Lithuania Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Lithuania Construction Market Report Overview
The Lithuania construction market size was $11.7 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028 supported by investments in renewable energy, transport, and industrial infrastructure.
Lithuania Construction Market Outlook, 2023-2028 ($ Billion)
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The Lithuania construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence Lithuania’s construction market growth in the coming years.
Market Size (2023) | $11.7 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
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
The infrastructure construction sector accounted for the highest market share in the Lithuania construction market in 2023
The key sectors in the Lithuania construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. An anticipated pickup in domestic demand, and private investment in warehouses, coupled with a recovery in the tourism sector and, retail and leisure activities will drive the commercial sector’s growth during 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 improvement in investments in manufacturing plants and industrial activities and recovery in export activities will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Public and private investments will support the infrastructure sector’s output during the forecast period.
Energy and utility construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on reducing greenhouse gas (GHG) emissions and becoming net zero by 2050 through renewable energy generation schemes will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in educational, healthcare, and research building projects will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private sector investments in housing projects, in turn, will support the residential sector output over the forecast period.
Lithuania Construction Market Analysis by Sectors, 2023 (%)
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Lithuania Construction Market - Latest Developments
- Lithuanian Airports Authority (LTOU) reported that the construction work on the Vilnius airport project was started in January 2024. This project includes the construction of a new passenger terminal which will increase the total area of Vilnius airport by 14,400m2. completed by the first half of 2025.
- In March, Rheinmetall, a German manufacturing company, announced that it is in discussions with the Lithuanian government regarding the development of an ammunition plant in Lithuania. The project includes the construction of an ammunition manufacturing factory with an investment of EUR250 million ($265 million) in central Lithuania. This project will be completed within three years from the start of its construction.
Segments Covered in the Report
Lithuania Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- 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 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 construction market size in Lithuania in 2023?
The construction market size in Lithuania was $11.7 billion in 2023.
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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 3% during 2025-2028.
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Which sector accounted for the highest share of the Lithuania construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Italian construction market in 2023.
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