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Home > Construction >  Construction in Sweden – Key Trends and Opportunities to 2025 (H2 2021)

Construction in Sweden – Key Trends and Opportunities to 2025 (H2 2021)

Sweden’s construction industry managed to record marginal growth in 2020 – a relatively positive outturn considering the widespread downturn in the industry across Europe amid the disruption caused by the Coronavirus (COVID-19) pandemic. GlobalData expects the Swedish construction industry to grow by 1.8% this year, and register an annual average growth of 2.1% between 2022-2025. The outlook for positive growth mainly reflects the ongoing expansion in the residential and infrastructure sectors, offsetting the weakness in the commercial sector. The Swedish construction industry grew by 3.1% in the third quarter of 2021, in year-on-year (Y-o-Y) terms, preceded by Y-o-Y growth of 2.2% in Q2 and a decline of 4.2% in Q1 2021, according to the data released by StatistiskaCentralbyrån (SCB).

In March 2021, the government announced plans to spend SEK3 billion (US$357.9 million) on transport infrastructure. Additionally, under the government’s 10-year plan, it emphasizes urban mobility development, particularly in large cities like Stockholm. With an investment of SEK12 billion (US$1.4 billion), the government identified three main metropolitan regions – the cities of Stockholm, Gothenburg and Malmö – where it will develop the transport network in a more extended and modern way. To achieve this goal, the government will develop light metro, rapid transit buses and traditional metro lines, as well as new pedestrian and cycling paths. The pre-COVID-19 government’s plan to develop the country infrastructure is also expected to support the sector growth over the forecast period. Under the National Plan for infrastructure, the government plans to spend SEK700 billion (US$83.5 billion) on infrastructure development during the period of 2018-2029.

Moreover, the government is set to receive SEK34 billion (US$3.7 billion) fund in total under the 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’, involving projects that cover the entire period of the RRF until 2026.

GlobalData’s Construction in Sweden – Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information and insights into the Sweden’s construction industry, including –

– Sweden’s 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 Sweden’s 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 (2016-2020) and forecast (2021-2025) 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

Table of Contents

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 COVID-19 Status

3.5 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

7.4 GlobalData Construction

Contact Us

List of Tables

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), 2016-2025

Table 4: Sweden, Top Commercial Construction Projects by Value

Table 5: Sweden, Industrial Construction Output by Project Type (Real % Change), 2016-2025

Table 6: Sweden, Top Industrial Construction Projects by Value

Table 7: Sweden, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025

Table 8: Sweden, Top Infrastructure Construction Projects by Value

Table 9: Sweden, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025

Table 10: Sweden, Top Energy and Utilities Construction Projects by Value

Table 11: Sweden, Institutional Construction Output by Project Type (Real % Change), 2016-2025

Table 12: Sweden, Top Institutional Construction Projects by Value

Table 13: Sweden, Residential Construction Output by Project Type (Real % Change), 2016-2025

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, US$ 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

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2020 and 2021

Figure 2: Sweden, Construction Projects Pipeline by Sector (US$ Billion)

Figure 3: Sweden, COVID-19 Confirmed Cases

Figure 4: Sweden, Risk Summary

Figure 5: Sweden, Risk Regional Comparison

Figure 6: Sweden, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025

Figure 7: Sweden, Construction Output Value, by Sector (Real, US$ Million), 2016-2025

Figure 8: Sweden, Construction Production Value Index (2015 Constant Prices)

Figure 9: Sweden, Construction Value Add (SEK Million, 2019 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, US$ Million), 2016-2025

Figure 14: Sweden, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 15: Sweden, Wholesale and Retail Production Value Index (2015=100)

Figure 16: Sweden, Wholesale Turnover Index (2015=100)

Figure 17: Sweden, Total Number of Nights Spent in Hotels (Number, in Thousands)

Figure 18: Sweden, Total Revenue from Occupied Hotel Rooms (SEK, in Thousands)

Figure 19: Sweden, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 20: Sweden, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 21: Sweden, Exports (SEK, Million)

Figure 22: Sweden, Manufacturing Production Index (2015=100)

Figure 23: Sweden, Manufacturing Turnover Index (2015=100)

Figure 24: Sweden, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 25: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 26: Sweden, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 27: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 28: Sweden, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 29: Sweden, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 30: Sweden, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025

Figure 31: Sweden, Residential Construction Projects Pipeline, Value by Stage (US$ Million)

Figure 32: Sweden, Number of Newly Constructed Dwellings

Figure 33: Sweden, Total Floor Area of Permits Approved for Dwellings (in Thousand m2)

Figure 34: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 35: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)

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