Finland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

The Construction in Finland - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information, and insights into Finland’s construction industry, including:

Finland’s 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 Finland’s construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

The analyst expects Finland’s construction industry to expand by 4.2% in 2025, supported by increased civil engineering activity, combined with investments in renewable energy, transportation, industrial and office projects. According to preliminary data released by Statistics Finland, their civil engineering construction production index grew by 9.2% year on year (YoY) in the first eleven months of 2024, preceded declining by 2.7% in 2023. Moreover, the civil engineering construction turnover index grew by 4.6% YoY in the first eleven months of 2024, preceded declining by 5.8% in 2023. Furthermore, in January 2025, the Finnish government approved the budget plan for 2025, with expenditure totaling EUR88.8 billion ($94.4 billion) and a revenue of EUR76.6 billion ($81.5 billion). Hence, increased fiscal stimulus is expected to drive construction growth across 2025.

Over the remainder of the forecast period, the construction industry is expected to register annual average growth of 3.4% between 2026 and 2029, supported by the government’s focus on the development of infrastructure, as well as energy and utilities construction projects. In December 2024, the European Investment Fund (EIF) announced that it would provide a syndicate of loans to Finnish companies totaling up-to EUR437 million ($464.7 million); specifically, these loans will support green energy and digitalization projects for small and medium-sized enterprises (SMEs). Additionally, the guarantees are backed by the European Commission's Invest EU program, which aims to mobilize over EUR370 billion ($393.5 billion) in public and private investment between 2021 and 2027 to support EU policy priorities, including the green and digital transitions. Moreover, the National Transport System Plan for 2021-2032, under which, the government plans to spend EUR20 billion ($21.3 billion) to upgrade the country’s transport infrastructure over the 12-year period, with EUR6 billion ($6.4 billion) spending towards infrastructure network development projects.

Scope

This report provides a comprehensive analysis of the construction industry in Finland. It provides:

Historical (2020-2024) and forecast (2025-2029) 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 our 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 business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 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

4.8 Contractors
4.9 Consultants

5 Construction Market Data

6 Appendix

6.1 What is this Report About?
6.2 Definitions
6.3 CRI Methodology

About the Analyst
Contact the Publisher

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), 2019-28
Table 4: Finland, Top Commercial Construction Projects by Value
Table 5: Finland, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Finland, Top Industrial Construction Projects by Value
Table 7: Finland, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Finland, Top Infrastructure Construction Projects by Value
Table 9: Finland, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Finland, Top Energy and Utilities Construction Projects by Value
Table 11: Finland, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Finland, Top Institutional Construction Projects by Value
Table 13: Finland, Residential Construction Output by Project Type (Real % Change), 2020-29
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: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2023-29
Figure 2: Finland, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Finland, Risk Summary
Figure 4: Finland, Risk Regional Comparison
Figure 5: Finland, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Finland, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Finland, Construction Value-add (EUR Million, 2020 Constant Prices)
Figure 8: Finland, Gross Fixed Capital Formation (EUR Million, 2020 Constant Prices)
Figure 9: Finland, Construction Turnover Index (2021=100)
Figure 10: Finland, Construction Production Index (2021=100)
Figure 11: Finland, Employment in the Construction Industry
Figure 12: Finland, Building Cost Index (2021=100)
Figure 13: Finland, Producer Price Indices of Concrete, Plaster and Cement Products (2021=100)
Figure 14: Finland, Total Building Permits Issued (Unit, Number)
Figure 15: Finland, Construction Projects Momentum Index
Figure 16: Western Europe, Construction Projects Momentum Index
Figure 17: Finland, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 18: Finland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Finland, Total Tourist Arrivals (In Numbers)
Figure 20: Finland, Total Overnight stays (In numbers)
Figure 21: Finland, Commercial and Office Building Permits Issued (Unit, Number)
Figure 22: Finland, Warehouse Building Permits Issued (Unit, Number)
Figure 23: Finland, Agricultural Building Permits Issued (Unit, Number)
Figure 24: Finland, Accommodation and Food Service Activities Value-add (EUR Million, 2020 Constant Prices)
Figure 25: Finland, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 26: Finland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Finland, Manufacturing Turnover Index (2021=100)
Figure 28: Finland, Manufacturing Value-add (EUR Million, 2020 Constant Prices)
Figure 29: Finland, Industrial Production Index (2021=100)
Figure 30: Finland, Industrial Building Permits Issued (Unit, Number)
Figure 31: Finland, New Orders for Manufacturing Index (2021=100)
Figure 32: Finland, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: Finland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Finland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 35: Finland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Finland, Information and Communication Value-add (EUR Million, 2020 Chain linked volumes)
Figure 37: Finland, Total Public utility building Permits (Unit, Number)
Figure 38: Finland, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 39: Finland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Finland, Education Value-add (EUR Million, 2020 chained prices)
Figure 41: Finland, Institutional Building Permits (Unit, Number)
Figure 42: Finland, Educational Building Permits (Unit, Number)
Figure 43: Finland, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 44: Finland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 45: Finland, Real Estate Value-add (EUR Million, 2020 Constant Prices)
Figure 46: Finland, Gross Fixed Capital Formation on Dwellings (EUR Million, 2020 Constant Prices)
Figure 47: Finland, Residential Building Permits Issued (Unit, Number)
Figure 48: Finland, Residential Building Cost Index (2021=100)
Figure 49: Finland, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 50: Finland, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Finland - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information, and insights into Finland’s construction industry, including:

Scope

This report provides a comprehensive analysis of the construction industry in Finland. It provides:

Reasons to Buy

Table of Contents

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