Construction in Finland - Key Trends and Opportunities to 2017

Date Published: 2013-05-07

Abstract
The Construction in Finland report provides detailed market analysis, information and insights into the Finnish construction market, including: o The Finnish construction market's growth prospects by sector, project type and type of construction activity o Analysis of equipment, material and service costs across each project type within Finland o Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Finnish construction market o Assessment of the competitive forces facing the construction industry in Finland and profiles of the leading players o Data highlights of the largest construction projects in Finland.
Description
The Finnish construction industry is experiencing a period of weakness. In 2012 construction gross value-added contracted by 2.3%, with the pace of decline accelerating during the year. The industry registered a CAGR of -1.16% during the review period but is expected to grow at a CAGR of 3.35% over the forecast period. Investor sentiment is low due to the Eurozone crisis and people are opting to wait until the economic scenario improves. The rise in income levels in the past three years and solid demand from the retail and tourism market is expected to boost the industry. Finland will also benefit from its strategic location in Northern Europe and a relatively stable economic environment compared to other EU members. Finland is playing a role in several infrastructure projects currently underway in Northern Europe such as the Bothnian Corridor and the Nordic Triangle, which will enable the cross-country flow of goods between Northern Europe and the rest of the EU. The institutional construction market is expected to record moderate growth during the forecast period, driven by the rapidly aging population, and an emphasis on improving the education system and innovation. Low interest rates, migration to urban regions and a rise in income levels are expected to drive the expansion of the residential construction market. However, growth is expected to be moderate at best, constrained by fairly low GDP growth. Scope This report provides a comprehensive analysis of the construction industry in Finland: o Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Finland using the construction output and value-add methods o Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type o 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) o Analysis of key construction industry issues, including regulation, cost management, funding and pricing o Assessment of the competitive environment using Porter\'s Five Forces o Detailed profiles of the leading construction companies in Finland. For further information and to purchase please click here.