In 2023, the total hours worked in the construction of bridges and tunnels in Sweden reached 2.8322 million hours. Analyzing the variations, the year-on-year increase for 2022 was 8.99%, followed by an 8.16% rise in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged 9.25%. Historically, the sector has shown significant fluctuations, including a notable dip in 2016. However, recent years have demonstrated consistent growth.
Future trends to watch for include:
- A projected CAGR of 4.92% over the next five years, with an overall forecasted growth rate of 27.13% by 2028.- Continued investments in infrastructure and urban development which may further drive the demand for construction hours.
