Latin America Commercial Construction Market Report and Forecast 2025-2034

The Latin America commercial construction market size reached approximately USD 255.00 Billion in 2024. The market is further projected to grow at a CAGR of 3.80% between 2025 and 2034, reaching a value of USD 370.27 Billion by 2034.

Key Trends in the Market

Commercial construction refers to renovation, design, and building of commercial structures. The contractors and developers compete for construction projects through the submission of proposal bids. The scale of the construction projects can be small, medium, or large in size and the nature of the projects ranges from high rise buildings to restaurants to office structures.

• Increasing initiatives by various governments in the region to reduce the infrastructure gap is aiding the Latin America commercial construction market growth. The key sectors requiring major infrastructural support include sanitation, energy, logistics, and communication.
• Rising foreign and private investments towards infrastructure development while addressing the existing barriers between private and public sectors is supporting the market expansion. The increasing investments towards the infrastructure development are anticipated to foster international trade and boost economic growth.
• Increasing utilisation of energy efficient and environment friendly materials to reduce the environmental impact of construction activities is providing lucrative growth opportunities to the market. The increased adoption of green buildings in various regions across Latin America is aiding in the reduction of carbon dioxide emissions, energy consumption, and water usage, among others.

Latin America Commercial Construction Market Segmentation
"Latin America Commercial Construction Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Breakup by End Use

• Government
• Civil Infrastructure
• Transportation
• Retail
• Hospitality
• Healthcare
• Education
• Offices
• Data Centres
• Amusement and Recreation
• Others

Breakup by Region

• Central America
• South America
• Caribbean

Market Share by End Use

Transportation sector is anticipated to account for a significant Latin America commercial construction market share. This growth can be attributed to the increasing investments by the governments in the region towards the enhancement of railways, roadways, and air transportation systems to improve the urban transportation sector and support economic growth. The influx of international tourists is further supporting the growth of the segment.

Market Share by Region

South America is expected to witness significant growth in the coming years. This growth can be attributed to the expansion of the hospitality sector in the region owing to the increase in travel and tourism activities in countries such as Argentina and Brazil. The presence of impressive landscapes including arid Andean plateau of the Northwest, Iguazu Falls, and Patagonian clear lakes, among others coupled with supportive tourism services is aiding the growth of the tourism sector in the region and bolstering the Latin America commercial construction market demand.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Sigdo Koppers S.A.

Sigdo Koppers S.A., headquartered in Santiago, Chile, is one of the leading conglomerates involved in the logistics, construction and industrial erection, and transportation businesses. In the industrial domain, the company is involved in the rock fragmentation, advanced technology plastic films, and household appliances.

SACYR S.A.

SACYR S.A., headquartered in Madrid, Spain, is an infrastructure development and operating company that was founded in 1986. The company is dedicated towards enhancing the environment, improving the cities, and the betterment of the daily life of their customers.

Techint E&C S.A

Techint E&C S.A is known for providing construction, procurement, management and operation, and engineering services for large scale and complex projects. The company is also involved in the construction and design of industrial machinery and plants.

Other Latin America commercial construction market key players include Grupo Galas, S.A., Aenza, Salfacorp S.A., Mota-Engil Group, Hogares Eden, S.A. de C.V., and Constructora VDZ SpA, among others.