
Finland Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026
Description
Finland Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026
Summary
The Finnish construction industry's output has been relatively flat in recent years, with estimated growth of 0.8% in 2021, reversing the decline of 0.6% in 2020. The industry’s output in the short term is expected to be affected by weakness in economic activity, due to the emergence of the Omicron variant and a resurgence in Coronavirus (COVID-19) cases, along with the subsequent reimposition of containment measures. However, GlobalData expects the industry to post growth of 1.8% in 2022. Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 1.9% between 2023-2026, supported by the government’s focus on the development of infrastructure, as well as energy and utilities construction projects. To achieve sustainable green infrastructure, in April 2021, the Ministry of Transport and Communications in Finland announced EUR6.1 billion ($7.5 billion) for the National Transport System Plan for 2021-2032.
In December 2021, the government approved its EUR64.8 billion ($73.4 billion) 2022 Budget, with a focus on economic recovery and post-pandemic reforms, and the continuity of aid to assist businesses in weathering the economic impact of lockdowns. Of the total budget, EUR1.2 billion ($1.4 billion) is proposed for implementing the Recovery and Resilience Plan, and EUR453 million ($19.6 billion) for energy support. Moreover, the government plans to invest EUR23 billion ($26 billion) to build renewable energy-related infrastructure by 2030.
In January 2022, the European Commission disbursed EUR271 million ($306.5 million) to Finland in pre-financing under the Recovery and Resilience Facility (RRF), which will help to kick-start the implementation of the crucial investment and reform measures outlined in Finland's recovery and resilience plan. The Commission will authorize further disbursements based on the implementation of the investments and reforms outlined in the plan. The country is set to receive EUR2.1 billion ($2.4 billion) in total, fully consisting of grants, over the lifetime of its plan, in order to secure the green transition, support the digital transition and reinforce economic and social resilience in the country.
This report provides detailed market analysis, information and insights into the Finnish construction industry, including -
This report provides a comprehensive analysis of the construction industry in Finland. It provides -
Summary
The Finnish construction industry's output has been relatively flat in recent years, with estimated growth of 0.8% in 2021, reversing the decline of 0.6% in 2020. The industry’s output in the short term is expected to be affected by weakness in economic activity, due to the emergence of the Omicron variant and a resurgence in Coronavirus (COVID-19) cases, along with the subsequent reimposition of containment measures. However, GlobalData expects the industry to post growth of 1.8% in 2022. Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 1.9% between 2023-2026, supported by the government’s focus on the development of infrastructure, as well as energy and utilities construction projects. To achieve sustainable green infrastructure, in April 2021, the Ministry of Transport and Communications in Finland announced EUR6.1 billion ($7.5 billion) for the National Transport System Plan for 2021-2032.
In December 2021, the government approved its EUR64.8 billion ($73.4 billion) 2022 Budget, with a focus on economic recovery and post-pandemic reforms, and the continuity of aid to assist businesses in weathering the economic impact of lockdowns. Of the total budget, EUR1.2 billion ($1.4 billion) is proposed for implementing the Recovery and Resilience Plan, and EUR453 million ($19.6 billion) for energy support. Moreover, the government plans to invest EUR23 billion ($26 billion) to build renewable energy-related infrastructure by 2030.
In January 2022, the European Commission disbursed EUR271 million ($306.5 million) to Finland in pre-financing under the Recovery and Resilience Facility (RRF), which will help to kick-start the implementation of the crucial investment and reform measures outlined in Finland's recovery and resilience plan. The Commission will authorize further disbursements based on the implementation of the investments and reforms outlined in the plan. The country is set to receive EUR2.1 billion ($2.4 billion) in total, fully consisting of grants, over the lifetime of its plan, in order to secure the green transition, support the digital transition and reinforce economic and social resilience in the country.
This report provides detailed market analysis, information and insights into the Finnish construction industry, including -
- The Finnish construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Finnish construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Finland. It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Finland, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
55 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 COVID-19 Status
- 3.5 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 7.4 GlobalData Construction
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Finland, Key Economic Indicators
- Table 3: Finland, Commercial Construction Output by Project Type (Real % Change), 2017-2026
- Table 4: Finland, Top Commercial Construction Projects by Value
- Table 5: Finland, Industrial Construction Output by Project Type (Real % Change), 2017-2026
- Table 6: Finland, Top Industrial Construction Projects by Value
- Table 7: Finland, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
- Table 8: Finland, Top Infrastructure Construction Projects by Value
- Table 9: Finland, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
- Table 10: Finland, Top Energy and Utilities Construction Projects by Value
- Table 11: Finland, Institutional Construction Output by Project Type (Real % Change), 2017-2026
- Table 12: Finland, Top Institutional Construction Projects by Value
- Table 13: Finland, Residential Construction Output by Project Type (Real % Change), 2017-2026
- Table 14: Finland, Top Residential Construction Projects by Value
- Table 15: Finland, Key Contractors
- Table 16: Finland, Key Consultants
- Table 17: Finland, Construction Output Value (Real, $ Million)
- Table 18: Finland, Construction Output Value (Nominal, EUR Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Western Europe, Construction Output (Real % Change), 2020-2026
- Figure 2: Finland, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
- Figure 3: Finland, COVID-19 Confirmed Cases
- Figure 4: Finland, Risk Summary
- Figure 5: Finland, Risk Regional Comparison
- Figure 6: Finland, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026
- Figure 7: Finland, Construction Output Value, by Sector (Real, $ Million), 2017-2026
- Figure 8: Finland, Construction Value Add (EUR Million, 2015 Constant Prices)
- Figure 9: Finland, Gross Fixed Capital Formation (EUR Million, 2015 Constant Prices)
- Figure 10: Finland, Construction Turnover Index (2015=100)
- Figure 11: Finland, Total Building Permits Issued (Unit, Number)
- Figure 12: Finland, Building Cost Index (2015=100)
- Figure 13: Finland, Construction Projects Momentum Index
- Figure 14: Region, Construction Projects Momentum Index
- Figure 15: Finland, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 16: Finland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Finland, Total Tourist Arrivals (in Numbers)
- Figure 18: Finland, Wholesale and Retail Trade Turnover Index (2015=100)
- Figure 19: Finland, Total Commercial and Office Buildings Permits Issued (Unit, Number)
- Figure 20: Finland, Accommodation and Food Service Activities Value Add (EUR Million, 2015 Constant Prices)
- Figure 21: Finland, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 22: Finland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 23: Finland, Manufacturing Turnover Index (2015=100)
- Figure 24: Finland, Industrial Output Index (2015=100)
- Figure 25: Finland, New Orders in Manufacturing Index (2015=100)
- Figure 26: Finland, Manufacturing Value Add (EUR Million, 2015 Constant Prices)
- Figure 27: Finland, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 28: Finland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Finland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 30: Finland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Finland, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 32: Finland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Finland, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
- Figure 34: Finland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Finland, Residential Building Permits (in Number)
- Figure 36: Finland, Residential Building starts (in Number)
- Figure 37: Finland, Residential Building Cost Index (2015=100)
- Figure 38: Finland, Housing Price Index (2015=100)
- Figure 39: Finland, Real Estate Value Add (EUR Million, 2015 Constant Prices)
- Figure 40: Finland, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 41: Finland, Headquarters of Key Consultants (% of Total Project Pipeline)
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