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The Sweden construction equipment market is projected to experience a compound annual growth rate (CAGR) of over 4% itibaren 2021 ile 2028. By 2028, it is expected to reach $2 milyar, compared to approximately $1 milyar 2021. It is estimated that around 35,000 units of construction equipment will be sold in Sweden by 2028. This growth can be primarily attributed to the government’s investments in public infrastructure, road construction, and renewable energy projects.

İçinde 2021, the Swedish government eased foreign investment regulations in the construction, transport, and renewable energy sectors. Sweden boasts a robust manufacturing and industrial engineering sector, which contributes about 20% to the country’s GDP. The services and manufacturing industries accounted for over 50% of foreign direct investment inflow in 2021.

To support infrastructure development, the Swedish government allocated $86.9 billion of funds for 12 years as part of the national transport development plan in 2021. This plan includes investments of $71.2 billion for new construction, refurbishment, and infrastructure modernization. The government also plans to triple mining output by 2025. Sonuç olarak, the construction and mining industries are expected to drive the demand for construction equipment in Sweden.

Sweden ranks 10th in the ease of doing business index among 190 countries, making it an attractive market for new technologies. The country has well-developed information and communications technology (ICT) and industrial internet sectors, facilitating effective collaboration across industries, academia, and government. Major cities such as Stockholm, Uppsala, and Oster Gotland accounted for approximately 66% of the overall GDP in 2021.

Notable infrastructure projects in progress in 2022 include the Stockholm Arlanda Airport ($200 milyon), North Bothnia rail line ($2.9 milyar), double track between Angelholm and Helsingborg region ($200 milyon), Olskroken Project ($400 milyon), Onshore Wind Farm Markbygden Vind AB, Stockholm Bypass Project ($3.7 milyar), and Motorway Construction Road between intersection Ronneby East and Nattraby.

The Swedish government proposed an investment of $89.6 billion over the next twelve years to maintain, expand, and develop the country’s transport infrastructure as part of the transport development plan in 2021. The government also aims to invest in airport development, railway lines, roads, and bridges across major cities in the country.

Demand for minerals and metals experienced a surge in the global market in 2021 due to increased economic activities post-pandemic. In response, Sweden’s government aims to triple mineral production by 2025, leading to growth in the country’s mining industry. With its abundant iron ore reserves, the government is particularly focused on increasing iron production by 2025. This growth in the mining sector is expected to drive the demand for large excavators, wheeled loaders, and cranes in the Swedish construction equipment market.

Sweden aims to produce 100% of its electricity from renewable energy sources by 2040. İçinde 2020, the country had a wind power capacity of 12.8 GW, and this capacity grew by 2.7 GW in 2021 with the addition of new wind power generation plants. The government targets an accumulated installed wind power capacity of 17 GW by 2024. There are plans for 58 onshore and offshore wind projects worth $25 billion over the next five years. Notable projects include the Onshore Wind Farm Markbygden Vind AB in northern Sweden with a total capacity of 4,061 MW and the Baltic Sea Offshore Wind Farm Kriegers Flak between Sweden and Germany with a capacity of up to 640 MW.

The demand for rental construction equipment has been increasing since 2019 with the rise in infrastructure development across Sweden. İçinde 2021, there was a further push for rental equipment to reduce costs associated with purchasing new equipment. Civil engineering and redevelopment projects have been driving the demand for rental construction equipment in the Swedish market. Commercial, office, and healthcare building construction projects also contribute to the increased demand for rental equipment in 2021.

According to Per Geber, CEO of Rental Company DKLBC, the construction equipment rental business has grown by approximately 40% in Sweden. Rental equipment is in high demand among significant construction companies, machine contractors, and private individuals. Rental construction equipment provides a cost-efficient and flexible solution that meets customers’ requirements on short notice. However, this rise in rental equipment demand may impact the sales growth of new construction equipment during the forecast period.

Sweden has been grappling with severe housing shortages since 2017. The government’s old and rigid rent control policies discourage the construction of new rental properties due to low-profit margins for house owners and builders. bunlara ek olarak, increased mortgage taxes imposed by the government hamper the housing market.

İçinde 2021, the demand for housing declined due to rising central bank interest rates, leading to inflation and reduced buying capacity for consumers. Government data suggests that 70% of Sweden’s municipalities will face severe housing shortages in 2021. Poor housing schemes and increasing taxes are expected to negatively impact the demand for housing businesses in 2022.

Sweden possesses significant reserves of cobalt, phosphate, and graphite. Various mineral extraction projects are currently underway in Lovisagruvan, Zinkgruvan, and Aitik mines.

The demand for large excavators with high lifting capacity increased in 2021, leading major OEMs to develop sizable and flexible excavators to cater to the Swedish market’s needs. For instance, Volvo Construction Equipment launched the EC950F large excavator with a lifting capacity of 34 tons. With the growth of mining activities in Sweden, other OEMs such as Caterpillar, Hitachi, and Komatsu are also expected to focus on developing excavators with high lifting capacity for the local market.

