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Construction in Finland - Key Trends and Opportunities to 2019

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Synopsis

In real terms, the Finnish construction industrys output value contracted from 2010 to 2014. This decline was mainly due to depressed economic conditions, a high unemployment rate and reduced government spending. Growth prospects will be limited over the forecast period (20152019), due to the weak property market, subdued public spending and lack of investor confidence.

However, increasing investments in residential construction, transport infrastructure and the tourism industry, along with rising house prices, will support construction activity in the country.

Summary

Timetrics Construction in Finland Key Trends and Opportunities to 2019 report provides detailed market analysis, information and insights into the Finnish construction industry including:

The Finnish construction industrys growth prospects by market, project type and type of construction activity

Analysis of equipment, material and service costs across each project type within Finland

Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Finnish construction industry

Analyzing the profiles of the leading operators in the Finnish construction industry.

Data highlights of the largest construction projects in Finland

Scope

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

Historical (2010-2014) and forecast (2015-2019) 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 project type

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)

Analysis of key construction industry issues, including regulation, cost management, funding and pricing

Detailed profiles of the leading construction companies in Finland

Reasons To Buy

Identify and evaluate market opportunities using Timetrics 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 Timetrics critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Key Highlights

In terms of building permits, there has been clear evidence of expansion in residential and non-residential construction in 2014 and the first half of 2015. According to Statistics Finland, building permits issued in the country grew by 8.1% in 2014. This was preceded by annual contractions of 18.7% and 7.6% in 2013 and 2012 respectively. Moreover, new building permits in the country grew by 10.0% in the first half of 2015.

In a bid to maintain a balance between supply and demand, the private and public sectors are focusing more on residential construction. In March 2015, SRV, one of the biggest construction companies in Finland, announced plans to construct six residential towers, with 1,200 housing units in Helsinki. The whole project is divided into two phases. The company is planning to construct two residential towers in the first phase. The project is expected to begin in 2016, and is anticipated to complete the first tower by 2018 and the second one by 2019.

According to the Ministry of Employment and the Economy, the countrys tourism industry is growing more quickly than other industries in the country. In January 2015, the government introduced the Achieving More Together strategy for 20152025, for the growth and renewal of the Finnish tourism industry. The main aim is to focus on strengthening tourism centers and networks of tourism-related companies in the country. This will help to support growth in the leisure and hospitality buildings category over the forecast period.

With robust and modern transport infrastructure being vital for economic growth and competitiveness, the government is focusing on transport development. In 2014, a joint venture between Finland and Norway announced a railway line project, which will connect the Finnish city of Rovaniemi with the Norwegian town of Kirkenes on the Barents Sea coast. Over the forecast period, the infrastructure construction market is also expected to be supported by the governments 2015 budget allocation for infrastructure development projects.
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: YIT Corporation
5.1 YIT Corporation Company Overview
5.2 YIT Corporation Business Description
5.3 YIT Corporation Main Services
5.4 YIT Corporation History
5.5 YIT Corporation Company Information
5.5.1 YIT Corporation key competitors
5.5.2 YIT Corporation key employees
6 Company Profile: Lemminkainen Oyj
6.1 Lemminkainen Oyj Company Overview
6.2 Lemminkainen Oyj Business Description
6.3 Lemminkainen Oyj Main Products and Services
6.4 Lemminkainen Oyj History
6.5 Lemminkainen Oyj Company Information
6.5.1 Lemminkainen Oyj key competitors
6.5.2 Lemminkainen Oyj key employees
7 Company Profile: SRV Group Plc
7.1 SRV Group Plc Company Overview
7.2 SRV Group Plc Main Services
7.3 SRV Group Plc History
7.4 SRV Group Plc Company Information
7.4.1 SRV Group Plc key competitors
7.4.2 SRV Group Plc key employees
8 Company Profile: Destia Ltd
8.1 Destia Ltd Company Overview
8.2 Destia Ltd Main Products and Services
8.3 Destia Ltd History
8.4 Destia Ltd Company Information
8.4.1 Destia Ltd key competitors
8.4.2 Destia Ltd key employees
9 Company Profile: Normek Oy
9.1 Normek Oy Company Overview
9.2 Normek Oy Main Products and Services
9.3 Normek Oy History
9.4 Normek Oy Company Information
9.4.1 Normek Oy key competitors
9.4.2 Normek Oy key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetrics Services
10.7 Disclaimer

