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Construction in Sweden - Key Trends and Opportunities to 2024

Construction in Sweden - Key Trends and Opportunities to 2024

Summary

The Swedish construction industry grew by 3.1% in real terms in 2019, supported by public and private sector investments in both building and civil engineering works, with positive developments in residential and infrastructure sectors.

The country's construction industry has fared better than those of other European countries due to the moderate Coronavirus (COVID?19) containment measures which have helped construction sites remain open during the pandemic. As the industry was already in a weak state due to sluggish economic outturn, it is expected to register a negative growth for the year.

According to Statistics Sweden, the construction industry's value-add grew by 1.1% year on year in the second quarter of 2020 (the latest data available at the time of writing) compared to year-on-year growth of 1.2% in Q1 2020. Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry to contract by 1.1% in 2020, but is thereafter forecast to grow at an annual average rate of 1.1% during 2021-2024. This growth is expected to be supported by public and private sector investment in the country's transport infrastructure, coupled with efforts to boost energy production. In September 2020, the Swedish government presented the 2021 budget bill to the Riksdag, injecting SEK105 billion (US$11 billion) into the economy in the next year. In addition, SEK9.7 billion (US$1 billion) is included in the bill which is aimed at fighting climate change.

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 (2015-2019) and forecast (2020-2024) 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 our 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 business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
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Construction in Sweden - Key Trends and Opportunities to 2024
Published By :GlobalData
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