Sweden Construction Market

Sweden Construction Market

Sweden Construction Market by Type (Renovation, and New Construction), by Sector (Real Estate and Others), by Construction Method (Traditional Construction, Prefabricated/Modular Construction, 3D Printed Construction, Green/Sustainable Construction), and by Type of Contractor (Large Contractor, Medium Contractor and Small Contractor) – Country Industry Trends and Forecast, 2025–2030

Industry: Construction & Manufacturing | Publish Date: 18-Jul-2025 | No of Pages: 153 | No. of Tables: 117 | No. of Figures: 62 | Format: PDF | Report Code : CM2206

Sweden Construction Industry Overview

The Sweden Construction Market size was valued at USD 49.30 billion in 2024, and is projected to grow to USD 56.54 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 77.80 billion by 2030, with a CAGR of 6.6% from 2025 to 2030.

Sweden construction market is experiencing strong growth, primarily fueled by government-backed infrastructure projects aimed at enhancing the country's railway and transportation systems. 

The launch of a national infrastructure investment plan and major rail initiatives are reinforcing sustainable mobility and regional connectivity. This sector’s substantial contribution to Sweden’s GDP reflects its central role in the nation's economic development. 

However, the market faces notable challenges from complex regulatory frameworks that slow project execution and inflate costs. Amid these hurdles, the increasing adoption of digital tools such as Building Information Modeling (BIM), along with AI, IoT, and cloud integration, is creating new opportunities for improved collaboration, efficiency, and digital transformation across construction activities.

Large-Scale Infrastructure Projects Driving Market Growth

Sweden’s construction market is expanding steadily due to significant investments in national infrastructure. Key developments, such as the Stockholm subway extension and the Uppsala light rail, highlight the government's commitment to improving connectivity and urban mobility. These projects are not only enhancing transport networks but also creating strong demand across the construction value chain.

 

Rising Adoption of Green and Sustainable Construction

Sweden’s focus on sustainability is accelerating the shift toward green construction. The adoption of energy-efficient designs, eco-friendly materials, and projects like Stockholm Wood City reflect a national push for low-carbon development. This transition is further supported by regulatory incentives and Sweden’s broader climate goals, making sustainability a central driver of construction activity.

 

Regulatory and Permitting Delays Hampering Market Growth

Regulatory hurdles remain a major challenge in Sweden’s construction market. Delays in permitting—exacerbated recently by disruptions in digital services used by municipalities—have significantly slowed project approvals. The need to navigate complex zoning laws, environmental assessments, and multi-level government approvals not only prolongs timelines but also raises costs. These inefficiencies risk deterring investment and delaying critical infrastructure development.

Integration of Digitalization and BIM Presents Lucrative Opportunity for Market Expansion

Sweden's construction industry is embracing digital transformation, with Building Information Modeling (BIM) becoming a standard practice. The Swedish Transport Administration mandates BIM for all new infrastructure projects, enhancing efficiency and collaboration across the sector. This digital shift is further supported by initiatives like the Smart Built Environment program, aiming to reduce construction costs and time by 33% by 2030 through digitalization and industrial processes. The widespread adoption of BIM and other digital tools presents significant opportunities for market growth and innovation in Sweden's construction sector.

 

Competitive Landscape  

The key players operating in the Sweden construction industry include LARSEN & TOUBRO LIMITED, JM AB, LEONHARD WEISS, Hedin Construction AB, NCC, Peab AB, Skanska, Veidekke Sverige, Svevia AB, Erlandsson Holding AB, Wastbygg Gruppen AB, Jan Frohlund Construction Company AB, Real-Construct, EGH Bygg, BDX Foretagen AB, and others.

Sweden Construction Market Key Segments

By Type                

  • Renovation            

  • New Construction            

By Sector                

  • Real Estate            

    • Residential        

      • Affordable    

      • Luxury    

    • Commercial        

      • Retail Buildings    

      • Office Buildings    

      • Hospitality    

      • Healthcare Facilities    

      • Educational Institutes    

      • Entertainment Ventures    

  • Infrastructure    
    • Transportation    

      • Airport

      • Port

      • Rail

      • Road

    • Water and Wastewater    

    • Energy    

    • Telecommunication    

  • Industrial        
    • Manufacturing Plant    

    • Warehouses    

    • Power Plants    

    • Oil Refineries    

    • Chemical Plants    

By Construction Method                

  • Traditional Construction            

  • Prefabricated/Modular Construction            

  • 3D Printed Construction            

  • Green/Sustainable Construction            

By Type of Contractor                

  • Large Contractor            

  • Medium Contractor            

  • Small Contractor

Key Players

  • LARSEN & TOUBRO LIMITED

  • JM AB

  • LEONHARD WEISS

  • Hedin Construction AB

  • NCC

  • Peab AB

  • Skanska

  • Veidekke Sverige

  • Svevia AB

  • Erlandsson Holding AB

  • Wastbygg Gruppen AB

  • Jan Frohlund Construction Company AB

  • Real-Construct

  • EGH Bygg

  • BDX Foretagen AB

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2024

USD 49.30 Billion

Revenue Forecast in 2030

USD 77.80 Billion

Growth Rate

CAGR of 6.6% from 2025 to 2030

Analysis Period

2024–2030

Base Year Considered

2024

Forecast Period

2025–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • Large-Scale Infrastructure Projects Driving Market Growth
  • Rising Adoption of Green and Sustainable Construction

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.

Sweden Construction Market Revenue by 2030 (Billion USD) Sweden Construction Market Segmentation Sweden Construction Market Major Regions

Frequently Asked Questions

Sweden's construction sector is increasingly adopting sustainable methods, exemplified by projects like Stockholm Wood City, which utilizes mass timber to reduce carbon emissions and promote eco-friendly urban development.

According to Next Move Strategy Consulting, the size of the Sweden construction market was estimated at USD 49.30 billion in 2024.

Elevated material costs are leading to project delays and increased budgets, prompting developers to seek alternative materials and more efficient construction methods.

Labor shortages are causing delays in project completion, leading companies to invest in automation and workforce training to mitigate the impact.

According to Next Move Strategy Consulting, the Sweden construction market revenue is estimated to be at USD 77.80 billion in 2030.

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