List Of Tables

Table 1: Finnish Construction Output by Project Type (EUR Million), 20102014
Table 2: Finnish Construction Output by Project Type (EUR Million), 20142019
Table 3: Finnish Construction Output by Cost Type (EUR Million), 20102014
Table 4: Finnish Construction Output by Cost Type (EUR Million), 20142019
Table 5: Finnish Construction Output by Activity Type (EUR Million), 20102014
Table 6: Finnish Construction Output by Activity Type (EUR Million), 20142019
Table 7: Finnish Construction Value Add by Project Type (EUR Million), 20102014
Table 8: Finnish Construction Value Add by Project Type (EUR Million), 20142019
Table 9: Finnish Commercial Construction Output by Project Type (EUR Million), 20102014
Table 10: Finnish Commercial Construction Output by Project Type (EUR Million), 20142019
Table 11: Finnish Commercial Construction Output by Cost Type (EUR Million), 20102014
Table 12: Finnish Commercial Construction Output by Cost Type (EUR Million), 20142019
Table 13: Finnish Commercial Construction Output by Activity Type (EUR Million), 20102014
Table 14: Finnish Commercial Construction Output by Activity Type (EUR Million), 20142019
Table 15: Finnish Commercial Construction Value Add by Project Type (EUR Million), 20102014
Table 16: Finnish Commercial Construction Value Add by Project Type (EUR Million), 20142019
Table 17: Finnish Industrial Construction Output by Project Type (EUR Million), 20102014
Table 18: Finnish Industrial Construction Output by Project Type (EUR Million), 20142019
Table 19: Finnish Industrial Construction Output by Cost Type (EUR Million), 20102014
Table 20: Finnish Industrial Construction Output by Cost Type (EUR Million), 20142019
Table 21: Finnish Industrial Construction Output by Activity Type (EUR Million), 20102014
Table 22: Finnish Industrial Construction Output by Activity Type (EUR Million), 20142019
Table 23: Finnish Industrial Construction Value Add by Project Type (EUR Million), 20102014
Table 24: Finnish Industrial Construction Value Add by Project Type (EUR Million), 20142019
Table 25: Finnish Infrastructure Construction Output by Project Type (EUR Million), 20102014
Table 26: Finnish Infrastructure Construction Output by Project Type (EUR Million), 20142019
Table 27: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 20102014
Table 28: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 20142019
Table 29: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 20102014
Table 30: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 20142019
Table 31: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 20102014
Table 32: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 20142019
Table 33: Finnish Energy and Utilities Construction Output by Project Type (EUR Million), 20102014
Table 34: Finnish Energy and Utilities Construction Output by Project Type (EUR Million), 20142019
Table 35: Finnish Energy and Utilities Construction Output by Cost Type (EUR Million), 20102014
Table 36: Finnish Energy and Utilities Construction Output by Cost Type (EUR Million), 20142019
Table 37: Finnish Energy and Utilities Construction Output by Activity Type (EUR Million), 20102014
Table 38: Finnish Energy and Utilities Construction Output by Activity Type (EUR Million), 20142019
Table 39: Finnish Energy and Utilities Construction Value Add by Project Type (EUR Million), 20102014
Table 40: Finnish Energy and Utilities Construction Value Add by Project Type (EUR Million), 20142019
Table 41: Finnish Institutional Construction Output by Project Type (EUR Million), 20102014
Table 42: Finnish Institutional Construction Output by Project Type (EUR Million), 20142019
Table 43: Finnish Institutional Construction Output by Cost Type (EUR Million), 20102014
Table 44: Finnish Institutional Construction Output by Cost Type (EUR Million), 20142019
Table 45: Finnish Institutional Construction Output by Activity Type (EUR Million), 20102014
Table 46: Finnish Institutional Construction Output by Activity Type (EUR Million), 20142019
Table 47: Finnish Institutional Construction Value Add by Project Type (EUR Million), 20102014
Table 48: Finnish Institutional Construction Value Add by Project Type (EUR Million), 20142019
Table 49: Finnish Residential Construction Output by Project Type (EUR Million), 20102014
Table 50: Finnish Residential Construction Output by Project Type (EUR Million), 20142019
Table 51: Finnish Residential Construction Output by Cost Type (EUR Million), 20102014
Table 52: Finnish Residential Construction Output by Cost Type (EUR Million), 20142019
Table 53: Finnish Residential Construction Output by Activity Type (EUR Million), 20102014
Table 54: Finnish Residential Construction Output by Activity Type (EUR Million), 20142019
Table 55: Finnish Residential Construction Value Add by Project Type (EUR Million), 20102014
Table 56: Finnish Residential Construction Value Add by Project Type (EUR Million), 20142019
Table 57: YIT Corporation, Key Facts
Table 58: YIT Corporation, Main Services
Table 59: YIT Corporation, History
Table 60: YIT Corporation, Key Employees
Table 61: Lemminkainen Oyj, Key Facts
Table 62: Lemminkainen Oyj, Main Products and Services
Table 63: Lemminkainen Oyj, History
Table 64: Lemminkainen Oyj, Key Employees
Table 65: SRV Group Plc, Key Facts
Table 66: SRV Group Plc, Main Services
Table 67: SRV Group Plc, History
Table 68: SRV Group Plc, Key Employees
Table 69: Destia Ltd, Key Facts
Table 70: Destia Ltd, Main Products and Services
Table 71: Destia Ltd, History
Table 72: Destia Ltd, Key Employees
Table 73: Normek Oy, Key Facts
Table 74: Normek Oy, Main Products and Services
Table 75: Normek Oy, History
Table 76: Normek Oy, Key Employees
Table 77: Timetric Construction Market Definitions

