sweden Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Sweden Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecasts, 2022-2026

Summary

Construction in Sweden is expected to expand by 2.1% in 2022, before recording a contraction of 2% in 2023, owing to high construction materials costs and deteriorating external economic conditions which will slow economic growth. The outlook for growth in 2022 mainly reflects the ongoing expansion in the residential and infrastructure sectors, offsetting the weakness in the commercial sector. However, this is unlikely to persist over the coming quarters due to the impact of high inflation and rising interest rates on demand, which will weigh heavily on the residential sector. On the upside, Sweden is relatively well shielded from soaring energy costs due to its high share of hydro and nuclear power in its energy consumption mix, which could offset some of the supply-side pressure on the industry over the next year.

GlobalData expects the Swedish construction industry to rebound at an annual average growth of 2.6% from 2024 to 2026, supported by government’s investment in transport and energy infrastructure. Under the new national transport infrastructure plant, the government announced that investment in infrastructure will reach SEK881 billion ($86.6 billion) during 2022-27. Moreover, greater investment in renewable energy to support the country’s climate goals will support construction output over the forecast period. In October 2022, the government announced an investment of SEK937.5 million ($100million) for the construction of wind farms in the Kalmar County. In addition, the government is set to receive SEK34 billion ($3.7 billion) in total under the European Union (EU) Recovery and Resilience Facility (RRF), which is part of the NextGenerationEU plan. Through this fund, the Swedish government plans to implement its ‘Swedish recovery plan’ which will provide new investment for projects until 2026.

The 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 (2017-2021) and forecast (2022-2026) 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.