Finland Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026)

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Published: February 16, 2026 Report Code: GDCN1790MR-ST

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GlobalData expects that the construction industry in Finland to expand in real terms by 2.5% in 2026, supported by improvements in investments in renewable energy, transportation, and industrial projects. In mid-December 2025, the Parliament approved the 2026 Budget, which includes total expenditure of EUR90.8 billion ($99.1 billion), an increase of EUR1.6 billion ($1.7 billion) compared with the 2025 Budget. However, the construction industry is expected to face downside risks in the short-term owing to economic uncertainty amid war in Ukraine, coupled with an increase in bankruptcies, and cost concerns of projects and falling building permits. For instance, although a study is underway as of November 2025 for the development of proposed EUR10-20 billion ($10.9-21.8 billion) Finland-Sweden tunnel/bridge project, it is facing cost and environmental concerns which can cause delays in the execution process. According to Statistics Finland, the total number of building permits issued in the country declined by 24.8% year on year (YoY) in the first ten months of 2025, with the non-residential building permits and residential building permits declining by 32.3% YoY and 3.4% YoY, respectively during the same period.

Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 3.6% from 2027 to 2030, supported by the government’s efforts to develop data center, transport, housing and industrial infrastructure. In November 2025, Prime Minister announced the country’s focus on attracting data center investments to revive the economy. Later, as of early-December 2026, the governing body of the City of Kuopio along with Finnish data center developer, Polarnode are preparing a design reservation agreement to build a EUR915.8 million ($1 billion) data center in Kuopio. The first phase is scheduled to be completed by 2027 and the whole project is scheduled to be completed by 2030. The growth in the transport infrastructure will be supported by the implementation of the National Transport System Plan for 2026–37 (Transport 12), with an aim to upgrade the country’s transport infrastructure. Under which, the government plans to spend EUR20 billion ($21.8 billion) by 2037. Moreover, the government’s plan to generate 53% electricity from renewable sources by 2030 and reach carbon neutrality by 2035 is expected to surge renewable energy construction activities. Also, the government also aims to reduce its greenhouse gas emissions by 90-95% by 2050, compared to the 1990 emissions level.

GlobalData’s Construction in Finland – Key Trends and Opportunities to 2030 (H1 2026) report provides detailed market analysis, information, and insights into Finland's construction industry, including:
• Finland's 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 Finland's 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 GlobalData's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 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

About GlobalData

Contact Us

Table

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

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 (Unit, Number)

Figure 15: Finland, Building Cost Index (2015=100)

Figure 16: Finland, Construction Projects Momentum Index

Figure 17: Western Europe, Construction Projects Momentum Index

Figure 18: Finland, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 19: Finland, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 20: Finland, Total Tourist Arrivals (In Numbers)

Figure 21: Finland, Total Overnight Stays (In Numbers)

Figure 22: Finland, Commercial and Office Building Permits Issued (Unit, Number)

Figure 23: Finland, Warehouse Building Permits Issued (Unit, Number)

Figure 24: Finland, Agricultural Building Permits Issued (Unit, Number)

Figure 25: Finland, Accommodation and Food Service Activities Value-add (EUR Million, 2020 Constant Prices)

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 (Unit, 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, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 39: Finland, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: Finland, Education Value-add (EUR Million, 2020 chained prices)

Figure 41: Finland, Institutional Building Permits (Unit, Number)

Figure 42: Finland, Educational Building Permits (Unit, Number)

Figure 43: Finland, Total Assembly Building Permits (Unit, Number)

Figure 44: Finland, Total Rescue Service Building Permits (Unit, Number)

Figure 45: Finland, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 46: Finland, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 47: Finland, Real Estate Value-add (EUR Million, 2020 Constant Prices)

Figure 48: Finland, Gross Fixed Capital Formation on Dwellings (EUR Million, 2020 Constant Prices)

Figure 49: Finland, Residential Building Permits Issued (Unit, Number)

Figure 50: Finland, Residential Building Cost Index (2021=100)

Figure 51: Finland, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 52: Finland, Headquarters of Key Consultants (% of Total Project Pipeline)

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