Norway Construction Market is Expected to Reach USD 101.70 Billion by 2030

Increasing infrastructure investments and supportive government initiatives is driving the Norway construction market growth during the forecast period

The Norway Construction Market size was valued at USD 65.32 billion in 2024, and is projected to grow to USD 75.84 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 101.70 billion by 2030, with a CAGR of 6.0% from 2025 to 2030, according to new research by Next Move Strategy Consulting.

The construction market in Norway is witnessing strong growth, supported by rising infrastructure investments and proactive government backing. A key indicator of this momentum is the contract awarded to NCC by the Norwegian Public Roads Administration in 2024 for the development of a new road and tunnel in Aalesund Municipality, valued at approximately USD 140 million. This project underscores the country’s ongoing commitment to infrastructure modernization and reflects a broader trend of expansion within the sector, positioning Norway’s construction industry for sustained progress.

However, navigating regulatory frameworks remains a core challenge across the construction market. Infrastructure developments require multiple permits and approvals from governmental bodies at various levels such as local, regional, and national. These approvals span zoning compliance, environmental impact evaluations, adherence to building codes, safety regulations, and other statutory requirements. 

Delays caused by slow permitting cycles, bureaucratic fragmentation, and inconsistent regulatory practices can extend project timelines and elevate costs. Additionally, abrupt regulatory changes or policy shifts risk disrupting active developments and discouraging long-term investment.

On the other hand, the industry is undergoing a transformative digital evolution, with Building Information Modeling at the forefront. BIM supports digital design, simulation, and infrastructure lifecycle management, increasing project accuracy, coordination, and operational efficiency. 

Reflecting this shift, ALLPLAN launched Allplan 2024-1 in April 2024 to enhance BIM capabilities and streamline cloud-enabled workflows, signaling the sector’s transition toward fully digital project delivery. Further integration of AI, IoT, and cloud technologies is enabling real-time decision-making, predictive infrastructure maintenance, and improved facility oversight across Norway’s construction landscape.

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Several market players operating in the Norway construction industry include Veidekke AS, ANORBYGG AS, Skanska Norway, Morgan AS, The AF Group ASA, HENT AS, Aker Solutions, Norconsult ASA, Aibel, Robertson Nordisk AS, Grette, Seltor Gruppen AS, PNC Norge AS, Skjelnan Housing, Walloe and Nilsen AS., and others.

Key Insights from the Norway Construction Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Norway construction market trends is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of key players in the industry is provided in the report along with their competitive analysis