Construction in Finland Key Trends and Opportunities to 2018 On 1st September 2014
Synopsis This “Construction in Finland Key Trends and Opportunities to 2018” 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 construction activity • Analysis of equipment, material and service costs across each project type in 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 • Profiles of the leading operators in the Finnish construction industry • Data highlights of the largest construction projects in Finland Browse Full Report @ http://www.jsbmarketresearch.com/construction/r-Construction-inFinland-Key-Trends-and-Opportunities-24039 Summary The Finnish construction industry recorded a compound annual growth rate (CAGR) of 2.34% during the review period (2009−2013). The industry will be primarily supported by the commercial and infrastructure markets, due to government efforts to support the country’s growth and competitiveness. According to Invest in Finland, the government agency that promotes foreign investment in the country, foreign direct investment (FDI) rose from 153 new investments in 2012 to 213 in 2013. However, slow economic growth and limited government spending will affect investments in the institutional market. Consequently, the construction industry’s output is expected to record a CAGR of 1.50% over the forecast period (2014−2018), Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
driven by increased FDI and government’s focus on strengthening the country’s urban infrastructure. Scope This report provides a comprehensive analysis of the construction industry in Finland. It provides: • Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Finland using construction output and value-add methods • Segmentation by sector (commercial, industrial, infrastructure, 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 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 Timetric's critical and actionable insight • Assess business risks, including cost, regulatory and competitive pressures • Evaluate competitive risk and success factors
Key Highlights • Due to slow economic growth, the construction industry declined in 2013. According to Statistics Finland, construction companies’ turnover declined by 1.9% as compared to 2012, and the value add in the construction industry fell by 2.3% in 2013. In the last quarter of 2013, the Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
turnover of the construction industry declined by 1.5% as compared to the same period of 2012. In the last quarter of 2013, the turnover of specialized construction activities dropped by 2.2%, and building construction decreased by 1.4% over the corresponding period of 2012. However, as a sign of future growth, in the last quarter of 2013 the area covered under building permits reached 8.9 million m2, 13.3% more than in the last quarter of 2012. • In 2012, the government proposed to increase the standard VAT rate by 1 percentage point. However, according to shopping tourism company Global Blue, tax-free sales in 2013 increased by 27% in Kouvola and 25% in Imatra, as compared to 2012. The growth in tax-free sales in Finland was primarily contributed by the rising number of Russian visitors, and is likely to attract investments in the retail buildings category over the forecast period. • According to Statistics Finland, net migration in the country increased from 17,433 in 2012 to 18,048 in 2013. Internal migration from rural urban areas will continue to rise, which will increase demand for residential units at growth centers such as Helsinki. According to the YIT Group, Finland’s largest residential construction company, the country will need annual production of 24,000–29,000 apartments over the forecast period. However, restrictions in the availability of land for building apartments, and tough energy-efficiency requirements may constrain the housing supply, leading to the construction of smaller, more efficient apartments. With rising migration and changing housing needs, demand for residential units is likely to pick up over the forecast period. • Finland aims to establish a carbon-neutral society by 2050, and better energy efficiency and increased investment in renewable energy will be needed to achieve this. According to the EU Renewable Energy Directive, the country aims to meet 38% of its total energy consumption through renewable sources by 2020. In its 2013 budget, the government increased energy subsidies to EUR145 million (US$192.2 million), of which EUR100 million (US$132.6 million) is to be allocated to bio-refinery projects, with the remaining amount allocated for renewable energy investments. As a result, the energy infrastructure category is expected to grow over the forecast period. • According to Statistics Finland, the Finland’s economy contracted by 1.4% in 2013. To support growth and competitiveness in the economy, in 2013 the government cut the corporate tax rate by 4.5 percentage points, from 24.5% to 20%, effective January 2014. This move should Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
help to attract investment and create jobs in the country. The Bank of Finland predicts 0.6% GDP growth in 2014 and 1.7% in 2015. This is likely to improve business activities, enabling the office buildings category to grow over the forecast period.
