Sweden is a land of opportunities and every type of business and job is available there. If you are the one who is looking for a suitable place where you can try your skills and prove yourself as an expert. There are various industries in Sweden. From travelling to visiting, every industry has been booming here for the past few years.
In 2008 continuous progress was observed in almost every industry. Since 2011, steady growth can be observed. This shows the confidence of customers in these industries. This growth attitude of companies and the progress they are making attract a lot of investors to try to get in and make an investment in Sweden.
However, before investing, you must be aware of some of the top-listed booming industries. This would make your decision easy and you will never hesitate to invest in any one of them. Following is a list of such industries.
Transportation and Automotive Technology
Sweden consists of numerous islands and is well known for its transportation among these islands. The growth rate of this business has jumped to 40 percent more in the previous few years. 2009 to 2010 was considered as the evolutionary period for that industry. This transportation industry is not limited to some cars only. It includes a variety of loader vehicles and boats as well.
The automotive industry depends upon the smaller industries of different parts and systems of vehicles. In Sweden, there is a continuous chain of such smaller industries and it ranges up to 1200. New technology is continuously introduced by Sweden in this field. In 2014, natural gas engines were introduced by them as well.
Life Sciences
You might not be expecting to see this one on this list, but if you have some knowledge about Sweden’s economy you can understand why it makes it to this list. The pharmaceutical companies also come under the life sciences department, and in Sweden, these are probably some of the world’s best pharmaceutical industries. 20 percent of the export-driven economy of Sweden depends upon it.
Other fields of life sciences are also well developed there. It is ranked 3rd in the list of the world’s top countries on the basis of per capita life sciences patents. Moreover, there are more than 30,000 active employees in this field.
Tourism
Travel and tourism have always been great industries in Sweden. The reason behind this is the beautiful sceneries and natural beauty present there. This mountainous region is the 1st choice of many hikers, as they can enjoy many other things here along with hiking. The islands and lakes surrounding them are some of the world’s favourite tourist destinations. You can estimate the touring industry’s progress in Sweden by the stats of tourists in previous years. The number has not gotten below 10 million people since the previous 2 decades.
These tourists spent billions of dollars in Sweden’s historical and cultural cities. In the touring and travelling department, there are more than 160,000 employees in Sweden. Last year, due to the coronavirus pandemic, a number of new travelling destinations were yet to be uncovered. This will result in almost doubling the number of tourists per year and currently, this is the best option to invest in this industry.
Forestry
The forestry industry is one of the most booming industries in Sweden. Surrounded by a lot of forests, Sweden is an important country in terms of forestry. You can estimate it by the fact that Sweden contains one percent of the total world’s commercial forests. However, when it comes to the products of these forests i.e. timber, paper, wood logs, and pulp, Sweden supplies 10 percent of the total world. Moreover, these forests are also helping in maintaining the climate of this region.
70 percent of the total land area of Sweden is covered by forests and this will definitely mean that forestry is well developed there. 60,000 people are directly employed in the forestry department, and indirectly 200,000 more employees are also attached to it.
Make a Sweden work permit decision and start a job in any of these industries or invest there as these are expected to grow continuously in the future as well. The chances of a decrease in the growth of these industries are very rare.