Market Research Report
Construction in Sweden - Key Trends and Opportunities to 2024
|Published by||GlobalData||Product code||270155|
|Published||Content info||48 Pages
Delivery time: 1-2 business days
|Construction in Sweden - Key Trends and Opportunities to 2024|
|Published: October 21, 2020||Content info: 48 Pages||
The Swedish construction industry grew by 3.1% in real terms in 2019, supported by public and private sector investments in both building and civil engineering works, with positive developments in residential and infrastructure sectors.
The country's construction industry has fared better than those of other European countries due to the moderate Coronavirus (COVID-19) containment measures which have helped construction sites remain open during the pandemic. As the industry was already in a weak state due to sluggish economic outturn, it is expected to register a negative growth for the year.
According to Statistics Sweden, the construction industry's value-add grew by 1.1% year on year in the second quarter of 2020 (the latest data available at the time of writing) compared to year-on-year growth of 1.2% in Q1 2020. Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry to contract by 1.1% in 2020, but is thereafter forecast to grow at an annual average rate of 1.1% during 2021-2024. This growth is expected to be supported by public and private sector investment in the country's transport infrastructure, coupled with efforts to boost energy production. In September 2020, the Swedish government presented the 2021 budget bill to the Riksdag, injecting SEK105 billion (US$11 billion) into the economy in the next year. In addition, SEK9.7 billion (US$1 billion) is included in the bill which is aimed at fighting climate change.
This report provides detailed market analysis, information and insights into the Swedish construction industry, including -
This report provides a comprehensive analysis of the construction industry in Sweden. It provides -