Key Market Indicators
The Finnish civil engineering sector is projected to see significant growth over the next five years. By 2028, production in the sector is expected to reach approximately €6 billion, up from €5.4 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.8%. Since 2010, the industry has been expanding at an average rate of 6% per year. In 2023, Finland ranked 17th globally in civil engineering production. Hungary, with a production value of €5.4 billion, edged out Finland for the 16th spot. Leading the rankings were Germany, France, and Spain, occupying the second, third, and fourth positions, respectively. Revenue from Finnish civil engineering activities is also anticipated to grow, reaching around €6 billion by 2028, compared to €5.3 billion in 2023. This growth translates to a CAGR of 1.9%. The Finnish market has seen a consistent annual increase of 6% since 2010. In terms of revenue, Finland placed 19th in 2023, just behind Bulgaria, which posted revenues of €5.3 billion. The United Kingdom, France, and Spain continued to hold strong positions, ranking second, third, and fourth, respectively, in this category.
