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Construction in Finland – Key Trends and Opportunities to 2021

Construction in Finland – Key Trends and Opportunities to 2021

Synopsis

The Finnish construction industry gained traction during 2015–2016, following an average annual contraction of 3.8% in real terms during 2012–2014. This growth in the industry was supported by a gradual improvement in regional economic conditions and restored business confidence, which in turn increased the pace of construction activity in the country.

Over the forecast period (2017–2021), the industry’s expansion is expected to be supported by a revival in investor confidence, which is expected to add momentum to the flow of public and private sector investments in residential, commercial and transport infrastructure projects.

Industry growth is expected to be supported by the government’s effort to upgrade the country’s infrastructure through the implementation of government flagship programs such as the General Government Fiscal Plan for 2017−2020 and the National Energy and Climate Strategy 2030. The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.18% over the forecast period, compared to 1.00% during the review period (2012–2016).

Summary

Timetric’s Construction in Finland – Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Finnish construction industry
  • Profiles of the leading operators in the Finnish construction industry
Scope

This report provides a comprehensive analysis of the construction industry in Finland. It provides:
  • Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Finland using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Detailed profiles of the leading construction companies in Finland
Reasons To Buy
  • Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Key Highlights
  • In order to accommodate the growing number of passenger volumes, the Finnish Civil Aviation Administration is expanding the Helsinki-Vantaa airport with a total investment of EUR1.1 billion (US$1.4 billion). Upon its successful completion in 2021, the airport is expected to handle 20.0 million passengers every year.
  • The government’s efforts to bridge the gap between housing demand and supply in the country is expected to support the expansion of the residential construction market over the forecast period. According to Timetric, the residential construction market is expected to maintain its leading share in the industry over the forecast period, to account for 34.5% of the industry’s total value in 2021.
  • In a bid to upgrade the country’s energy infrastructure, the Energy Authority of Finland is implementing the Main Grid Development Plan 2015–2025. With a total investment of EUR1.2 billion (US$1.3 billion), the plan includes the construction of 30 new substations, 3,000 km of transmission and distribution lines, and the installation of power transformers, cable towers and safety systems across the country by 2025.
  • As a part of the General Government Fiscal Plan for 2017−2020, the government announced plans to invest EUR700.0 million (US$774.0 million) until 2020 to develop various transport infrastructure projects in the country. According to Timetric, the infrastructure construction market is expected to post a nominal forecast-period CAGR of 4.29%, as compared to 1.13% registered during the review period.
  • Under the National Energy and Climate Strategy 2030, the government aims to meet the country’s energy needs, primarily through electricity generated from renewable sources. Accordingly, in April 2016 the Finnish Wind Energy Association announced plans to implement the Wind Farms Program until 2020. With a total investment of EUR1.0 billion (US$1.1 billion), the program includes the construction of several wind farms across the country, with a combined capacity of 759.0MW.


