Forecast: Turnover in Manufacture of Structural Metal Products Sector in Sweden

The turnover in the Manufacture of Structural Metal Products sector in Sweden has shown an upward trend from 2013 to 2023, with fluctuations. In 2023, the turnover stood at 37.97 Billion Swedish Kronas. Significant growth years include 2019 with a 28.95% increase and 2022 with an 11.92% rise. However, in 2020, the sector faced a downturn, plummeting by 29.03%. Over the last two years (2022-2023), the sector grew by 7.79% year-on-year, while the last five years saw a CAGR of 5.53%. Forecasts indicate a moderate growth rate with a 5.75% overall increase and a 1.12% forecasted 5-year CAGR by 2028.

Future trends to watch for include:

• Technological innovations and automation potentially boosting productivity and efficiency.
• Sustainability trends influencing material selection and manufacturing processes.
• Market demand fluctuations driven by the construction and infrastructure sectors.
• Global economic factors and trade policies affecting raw material supply and pricing.
• The impact of regulatory changes and environmental standards on operational costs.

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