Latvia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Summary
GlobalData’s Construction in Latvia - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into Latvia’s construction industry, including -
- Latvia’s construction industry 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 Latvia’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Forecast-period growth in the industry will also be supported by European Union (EU) recovery funds. The European Commission approved the second payment of EUR336 million ($356.2 million) under Latvia’s Recovery and Resilience Plan, in May 2024. The country is also expected to receive EUR660 million ($699.6 million) by 2024 and EUR820 million ($869.2 million) by 2025. The country has approved programmes for increasing energy efficiency for both residential buildings and companies, and planned the construction of almost 700 energy-efficient low-rent apartments.
Scope
This report provides a comprehensive analysis of the construction industry in Latvia. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Latvia, 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 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.
- 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
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Latvia, Top Construction Projects by Value
- Table 3: Latvia, Construction Output Value (Real, $ Million)
- Table 4: Latvia, 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: Latvia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Latvia, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: Eastern Europe, Construction Output (Real % Change), 2022-28
- Figure 4: Latvia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Latvia, Construction Value Add (Constant 2015 Prices, EUR Million)
- Figure 6: Latvia, Volume of Construction Output, In Current Prices, % Change YoY
- Figure 7: Latvia, Construction Cost Index, 2021=100
- Figure 8: Latvia, Number of Permits Issued for Office Buildings
- Figure 9: Latvia, Number of Permits Issued for Hotels, Wholesale, and Retail Buildings
- Figure 10: Latvia, Non-Resident Visitor Arrivals, In Thousands
- Figure 11: Latvia, Value Add of Accommodation, Food Services, Arts, Entertainment, and Recreation Activities, in Constant 2015 Prices, % Change YoY
- Figure 12: Latvia, Manufacturing Value Add (Constant 2015 Prices, EUR Million)
- Figure 13: Latvia, Total Exports, In EUR Million
- Figure 14: Latvia, Industrial and Manufacturing Production Volume Indices, 2015=100, Seasonally Adjusted Data, % Change YoY
- Figure 15: Latvia, Volume of Construction Output of Roads and Railways (Current Prices)
- Figure 16: Latvia, Volume of Construction of Utility Projects for Electricity and Telecommunications, In Current Prices
- Figure 17: Latvia, Total Gross Electricity Production and Electricity Consumption, in Million Kwh
- Figure 18: Latvia, Value Add of Education, Health, and Social Care Services, In Constant 2015 Prices, % Change YoY
- Figure 19: Latvia, Value Add of Real Estate Activities (Constant 2015 Prices, EUR Million)
- Figure 20: Latvia, Number of Permits Approved for Residential Buildings
- Figure 21: Latvia, New Business Loans to Households for House Purchase, In EUR Million
- Figure 22: Latvia, House Price Index (HPI), 2015=100
- Figure 23: Latvia, Construction Cost Index for New Residential Buildings, 2015=100
- Figure 24: Latvia, Construction Projects Pipeline, Value by Stage ($ Million)
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