Finland Transportation Infrastructure Construction Market - Growths, Trends, COVID-19 Impact And Forecasts (2022-2027)

The Finland Transportation Infrastructure Construction Market is segmented by Mode (Roadways, Railways, Airports, ports and Inland Waterways) . The report offers market size and forecasts for Finland Transportation Infrastructure Construction Market in value (USD Billion) for all above segments.

Market Snapshot

market-snapshot
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %

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Market Overview

The Finland Transportation Infrastructure Construction Market is expected to record a CAGR of more than 5% during the forecast period.

COVID-19 impacted the transportation sector. The impact is in direct and indirect ways, such as reduction in transit services, slowing down of construction works due to social distancing, and disrupted supply chain.

Transportation infrastructure facilitates the movement of public and goods in the country. Furthermore, an increase in urban mobility creates demand for the construction of more transportation projects. The transportation infrastructure is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. This factor resulted in uninterrupted transit and freight services directly contributing to the region’s economy.

The demand for transportation infrastructure construction in Finland is driven by rising in personal income of the prople, population migration from rural to urban areas and increase in travel and tourism. The government of Finland is bouncing back from the set back due to COVID-19 pandemic and is working for maintenance and modernization of transport infrastructure in Finland. In year 2021, the government of Finland has undertaken the railway construction project of Tampere Light Rail. In year 2021, the construction of fisrt 16Km first phase of the railway is assumed to be completed. This railway line will connect city centre to Tampere University Hospital (TAYS) and Hervanta. Phase two will connect with Lielahti and Lentävänniemi and is due for completion by 2025. Artic trams built by Skoda will operate on the line, carrying up to 264 passengers.

Scope of the Report

Transportation Infrastructure is referred to the network that enables the transportation system. Roads , railways , ports and airports are all part of it. The market is segmented by Modes ( Roadways , Railways , Airports , Ports and Inland Waterways). The report offers market size and forecasts for Finland Transportation Infrastructure market in terms of value (USD Million) for all above segments.

By Modes
Roadways
Railways
Airports
Ports and Inland Waterways

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Key Market Trends

Growth of Travel and Tourism in Finland is driving the need for transportation infrastructure

Finland is a rapidly growing travel destination in Northern Europe, attracting an increasing number of international visitors. The Nordic country is famous for its pristine nature and distinct regions, extending from the Helsinki capital area to the northernmost point in Lapland. The travel and tourism industry is important for the growth of the Finnish economy, contributing a share of three percent to the GDP. The number of international tourists in Finland has seen fairly steady growth in the past years, especially in the capital region and in the Finnish Lapland, which appeal to tourists from all over the world. Most non-resident tourists came from the neighboring country Russia, followed by Germany, the United Kingdom, Sweden, and China.

Despite the surge in domestic leisure travel, the Finnish tourism industry has been severely hit by the coronavirus (COVID-19) pandemic. Finland began to restrict cross-border traffic and closed its borders for unnecessary travel in mid-March, which largely affected both inbound and outbound tourism. Domestic tourism revived during the summer of 2020, but its volume has not been able to fill the gap left by foreign tourists. 

The increasing need for travel and tourism is driving the need for transportation infrastructure construction in Finland. The transportation infrastructure construction is expected to boost the inbound and outbound tourism in Finland.

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Demand of Air transportation is driving airport construction in Finland

The air transport sector makes a major contribution to Finland’s economy. There are different ways of measuring air transport’s impact on an economy. There are three major factors to be considered: the jobs and spending generated by airlines and their supply chain, the flows of trade, tourism and investment resulting from users of all airlines serving the country and investments and job opportunities from airport infrastructure construction activities.Europe is the largest market for passenger flows to and from Finland, followed by Asia-Pacific and North America. 

The Helsinki Airport extension programme is one of the biggest transportation infrastructure construction project in Finland. The development project started in 2014 and was completed by 2021. It became accessible to people from summer 2022. The programme was designed to improve the airport’s transit capacity and build more space to handle wide-body aircraft. It would also ensure good flight connections between Finland and rest of the world, as well as make the airport competitive in the international operating environment.

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Competitive Landscape

The market is relatively fragmented, with a large number of local and International players like A-insinoorit Oy (AINS Group), Skanska AB, Destia, Finnish Transport Infrastructure Agency and YIT. The demand for sustainability and technological advancements in the transport infrastructure market is increasing, and companies in the region are expected to adopt and remain competitive. Evolving technological advancements such as new proptech solutions are driving the market in terms of increased construction projects. The increasing demand for construction infrastructure for transportation, mainly in metros, and sustainability in the region are expected to adopt and remain competitive.

Recent Development

December 2021 : The AINS group (a Finnish consulting company in the construction and property industry) has joined AW2 architects which is a specialized company in architectural design of public sector buildings. This merger has followed the acquisition of industrial and building engineering expert, AX-Consulting, to be a part of AINS Group in November 2021. The mergers will grow AINS Group into a community with over 1,000 experts and five business sectors: architectural design, construction management, structural engineering, civil engineering, and industrial and building engineering.

October 2021 : Destia (a Finnish contractor of road maintenance, roadworks, railways and other infrastructure construction) announced the most ambitious carbon neutrality targets in the construction industry. Destia has commited to being carbon neutral of it's own emissions by 2030 and climate positive by 2035. In order to achieve the carbon neutrality target, Destia has already switch to renewable energy-generated electricity during 2021. Destia will also gradually switch to fossil-free fuels by 2030.In addition, by 2030, Destia will reduce by 30% indirect emissions from third parties, such as greenhouse gas emissions from their fuel consumption and concrete, steel and asphalt production compared to 2020 levels.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modes

      1. 5.1.1 Roadways

      2. 5.1.2 Railways

      3. 5.1.3 Airports

      4. 5.1.4 Ports and Inland Waterways

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 A-insinoorit Oy (AINS Group

      2. 6.2.2 Skanska AB

      3. 6.2.3 Destia

      4. 6.2.4 Finnish Transport Infrastructure Agenc

      5. 6.2.5 YIT

      6. 6.2.6 Strabag SE

      7. 6.2.7 Colas

      8. 6.2.8 Tallqvist

      9. 6.2.9 AFRY

      10. 6.2.10 SRV*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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Frequently Asked Questions

The Finland Transportation Infrastructure Construction Market market is studied from 2018 - 2027.

The Finland Transportation Infrastructure Construction Market is growing at a CAGR of >5% over the next 5 years.

A-insinoorit Oy (AINS Group), Skanska AB, Destia, Finnish Transport Infrastructure Agency, YIT are the major companies operating in Finland Transportation Infrastructure Construction Market.

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