Finland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

Following six consecutive years of decline (during 2020-25), the analyst expects the Finnish construction industry to recover in 2026, growing by 2.5% in real terms that year, supported by investments under the Recovery and Resilience Plan (RRP) and bilateral trade with India to strengthen the industrial and energy sectors. In June 2026, Finland submitted its fifth payment request under the RRP totaling EUR316 million ($366.1 million), which will be directed toward energy solutions, the development of low carbon transportation solutions, and further technological advancements. In addition, in May 2026, the government announced an investment of EUR112 million ($129.8 million) across various road, bridge, and rail projects. This followed the Finnish Transport Infrastructure Agency’s estimate in February 2026 that at least EUR4.3 billion ($5 billion) is required to repair roads, rail, and water infrastructure nationwide. Earlier, in March 2026, Finland and India signed multiple agreements, committing to double bilateral trade by 2030 and collaborate to develop digital infrastructure, enhance semiconductor manufacturing, and the energy sector.

Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 3.5% from 2027-30, supported by the government’s efforts to develop data center, energy, housing and transport infrastructure; in line with the implementation of the National Transport System Plan for 2026-37. With a projected spending EUR20 billion ($21.8 billion), the National Transport System Plan for 2026-37 focuses on strengthening Finland's transport network by improving roads and railways, supporting the economy and security, and ensuring efficient transport across the country.

The analyst’s Construction in Finland - Key Trends and Opportunities to 2030 (H2 2026) report provides detailed market analysis, information, and insights into Finnish construction industry, including:

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

Scope

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

Historical (2021-2025) and forecast (2026-2030) 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

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology

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), 2021-30
Table 4: Finland, Top Commercial Construction Projects by Value
Table 5: Finland, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Finland, Top Industrial Construction Projects by Value
Table 7: Finland, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Finland, Top Infrastructure Construction Projects by Value
Table 9: Finland, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Finland, Top Energy and Utilities Construction Projects by Value
Table 11: Finland, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Finland, Top Institutional Construction Projects by Value
Table 13: Finland, Residential Construction Output by Project Type (Real % Change), 2021-30
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: GlobalData Construction Market Definitions
Table 20: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2024-30
Figure 2: Finland, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Finland, Risk Summary
Figure 4: Finland, Risk Regional Comparison
Figure 5: Finland, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Finland, Construction Output Value, by Sector (Real, $ Million), 2021-30
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, Producer Price Indices of Concrete, Plaster and Cement Products (2021=100)
Figure 12: Finland, Labor Cost index (2021=100)
Figure 13: Finland, Employment in the Construction Industry
Figure 14: Finland, Total Building Permits Issued, Number
Figure 15: Finland, Building Cost Index (2015=100)
Figure 16: Finland, Construction Bankruptcy, Number
Figure 17: Finland, Construction Projects Momentum Index
Figure 18: Western Europe, Construction Projects Momentum Index
Figure 19: Finland, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 20: Finland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Finland, Total Tourist Arrivals (In Numbers)
Figure 22: Finland, Total Overnight Stays (In Numbers)
Figure 23: Finland, Commercial and Office Building Permits Issued (Number)
Figure 24: Finland, Warehouse Building Permits Issued (Number)
Figure 25: Finland, Agricultural Building Permits Issued (Number)
Figure 26: Finland, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 27: Finland, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Finland, Manufacturing Turnover Index (2021=100)
Figure 29: Finland, Manufacturing Value-add (EUR Million, 2020 Constant Prices)
Figure 30: Finland, Industrial Building Permits Issued (Number)
Figure 31: Finland, New Orders for Manufacturing Index (2021=100)
Figure 32: Finland, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 33: Finland, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Finland, Cost index of civil engineering works (2015=100)
Figure 35: Finland, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 36: Finland, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Finland, Information and Communication Value-add (EUR Million, 2020 Chain linked volumes)
Figure 38: Finland, Public Utility Building Permits (Number)
Figure 39: Finland, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 40: Finland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: Finland, Education Value-add (EUR Million, 2020 chained prices)
Figure 42: Finland, Institutional Building Permits (Number)
Figure 43: Finland, Educational Building Permits (Number)
Figure 44: Finland, Healthcare Building Permits (Number)
Figure 45: Finland, Total Assembly Building Permits (Number)
Figure 46: Finland, Total Rescue Service Building Permits (Number)
Figure 47: Finland, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 48: Finland, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 49: Finland, Real Estate Value-add (EUR Million, 2020 Constant Prices)
Figure 50: Finland, Gross Fixed Capital Formation on Dwellings (EUR Million, 2020 Constant Prices)
Figure 51: Finland, Residential Building Permits Issued (Number)
Figure 52: Finland, Residential Building Cost Index (2021=100)
Figure 53: Finland, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 54: Finland, Headquarters of Key Consultants (% of Total Project Pipeline)

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