Forecast: Production in Building Completion and Finishing Sector in Sweden

The Building Completion and Finishing Sector in Sweden has shown a steady growth trajectory over the years. From 2013 to 2023, the sector's production value has increased from 62.93 Billion Swedish Kronas to 113.72 Billion Swedish Kronas. This period has seen notable year-on-year variations, with significant increases in 2015 and 2017. The sector experienced a 15.16% growth in 2015 and 10.9% in 2017, suggesting robust expansion phases during these years.

In recent years, growth has moderated with a 2.56% increase in 2019, followed by 2.45% in 2020. The last recorded data in 2023 indicated a modest growth rate of 3.64%. The Compound Annual Growth Rate (CAGR) has been decreasing over the years, with the 5-year CAGR in 2023 standing at 3.42%.

Future trends to watch for:

• With a forecasted 5-year CAGR of 2.49% from 2024 to 2028, the sector is expected to continue growing but at a slower pace.
• Technological advancements and sustainable building practices could play key roles in shaping future growth drivers within the sector.
• Policy changes and economic conditions in Sweden will be crucial factors influencing the sector's trajectory.