Latin America Construction Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Latin America Construction Market is segmented by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities).

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2021
CAGR: 5 %

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Market Overview

The Latin America Construction Market is estimated to grow at a CAGR of approximately 5% during the forecast period.

Despite increasing the foreign trade tension, uncertainty in policies and fiscal pressures that are weighing on the economy of Latin American, the construction industry will continue to expand during the forecasted period.

Be that it as may, the growth made isn’t uniform across the continent in terms of GDP or the infrastructure market. A select group of countries are outperforming markets and can draw on the adequate private and public capital, partly determined by solid commodity prices from the extraction markets, to help and facilitate infrastructure investment, while other higher risk markets with progressively constrained opportunities continue to weigh down the overall attractiveness of the region. The improving expansion of the industry will be driven by an arrival to critical development and growth in several large markets such as Brazil and Colombia, as well as the continued strong growth of other markets, including Chile and Peru.

By 2021, the construction industry in Mexico is forecasted to be one of the largest in the Latin America, with a value of USD 121 billion followed by brazil with USD 73.9 billion.

Scope of the Report

The Latin America construction market covers the growing construction projects in different sectors, like commercial construction, residential construction, industrial construction, infrastructure (transportation construction), and energy and utility construction. Along with the scope of the report also it analyses the key players and the competitive landscape in the Latin America Construction Market. The impact of COVID’19 has also been incorporated and considered during the study.

Energy and Utilities

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Key Market Trends

Capital Expenditure and Leading Infrastructure Projects in Pipeline to Boost Construction Sector

The market is expected to observe a growth during the forecast period driven by many projects in infrastructure under the pipeline. The value of infrastructure projects as seen in 2018 is valued at USD 829.3 billion with rail projects valued at USD 204.3 billion. The governments focus on sustainable infrastructure projects, and in different sectors including rail, energy-oil and gas, urban mass transit, ports, renewable energy, social infrastructure to meet the demands of the population growth will be one of the main factors which propel the construction sector in Latin America.

Latin America Construction Market

Focus on Tourism to Boost the Construction and Infrastructure Market

The construction industry is expected to grow over the forecast period (2020-2025), fueled by the government's focus on improving tourism sector infrastructure in the country. Furthermore, the government aims to enhance the sustainability of the tourism sector, with a special emphasis on developing the country as a medical and health tourism hub. In January 2020, Brazil reported nearly nine thousand hotel rooms under construction, which made it the leading country in the construction of lodging facilities in Central and South America. Colombia was the second country in the region with the largest number of hotel rooms under construction, followed by Chile and Peru. In the first quarter of 2020, there were 702 hotel construction pipelines in Latin America. At that point in time, 324 lodging facilities were already under construction, while 203 more were expected to start construction in the following twelve months.

Latin America Construction Market

Competitive Landscape

The report covers the major players operating in the Latin America Construction Market. The market is fragmented, and the market is expected to grow during the forecast period due to the increase in the construction investments and up-coming major projects in the country and other few factors are driving the market.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study


    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases



    1. 4.1 Current Economic and Construction Market Scenario

    2. 4.2 Technological Innovations in the Construction Sector

    3. 4.3 Impact of Government Regulations and Initiatives on the Industry

    4. 4.4 Key Exports & import statistics of construction materials

    5. 4.5 Impact of COVID - 19 on the market


    1. 5.1 Restraints

    2. 5.2 Opportunitites

    3. 5.3 Value Chain / Supply Chain Analysis

    4. 5.4 Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers / Buyers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry


    1. 6.1 Residential

      1. 6.1.1 Commercial

      2. 6.1.2 Industrial

      3. 6.1.3 Infrastructure

      4. 6.1.4 Energy and Utilities


    1. 7.1 Mergers & Acquisitions

    2. 7.2 Company Profiles

      1. 7.2.1 Empresa ICA, S.A.B. de C.V.

      2. 7.2.2 OAS S.A.

      3. 7.2.3 Somague-Engenharia, S.A

      4. 7.2.4 IDEAL,S.A.B. de C.V.

      5. 7.2.5 Cyrela Brazil Realty S.A.

      6. 7.2.6 Andrade Gutierrez S.A.

      7. 7.2.7 Construcciones el Condor S.A.

      8. 7.2.8 Salfacorp S.A.

      9. 7.2.9 Construtora Queiroz Galvão S.A.

      10. 7.2.10 Odinsa S.A.

      11. 7.2.11 Socovesa S.A.*

    3. *List Not Exhaustive

  9. 9. APPENDIX

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Frequently Asked Questions

The Latin America Construction Market market is studied from 2016 - 2026.

The Latin America Construction Market is growing at a CAGR of 5% over the next 5 years.

Empresa ICA, S.A.B. de C.V., OAS S.A., IDEAL,S.A.B. de C.V., Cyrela Brazil Realty S.A., Andrade Gutierrez S.A. are the major companies operating in Latin America Construction Market.

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