Green hydrogen fuel cell technology, which utilizes clean energy resources to produce hydrogen fuel cells for powering construction equipment, is experiencing growing demand in heavier equipment due to its environmental benefits. Volvo Construction Equipment established a hydrogen fuel cell test lab in 2021 and launched green hydrogen fuel technology, which is expected to be used in newly released equipment in the Swedish market. This technology aligns with Volvo Construction Equipment’s goal of becoming a fossil-free manufacturer by 2040.

Among various segments, material handling equipment holds the largest share in the Swedish market compared to earthmoving and road construction equipment. Forklifts particularly dominate the material handling segment. Government investments in road construction, infrastructure development, housing projects, smart cities, and renewable energy projects, such as wind and solar, are anticipated to drive the demand for material handling equipment in Sweden throughout the forecast period.

The government’s national transport development plan and increasing focus on renewable energy projects serve as major economic drivers for the recovery and growth of the construction equipment market. Investments in solar roof panels and wind power projects are expected to fuel the demand for excavators and cranes in the Swedish market.

The demand for electric machinery is expected to rise in the Swedish market in 2021. For example, Volvo Construction Equipment has launched new series of electric excavators and loaders in Sweden.

Key players in the Swedish construction equipment market include Volvo Construction Equipment and Caterpillar. These companies have introduced advanced technologies such as automation and green hydrogen fuel in response to market demands in Sweden.

Pazar Segmentasyonu

Pazar çeşitli faktörlere göre bölümlere ayrılmıştır, including type and end user.

Segmentation by Type
Earthmoving Equipment – Excavator, Backhoe Loaders, Motor Graders, Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
Material Handling Equipment – Crane, Forklift & Telescopic Handlers, Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
Road Construction Equipment – Road Rollers, Asphalt Pavers

Segmentation by End Users
Yapı
Manufacturing
Mining
Diğerleri

The earthmoving equipment segment held a revenue share of 14.9% in the Swedish construction equipment market in 2021. This segment is projected to grow at a compound annual growth rate (CAGR) ile ilgili 6.97% and reach 6,311 units by 2028. While the earthmoving equipment segment had the least prominent share in the market in 2021, its demand is anticipated to grow at a faster pace compared to other types of construction equipment.

Meanwhile, the construction industry accounted for a significant revenue share of 59.1% in the Swedish construction equipment market in 2021. The adoption of construction equipment within the construction industry is expected to grow at a CAGR of 4.77% and reach 21,784 units by 2028. The Swedish construction industry plays a crucial role in contributing to the country’s GDP. Furthermore, government infrastructure development plans will be a driving force behind the increased construction activities throughout the nation.

Rekabetçi Ortam

Volvo Construction Equipment, Caterpillar, Kubota, Komatsu, and Liebherr collectively hold a market share of 54% in the construction equipment market.

Volvo Construction Equipment is the leading player in the Sweden market, accounting for the largest share. The company operates four manufacturing units in the Braas, Eskilstuna, Hallsberg, and Gothenburg regions.

Prominent vendors in the market include Volvo Construction Equipment, Caterpillar, Hitachi Construction Equipment, Komatsu, Liebherr, Kubota, JCB, Hyundai Construction Equipment, and Kobelco.

Additional noteworthy vendors in the market are Liu Gong, Yanmar, Case Construction Equipment, and Terex Corporation.

Cevaplanan Anahtar Sorular

WHAT IS THE GROWTH RATE OF THE CONSTRUCTION EQUIPMENT MARKET IN SWEDEN?

The construction equipment market in Sweden is projected to grow at a compound annual growth rate (CAGR) ile ilgili 4.38% during the period of 2022-2028.

WHO ARE THE KEY PLAYERS IN THE SWEDEN CONSTRUCTION MACHINERY MARKET?

Prominent players in the Sweden construction machinery market include Volvo Construction Equipment, Caterpillar, Hitachi Construction Machinery, Komatsu, Liebherr, Kubota, JCB, Hyundai Construction Equipment, and Kobelco.

WHAT ARE THE MARKET OPPORTUNITIES FOR PLAYERS IN THE SWEDEN CONSTRUCTION EQUIPMENT INDUSTRY?

Opportunities for players in the Sweden construction equipment industry include a growing demand for large flexible excavators driven by mining projects, as well as the adoption of green hydrogen fuel technology in construction equipment to achieve carbon-free goals.

WHAT ARE THE NEW INDUSTRY TRENDS IMPACTING THE GROWTH OF THE SWEDEN CONSTRUCTION EQUIPMENT MARKET?

The rapid increase in infrastructural development in Sweden is expected to have a significant impact on the growth of the construction equipment market in the country.

HOW WILL EARTHMOVING EQUIPMENT CONTRIBUTE TO THE GROWTH IN THE SWEDEN CONSTRUCTION EQUIPMENT INDUSTRY?

The demand for earthmoving equipment is anticipated to contribute significantly to the growth of the construction equipment industry in Sweden due to the upsurge in public infrastructure and mining projects throughout the nation.