Sweden Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2035

Sweden Construction Market by Type (Renovation and New Construction), and by Sector (Real Estate, Infrastructure, and Industrial)–Opportunity Analysis and Industry Forecast, 2024–2035

The Sweden Construction Market size was valued at USD 52.43 billion in 2023, and is predicted to reach USD 77.80 billion by 2030, at a CAGR of 7.9% from 2024 to 2030.

The construction sector in Sweden is experiencing robust growth, driven by an increasing number of government-supported infrastructure projects. These initiatives primarily focus on enhancing railway and transportation systems, acting as key catalysts for industry expansion. In addition, the Swedish government unveiled an ambitious national infrastructure investment plan for 2022 to 2027. Valued at USD 91.27 billion, this strategic initiative aims to modernize and elevate the country's infrastructure, with a particular emphasis on transportation networks. The plan includes significant rail-centric projects, such as the expansion of the East Coast Line, the establishment of a four-track line between Uppsala and Stockholm County, and the extension of the Gävle–Kringlan rail section. These efforts collectively underscore the substantial growth and modernization underway in Sweden's construction industry.

However, the construction industry faces significant challenges due to the complex network of government regulations and permitting processes, often require numerous approvals from various levels of authority, including local, regional, and national bodies. These regulatory hurdles encompass a wide range of requirements, such as zoning regulations, environmental assessments, building code compliance, safety standards, and other prerequisites. Delays in obtaining permits, bureaucratic inefficiencies, and inconsistencies in regulations across different jurisdictions can significantly extend project timelines and inflate costs. Additionally, fluctuations in regulations or sudden policy changes can disrupt ongoing projects and deter potential investments. For instance, the United States Environmental Protection Agency (EPA) regulates various aspects of the construction sector, including air quality, waste disposal, and water regulations, and provides compliance assistance resources for managing environmental responsibilities during various construction phases.

Conversely, the construction sector is undergoing a transformative shift driven by digitalization and the adoption of Building Information Modeling (BIM). These advancements are revolutionizing project management processes by integrating advanced technologies to improve efficiency, accuracy, and collaboration. BIM, an advanced 3D modeling tool, enables stakeholders to create and manage digital representations of structures and infrastructure, facilitating enhanced coordination and communication among project teams. For example, in September 2022, the National Institute of Building Sciences (NIBS) launched the U.S. National Building Information Management (BIM) Program, aiming to modernize the construction industry and achieve unprecedented levels of industrial efficiency through digitalization. This initiative seeks to address the insufficient digitalization in the U.S. construction sector, hampers the optimization of work processes to enhance efficiency, cost-effectiveness, resilience, and safety in construction and maintenance activities.

KEY BENEFITS

The Sweden construction industry is segmented based on type, and sector.
Based on type, the market is segmented renovation and new construction.
Based on sector, the market is divided into real estate, infrastructure, and industrial.

Key Market Players

Leading players operating in the Sweden construction industry include:
• China State Construction Engineering Corp. Ltd. (CSCEC)
• China Railway Group Ltd. (CREC)
• China Railway Construction Corp. Ltd. (CRCC)
• China Communications Construction Group Ltd. (CCCC)
• Metallurgical Corporation of China Ltd. (MCC)
• Power Construction Corp. of China
• Vinci SA
• China Energy Engineering Corp. (CEEC)
• Shanghai Construction Group (SCG)
• Bouygues Group

 KEY BENEFITS
• The Sweden construction market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in the Sweden construction market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.