Construction in Finland - Key Trends and Opportunities to 2019 - New Report Available

From: Fast Market Research, Inc.
Published: Tue Nov 03 2015


Timetric's 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 industry's 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

Full Report Details at
- http://www.fastmr.com/prod/1063793_construction_finland_key.aspx?afid=301

Report 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 country's tourism industry is growing more quickly than other industries in the country. In January 2015, the government introduced the 'Achieving More Together' strategy for 2015-2025, 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 government's 2015 budget allocation for infrastructure development projects.

Report Scope

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Contact Name: Bill Thompson
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