The production value of machinery for mining, quarrying, and construction in Finland has shown a generally upward trend from 2013 to 2023. In 2023, it stood at 3.27 billion euros, with an average annual growth rate (CAGR) of 1.91% over the last five years. The production value saw some fluctuations due to market dynamics and economic conditions, including notable increases in 2017 and 2018 and slight declines in 2014 and 2020.
From 2024 onwards, the production value is forecasted to continue its growth trajectory, reaching 3.76 billion euros by 2028. The five-year forecasted CAGR is 2.22%, indicating a steady increase, albeit at a slightly moderated pace compared to the previous five years.
Future trends to watch for include technological advancements in machinery, environmental regulations driving demand for more efficient equipment, and fluctuations in global commodity prices affecting mining and construction activities.