Other industries we cover: • • • • • • • • •
Advertising and Media Automotive and Parts Consumer Goods Healthcare and Medical Finance and Banking Food and Beverages Travel and Tourism Textiles and Clothing SWOT Analysis
Table of Content 1 Executive Summary 2 Market Overview 2.1 Key Trends and Issues 2.2 Benchmarking by Market Size and Growth 3 Commercial Construction 3.1 Performance Outlook 3.2 Key Trends and Issues 3.3 Data and Project Highlights 4 Industrial Construction 4.1 Performance Outlook 4.2 Key Trends and Issues 4.3 Data and Project Highlights 5 Infrastructure Construction 5.1 Performance Outlook 5.2 Key Trends and Issues 5.3 Data and Project Highlights 6 Institutional Construction 6.1 Performance Outlook 6.2 Key Trends and Issues 6.3 Data and Project Highlights 7 Residential Construction 7.1 Performance Outlook Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
7.2 Key Trends and Issues 7.3 7.3 Data and Project Highlights 8 Company Profile: YIT Corporation 8.1 YIT Corporation – Company Overview 8.2 YIT Corporation – Business Description 8.3 YIT Corporation – Main Services 8.4 YIT Corporation – History 8.5 YIT Corporation – Company Information 8.5.1 YIT Corporation – key competitors 8.5.2 YIT Corporation – key employees 9 Company Profile: Lemminkäinen Oyj 9.1 Lemminkäinen Oyj – Company Overview 9.2 Lemminkäinen Oyj – Business Description 9.3 Lemminkäinen Oyj – Main Services 9.4 Lemminkäinen Oyj – History 9.5 Lemminkäinen Oyj – Company Information 9.5.1 Lemminkäinen Oyj – key competitors 9.5.2 Lemminkäinen Oyj – key employees 10 Company Profile: SRV Group Plc 10.1 SRV Group Plc – Company Overview 10.2 SRV Group Plc – Main Services 10.3 SRV Group Plc – Company Information 10.3.1 SRV Group Plc – key competitors 10.3.2 SRV Group Plc – key employees 11 Company Profile: Destia Ltd 11.1 Destia Ltd – Company Overview 11.2 Destia Ltd – Main Products and Services 11.3 Destia Ltd – Company Information 11.3.1 Destia Ltd – key competitors 11.3.2 Destia Ltd – key employees 12 Company Profile: Oy Turku Energia 12.1 Oy Turku Energia – Company Overview 12.2 Oy Turku Energia – Main Products and Services 12.3 Oy Turku Energia – Company Information 12.3.1 Oy Turku Energia – key competitors 12.3.2 Oy Turku Energia – key employees 13 Market Data Analysis 13.1 Construction Output and Value Add 13.1.1 Construction output by project type Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
13.1.2 Construction output by cost type 13.1.3 Construction output by activity type 13.1.4 Construction value add by project type 13.2 Commercial Construction 13.2.1 Commercial construction output by project type 13.2.2 Commercial construction output by cost type 13.2.3 Commercial construction output by activity type 13.2.4 Commercial construction value add by project type 13.3 Industrial Construction 13.3.1 Industrial construction output by project type 13.3.2 Industrial construction output by cost type 13.3.3 Industrial construction output by activity type 13.3.4 Industrial construction value add by project type 13.4 Infrastructure Construction 13.4.1 Infrastructure construction output by project type 13.4.2 Infrastructure construction output by cost type 13.4.3 Infrastructure construction output by activity type 13.4.4 Infrastructure construction value add by project type 13.5 Institutional Construction 13.5.1 Institutional construction output by project type 13.5.2 Institutional construction output by cost type 13.5.3 Institutional construction output by activity type 13.5.4 Institutional construction value add by project type 13.6 Residential Construction 13.6.1 Residential construction output by project type 13.6.2 Residential construction output by cost type 13.6.3 Residential construction output by activity type 13.6.4 Residential construction value add by project type 14 Appendix 14.1 What is this Report About? 14.2 Definitions 14.3 Summary Methodology 14.4 Methodology 14.5 Contact Timetric 14.6 About Timetric 14.7 Timetric’s Services 14.8 Disclaimer List Of Tables Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
