Operating environment

Geo-
graphical area
  GROWTH DRIVERS OUTLOOK FOR THE NEAR FUTURE COMPETITIVE FIELD
FINLAND
BUILDING
CONSTRUC-
TION

Urban growth centre development

Ageing building stock

Solutions that improve energy efficiency

Migration and population growth

A weak market situation in new construction outside urban growth centres

No major changes in the number of units started

Uncertainty associated with economy and funding slows down commercial construction

Growth in renovation continues

5–7 major players in new construction

The renovation sector is fragmented

INFRA-
STRUCTURE
CONSTRUC-
TION

Urban growth centre development

Growth in repair debt

Construction related to energy production and energy networks

Growth in infrastructure construction postponed to 2015

Demand is reduced by slow economic growth, challenges in public and municipal sector finan-
ces and the decline in building construction

Ongoing large-scale projects and development projects in city centres are boosting demand for specialised contracting

5–7 major players in infrastructure construction

An increased number of foreign players

TECHNICAL
BUILDING
SERVICES

Growth in renovation in building construction

Increased energy efficiency re-
quirements and stricter regulations

Outsourcing and centralisation in the upkeep and maintenance in technical building services

Demand for upkeep and maintenance is at a good level

The market situation in contracting weak due to declining new construction; increasing renovation is compensating

Contracting in technical building services is highly fragmented

The three largest players have a market share of less than 20 per cent

Significantly fewer players in upkeep and maintenance

SCANDI-
NAVIA
INFRA-
STRUCTURE
CONSTRUC-
TION

Multi-year State investment programmes

Basic renovation and new investments required in the energy supply sector

Road and rail networks around and connecting urban growth centres require renewal and renovation

Infrastructure construction continues to grow steadily in all countries

The five largest players in paving have a market share of about 80 per cent

The number of Central and Eastern European players is increasing

RUSSIA RESIDENTIAL
CONSTRUC-
TION
(COMFORT
CLASS, ST
PETERSBURG)

A wealthier middle class, increased purchasing power

Increased demands with regard to living space and comfort

Mortgage market development

The long-term need for new housing is high

Construction activity is at a good level, growth is expected to continue in the near future

Three Nordic players in residential construction in addition to several local players

Demand and supplier quality varies a lot

INFRA-
STRUCTURE
CONSTRUC-
TION

Major projects between urban growth centres

Weak traffic infrastructure

A multi-year State investment plan to improve the highway network

Upcoming major sports events

The volume of infrastructure construction may increase significantly if the State implements its planned programme to develop road and rail networks

Mainly local players in the market

The introduction of new technology gives foreign players a competitive edge

BALTIC COUNTRIES INFRA-
STRUCTURE
CONSTRUC-
TION

Limited road networks and traffic network in poor condition

EU funding

The potential launch of the Rail Baltica traffic project

Infrastructure construction trends in the near future will depend on the countries’ economic situation and the availability of funding

Growth potential particularly in road and rail construction as well as in construction related to energy production

Infrastructure construction market shares are divided among several players, many local players