The sector has a long tradition, with several market leaders being more than 100 years old.
The largest Estonian shipyard group consists of nearly 70 companies in the Baltic states, Scandinavia and Russia.
The Estonian company Norma supplies Volvo, IVECO, SAAB, Scania and many other car manufacturers in Europe with seat belts and other safety equipment.
Manufacturing of transportation equipment comprises nearly 4% (ca 4 800 employees) of the entire manufacturing sector employment in Estonia. The total number of companies in the sector is 115.
There are a number of successful businesses in the market that produce either ferry components or other parts/products for transportation vehicles. Also a number of companies work for the automotive industry, e.g. Norma AS, which is famous for manufacturing seatbelt components for the Autoliv Group, and Universal Industries, which produces exhaust systems.
Shipyards have been considered a particularly good business area due to access to the Baltic Sea and proximity to Western Europe. There are a number of large shipyards in Estonia that subcontract for the world's largest shipping companies, e.g. Loksa Shipyard, which is part of the A.P. Moller-Maersk Group.
The main export markets are the Russian Federation, followed by Latvia, Lithuania, Sweden, Finland and Germany.
Strenghts of Estonian engineering labour pool
Deep supply of talent: Estonia offers a broad range of talent and engineering excellence, to accommodate both legacy disciplines and emerging areas of expertise. Flexibility and an adeptness to respond to change are strong characteristics.
Rich level of experience: The industry demonstrates the ability to retain talent as well as inject fresh skills into the sector. This will particularly facilitate investors looking to recruit staff at middle management level and upwards.
Age profile assures long-term supply of talent: The Engineering sector has a healthy supply of young talent. Talent supply and retention in Estonia is extremely strong compared with the national average.
High levels of education: Government support at vocational level is strong within Engineering. Equally, the number of graduates coming through the education pipeline and entering the sector remains encouraging.
Multi-skilled workforce: Estonia's engineering talent pool can also support areas which require expertise in technology and renewable energy in particular.
Access to multi-lingual pool: A high proportion of engineering professionals are multi-lingual.
Estonia has a vast supply of unexploited talent: The intensity of engineers in Estonia accounts for 14 per cent of the total working population. There are an additional 47,000 workers with relevant Engineering skills available, which can facilitate quicker start-up times for investors.
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To find out more, please contact:
Mr. Jaan Heinsoo
Investment project management services
Phone: +372 627 9520