Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Lithuania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData expects the Lithuanian construction industry to grow by 4% in real terms in 2025, supported by investments in the transport infrastructure, and energy sectors. According to the Oficialiosios Statistikos Portalas (OSP), the construction industry’s value-add rose by 1.8% year on year (YoY) in the first quarter of 2025, following an overall annual growth of 4.9% in 2024. The construction production volume index, on the other hand, grew by 4.6% YoY in the first quarter of 2025, preceded by an annual growth of 6.1% in 2024, according to Eurostat. Growth in the short term will be supported by rising investments in non-residential construction activities. According to the OSP, the total construction work done in non-residential sector rose by 14.4% YoY in Q1 2025, while the floor area of new building started in the non-residential sector grew by 4% YoY during the same period.
The Lithuanian construction industry in however expected to face challenges over the short to medium terms owing to rising construction prices and continuous weakness in the residential sector. According to the OSP, the total number of dwellings for which permits were granted fell sharply by 23.8% YoY in Q1 2025, down from an annual growth of 8.6% in 2024. Over the remainder of the forecast period, the Lithuanian construction industry is expected to grow at an average annual rate of 4% between 2026 and 2029, supported by investments in the renewable energy, and transport infrastructure projects, coupled with funds received from the European Commission (EU) for various public and private sector projects. According to the Ministry of Finance, the European Commission (EU) is planning to invest EUR2.5 billion ($2.7 billion) of funds under the plan New Generation Lithuania (NGL), into various private and public sector projects of Lithuania this year. In Q1 2025, calls for proposals for EUR293 million ($319.2 million) were announced, contracts for EUR417 million ($454.4 million) were signed, and EUR90 million ($98.1 million) was disbursed, representing 8% of all funds planned for 2025. Additionally, approximately EUR6 billion ($6.5 billion) of EU funds will be allocated to Lithuania under the 2021-2027 Investment Program (IP). Forecast period growth will also be driven by the government’s aim to generate 100% of its electricity from domestic sources by 2030, generate 100% renewable electricity by 2050 and achieve climate-neutrality by 2050.
GlobalData’s Construction in Lithuania - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into the Lithuanian construction industry, including-
This report provides a comprehensive analysis of the construction industry in Lithuania. It provides-
Summary
GlobalData expects the Lithuanian construction industry to grow by 4% in real terms in 2025, supported by investments in the transport infrastructure, and energy sectors. According to the Oficialiosios Statistikos Portalas (OSP), the construction industry’s value-add rose by 1.8% year on year (YoY) in the first quarter of 2025, following an overall annual growth of 4.9% in 2024. The construction production volume index, on the other hand, grew by 4.6% YoY in the first quarter of 2025, preceded by an annual growth of 6.1% in 2024, according to Eurostat. Growth in the short term will be supported by rising investments in non-residential construction activities. According to the OSP, the total construction work done in non-residential sector rose by 14.4% YoY in Q1 2025, while the floor area of new building started in the non-residential sector grew by 4% YoY during the same period.
The Lithuanian construction industry in however expected to face challenges over the short to medium terms owing to rising construction prices and continuous weakness in the residential sector. According to the OSP, the total number of dwellings for which permits were granted fell sharply by 23.8% YoY in Q1 2025, down from an annual growth of 8.6% in 2024. Over the remainder of the forecast period, the Lithuanian construction industry is expected to grow at an average annual rate of 4% between 2026 and 2029, supported by investments in the renewable energy, and transport infrastructure projects, coupled with funds received from the European Commission (EU) for various public and private sector projects. According to the Ministry of Finance, the European Commission (EU) is planning to invest EUR2.5 billion ($2.7 billion) of funds under the plan New Generation Lithuania (NGL), into various private and public sector projects of Lithuania this year. In Q1 2025, calls for proposals for EUR293 million ($319.2 million) were announced, contracts for EUR417 million ($454.4 million) were signed, and EUR90 million ($98.1 million) was disbursed, representing 8% of all funds planned for 2025. Additionally, approximately EUR6 billion ($6.5 billion) of EU funds will be allocated to Lithuania under the 2021-2027 Investment Program (IP). Forecast period growth will also be driven by the government’s aim to generate 100% of its electricity from domestic sources by 2030, generate 100% renewable electricity by 2050 and achieve climate-neutrality by 2050.
GlobalData’s Construction in Lithuania - Key Trends and Opportunities to 2029 (H2 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.
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
- 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
31 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, Construction Volume Production Index in Construction, 2021 = 100
- Figure 8: Lithuania, Gross Fixed Capital Formation, In Chain-Linked Volume Measures, EUR Million
- Figure 9: Lithuania, Employment in Construction Sector (in Thousands)
- Figure 10: Lithuania, Net Average Monthly Earnings, Construction, EUR
- Figure 11: Lithuania, Total Construction Input Price Index, 2021=100
- Figure 12: Lithuania, Building Renovation Input Price Index, 2021=100
- Figure 13: Lithuania, Construction Labor Cost Per Hour, EUR
- Figure 14: Lithuania, Floor Area of New Buildings Started, In Thousand m2
- Figure 15: Lithuania, Number of Dwellings Completed
- Figure 16: Lithuania, Number of Dwelling Permits
- Figure 17: Lithuania, Number of Dwellings Started
- Figure 18: Lithuania, Floor Area of New Office Buildings Started, In Thousand m2
- Figure 19: Lithuania, Floor Area of Permits Granted for New Office Buildings, In Thousands m2
- Figure 20: Lithuania, Value-add of Real Estate Activities, In 2020 Chain-Linking Method, EUR Million
- Figure 21: Lithuania, House Price Index (HPI), 2015=100
- Figure 22: Lithuania, Construction Cost of New Residential Buildings, 2021=100
- Figure 23: Lithuania, Manufacturing Value-add, In 2020 Chain-Linking Method, EUR Million
- Figure 24: Lithuania, Industrial and Manufacturing Production (2021 Constant Prices, % Change YoY)
- Figure 25: Lithuania, Exports, in EUR Million
- Figure 26: Lithuania, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Lithuania, Risk Summary
- Figure 28: Lithuania, Risk Regional Comparison
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