Sweden Construction Equipment Market to Witness Sale of 35K Units by 2028. The Market to be Worth $1.9 Billion | Arizton

According to Arizton's latest research report, the Sweden construction market growing at a CAGR of 4.38% from 2022 to 2027. Investment in transport & infrastructure, a surge in demand for minerals, and the investment in wind power generation projects by the government to become a net-zero carbon economy are the major drivers in the Sweden construction equipment market.

MARKET SEGMENTATION
Type
• Earthmoving Equipment:
o Excavator
o Backhoe Loaders
o Motor Graders
o Other Earthmoving Equipment (Other loaders, Bulldozers, Trenchers)
• Road Construction Equipment
o Road Rollers
o Asphalt Pavers
• Material Handling Equipment
o Crane
o Forklift & Telescopic Handlers
o Aerial Platforms (Articulated Boom Lifts, Telescopic Boom lifts, Scissor lifts)
End Users
o Construction
o Manufacturing
o Mining
o Others

Material handling equipment is used in construction, manufacturing, cargo handling, and mining industries. The rise in urbanization including the construction of airports, metro lines, roads, and highways is expected to support the high demand for material handling equipment. Investments in infrastructure, manufacturing, and cargo handling industries in Sweden had witnessed growth in 2021. Similarly, the growth in manufacturing and cargo handling industries is expected to boost the material handling market in Sweden. Material Handling accounted for 84.5% of the Sweden road construction equipment market in 2021.

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