Construction in Sweden - Key Trends and Opportunities to 2022

  • ID: 4661987
  • Report
  • Region: Sweden
  • 49 pages
  • GlobalData
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Construction in Sweden - Key Trends and Opportunities to 2022

Summary

The Swedish construction industry registered growth of 6.8% in real terms in 2017, preceded by an annual average growth of 4.3% during 2014-2016. Growth during the review period (2013-2017) was driven by improvements in business confidence and consumer demand, and public and private sector investment in institutional, residential and infrastructure construction projects, leading to an increase in demand for the Swedish construction industry.

The industry is expected to continue to expand over the forecast period (2018-2022), with investments in infrastructure construction, energy and utilities construction, healthcare facilities and housing projects continuing to drive growth.

Under the National Transport Plan 2018-2029, the government plans to invest SEK712.5 billion (US$89.0 billion) in the country’s rail, port, road and aviation infrastructure by 2029. The government aims to bring reforms in national policies, as well as provide funds in the education, energy and housing sectors for sustainable growth by 2020 under the National Reform Program 2018, which will also support the industry’s growth.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 4.12% over the forecast period, compared to 4.91% during the review period.

The "Construction in Sweden - Key Trends and Opportunities to 2022", 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.
Key Highlights
  • The author expects the residential construction market to retain its leading position over the forecast period, with a share of 50.1% of the industry’s total value in 2022, driven by public and private sector investments in the construction of new residential buildings to meet the increasing demand for housing. According to estimates by the National Board of Housing Building and Planning, 600,000 housing units are required to be constructed by 2025 in order to address the housing demand.
  • Forecast-period industry growth will be supported by government investments in renewable energy production. The government aims to generate 100% of the country’s total energy requirement through renewable sources by 2040. The energy sector will attract public and private sector investments to meet this target, aiding growth in the energy and utilities construction market over the forecast period.
  • The author expects infrastructure construction market output to record a forecast-period CAGR of 5.37% in nominal terms, driven by the government’s focus on the transport infrastructure in order to enhance connectivity and modernize the existing infrastructure across the country. In June 2018, the government launched the National Transport Plan 2018-2029 with a total investment of SEK712.5 billion (US$89.0 billion).
  • The Swedish energy and utilities construction market’s growth will be supported by the government’s National Broadband Strategy 2025, which aims to develop the country’s high-speed broadband network. Under this, the government aims to provide an internet connection speed of up to 1.0Gbps to 98.0% of the population by 2025.
  • The total construction project pipeline in Sweden - as tracked by the author and including all mega projects with a value above US$25 million - stands at SEK1.0 trillion (US$122.6 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects, with 58.1% of the pipeline value being in projects in the pre-execution and execution stages as of October 2018.
Scope

This report provides a comprehensive analysis of the construction industry in Sweden and also provides:
  • Historical (2013-2017) and forecast (2018-2022) 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 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 critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
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1. EXECUTIVE SUMMARY

2. CONSTRUCTION OUTLOOK: AT-A-GLANCE

3. LATEST NEWS AND INDICATORS

4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile

5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics

6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants

7. APPENDIX
7.1. What is this Report About?
7.2. Definitions

8. About

List of Tables
Table 1: Construction Outlook
Table 2: Sweden, Key Economic Indicators
Table 3: Sweden, Construction Output Value (nominal, SEK Million)
Table 4: Sweden, Construction Output Value (nominal, US$ Million)
Table 5: Sweden, Top Commercial Construction Projects by Value
Table 6: Sweden, Top Industrial Construction Projects by Value
Table 7: Sweden, Top Infrastructure Construction Projects by Value
Table 8: Sweden, Top Energy and Utilities Construction Projects by Value
Table 9: Sweden, Top Institutional Construction Projects by Value
Table 10: Sweden, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Sweden, Key Contractors
Table 12: Sweden, Key Consultants
Table 13: Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Sweden, Construction Projects Pipeline by Sector (SEK Billion)
Figure 3: Sweden, Real Estate Price Index
Figure 4: Sweden, Risk Profile, Q3 2018
Figure 5: Sweden, Risk Comparison, Q3 2018
Figure 6: Sweden, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 7: Sweden, Construction Output Value, Growth Matrix
Figure 8: Sweden, Construction Output Value, by Sector (SEK Million), 2013-2022
Figure 9: Sweden, Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion), 2017-2022
Figure 10: Sweden, Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 11: Sweden, Commercial Construction Output by Project Type (SEK Million), 2013-2022
Figure 12: Sweden, Commercial Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 13: Sweden, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 14: Sweden, Industrial Construction Output by Project Type (SEK Million), 2013-2022
Figure 15: Sweden, Industrial Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 16: Sweden, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 17: Sweden, Infrastructure Construction Output by Project Type (SEK Million), 2013-2022
Figure 18: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 19: Sweden, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 20: Sweden, Energy and Utilities Construction Output by Project Type (SEK Million), 2013-2022
Figure 21: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 22: Sweden, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 23: Sweden, Institutional Construction Output by Project Type (SEK Million), 2013-2022
Figure 24: Sweden, Institutional Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 25: Sweden, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 26: Sweden, Residential Construction Output by Project Type (SEK Million), 2013-2022
Figure 27: Sweden, Residential Construction Projects Pipeline, Value by Stage (SEK Billion)
Figure 28: Sweden, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (SEK Billion)
Figure 29: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 30: Sweden, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 31: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 32: Sweden, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
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