Lithuania Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Lithuania Construction Market Report Overview
The Lithuania construction market size was $9.3 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. Factors such as investments in the Recovery and Resilience Facility (RRF) in multiple projects will support the industry’s output over the forecast period.
Lithuania Construction Market Outlook, 2022-2027 ($ Billion)
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The Lithuania construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Lithuania from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Lithuania construction market.
Market Size (2022) | $9.3 Billion |
AAGR (2024-2027) | >2% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Lithuania Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Lithuania construction market in 2022
The key sectors in the Lithuania construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share, followed by commercial construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The increase in investments in developing regional transportation infrastructure will drive the sector output over the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The public and private sector investment in the housing sector, coupled with government housing renovation programs will drive the sector’s growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s growth over the forecast period is attributed to the government’s focus on reducing greenhouse gas (GHG) emissions and becoming net zero by 2050.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The rising tourist activities in the country and the subsequent investments in the leisure and hospitality and retail sectors will drive the sector’s growth over the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The rising FDI and a steady recovery in industrial and manufacturing activities will boost the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Rising public and private investments in healthcare, education, and religious infrastructure buildings will facilitate the sector’s growth during the forecast period.
Lithuania Construction Market Analysis by Sectors, 2022 (%)
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Lithuania Construction Market – Latest Developments
- In the 2023 Budget, the government allocated a heavy budget to the transportation sector. This includes investments in road maintenance and development, railway transport infrastructure projects, and the development of the Rail Baltica project.
- In June 2023, Vilnius Municipal Government announced a plan to repair 100km of roads in Vilnius.
Segments Covered in the Report
Lithuania Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in Lithuania.
- Historical and forecast 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
Table
Figures
Frequently asked questions
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What was the Lithuania construction market size in 2022?
The construction market size in Lithuania was $9.3 billion in 2022.
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What will the Lithuania construction market growth rate be during the forecast period?
The construction market in Lithuania is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which are the key sectors in the Lithuania construction market?
The key sectors in the Lithuania construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
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Which was the leading sector in the Lithuania construction market in 2022?
Infrastructure construction was the leading sector in the Lithuania construction market in 2022.
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