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Finland Transportation Infrastructure Construction Market Size (2024 - 2029)

The Finland Transportation Infrastructure Construction Market is experiencing growth driven by the need for modernization and increased urban mobility. This expansion is characterized by the construction and improvement of essential transportation facilities such as railways, roads, bridges, and airports, which are crucial for facilitating public movement and enhancing economic activities. The market's growth is further supported by rising personal incomes, urban migration, and a boost in travel and tourism.

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Market Size of Finland Transportation Infrastructure Construction Industry

Finland Transportation Infrastructure Construction Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 8.85 Billion
Market Size (2029) USD 11.32 Billion
CAGR (2024 - 2029) 5.04 %
Market Concentration Medium

Major Players

Finland Transportation Infrastructure Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Finland Transportation Infrastructure Construction Market Analysis

The Finland Transportation Infrastructure Construction Market size is estimated at USD 8.85 billion in 2024, and is expected to reach USD 11.32 billion by 2029, growing at a CAGR of 5.04% during the forecast period (2024-2029).

Transportation infrastructure facilitates the movement of the public and 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 the rising personal income of the people, population migration from rural to urban areas, and an increase in travel and tourism.
  • In November 2022, according to the sources, the planning phase of the northern part of the eastern bypass in Salo will begin in spring 2023 and end in autumn 2024. The total cost of the 4 km road project (including 8 bridges) is estimated to be EUR 40 million (USD 42.84 million). The Transport Infrastructure Agency of Finland (FTIA) allocated approximately EUR 1 million (USD 1,07 million) for the planning phase for 2023.
  • In 2021, the government of Finland has undertaken the railway construction project of Tampere Light Rail. In 2021, the construction of the first 16Km first phase of the railway is assumed to be completed. This railway line will connect the city center 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.

Finland Transportation Infrastructure Construction Industry Segmentation

Transportation infrastructure refers to the network that enables the transportation system. Transport infrastructure refers to the fixed facilities, infrastructure, and networks that support the transportation of people and goods.

The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry.

Roads, railways, ports, and airports are all part of it. The market is segmented by modes (roads, railways, airports, ports and inland waterways). The report offers market size and forecasts for the Finland transportation infrastructure construction market in value (USD) for all the above segments.

By Modes
Roadways
Railways
Airports
Ports and Inland Waterways
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Finland Transportation Infrastructure Construction Market Size Summary

The transportation infrastructure construction market in Finland is poised for significant growth over the forecast period, driven by modernization efforts and increasing urban mobility demands. The sector is experiencing a surge in projects aimed at enhancing railways, roads, bridges, and airports, which are crucial for facilitating public movement and supporting the economy. Factors such as rising personal incomes, urban migration, and a booming travel and tourism industry are fueling the demand for new infrastructure projects. Finland's commitment to sustainable development and carbon neutrality by 2035 further underscores the importance of advancing transportation infrastructure to support these goals. The country's strategic initiatives, including the STF program, aim to align the tourism sector with sustainability objectives, thereby boosting the need for robust transportation networks.

Finland's transportation infrastructure market is characterized by a mix of local and international players, with companies like A-insinoorit Oy, Skanska AB, and YIT actively participating in the sector. The market is relatively fragmented, with ongoing projects such as the expansion of Helsinki-Vantaa Airport and the development of the Tampere Light Rail system highlighting the region's focus on enhancing connectivity and passenger services. The air transport sector, in particular, plays a vital role in Finland's economy, with significant investments in airport infrastructure aimed at maintaining competitiveness in Europe. As the demand for sustainable and technologically advanced solutions grows, the market is expected to continue evolving, with new proptech solutions and increased construction activities driving further development in transportation infrastructure.

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Finland Transportation Infrastructure Construction Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Construction of roads, bridges and highways under government initiative promote the market growth

      2. 1.2.2 Growth in waterways and ports infrastructure driving the market

    3. 1.3 Market Restraints

      1. 1.3.1 Operational Cost

    4. 1.4 Market Opportunities

      1. 1.4.1 Technological Innovations

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Modes

      1. 2.1.1 Roadways

      2. 2.1.2 Railways

      3. 2.1.3 Airports

      4. 2.1.4 Ports and Inland Waterways

Finland Transportation Infrastructure Construction Market Size FAQs

The Finland Transportation Infrastructure Construction Market size is expected to reach USD 8.85 billion in 2024 and grow at a CAGR of 5.04% to reach USD 11.32 billion by 2029.

In 2024, the Finland Transportation Infrastructure Construction Market size is expected to reach USD 8.85 billion.

Finland Transportation Infrastructure Construction Market Report Snapshots

Finland Transportation Infrastructure Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)