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(MoneyNewsWire.Net, November 11, 2017 ) The market for Swedish construction industry is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Construction in Sweden-Key Trends and Opportunities to 2021” which offer details about the current trends as well as scope for the Swedish construction industry in the near future. This research study also covers information about the production and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned sector is highlighted in the report which indicates a prosperous future.
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The Swedish construction industry grew by 4.7% in real terms in 2016, following an annual growth of 9.6% in 2015 and 2.8% in 2014. This growth can be attributed to the recovery in global economic conditions and favorable government policies for manufacturing companies. In addition, investments in infrastructure construction, healthcare, manufacturing, educational facilities and housing projects supported the growth during the review period (20122016).
The industrys value is expected to continue to grow over the forecast period (20172021), with investments in public infrastructure, energy, commercial and industrial construction projects, and improved consumer and investor confidence. A rise in permits for the construction of residential and non-residential buildings in the country is also expected to support the industrys growth over the forecast period.
The government also plans to invest SEK12.9 billion (US$1.5 billion) to develop a fossil fuel free transportation system and construct renewable energy power plants by 2020. Additionally, it plans to invest SEK5.9 billion (US$701.9 million) for the maintenance of railway infrastructure and SEK133.6 billion (US$15.6 billion) to develop regional railway network and tramway by the same year.
The industrys output value in real terms is expected to record a compound annual growth rate (CAGR) of 4.85% over the forecast period-up from 3.22% during the review period.
Summary
Market Research HUBs Construction in Sweden-Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Swedish construction industry
Profiles of the leading operators in the Swedish construction industry
Scope
This report provides a comprehensive analysis of the construction industry in Sweden. It provides:
Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Sweden using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Detailed profiles of the leading construction companies in Sweden
Reasons To Buy
Identify and evaluate market opportunities using Market Research HUB's 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 Market Research HUB's critical and actionable insight.
Assess business risks, including cost, regulatory and competitive pressures.
Evaluate competitive risk and success factors.
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Key Highlights
Market Research HUB expects the residential construction market to remain the largest segment over the forecast period, driven by rising residential building permits and the governments efforts to reduce housing shortage. In addition, urbanization, population growth, affordable housing projects and positive developments in regional economic conditions are expected to support demand for residential properties over the forecast period.
The Swedish government plans to invest SEK955.7 billion (US$113.0 billion) to develop Stockholms metro and railway infrastructure by 2030. Under this, the government plans to build Bypass link in Stockholm to connect the northern and southern parts of the country by 2025.
Market Research HUB expects the energy and utilities construction market to record a forecast-period CAGR of 6.82% in nominal terms, driven by the government aims to make the country completely fossil free by 2040. The government also plans to increase efficiency of power grids across the country with an aim to reduce wastage of electricity during transmission, which in turn expected to increase investment in transmission power grids construction.
To support economic development and growth, the government plans to provide a broadband connection to all citizens under the National Broadband Strategy 2025. Under this, it aims to build infrastructure to provide an internet connection speed of 100Mbps to at least 95% of households by 2020.
Market Research HUB expects institutional construction market output to record a forecast-period CAGR of 6.89% in nominal terms, driven by government efforts to build educational and healthcare infrastructure in the country with an aim to provide quality medical and education facilities to every citizen. In the 2017 Budget, the government announced a plan to invest SEK2.4 billion (US$265.9 million) in the education sector in 2017, as well as SEK3.5 billion (US$390.5 million) in 2018, SEK3.97 billion (US$445.5 million) in 2019 and SEK3.99 billion (US$450.3 million) in 2020.
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