Lithuania Construction Industry Report 2024: Output To Shrink By 1.3% In Real-Terms This Year Before A Projected AAGR Of 3.8% During 2025-2028

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The "Lithuania construction market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)" report has been added to ResearchAndMarkets.com's offering.

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

• 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 the analyst'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 the analyst's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:
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
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