Summary

The Finland construction industry grew at a CAGR of 3.17% for the period 2003-2008. Non-residential sector's market share was 63.9% in 2008, while residential sector accounted for the balance 36.1%. The economy of Finland registered the modest growth rate of 0.9% in 2008, following strong expansion over the recent years. There was growth in overall demand for the construction during the first half of 2008; however, the second half of the year witnessed slowing down in the non-residential construction activities and an accelerating decline in residential output. The construction activities in 2008 were impacted by higher financing costs for building deals and a stagnant housing market. These were some of the main factors that have caused a sharp decline in the construction industry and which in turn caused Finland's GDP to slowdown to a noticeable level. Since 2003, the Finland construction market value grew at a compound annual growth rate (CAGR) of 3.17%. However, in 2008 the construction market value remained flat when compared to that in the previous year. The total value of construction projects put in place in Finland in 2008 was €29.6 billion (US$43.6 billion), an increase of 0.5% over 2007. In 2008, the non-residential construction sector was the major sector in Finland construction market and contributed 63.9% of the total market share, while residential construction sector contributed 36.1%.

Table of Contents

Finland Construction Market Analysis
Finland Construction Competitive Landscape
Leading Finland Construction Companies
Finland Construction Market Forecast
Appendix