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Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Publisher GlobalData
Published Aug 30, 2024
Length 28 Pages
SKU # GBDT19205404

Description

Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)


Summary

GlobalData’s Construction in Lithuania - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into Lithuania’s construction industry, including -
  • Lithuania’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Lithuania’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Following annual growth of 9.8% in 2023, the construction industry in Lithuania is expected to shrink by 1.3% in real terms in 2024, owing to a high base effect, a rise in overall inflation and construction costs, coupled with declining exports. According to Oficialiosios Statistikos Portalas (OSP), the average construction inputs price index grew by 3% year-on-year (YoY) in the first six month of 2024. Furthermore, a decline in investor and consumer confidence, reflected by a sharp decline in new buildings started, will further dampen the construction industry’s output in the coming quarters.

Over the remainder of the forecast period, the Lithuanian construction industry is expected to register an average growth of 3.8% from 2025 to 2028, supported by investments in energy, transport infrastructure, and industrial sectors, coupled with the government’s plan to have 39% of Lithuania’s railway lines electrified by 2030. In February 2024, LTG Infra - responsible for constructing the Rail Baltica railway section in Lithuania - has started market consultations for the procurement of works of the construction of the railway track superstructure in the section from Kaunas to the Latvian border. This segment includes nearly 30km of railway embankment and engineering structures, whereby the total length of the Rail Baltica railway line across the Baltic nations spans 870km; 392km in Lithuania.

Scope

This report provides a comprehensive analysis of the construction industry in Lithuania. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Lithuania, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

28 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Lithuania, Top Construction Projects by Value
Table 3: Lithuania, Construction Output Value (Real, $ Million)
Table 4: Lithuania, Construction Output Value (Nominal, EUR Billion)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Lithuania, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 2: Lithuania, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 3: Eastern Europe, Construction Output (Real % Change), 2022-28
Figure 4: Lithuania, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 5: Lithuania, Construction Value Add, In 2015 Chain-Linking Method, EUR Million
Figure 6: Lithuania, Value of Domestic Construction Work Done, In Current Prices, % Change YoY
Figure 7: Lithuania, Gross Fixed Capital Formation, In Chain-Linked Volume Measures, EUR Million
Figure 8: Lithuania, Floor Area of New Buildings Started, In Thousand m2
Figure 9: Lithuania, Floor Area of New Office Buildings Started, In Thousand m2
Figure 10: Lithuania, Floor Area of Permits Granted for New Office Buildings, In Thousands m2
Figure 11: Lithuania, Manufacturing Value Add, In 2015 Chain-Linking Method, EUR Million
Figure 12: Lithuania, Industrial and Manufacturing Production, in 2015 Constant Prices, in EUR Million
Figure 13: Lithuania, Exports, in EUR Million
Figure 14: Lithuania, Value Add of Real Estate Activities, In 2015 Chain-Linking Method, EUR Million
Figure 15: Lithuania, House Price Index (HPI), 2015=100
Figure 16: Lithuania, Number of Dwellings Completed
Figure 17: Lithuania, Number of Dwelling Permits
Figure 18: Lithuania, Number of Dwellings Started
Figure 19: Lithuania, Volume Production Index in Construction, 2021 = 100
Figure 20: Lithuania, Construction Cost of New Residential Buildings, 2021-00
Figure 21: Lithuania, Construction Projects Pipeline, Value by Stage ($ Million)

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