Table 1: Benchmarking with Other Major Construction Industries Table 2: Commercial Construction Project 1 – SGroup – Bastukärr Logistics Park – Finland Table 3: Commercial Construction Project 2 – HIFK – Helsinki Garden Arena Development – Finland Table 4: Commercial Construction Project 3 – GOOG – Hamina Data Center Expansion: Phase III – Finland Table 5: Industrial Construction Project 1 – Metsä – Äänekoski Bio-Product Mill – Finland Table 6: Industrial Construction Project 2 – UPMKY – Kymi Mill Expansion – Finland Table 7: Industrial Construction Project 3 – Forest BtL – Ajos Island Biomass-to-Liquid Plant – Finland Table 8: Infrastructure Construction Project 1 – Lansimetro – Helsinki Metro Expansion – Finland Table 9: Infrastructure Construction Project 2 – Liikennevirasto – Helsinki City Rail Loop – Finland Table 10: Infrastructure Construction Project 3 – Finavia – Helsinki-Vantaa Airport Expansion – Finland Table 11: Institutional Construction Project 1 – CoH – Helsinki Central Library – Finland Table 12: Institutional Construction Project 2 – Pohjola – Haukipudas School and Day Care Center – Northern Ostrobothnia Table 13: Residential Construction Project 1 – ATT – Jätkäsaari Housing Development – Finland Table 14: Residential Construction Project 2 – VVO – Lauri Korpinen Street 10 Residential Development – Finland Table 15: Residential Construction Project 3 – NCC – Hämeenlinnakeskus Residential Development – Häme Table 16: YIT Corporation, Key Facts Table 17: YIT Corporation, Main Services Table 18: YIT Corporation, History Table 19: YIT Corporation, Key Employees Table 20: Lemminkäinen Oyj, Key Facts Table 21: Lemminkäinen Oyj, Main Services Table 22: Lemminkäinen Oyj, History Table 23: Lemminkäinen Oyj, Key Employees Table 24: SRV Group Plc, Key Facts Table 25: SRV Group Plc, Main Services Table 26: SRV Group Plc, Key Employees Table 27: Destia Ltd, Key Facts Table 28: Destia Ltd, Main Products and Services Table 29: Destia Ltd, Key Employees Table 30: Oy Turku Energia, Key Facts Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
Table 31: Oy Turku Energia, Main Products and Services Table 32: Oy Turku Energia, Key Employees Table 33: Finnish Construction Output by Project Type (EUR Million), 2009–2013 Table 34: Finnish Construction Output by Project Type (EUR Million), 2013–2018 Table 35: Finnish Construction Output by Cost Type (EUR Million), 2009–2013 Table 36: Finnish Construction Output by Cost Type (EUR Million), 2013–2018 Table 37: Finnish Construction Output by Activity Type (EUR Million), 2009–2013 Table 38: Finnish Construction Output by Activity Type (EUR Million), 2013–2018 Table 39: Finnish Construction Value Add by Project Type (EUR Million), 2009–2013 Table 40: Finnish Construction Value Add by Project Type (EUR Million), 2013–2018 Table 41: Finnish Commercial Construction Output by Project Type (EUR Million), 2009–2013 Table 42: Finnish Commercial Construction Output by Project Type (EUR Million), 2013–2018 Table 43: Finnish Commercial Construction Output by Cost Type (EUR Million), 2009–2013 Table 44: Finnish Commercial Construction Output by Cost Type (EUR Million), 2013–2018 Table 45: Finnish Commercial Construction Output by Activity Type (EUR Million), 2009–2013 Table 46: Finnish Commercial Construction Output by Activity Type (EUR Million), 2013–2018 Table 47: Finnish Commercial Construction Value Add by Project Type (EUR Million), 2009–2013 Table 48: Finnish Commercial Construction Value Add by Project Type (EUR Million), 2013–2018 Table 49: Finnish Industrial Construction Output by Project Type (EUR Million), 2009–2013 Table 50: Finnish Industrial Construction Output by Project Type (EUR Million), 2013–2018 Table 51: Finnish Industrial Construction Output by Cost Type (EUR Million), 2009–2013 Table 52: Finnish Industrial Construction Output by Cost Type (EUR Million), 2013–2018 Table 53: Finnish Industrial Construction Output by Activity Type (EUR Million), 2009–2013 Table 54: Finnish Industrial Construction Output by Activity Type (EUR Million), 2013–2018 Table 55: Finnish Industrial Construction Value Add by Project Type (EUR Million), 2009–2013 Table 56: Finnish Industrial Construction Value Add by Project Type (EUR Million), 2013–2018 Table 57: Finnish Infrastructure Construction Output by Project Type (EUR Million), 2009–2013 Table 58: Finnish Infrastructure Construction Output by Project Type (EUR Million), 2013–2018 Table 59: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 2009–2013 Table 60: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 2013–2018 Table 61: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 2009–2013 Table 62: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 2013–2018 Table 63: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 2009– 2013 Table 64: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 2013– 2018 Table 65: Finnish Institutional Construction Output by Project Type (EUR Million), 2009–2013 Table 66: Finnish Institutional Construction Output by Project Type (EUR Million), 2013–2018 Table 67: Finnish Institutional Construction Output by Cost Type (EUR Million), 2009–2013 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
