The industrial machinery and equipment installation turnover in Finland has experienced significant fluctuations over the past decade. In 2023, the value was 536.2 million Euros. The market saw substantial dips in 2014 and 2017 with respective year-on-year decreases of 27.18% and 29.24%, followed by notable recoveries, including a 62.38% increase in 2015 and a 30.62% rise in 2020. The recent trend from 2021 to 2023 has shown a marginal decline with a year-on-year variation of -1.32% in both 2022 and 2023.
Future projections indicate a continuous slight decrease, with values forecasted to drop to 501.3 million Euros by 2028, averaging a -1.07% CAGR over the next five years. This suggests a slow, steady decline in the industry.
Trends to watch for include:
- Technological advancements and automation in machinery installation
- Changes in global supply chains affecting the sector
- Environmental regulations and sustainability initiatives
- Economic conditions influencing capital investments