List Of Figures

Figure 1: Finnish Construction Output (Real US$ 2010, Million), 20102019
Figure 2: Growth Matrix for Construction Output in Finland (US$ Million), 20102019
Figure 3: Finnish Construction Output by Project Type (EUR Million), 20102019
Figure 4: Finnish Construction Output by Cost Type (EUR Million), 20102019
Figure 5: Finnish Construction Output by Activity Type (EUR Million), 20102019
Figure 6: Finnish Construction Value Add by Project Type (EUR Million), 20102019
Figure 7: Finnish Commercial Construction Output by Project Type (EUR Million), 20102019
Figure 8: Finnish Commercial Construction Output by Cost Type (EUR Million), 20102019
Figure 9: Finnish Commercial Construction Output by Activity Type (EUR Million), 20102019
Figure 10: Finnish Commercial Construction Value Add by Project Type (EUR Million), 20102019
Figure 11: Finnish Industrial Construction Output by Project Type (EUR Million), 20102019
Figure 12: Finnish Industrial Construction Output by Cost Type (EUR Million), 20102019
Figure 13: Finnish Industrial Construction Output by Activity Type (EUR Million), 20102019
Figure 14: Finnish Industrial Construction Value Add by Project Type (EUR Million), 20102019
Figure 15: Finnish Infrastructure Construction Output by Project Type (EUR Million), 20102019
Figure 16: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 20102019
Figure 17: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 20102019
Figure 18: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 20102019
Figure 19: Finnish Energy and Utilities Construction Output by Project Type (EUR Million), 20102019
Figure 20: Finnish Energy and Utilities Construction Output by Cost Type (EUR Million), 20102019
Figure 21: Finnish Energy and Utilities Construction Output by Activity Type (EUR Million), 20102019
Figure 22: Finnish Energy and Utilities Construction Value Add by Project Type (EUR Million), 20102019
Figure 23: Finnish Institutional Construction Output by Project Type (EUR Million), 20102019
Figure 24: Finnish Institutional Construction Output by Cost Type (EUR Million), 20102019
Figure 25: Finnish Institutional Construction Output by Activity Type (EUR Million), 20102019
Figure 26: Finnish Institutional Construction Value Add by Project Type (EUR Million), 20102019
Figure 27: Finnish Residential Construction Output by Project Type (EUR Million), 20102019
Figure 28: Finnish Residential Construction Output by Cost Type (EUR Million), 20102019
Figure 29: Finnish Residential Construction Output by Activity Type (EUR Million), 20102019
Figure 30: Finnish Residential Construction Value Add by Project Type (EUR Million), 20102019

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Reports Details

Published Date : Oct 2015
No. of Pages :74
Country :Finland
Category :Construction
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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