Synopsis
This report provides detailed market
analysis, information and insights into the Lithuanian construction market,
including:
- The Lithuanian construction market’s growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within Lithuania
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Lithuanian construction market
- Assessment of the competitive forces facing the construction industry in Lithuania and profiles of the leading players
- Data highlights of the largest construction projects in Lithuania
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Executive summary
The Lithuanian construction industry
recorded a CAGR of -15.50% during the review period (2008−2012). The housing
market contracted in 2009 as interest rates began to rise and banks tightened
their lending conditions. Deflation in the property sector was one of the key
factors in the decline in domestic demand and contributed to the country’s
economic contraction of 15% in 2009. Infrastructure investment supported the
construction industry during the financial crisis, recording the lowest decline
of all construction markets during the review period at a CAGR of -6.43%.
Timetric expects the Lithuanian construction industry to record a CAGR of 3.52%
over the forecast period (2012−2017).
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