In 2023, the turnover of building completion and finishing in Sweden stood at 11.79 billion Euros. This reflects a 3.89% year-on-year increase from the previous year. Analyzing the last two years, the industry experienced fluctuations with a marked 13.15% growth in 2021 and a modest 4.09% in 2022. Over the past five years, the compound annual growth rate (CAGR) averaged 4.61%. When considering the period from 2013 to 2023, the turnover consistently increased, albeit with occasional minor declines, such as in 2019. Looking forward to 2028, the forecasted CAGR over the next five years is 2.65%, anticipating a total growth of 13.95%.
Future trends to watch for include:
- Technological advancements and automation in building finishing processes.
- Increased focus on sustainable and eco-friendly construction materials.
- Potential regulatory changes impacting the construction industry.
- Economic fluctuations influencing construction investment.
- Urban development and housing demand driving market growth.
