Report cover image

Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published Jan 31, 2025
Length 28 Pages
SKU # GBDT19677272

Description

Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData’s Construction in Lithuania - Country Briefing (H1 2025) report provides detailed market analysis, information, and insights into the Lithuanian construction industry, including -
  • The Lithuanian 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 the Lithuanian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
GlobalData estimates the Lithuania construction industry to grow by 4% in real terms in 2025, supported by increase in civil engineering activities and improvement in non-residential building construction, coupled with public and private sector investments in the infrastructure, and energy sectors. According to the Oficialiosios Statistikos Portalas (OSP), the construction industry’s value add rose by 5.7% year on year (YoY) in the first three quarters of 2024, rising from EUR2.6 billion ($2.8 billion) in January-September 2023 to EUR2.8 billion ($2.9 billion) in January-September 2024. According to Eurostat, the construction production volume index grew by 5.8% YoY in the first three quarters of 2024, preceded by an annual growth of 12.4% in 2023.

Over the remainder of the forecast period, the Lithuanian construction industry is expected to register an average growth of 4.3% from 2026 to 2029, supported by investments in energy, transport infrastructure, and industrial sectors, coupled with the government plan to achieve net zero emission by 2050. In line with this, in December 2024, the European Commission (EC) disbursed EUR463 billion ($492.4 million) for the implementation of “New Generation Lithuania which outlines the investment in the energy, infrastructure, and social sectors to improve the overall economy by 2026. Furthermore, in October 2024, the government owned electricity and gas transmissions service provider, EPSO-G revealed that it is planning to invest an estimated EUR3 billion ($3.2 billion) to improve the electricity and gas infrastructure in the country by 2035. Among the recent development, in October 2024, the construction work was started on a wind project in Telsiai. The project includes the construction of 124MW wind farm with an estimated cost of EUR200 million ($212.7 million) by the end of 2026. Additionally, in September 2024, the UK based energy company Aur power revealed that the technical design of a solar park in Dukstas is nearing completion and it expects to gain the permits for this park by the middle of 2025. The project involves the construction of a 375MW solar park on an area of 900ha and is expected to go operational by 2028.

Scope

This report provides a comprehensive analysis of the construction industry in Lithuania.It provides -
  • Historical (2020-2024) and forecast (2025-2029) 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 our 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 business strategies 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
8 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 Million)
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), 2020–29
Figure 2: Lithuania, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 3: Eastern Europe, Construction Output (Real % Change), 2023–29
Figure 4: Lithuania, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 5: Lithuania, Construction Value Add, In 2020 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, Value Add of Real Estate Activities, In 2020 Chain-Linking Method, EUR Million
Figure 12: Lithuania, House Price Index (HPI), 2015=100
Figure 13: Lithuania, Number of Dwellings Completed
Figure 14: Lithuania, Number of Dwelling Permits
Figure 15: Lithuania, Number of Dwellings Started
Figure 16: Lithuania, Construction Volume Production Index in Construction, 2021 = 100
Figure 17: Lithuania, Construction Cost of New Residential Buildings, 2021=100
Figure 18: Lithuania, Manufacturing Value Add, In 2020 Chain-Linking Method, EUR Million
Figure 19: Lithuania, Industrial and Manufacturing Production (2021 Constant Prices, % Change YoY)
Figure 20: Lithuania, Exports, in EUR Million
Figure 21: Lithuania, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Lithuania, Risk Summary
Figure 23: Lithuania, Risk Regional Comparison

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us