Sweden Transportation Infrastructure Construction Market Size (2024 - 2029)

Sweden Transportation Infrastructure Construction Market Analysis

The Sweden Transportation Infrastructure Construction Market size is estimated at USD 16.86 billion in 2024, and is expected to reach USD 22.05 billion by 2029, growing at a CAGR of 5.64% during the forecast period (2024-2029).

• The transportation infrastructure construction industry in Sweden is expected to exhibit positive growth in 2024 due to growing economic activity and optimistic growth trends in building permits. Moreover, the Swedish Government has allocated huge funds towards transportation infrastructure in the country to upgrade the construction plans.
• The financial framework for the infrastructure plan is stated in the Government bill Infrastructure for the Future: Sustainable investment throughout Sweden. Directions for this work are also included in a government directive of 23 June 2021 to the Swedish Transport Administration to prepare a proposal for an intermodal national plan for transport infrastructure development from 2022 to 2033.
• The transport infrastructure planning framework estimates SEK 799 billion (USD 94 billion) from 2022 to 2033, where the funds are to be issued as follows:

1. Operation, renewal, and maintenance of state-owned railways: SEK 165 billion (USD 19.41 billion)
2. Renewal and maintenance of the state-owned road network, including frost-proofing and ensuring load-bearing capacity: SEK 197 billion (USD 23.18 billion)
3. Transportation system development: A total of SEK 437 billion (USD 51.41 billion), within which SEK 107 billion (USD 12.59 billion) is to be allocated to new mainlines of high-speed rail and SEK 42 billion (USD 4.94 billion) to county plans.

• Compared to the infrastructure plan for 2018–2029, appropriations for the maintenance of roads and railways have increased by 13 and 25 percent, respectively. The appropriation for the development of the transport system represents a 25 percent increase on the current plan.
• The total cost of the continuation of the current plan and the additional costs amounts to SEK 460 billion (USD 54.12 billion) over the course of the planning period, exceeding the stated financial framework for the development of SEK 437 billion (USD 51.41 billion).
• The Swedish Transport Administration has also analysed whether cost savings can be implemented; and whether it is feasible to postpone or divide into sections certain objects in the current plan. In the assessment of the Swedish Transport Administration, the scope for new investment in the plan over and above the continued expansion of ERTMS and the Government’s preference for bringing forward the construction of the North Bothnia Line is extremely limited.

Sweden Transportation Infrastructure Construction Industry Segmentation

Transportation infrastructure construction refers to a wide range of construction activities involving reforming existing constructions, building new infrastructures, and extending or demolishing projects. 

Sweden's transportation infrastructure construction market is segmented by mode (roadways, railways, airports, ports, and inland waterways) and key cities (Stockholm, Gothenburg, and Malmö). 

The report offers market size and forecasts for Sweden's transportation infrastructure construction market in value (USD) for all the above segments.