The production in the Demolition and Site Preparation sector in Sweden has experienced steady growth over the past decade. From 50.63 billion Swedish Kronas in 2013, it reached 102.26 billion Swedish Kronas in 2023. This represents a significant increase of approximately 4.46% in year-on-year variation for 2023. Over the last two years, the year-on-year variations have been 4.71% in 2022 and 4.46% in 2023, reflecting a moderate but steady increase in sector production.
Analyzing the trends over the last five years, the sector has witnessed a Compound Annual Growth Rate (CAGR) of 4.19%, suggesting a consistent upward trend. The future projections for the next five years (from 2024 to 2028) show the sector continuing to grow, with a forecasted 5-year CAGR of 2.99% and an overall growth rate of 15.84%, reaching approximately 123.48 billion Swedish Kronas by 2028.
Future trends to watch for in this sector include advancements in demolition technologies, increased emphasis on sustainable site preparation practices, and potential regulatory changes aimed at minimizing environmental impacts. These factors could further influence production volumes and sector growth.