Table 68: Finnish Institutional Construction Output by Cost Type (EUR Million), 2013–2018 Table 69: Finnish Institutional Construction Output by Activity Type (EUR Million), 2009–2013 Table 70: Finnish Institutional Construction Output by Activity Type (EUR Million), 2013–2018 Table 71: Finnish Institutional Construction Value Add by Project Type (EUR Million), 2009–2013 Table 72: Finnish Institutional Construction Value Add by Project Type (EUR Million), 2013–2018 Table 73: Finnish Residential Construction Output by Project Type (EUR Million), 2009–2013 Table 74: Finnish Residential Construction Output by Project Type (EUR Million), 2013–2018 Table 75: Finnish Residential Construction Output by Cost Type (EUR Million), 2009–2013 Table 76: Finnish Residential Construction Output by Cost Type (EUR Million), 2013–2018 Table 77: Finnish Residential Construction Output by Activity Type (EUR Million), 2009–2013 Table 78: Finnish Residential Construction Output by Activity Type (EUR Million), 2013–2018 Table 79: Finnish Residential Construction Value Add by Project Type (EUR Million), 2009–2013 Table 80: Finnish Residential Construction Value Add by Project Type (EUR Million), 2013–2018 Table 81: Timetric Construction Market Definitions List Of Figures Figure 1: Growth Matrix for Construction Output in Finland (%), 2009–2018 Figure 2: Benchmarking with Other Major Construction Industries Figure 3: Finnish Commercial Construction Output (US$ Million), 2009–2018 Figure 4: Finnish Industrial Construction Output (US$ Million), 2009–2018 Figure 5: Finnish Infrastructure Construction Output (US$ Million), 2009–2018 Figure 6: Finnish Institutional Construction Output (US$ Million), 2009–2018 Figure 7: Finnish Residential Construction Output (US$ Million), 2009–2018 Figure 8: Finnish Construction Output by Project Type (EUR Million), 2009–2018 Figure 9: Finnish Construction Output by Cost Type (EUR Million), 2009–2018 Figure 10: Finnish Construction Output by Activity Type (EUR Million), 2009–2018 Figure 11: Finnish Construction Value Add by Project Type (EUR Million), 2009–2018 Figure 12: Finnish Commercial Construction Output by Project Type (EUR Million), 2009–2018 Figure 13: Finnish Commercial Construction Output by Cost Type (EUR Million), 2009–2018 Figure 14: Finnish Commercial Construction Output by Activity Type (EUR Million), 2009–2018 Figure 15: Finnish Commercial Construction Value Add by Project Type (EUR Million), 2009– 2018 Figure 16: Finnish Industrial Construction Output by Project Type (EUR Million), 2009–2018 Figure 17: Finnish Industrial Construction Output by Cost Type (EUR Million), 2009–2018 Figure 18: Finnish Industrial Construction Output by Activity Type (EUR Million), 2009–2018 Figure 19: Finnish Industrial Construction Value Add by Project Type (EUR Million), 2009–2018 Figure 20: Finnish Infrastructure Construction Output by Project Type (EUR Million), 2009–2018 Figure 21: Finnish Infrastructure Construction Output by Cost Type (EUR Million), 2009–2018 Figure 22: Finnish Infrastructure Construction Output by Activity Type (EUR Million), 2009–2018 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
Figure 23: Finnish Infrastructure Construction Value Add by Project Type (EUR Million), 2009– 2018 Figure 24: Finnish Institutional Construction Output by Project Type (EUR Million), 2009–2018 Figure 25: Finnish Institutional Construction Output by Cost Type (EUR Million), 2009–2018 Figure 26: Finnish Institutional Construction Output by Activity Type (EUR Million), 2009–2018 Figure 27: Finnish Institutional Construction Value Add by Project Type (EUR Million), 2009– 2018 Figure 28: Finnish Residential Construction Output by Project Type (EUR Million), 2009–2018 Figure 29: Finnish Residential Construction Output by Cost Type (EUR Million), 2009–2018 Figure 30: Finnish Residential Construction Output by Activity Type (EUR Million), 2009–2018 Figure 31: Finnish Residential Construction Value Add by Project Type (EUR Million), 2009–2018 Related reports: Leisure & Hospitality Building Construction in Greece to 2018: Market Databook Office Building Construction in Greece to 2018: Market Databook Construction Market Research
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