Market Size of Lithuania Facility Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.48 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Lithuania Facility Management Market Analysis
The Lithuania facility management market is expected to register a CAGR of 3.48% during the forecast period, 2022-2027. The government-led construction boom and surging emphasis on green building practices increase the demand for facility management in Lithuania.
- Lithuania's facility management industry operates with integrated contracts provided by vendors across continents and borders, and small local players focus on single contracts and single-service solutions. However, there are increasing opportunities to leverage facility management and corporate real estate in new ways, given the dynamics occurring across the country.
- Several construction works are going on in the country, providing an opportunity for the facility management market. For instance, in Oct 2021, Petrofac received a contract of USD 640 million from PC ORLEN Lietuva to expand Mazeikiai Refinery in Lithuania. The company will support the refinery's modernization and environmental upgrade work.
- Moreover, in Oct 2021, The ECIEEA signed a EUR 19.7 million loan agreement for the Global Rail Baltica project. The agreement includes the design of the Kaunas railway and maintenance facility infrastructure in Lithuania.
- Various permits are being issued in the region for the waste management and storage facility, which is, in turn, expected to drive the market growth. For instance, in April 2022, Lithuania's State Nuclear Power Safety Inspectorate (Vatesi) issued two licenses to the Ignalina Nuclear Power Plant (INPP) to commence the industrial operation of radioactive waste management and storage facility.
- The outbreak of COVID-19 has had a mixed business impact on facilities management firms, as the restrictions on the movement of people have resulted in a decline in project work and a reduced level of activity across many customer sites.
- FM providers have been experiencing supply chain disruptions leading to difficulties in procuring materials and supplies. Also, they have found it harder to cope with staff shortages owing to various factors that include lockdown restrictions, self-isolation, and illness. However, the readily built environment has played an essential role in supporting multiple industries from health and social care to transport and utilities and helped tackle the spread of the virus.
Lithuania Facility Management Industry Segmentation
Facility management services involve the management of building upkeep, utilities, maintenance operations, waste services, security, etc. These services are further divided into hard facility management services and soft facility management services spheres. The adoption of facility management solutions and services is likely to be driven by a number of factors, including an increase in demand for cloud-based facility management solutions and a rise in demand for facility management systems linked with intelligent software.
The Lithuania Facility Management Market is Segmented by Type (In-house FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), by Offering Type ( Hard FM, Soft FM) and by End-User (Commercial, Institutional, Public/ Infrastructure, Industrial).
By Facility Management Type | |||||
In-house Facility Management | |||||
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By Offering | |
Hard FM | |
Soft FM |
By End-User | |
Commercial | |
Institutional | |
Public/Infrastructure | |
Industrial | |
Other End-Users |
Lithuania Facility Management Market Size Summary
The Lithuania facility management market is poised for growth, driven by a government-led construction boom and a heightened focus on green building practices. The industry is characterized by a mix of integrated contracts from international vendors and localized single-service solutions. This dynamic landscape presents opportunities for innovative applications of facility management and corporate real estate. Ongoing construction projects, such as the expansion of the Mazeikiai Refinery and the Global Rail Baltica project, underscore the demand for facility management services. Additionally, the issuance of permits for waste management facilities is expected to further propel market growth. Despite the challenges posed by the COVID-19 pandemic, which led to supply chain disruptions and staff shortages, the sector has demonstrated resilience by supporting essential services across various industries.
The commercial and retail segment emerges as a significant contributor to the facility management market in Lithuania, fueled by rapid infrastructure development and increasing demand from hotels, retail outlets, and office buildings. Investments in commercial real estate, such as those by Baltisches Haus, highlight the sector's potential. The market is also influenced by geopolitical factors, such as the influx of Ukrainian refugees and the relocation of IT companies from Russia and Belarus, which are expected to boost growth. The competitive landscape features a range of firms, from global players like ISS World and Diversey Holdings Ltd to local entities, with strategic partnerships and mergers anticipated to enhance market dynamics. As businesses increasingly outsource day-to-day operations to specialized providers, the market is set to expand, offering superior service quality and operational efficiency.
Lithuania Facility Management Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on The Market
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2. MARKET SEGMENTATION
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2.1 By Facility Management Type
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2.1.1 In-house Facility Management
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2.1.2 Outsourced Facility Management
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2.1.2.1 Single FM
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2.1.2.2 Bundled FM
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2.1.2.3 Integrated FM
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2.2 By Offering
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2.2.1 Hard FM
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2.2.2 Soft FM
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2.3 By End-User
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2.3.1 Commercial
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2.3.2 Institutional
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2.3.3 Public/Infrastructure
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2.3.4 Industrial
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2.3.5 Other End-Users
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Lithuania Facility Management Market Size FAQs
What is the current Lithuania Facility Management Market size?
The Lithuania Facility Management Market is projected to register a CAGR of 3.48% during the forecast period (2024-2029)
Who are the key players in Lithuania Facility Management Market?
ISS Service, Diversey Holdings LTD, City Service SE, UAB Clean Solutions and Baltisches Haus are the major companies operating in the Lithuania Facility Management Market.