The civil engineering sector in Finland reached a value of €5.4 billion in 2023. Over the last two years, the sector exhibited moderate growth rates with a year-on-year increase of 2.68% in 2022 and 2.59% in 2023. The historical data suggests a fluctuating trend with significant peaks, especially in 2016 (11.72%) and 2020 (18.72%). The average annual growth rate (CAGR) over the past five years stands at 5.97%, demonstrating a robust growth trajectory despite occasional dips.
The forecast from 2024 to 2028 predicts continued expansion, with the sector projected to reach €6.06 billion by 2028. The expected five-year CAGR is 1.83%, indicating steady but less aggressive growth. This suggests a maturing market with stable investments and development projects.
Future trends to watch for in the Finnish civil engineering sector include:
- Implementation of sustainable and green infrastructure projects.
- Increased focus on digitalization and automation in construction processes.
- Government policies and investments in public infrastructure and transportation.
- Adoption of new construction materials and technologies aimed at improving efficiency and reducing costs.
