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Sweden's Transportation Infrastructure Construction Market is expected to register a CAGR of more than 5% during the forecast period (2022-2027).
COVID-19 affected the transportation sector, and the impact is directly and indirectly, such as a reduction in transit services, constructions slowed down by social distancing factors, affected supply chain, etc. Now the sector is recovering and focusing on developments.
Furthermore, the Swedish government has proposed a SEK 876 billion (USD 105.4 billion) long-term transport infrastructure budget for 2022-2033, which supports the country to become the world's first fossil-free welfare state. To achieve this goal, the government focuses on reducing transport's greenhouse gas emissions. To achieve a 70% reduction by 2030 and net zero emission by 2045. Despite focusing on emission reduction, large amounts of funding are provided to the fossil fuel-reliant road sector.
Moreover, SEK 165 billion will be allocated to railway maintenance and operation. Also, a total of SEK 437 billion has been allocated to develop transport infrastructure across the country, including new rail lines. This financial framework supports the modernization of existing lines, such as Gothenburg - Borås and Hässleholm – Lund. It is also investing in new main lines to increase the rail network's capacity by linking the country's three metropolitan regions of Stockholm, Gothenburg, and Malmö, further contributing to urban development, housing construction, and employment.
Scope of the Report
Transportation infrastructure construction refers to a wide range of construction activities involving reforming existing constructions, building new infrastructures, and extending or demolishing projects. Furthermore, the Sweden Transportation Infrastructure Construction market covers the growing trends, a complete background analysis of the transportation infrastructure construction market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and the impact of COVID – 19 on the market are covered in the report.
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 Billion) for all the above segments.
|Ports and Inland Waterways|
|By Key Cities|
Key Market Trends
Increasing Constructions of Mega Projects
Sweden is planning a huge number of infrastructure projects. For instance, the Stockholm bypass is one of Europe's largest infrastructure projects, currently developing in Sweden's capital. This bypass is an alternate route for the European highway (E4), including an underground motorway below Stockholm. This bypass is built 21 kilometers in length (13 miles), out of which 18 kilometers (11 miles) will be tunnels. This road link reduces the traffic congestion in the city. This project is expected to complete by 2030. By the end of the project, more than 140,000 vehicles will drive through it daily.
Furthermore, the Swedish Transport Administration is planning and constructing new railway lines to improve the country's sustainable travel and freight transport. The East Link project is a new double-track railway line between Järna and Linköping, Gothenburg–Borås, and Hässleholm–Lund. This project covers 160 kilometers of ballasted track, with a top speed of 250 kilometers per hour. Also, the project includes construction works of 24 kilometers of tunnels, 150 bridges, and five stations.
In addition, the East Link Project will procure about 25 main construction contracts, 50 enabling works contracts, and 20 design assignments. The first main construction contract starts in 2022. Furthermore, in 2021, the Stockholm Metro extension has been announced to increase public transportation opportunities. This project relieves heavy Stockholm Metro traffic between T-Centralsen and Slussen. Furthermore, the project includes Sickla – Järla – Nacka extension, Kungsträdgården – Sofia – Hammarby kanal extension, and Gullmarsplan – Slakthusområdet – Sockenplan extension.
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Increasing Investments in Infrastructure Construction Sector
The transportation infrastructure is experiencing significant growth in investments. The Swedish Transport Administration allocated SEK 876 billion (EUR 85,4 billion) to the Swedish government for 2022-2033 under the national infrastructure bill proposal. This bill supports businesses around the country by enhancing commuting options and helping Sweden reach its economic goals. More than 50% of the proposed funding is invested in developing railways and roads in the country. For instance, the government has announced constructing new high-speed railways between Gothenburg, Malmö, and Stockholm.
Furthermore, the Swedish government is modernizing the infrastructure sector while focusing on sustainable mobility. As an initial response to government investment in expanding night train connections between Sweden and the rest of Europe, the Swedish Transport Administration will inaugurate new night train routes between Malmo and Brussels, Stockholm, and Hamburg.
Moreover, the government plans to invest SEK3 billion (EUR 294.7 million) in 2021 to achieve development of sustainable mobility and make more transport options available to citizens in response to anti-Covid measures. In addition, National Plan for Infrastructure is a long plan proposed by the government from 2018 to 2029. The plan covers a total budget of SEK 700 billion. For Västerbotten and Norrbotten, the two northernmost counties in Sweden. More than SEK 622 billion (EUR 61.1 billion) is directly invested in transport infrastructure from the budget. The rest will be raised through taxation, rail fares, and private funds.
Sweden's transportation infrastructure construction market is fairly fragmented, with the top five to ten players accounting for a significant market share. The transportation infrastructure construction sector in the country is made up of both domestic and international enterprises. Some of the major players in the market include ATKINS, Ramboll Group, WSP, and OBRASCON HUARTE LAIN S.A.
March 2022: Itinera (a leading company in constructing roads, motorways, railways, and bridges) wins two contracts for the Stockholm metro expansion project. The length of the project is around 3.6 kilometers, for a total value of EUR 225 million. The first contract relates to constructing a section of the underground, Hammarby Canal, belonging to the Blue Line of the capital. The second contract concerns the construction of Arenastaden – Södra Hagalund, which connects southwards to the Green Line of the Stockholm underground network.
December 2021: Skanska (a multinational construction and development company based in Sweden) has signed a contract with the Stockholm Regional Council, Sweden, to do frame completion and tunnel installations in the extension of the blue metro line from Akalla to Barkarby. The contract is worth about USD 98.5 million, which is included in the order bookings for Sweden in the Q4 of 2021.
Table of Contents
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Government Regulations and Initiatives
4.3 Supply Chain/Value Chain Analysis
4.4 Technology Snapshot and Digital Trends
4.5 Insights on Modernization of the Transportation Infrastructure Sector
4.6 Insights on Major Infrastructure Development Projects
4.7 Market Dynamics
4.7.1 Market Drivers
4.7.2 Market Restraints
4.7.3 Market Opportunities
4.8 Porter's Five Forces Analysis
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Mode
5.1.4 Ports and Inland Waterways
5.2 By Key Cities
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.3 AF Gruppen
6.2.4 Implenia AG
6.2.5 ITINERA S.p.A.
6.2.7 OBRASCON HUARTE LAIN S.A.
6.2.8 Ramboll Group
6.2.10 Sweco AB
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Sweden Transportation Infrastructure Construction Market market is studied from 2018 - 2027.
What is the growth rate of Sweden Transportation Infrastructure Construction Market?
The Sweden Transportation Infrastructure Construction Market is growing at a CAGR of >5% over the next 5 years.
Who are the key players in Sweden Transportation Infrastructure Construction Market?
ATKINS, Ramboll Group, WSP, OBRASCON HUARTE LAIN S.A., Skanska are the major companies operating in Sweden Transportation Infrastructure Construction Market.