The "Finland Construction Market Size, Trends, and Forecasts by Sector Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.
Following a sharp annual decline of 10.6% in 2023, construction industry in Finland to shrink further in real terms by 7.6% in 2024, owing to high interest rates, weak investor confidence amid declining building permits, coupled with a continued increase in bankruptcies in construction companies are driving the slowdown in construction projects.
According to Statistics Finland, the total number of building permits fell by 13.2% year on year (YoY) in the first four months of 2024, following an annual fall of 26.8% in 2023. According to Statistics Finland, 415 construction companies went bankrupt during the first half of 2024, an increase of 5.9% compared to the same period in 2023. This was preceded by an annual increase of 38.7% in 2023.
Over the remainder of the forecast period, the construction industry is expected to recover and register an average annual growth rate of 3.6% from 2025 to 2028, supported by public and private sector investments in the industrial, renewable energy and transport infrastructure construction. Over the forecast period, Finland's growth will also supported by the government's goal to generate 10% of all green hydrogen in Europe by 2030.
This will be achieved by doubling the amount of hydrogen produced in the country from 140 kilotons per year in 2023. The Finnish Transport Infrastructure Agency introduced a new investment initiative as part of the National Transport System Plan (Transport 12) in March 2024. This program includes EUR2.8 billion ($3 billion) in funding for rail, road, and waterway projects in the country, in addition to another EUR744 million ($788.6 million) for transportation renovation projects from 2025 to 2032.
Scope
- Historical (2019-2023) and forecast (2024-2028) 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
Reasons to Buy
- Identify and evaluate market opportunities using the analyst'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 the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
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 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
For more information about this report visit https://www.researchandmarkets.com/r/o0dt8s
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