Norway Construction Market by Type (Renovation, and New Construction), by Construction Method (Traditional, Prefabricated/Modular, 3D-Printed, and Green/Sustainable), by Contractor Type (Large Contractor, Medium Contractor, and Small Contractor), and Sector (Real Estate, Commercial, Infrastructure, Industrial) – Industry Trends and Forecast, 2025–2030
Industry: Construction & Manufacturing | Publish Date: 09-Jun-2025 | No of Pages: 85 | No. of Tables: 118 | No. of Figures: 63 | Format: PDF | Report Code : CM2207
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Industry Overview
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.
The Norway construction market share is experiencing robust growth, driven by rising investments in infrastructure and strong government support. Key projects, such as the E39 Rogfast Tunnel and Oslo Airport expansion, highlight the sector's expansion and its critical role in the nation's GDP.
Despite this positive momentum, the market faces challenges related to regulatory complexities, including lengthy permit acquisition processes and bureaucratic inefficiencies, which can delay projects and increase costs.
However, the growing adoption of Building Information Modeling (BIM) and advanced technologies like AI, IoT, and cloud solutions is opening up new opportunities for enhanced project management, collaboration, and efficiency, further supporting the market's growth.
Rising Investments and Government Support is Driving the Norway Construction Market Growth
The construction market in Norway is experiencing a substantial surge, propelled by increasing investments in infrastructure and supportive measures from the government. A key example of this trend is the contract secured by NCC, a leading infrastructure company, from the Norwegian Public Roads Administration to develop a new road and tunnel in Aalesund Municipality, valued at approximately USD 0.14 billion in 2024. This major project highlights the positive momentum and potential for continued expansion within Norway’s infrastructure sector, suggesting a promising future for the industry.
Growth of the Infrastructure Sector Boosts the Overall Market Demand in the Country
The construction market in Norway is also benefiting from the substantial growth of the infrastructure sector, which plays a critical role in the country’s GDP. According to Statistics Norway, the building and infrastructure sector accounted for 5.2% of the nation's GDP in 2024, surpassing countries like the Netherlands, Portugal, and Greece. This growth is supported by major ongoing projects such as the USD 3.7 billion E39 Rogfast Tunnel the world’s longest and deepest subsea road tunnel and the USD 1.5 billion expansion of Oslo Airport, set to boost capacity to 35 million passengers annually by 2025.
Furthermore, the USD 2.2 billion Northern Lights Carbon Capture and Storage project, slated for completion in 2025, aligns with Norway’s net-zero goals by storing 1.5 million tonnes of CO2 annually. These significant initiatives, backed by the Norwegian Public Roads Administration and Avinor, underline the vital role of infrastructure in propelling the growth of Norway's construction market.
Regulatory Complexities is a Barrier to the Norway Construction Market Demand
In the construction market in Norway, overcoming regulatory complexities poses a significant challenge. Infrastructure projects often encounter obstacles due to the intricate web of government regulations and permitting procedures. Infrastructure endeavors demand numerous permits and approvals from governmental bodies at local, regional, and national levels. These mandates encompass adherence to zoning regulations, environmental assessments, compliance with building codes, safety standards, and various regulatory stipulations.
The lengthy process of acquiring permits, bureaucratic inefficiencies, and disparities in regulations among different jurisdictions can substantially prolong project timelines and inflate costs. Furthermore, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and deter potential investments.
Integration of Digitalization and BIM Presents Lucrative Opportunity for Norway Construction Market Expansion
The construction industry is experiencing a major digital shift, largely driven by the growing adoption of Building Information Modeling (BIM), which is unlocking new opportunities for growth in the Norway construction market trends.
BIM enhances digital design, simulation, and infrastructure management, boosting accuracy, collaboration, and resource efficiency. In line with this transformation, ALLPLAN introduced Allplan 2024-1 in April 2024 to strengthen BIM features and optimize cloud-based workflows, emphasizing the sector's movement toward fully digital project execution. Additionally, the integration of AI, IoT, and cloud technologies is further facilitating real-time collaboration, predictive maintenance, and streamlined facility management.
Competitive Landscape
The 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.
Norway Construction Market Key Segments
By Type
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Renovation
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New Construction
By Construction Method
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Traditional Construction
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Prefabricated/Modular Construction
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3D-Printed Construction
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Green/Sustainable Construction
By Type of Contractor
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Large Contractor
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Medium Contractor
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Small Contractor
By Sector
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Real Estate
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Residential
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Affordable
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Luxury
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Commercial
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Retail Buildings
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Office Buildings
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Hospitality
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Healthcare Facilities
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Educational Institutes
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Entertainment Ventures
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-
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Infrastructure
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Transportation
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Airport
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Port
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Rail
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Road
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Water and Wastewater
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Energy
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Telecommunication
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Industrial
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Manufacturing Plant
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Warehouses
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Power Plants
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Oil Refineries
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Chemical Plants
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Key Players
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Veidekke AS
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ANORBYGG AS
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Skanska Norway
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Morgan AS
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The AF Group ASA
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HENT AS
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Aker Solutions
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Norconsult ASA
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Aibel
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Robertson Nordisk AS
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Grette
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Seltor Gruppen AS
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PNC Norge AS
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Skjelnan Housing
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Walloe and Nilsen AS
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2024 |
USD 65.32 Billion |
|
Revenue Forecast in 2030 |
USD 101.70 Billion |
|
Growth Rate |
CAGR of 6.0% from 2025 to 2030 |
|
Analysis Period |
2024–2030 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
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