Industry: Construction & Manufacturing | Publish Date: 05-Jun-2025 | No of Pages: 84 | No. of Tables: 117 | No. of Figures: 62 | Format: PDF | Report Code : CM2205
The Finland Construction Market size was valued at USD 40.54 billion in 2024, and is projected to grow to USD 45.48 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 51.96 billion by 2030, with a CAGR of 2.7% from 2025 to 2030.
This industry is experiencing steady growth, driven by a strong focus on renewable energy infrastructure projects such as large-scale solar farms and energy facility upgrades. Population growth and urbanization are also contributing to increased demand for housing, commercial spaces, and public services, boosting construction activities.
However, the market faces challenges from complex regulatory frameworks and lengthy permitting processes, which can delay projects and increase costs. Despite these hurdles, the sector is benefiting from digital transformation, particularly the adoption of Building Information Modeling (BIM) and technologies like AI and IoT, which enhance efficiency and coordination in project execution.
The construction market in Finland is experiencing steady growth, largely driven by a surge in renewable energy infrastructure developments. Noteworthy initiatives include the 475 MW Huittinen solar farm, a large-scale solar park planned across Kainuu and North Ostrobothnia, and a 500 MW solar energy project in southern Finland. These projects reflect the country’s commitment to sustainable energy and are significantly contributing to infrastructure investment and regional development.
Further reinforcing this trend, the European Climate, Infrastructure and Environment Executive Agency (CINEA) announced in April 2025 an allocation of approximately USD 55.8 million under the REPowerEU initiative to support nine renewable energy projects across Finland and Estonia. This funding injection is expected to drive the construction of new energy facilities, grid upgrades, and cross-border energy infrastructure, thereby accelerating the growth of Finland’s construction sector.
Population growth in Finland significantly drives the Finland construction market trends by increasing the demand for housing, infrastructure, and public services. As the population grows, there is a heightened need for residential buildings, commercial spaces, and urban development projects to accommodate expanding communities.
With net migration contributing to population growth, Finland’s urban areas are seeing a growing concentration of residents, which boosts demand for infrastructure, including transportation networks and social services. This population increase, estimated at 5.6 million in 2025, reflects a modest annual growth of 0.11%, according to the Worldometers report.
The combination of this population growth and urbanization ensures a continuous demand for construction projects, creating a sustained need for development across the country. This trend drives both residential and commercial construction, as well as the expansion of essential infrastructure to support the growing population.
Navigating through regulatory complexities presents a formidable challenge for the construction market. Infrastructure endeavors encounter hurdles due to the intricate maze of government regulations and permitting procedures.
Infrastructure projects require a multitude of permits and approvals from various governmental bodies, spanning local, regional, and national levels. These permissions involve adherence to zoning regulations, environmental assessments, compliance with building codes, safety standards, and other regulatory requirements. Lengthy permit acquisition processes, bureaucratic inefficiencies, and regulatory variations among jurisdictions can significantly extend project timelines and escalate costs. Moreover, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and deter potential investments.
The construction sector is undergoing a digital transformation fueled by the growing adoption of Building Information Modeling (BIM), which is unlocking substantial growth opportunities. BIM facilitates digital design, simulation, and infrastructure management, enhancing accuracy, coordination, and resource efficiency.
In April 2024, ALLPLAN introduced Allplan 2024-1 to strengthen BIM and cloud-based workflows, emphasizing the industry’s move toward digital project execution. Additionally, the integration of AI, IoT, and cloud computing is advancing real-time collaboration, predictive maintenance, and facility management.
The key players operating in the Finland construction industry include YIT Oyj, SRV Group, NCC, Skanska, Peab AB, Lehto Group, Fira Group, Hartela, Rakennusliike Lapti, Projektinuotit Oy, Destia, Ains Group, Kreate Group Oyj, Consti Group Plc, Vinci SA., and others.
Renovation
New Construction
Traditional Construction
Prefabricated/Modular Construction
3D-Printed Construction
Green/Sustainable Construction
Large Contractor
Medium Contractor
Small Contractor
Real Estate
Residential
Affordable
Luxury
Commercial
Retail Buildings
Office Buildings
Hospitality
Healthcare Facilities
Educational Institutes
Entertainment Ventures
Infrastructure
Transportation
Airport
Port
Rail
Road
Water and Wastewater
Energy
Telecommunication
Industrial
Manufacturing Plant
Warehouses
Power Plants
Oil Refineries
Chemical Plants
YIT Oyj
SRV Group
NCC
Skanska
Peab AB
Lehto Group
Fira Group
Hartela
Rakennusliike Lapti
Projektinuotit Oy
Destia
Ains Group
Kreate Group Oyj
Consti Group Plc
Vinci SA
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2024 |
USD 40.54 Billion |
Revenue Forecast in 2030 |
USD 51.96 Billion |
Growth Rate |
CAGR of 2.7% from 2025 to 2030 |
Analysis Period |
2024–2030 |
Base Year Considered |
2024 |
Forecast Period |
2025–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |