Top Manufacturing Companies in Sweden

Get an overview of Sweden’s leading manufacturing companies, including key industry data, company sizes, and revenue insights. Use this information to understand the sector and identify potential partners or prospects.

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Industry Overview

Sweden’s Manufacturing sector is a major Nordic manufacturing base with 75,530 registered companies, representing 16.7% of the Nordic market in this industry. The landscape combines a large pool of small manufacturers (many micro-firms and sole traders) with a measurable cohort of high-revenue industrial leaders (automotive, machinery, and materials firms) that drive the bulk of reported turnover.

Key Statistics

Total companies in Sweden’s Manufacturing: 75,530.
Share of Nordic market: 16.7%.
Major company size distribution (employees):
- 0–4 employees: 23,916 (31.7%).
- 5–9 employees: 4,894 (6.5%).
- 10–49 employees: 5,345 (7.1%).
- 50–99 employees: 835 (1.1%).
- 100–499 employees: 679 (0.9%).
- Over 500 employees: 134 (0.2%).
- Unknown / not reported: 39,727 (52.6%)—note that more than half of the records have no employee size reported, so the above distribution reflects the reported subset.
Average / notable revenue ranges (reported):
- €0–€100k: 15,309 companies (20.3%).
- €100k–€500k: 12,675 (16.8%).
- €500k–€1M: 4,449 (5.9%).
- €1M–€10M: 7,921 (10.5%).
- €10M–€100M: 1,940 (2.6%).
- Over €100M: 338 (0.4%).
- Unknown / not reported: 32,898 (43.6%)—a substantial portion of firms lack disclosed revenue, so revenue concentration estimates should be interpreted with that caveat.
Dominant legal structures:
- Aktiebolag (Private limited company): 53,468—70.8% (the dominant structure and the form used by almost all large, high-revenue firms).
- Enskild näringsidkare (Sole proprietorship): 10,426—13.8% (a meaningful share, especially among smaller operators).
- The remaining forms (handelsbolag, various foundations, kommanditbolag, publikt aktiebolag, etc.) make up the remainder.

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Top Companies by Revenue

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Company	Industry	Location	Revenue (€)
Volvo Personvagnar AB	Automotive & Transport Equipment	Sweden	€26,932,201,000
Volvo Lastvagnar AB	Automotive & Transport Equipment	Sweden	€12,627,420,748
Scania CV AB	Automotive & Transport Equipment	Sweden	€11,563,325,000
Volvo Construction Equipment AB	Construction Equipment	Sweden	€6,420,432,588
SSAB EMEA AB	Steel & Metals Manufacturing	Sweden	€3,752,418,000
Cytiva Sweden AB	Industrial Equipment	Sweden	€2,705,900,019
Volvo Powertrain AB	Automotive & Transport Equipment	Sweden	€2,670,037,202
Skanska Sverige AB	Construction & Civil Engineering	Sweden	€2,385,885,656
NCC Sverige AB	Construction & Civil Engineering	Sweden	€2,105,914,440
Husqvarna AB	Consumer Goods	Sweden	€2,087,406,000
Arla Foods AB	Food & Beverages	Sweden	€1,982,794,599
Epiroc Rock Drills AB	Mining Equipment & Drilling	Sweden	€1,889,303,392
Hitachi Energy Sweden AB	Industrial Technology	Sweden	€1,857,608,000
Essity Hygiene and Health AB	Hygiene & Health Manufacturing	Sweden	€1,704,509,221
ABB AB	Industrial Equipment	Sweden	€1,587,760,000
Billerud Skog & Industri AB	Industrial Equipment	Sweden	€1,480,515,000
Stora Enso AB	Pulp & Paper Manufacturing	Sweden	€1,317,378,000
Aurobay Sweden AB	Automotive Components	Sweden	€1,276,330,844
Outokumpu Stainless AB	Stainless Steel Manufacturing	Sweden	€1,199,987,000
Toyota Material Handling Manufacturing Sweden AB	Electrical Equipment Manufacturing	Sweden	€1,104,843,419
NKT HV Cables AB	Cables & Electrical Manufacturing	Sweden	€1,048,026,709
AAK Sweden AB	Food Processing	Sweden	€1,010,773,000
SKF International AB	Bearings & Engineering	Sweden	€998,896,484
Seco Tools AB	Precision Tools	Sweden	€718,418,680
The Absolut Company AB	Beverage Manufacturing	Sweden	€703,746,140
Atlas Copco Industrial Technique AB	Industrial Equipment	Sweden	€665,893,906
ALSTOM Rail Sweden AB	Rail Manufacturing	Sweden	€665,456,026

Conclusion

Sweden’s manufacturing sector blends a large number of small, often privately owned manufacturers with a clear top tier of very large industrial firms that account for disproportionate revenue. This structure favors B2B opportunities with major OEMs and suppliers while preserving a broad, local supplier base—useful when targeting supply chain partnerships or investment.

Frequently Asked Questions (FAQs)

Sweden has around 75,500 manufacturing companies, accounting for 16.7% of all Nordic manufacturing firms and forming one of the region’s most technologically advanced industrial bases.

The sector is dominated by small and micro-manufacturers, with more than 31% of firms having 0–4 employees. However, Sweden also hosts globally recognized industrial giants in automotive, machinery, metal processing, and equipment manufacturing.

The highest-revenue manufacturers include Volvo Personvagnar, Volvo Lastvagnar, Scania, Volvo Construction Equipment, Husqvarna, ABB, and SSAB, with leading firms generating between €6 billion and €27 billion annually.

Most companies with disclosed data report revenues below €500,000, while a smaller but strategically important segment—about 0.4%—exceeds €100 million, reflecting strong revenue concentration among major industrial leaders.

The majority of companies operate as Aktiebolag (private limited companies), representing more than 70% of all manufacturers. Sole proprietorships account for most micro-scale players.

Sweden stands out for its strong cluster of large, export-driven manufacturers, especially in automotive and engineering, giving it a significantly higher output share than its Nordic peers despite having a moderate share of total companies.