Sweden Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H1 2026)

Summary

Following a decline of 1.5% YoY in 2025, the Swedish construction industry is expected to recover and register an annual real terms growth of 3.4% in 2026, supported by increase in investments in transport infrastructure, growth in construction production, and the government’s allocation under the latest 2026 Budget.In September 2025, the Swedish government announced its Budget for 2026. The budget is set at SEK1.5 trillion ($146.1 billion) as expenditure, marking an increase of 8.1% compared to the 2025 Budget, with revenue set at SEK1.4 trillion ($130.2 billion).

Over the remainder of the forecast period, the construction industry is expected to record an average annual rate of 3.7% from 2027 to 2030, driven by investments in electricity transmission and renewable energy projects. The government aims to produce 65% of its electricity from renewable sources by 2030 and achieve 100% fossil-free electricity production by 2040. In line with this, in June 2026, Vattenfall⁠, a Swedish power company, announced an investment program for the development of Swedish hydropower, with plans to invest SEK2 billion ($211.2 million) annually in maintenance and replacement works, or SEK10 billion ($1.1 billion) in total by 2030, alongside a further SEK2 billion ($11.2 million) for ongoing construction projects. The investment program covers both the modernization of existing hydropower projects and new construction at four sites to strengthen Sweden’s supply of flexible, fossil-free electricity. In terms of infrastructure developments, in April 2026, the government approved 12 major infrastructure projects with a combined value of SEK50 billion ($5.3 billion). This decision allows the Swedish Transport Administration (Trafikverket) to start procuring construction contractors, with work scheduled to begin between 2026 and 2028. These large-scale developments each cost more than SEK150 million ($15.8 million) and form a key part of Sweden’s long-term national transport plan for 2026-2037.

The analyst’s Construction in Sweden - Key Trends and Opportunities to 2030 (H1 2026) 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 (2021-2025) and forecast (2026-2030) 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 the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology

About the Analyst
Contact Us

List of Tables

Table 1: Construction Industry Key Data
Table 2: Sweden, Key Economic Indicators
Table 3: Sweden, Commercial Construction Output by Project Type (Real % Change), 2021-30
Table 4: Sweden, Top Commercial Construction Projects by Value
Table 5: Sweden, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Sweden, Top Industrial Construction Projects by Value
Table 7: Sweden, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Sweden, Top Infrastructure Construction Projects by Value
Table 9: Sweden, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Sweden, Top Energy and Utilities Construction Projects by Value
Table 11: Sweden, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Sweden, Top Institutional Construction Projects by Value
Table 13: Sweden, Residential Construction Output by Project Type (Real % Change), 2021-30
Table 14: Sweden, Top Residential Construction Projects by Value
Table 15: Sweden, Key Contractors
Table 16: Sweden, Key Consultants
Table 17: Sweden Construction Output Value (Real, $ Million)
Table 18: Sweden Construction Output Value (Nominal, SEK Million)
Table 19: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2024-30
Figure 2: Sweden, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Sweden, Risk Summary
Figure 4: Sweden, Risk Regional Comparison
Figure 5: Sweden, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Sweden, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 7: Sweden, Construction Production Value Index (2021=100)
Figure 8: Sweden, Construction Value-add (SEK Million, 2024 Constant Prices)
Figure 9: Sweden, Gross Fixed Capital Formation in Construction Industry (SEK Million, 2024 Constant Prices)
Figure 10: Sweden, Building Permits (Numbers)
Figure 11: Sweden, Construction Projects Momentum Index
Figure 12: Western Europe, Construction Projects Momentum Index
Figure 13: Sweden, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 14: Sweden, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: Sweden, Wholesale and Retail Production Value Index (2021=100)
Figure 16: Sweden, Wholesale Turnover Index (2021=100)
Figure 17: Sweden, Total Floor Area of Office Building Permits Approved (Thousand m2)
Figure 18: Sweden, Total Floor Area of Hotel, Restaurant Buildings Permits Approved (Thousand m2)
Figure 19: Sweden, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 20: Sweden, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Sweden, Exports (SEK, Million)
Figure 22: Sweden, Manufacturing Production Index (2021=100)
Figure 23: Sweden, Manufacturing Turnover Index (2021=100)
Figure 24: Sweden, Total Floor Area of Permits Approved for Industrial building (in Thousand m2)
Figure 25: Sweden, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 26: Sweden, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Sweden, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 28: Sweden, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Sweden, Electricity, Gas, Steam and Air Conditioning, Water Supply and Waste Value-add (SEK Million, 2024 Constant Prices)
Figure 30: Sweden, Telecommunications Value-add (SEK Million, 2024 Constant Prices)
Figure 31: Sweden, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 32: Sweden, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Sweden, Human Health Activities Value-add (SEK Million, 2024 Constant Prices)
Figure 34: Sweden, Education Value-add (SEK Million, 2024 Constant Prices)
Figure 35: Sweden, Total Floor Area of Institutional Building Permits Approved (Thousand m2)
Figure 36: Sweden, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 37: Sweden, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Sweden, Number of New Dwellings Starts
Figure 39: Sweden, Total Floor Area of Permits Approved for Dwellings (in Thousand m2)
Figure 40: Sweden, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 41: Sweden, Headquarters of Key Consultants (% of Total Project Pipeline)

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