Latin America Construction Market Report and Forecast 2025-2034
Description
The Latin America construction market size reached USD 9.11 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching almost USD 13.75 Billion by 2034.
The escalating rate of urbanisation and the shift towards sustainability have prompted the construction of sky-high buildings in Latin America using eco-friendly materials like wood. This is because wood has excellent hygroscopic and thermal properties, which creates a pleasant experience for inhabitation. This is expected to drive the Latin America construction market expansion over the forecast period.
Increasing collaboration among different stakeholders aimed at developing smart cities is also expected to facilitate the market growth. For instance, in 2023, the government of Guyana entered into an agreement with the University of Miami to develop Silica Smart City near the Guyana International Airport on an 11,000-acre land. It is expected to accommodate nearly 60,000 people and have a city centre as well as a research region known as the Innovation Village inside it. The city aims to integrate biophilic designs and intelligent technologies, including AI into building construction, which will enable people to live smartly.
With the construction of 319 GW of renewable energy power plants over the next 7 years, the Latin America construction market growth is expected to receive a significant boost. Moreover, to enhance resilience towards climate change and natural disasters, Latin American governments are expected to invest $2.2 trillion in the construction and maintenance of important infrastructure projects in key sectors like energy, sanitation, logistics, and housing, among others.
Market Segmentation
Latin America Construction Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type:
New Constructions
Renovation
Market Breakup by End Use:
Commercial
Residential
Industrial
Education and Research
Medical and Healthcare
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key market players are:
Sigdo Koppers S.A.
MRV&CO
Grupo Carso, S.A.B de C.V.
Techint E&C S.A.
Aenza
Salfacorp S.A.
Mota-Engil Group
Echeverría Izquierdo S.A.
Amarilo S.A.S.
Marval S.A.
CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
Arquitectura Y Concreto S.A.S
Others
The escalating rate of urbanisation and the shift towards sustainability have prompted the construction of sky-high buildings in Latin America using eco-friendly materials like wood. This is because wood has excellent hygroscopic and thermal properties, which creates a pleasant experience for inhabitation. This is expected to drive the Latin America construction market expansion over the forecast period.
Increasing collaboration among different stakeholders aimed at developing smart cities is also expected to facilitate the market growth. For instance, in 2023, the government of Guyana entered into an agreement with the University of Miami to develop Silica Smart City near the Guyana International Airport on an 11,000-acre land. It is expected to accommodate nearly 60,000 people and have a city centre as well as a research region known as the Innovation Village inside it. The city aims to integrate biophilic designs and intelligent technologies, including AI into building construction, which will enable people to live smartly.
With the construction of 319 GW of renewable energy power plants over the next 7 years, the Latin America construction market growth is expected to receive a significant boost. Moreover, to enhance resilience towards climate change and natural disasters, Latin American governments are expected to invest $2.2 trillion in the construction and maintenance of important infrastructure projects in key sectors like energy, sanitation, logistics, and housing, among others.
Market Segmentation
Latin America Construction Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type:
New Constructions
Renovation
Market Breakup by End Use:
Commercial
Residential
Industrial
Education and Research
Medical and Healthcare
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key market players are:
Sigdo Koppers S.A.
MRV&CO
Grupo Carso, S.A.B de C.V.
Techint E&C S.A.
Aenza
Salfacorp S.A.
Mota-Engil Group
Echeverría Izquierdo S.A.
Amarilo S.A.S.
Marval S.A.
CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
Arquitectura Y Concreto S.A.S
Others
Table of Contents
95 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Construction Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Construction Historical Market (2018-2024)
- 5.3 Global Construction Market Forecast (2025-2034)
- 5.4 Global Construction Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America Construction Market Analysis
- 6.1 Key Industry Highlights
- 6.2 Latin America Construction Historical Market (2018-2024)
- 6.3 Latin America Construction Market Forecast (2025-2034)
- 7 Latin America Construction Market by Construction Type
- 7.1 New Constructions
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Renovation
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 8 Latin America Construction Market by End Use
- 8.1 Commercial
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Residential
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Industrial
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Education and Research
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Medical and Healthcare
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Construction Market by Country
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Mexico
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Argentina
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators for Demand
- 10.4 Key Indicators for Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Sigdo Koppers S.A.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 MRV&CO
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Grupo Carso, S.A.B de C.V.
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Techint E&C S.A.
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Aenza
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Salfacorp S.A.
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Mota-Engil Group
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 Echeverría Izquierdo S.A.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 Amarilo S.A.S.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Marval S.A.
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
- 11.5.11.1 Company Overview
- 11.5.11.2 Product Portfolio
- 11.5.11.3 Demographic Reach and Achievements
- 11.5.11.4 Certifications
- 11.5.12 Arquitectura Y Concreto S.A.S
- 11.5.12.1 Company Overview
- 11.5.12.2 Product Portfolio
- 11.5.12.3 Demographic Reach and Achievements
- 11.5.12.4 Certifications
- 11.5.13 Others
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