  • Executive Summary
  • Industry Outlook
    • Commercial Construction
    • Industrial Construction
    • Infrastructure Construction
    • Energy and Utilities Construction
    • Institutional Construction
    • Residential Construction
  • Key Issues and Developments
  • Market Data Analysis
    • Construction Output and Value Add
      • Construction output by project type
        • Table Finnish Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Construction Output by Project Type (EUR Million), 2016-2021
      • Construction output by cost type
        • Table Finnish Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Construction Output by Cost Type (EUR Million), 2016-2021
      • Construction output by activity type
        • Table Finnish Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Construction Output by Activity Type (EUR Million), 2016-2021
      • Construction value add by project type
        • Table Finnish Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Construction Value Add by Project Type (EUR Million), 2016-2021
    • Commercial Construction
      • Commercial construction output by project type
        • Table Finnish Commercial Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Commercial Construction Output by Project Type (EUR Million), 2016-2021
      • Commercial construction output by cost type
        • Table Finnish Commercial Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Commercial Construction Output by Cost Type (EUR Million), 2016-2021
      • Commercial construction output by activity type
        • Table Finnish Commercial Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Commercial Construction Output by Activity Type (EUR Million), 2016-2021
      • Commercial construction value add by project type
        • Table Finnish Commercial Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Commercial Construction Value Add by Project Type (EUR Million), 2016-2021
    • Industrial Construction
      • Industrial construction output by project type
        • Table Finnish Industrial Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Industrial Construction Output by Project Type (EUR Million), 2016-2021
      • Industrial construction output by cost type
        • Table Finnish Industrial Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Industrial Construction Output by Cost Type (EUR Million), 2016-2021
      • Industrial construction output by activity type
        • Table Finnish Industrial Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Industrial Construction Output by Activity Type (EUR Million), 2016-2021
      • Industrial construction value add by project type
        • Table Finnish Industrial Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Industrial Construction Value Add by Project Type (EUR Million), 2016-2021
    • Infrastructure Construction
      • Infrastructure construction output by project type
        • Table Finnish Infrastructure Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Infrastructure Construction Output by Project Type (EUR Million), 2016-2021
      • Infrastructure construction output by cost type
        • Table Finnish Infrastructure Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Infrastructure Construction Output by Cost Type (EUR Million), 2016-2021
      • Infrastructure construction output by activity type
        • Table Finnish Infrastructure Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Infrastructure Construction Output by Activity Type (EUR Million), 2016-2021
      • Infrastructure construction value add by project type
        • Table Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 2016-2021
    • Energy and Utilities Construction
      • Energy and utilities construction output by project type
        • Table Finnish Energy and Utilities Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Energy and Utilities Construction Output by Project Type (EUR Million), 2016-2021
      • Energy and utilities construction output by cost type
        • Table Finnish Energy and Utilities Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Energy and Utilities Construction Output by Cost Type (EUR Million), 2016-2021
      • Energy and utilities construction output by activity type
        • Table Finnish Energy and Utilities Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Energy and Utilities Construction Output by Activity Type (EUR Million), 2016-2021
      • Energy and utilities construction value add by project type
        • Table Finnish Energy and Utilities Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Energy and Utilities Construction Value Add by Project Type (EUR Million), 2016-2021
    • Institutional Construction
      • Institutional construction output by project type
        • Table Finnish Institutional Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Institutional Construction Output by Project Type (EUR Million), 2016-2021
      • Institutional construction output by cost type
        • Table Finnish Institutional Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Institutional Construction Output by Cost Type (EUR Million), 2016-2021
      • Institutional construction output by activity type
        • Table Finnish Institutional Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Institutional Construction Output by Activity Type (EUR Million), 2016-2021
      • Institutional construction value add by project type
        • Table Finnish Institutional Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Institutional Construction Value Add by Project Type (EUR Million), 2016-2021
    • Residential Construction
      • Residential construction output by project type
        • Table Finnish Residential Construction Output by Project Type (EUR Million), 2012-2016
        • Table Finnish Residential Construction Output by Project Type (EUR Million), 2016-2021
      • Residential construction output by cost type
        • Table Finnish Residential Construction Output by Cost Type (EUR Million), 2012-2016
        • Table Finnish Residential Construction Output by Cost Type (EUR Million), 2016-2021
      • Residential construction output by activity type
        • Table Finnish Residential Construction Output by Activity Type (EUR Million), 2012-2016
        • Table Finnish Residential Construction Output by Activity Type (EUR Million), 2016-2021
      • Residential construction value add by project type
        • Table Finnish Residential Construction Value Add by Project Type (EUR Million), 2012-2016
        • Table Finnish Residential Construction Value Add by Project Type (EUR Million), 2016-2021
  • Company Profile: YIT Corporation
    • YIT Corporation - Company Overview
      • Table YIT Corporation, Key Facts
    • YIT Corporation - Business Description
    • YIT Corporation - Main Services
      • Table YIT Corporation, Main Services
    • YIT Corporation - History
      • Table YIT Corporation, History
    • YIT Corporation - Company Information
      • YIT Corporation - key competitors
      • YIT Corporation - key employees
        • Table YIT Corporation, Key Employees
  • Company Profile: Lemminkainen Oyj
    • Lemminkainen Oyj - Company Overview
      • Table Lemminkainen Oyj, Key Facts
    • Lemminkainen Oyj - Business Description
    • Lemminkainen Oyj - Main Products and Services
      • Table Lemminkainen Oyj, Main Products and Services
    • Lemminkainen Oyj - History
      • Table Lemminkainen Oyj, History
    • Lemminkainen Oyj - Company Information
      • Lemminkainen Oyj - key competitors
      • Lemminkainen Oyj - key employees
        • Table Lemminkainen Oyj, Key Employees
  • Company Profile: SRV Group Plc
    • SRV Group Plc - Company Overview
      • Table SRV Group Plc, Key Facts
    • SRV Group Plc - Main Services
      • Table SRV Group Plc, Main Services
    • SRV Group Plc - History
      • Table SRV Group Plc, History
    • SRV Group Plc - Company Information
      • SRV Group Plc - key competitors
      • SRV Group Plc - key employees
        • Table SRV Group Plc, Key Employees
  • Company Profile: Fira Oy
    • Fira Oy - Company Overview
      • Table Fira Oy, Key Facts
    • Fira Oy - Main Services
      • Table Fira Oy, Main Services
    • Fira Oy - History
      • Table Fira Oy, History
    • Fira Oy - Company Information
      • Fira Oy - key competitors
      • Fira Oy - key employees
        • Table Fira Oy, Key Employees
  • Company Profile: Hartela Yhtiot Oy
    • Hartela Yhtiot Oy - Company Overview
      • Table Hartela Yhtiot Oy, Key Facts
    • Hartela Yhtiot Oy - Main Services
      • Table Hartela Yhtiot Oy, Main Services
    • Hartela Yhtiot Oy - History
      • Table Hartela Yhtiot Oy, History
    • Hartela Yhtiot Oy - Company Information
      • Hartela Yhtiot Oy - key competitors
      • Hartela Yhtiot Oy - key employees
        • Table Hartela Yhtiot Oy, Key Employees
  • Appendix
    • What is this Report About?
    • Definitions
      • Table Timetric Construction Market Definitions
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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