Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)
Description
Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)
Summary
The construction industry in Argentina is expected to expand by 6.8% in real terms in 2025, rebounding from low base effect - austerity measures effectively cut a quarter of Argentina’s construction output in 2024. In Q4 2025, building permits are rising, coupled with investments in transport infrastructure projects. According to the National Institute of Statistics and Censuses (INDEC), the total area authorized for building permits by 246 municipalities grew by 7.4% year-on-year (YoY) in the first eight months of 2025, preceded by an annual decline of 10.5% in 2024. In September 2025, the Government presented the 2026 Budget Bill to the lower house Chamber of Deputies. As part of the latest budget, the total spending is projected at ARS148 trillion ($80.6 billion), with revenues anticipated at ARS48.2 trillion ($80.7 billion). However, in the short to medium terms, the industry’s growth is expected to be affected by high inflation, debt, and currency instability.
The industry is expected to register an annual average growth rate of 4.9% between 2026 and 2029, supported by investments in oil and gas infrastructure projects, coupled with the government aim of achieving net zero emissions by 2050. Moreover, under the National Hydrogen Strategy (ENH), the government plans to invest ARS165.3 trillion ($90 billion) to produce at least five million tons (Mt) of low-emission hydrogen per year by 2050. The strategy focuses on constructing hydrogen production hubs, improving road corridors, and ports to increase connectivity between hydrogen hubs and Argentina’s network of universities and local technological centres by 2050. In line with this, in November 2025, the government approved a new port in Timbúes (Santa Fe) on the Paraná Rive, with an investment of ARS508.8 billion ($277 million) under the Large Investment Incentive Regime (RIGI). With this project, total investments approved under the RIGI framework amount to ARS45.6 trillion ($24.8 billion).
GlobalData’s Construction in Argentina - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into Argentina’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Argentina. It provides -
Summary
The construction industry in Argentina is expected to expand by 6.8% in real terms in 2025, rebounding from low base effect - austerity measures effectively cut a quarter of Argentina’s construction output in 2024. In Q4 2025, building permits are rising, coupled with investments in transport infrastructure projects. According to the National Institute of Statistics and Censuses (INDEC), the total area authorized for building permits by 246 municipalities grew by 7.4% year-on-year (YoY) in the first eight months of 2025, preceded by an annual decline of 10.5% in 2024. In September 2025, the Government presented the 2026 Budget Bill to the lower house Chamber of Deputies. As part of the latest budget, the total spending is projected at ARS148 trillion ($80.6 billion), with revenues anticipated at ARS48.2 trillion ($80.7 billion). However, in the short to medium terms, the industry’s growth is expected to be affected by high inflation, debt, and currency instability.
The industry is expected to register an annual average growth rate of 4.9% between 2026 and 2029, supported by investments in oil and gas infrastructure projects, coupled with the government aim of achieving net zero emissions by 2050. Moreover, under the National Hydrogen Strategy (ENH), the government plans to invest ARS165.3 trillion ($90 billion) to produce at least five million tons (Mt) of low-emission hydrogen per year by 2050. The strategy focuses on constructing hydrogen production hubs, improving road corridors, and ports to increase connectivity between hydrogen hubs and Argentina’s network of universities and local technological centres by 2050. In line with this, in November 2025, the government approved a new port in Timbúes (Santa Fe) on the Paraná Rive, with an investment of ARS508.8 billion ($277 million) under the Large Investment Incentive Regime (RIGI). With this project, total investments approved under the RIGI framework amount to ARS45.6 trillion ($24.8 billion).
GlobalData’s Construction in Argentina - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into Argentina’s construction industry, including -
- Argentina’s construction industry's 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 Argentina’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.
This report provides a comprehensive analysis of the construction industry in Argentina. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Argentina, 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 our 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 business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
52 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Argentina, Key Economic Indicators
- Table 3: Argentina, Construction Input Index (2004=100, % Change YoY)
- Table 4: Argentina, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 5: Argentina, Top Commercial Construction Projects by Value
- Table 6: Argentina, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 7: Argentina, Top Industrial Construction Projects by Value
- Table 8: Argentina, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 9: Argentina, Top Infrastructure Construction Projects by Value
- Table 10: Argentina, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 11: Argentina, Top Energy and Utilities Construction Projects by Value
- Table 12: Argentina, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 13: Argentina, Top Institutional Construction Projects by Value
- Table 14: Argentina, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 15: Argentina, Top Residential Construction Projects by Value
- Table 16: Argentina, Key Contractors
- Table 17: Argentina, Key Consultants
- Table 18: Argentina, Construction Output Value (Real, $ Million)
- Table 19: Argentina, Construction Output Value (Nominal, ARS Billion)
- Table 20: GlobalData Construction Market Definitions
- Table 21: Risk Dimensions
- Table 22: Ratings, Scores and Definitions
- List of Figures Figure 1: Latin America, Construction Output (Real % Change), 2023–29
- Figure 2: Argentina, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Argentina, Risk Summary
- Figure 4: Argentina, Risk Regional Comparison
- Figure 5: Argentina, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Argentina, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Argentina, Construction Value-add (ARS Million, 2004 Constant Prices)
- Figure 8: Argentina, Synthetic Indicator of Construction Activity (2004=100)
- Figure 9: Argentina, Total Area Authorized for Building Permits (In thousand m2)
- Figure 10: Argentina, Gross Fixed Capital Formation, in ARS Million
- Figure 11: Argentina, Number of Workers Registered in the Construction Industry
- Figure 12: Argentina, Construction Input Index for Portland Cement (2004=100)
- Figure 13: Argentina, Construction Cost Index in Greater Buenos Aires (2022=100)
- Figure 14: Argentina, Construction Projects Momentum Index
- Figure 15: Latin America, Construction Projects Momentum Index
- Figure 16: Argentina, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 17: Argentina, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Argentina, Total Foreign Tourist Arrivals (In Thousands)
- Figure 19: Argentina, Wholesale and Retail Value-add (ARS Million, 2004 Constant Prices)
- Figure 20: Argentina, Hotels and Restaurants Value-add (ARS Million, 2004 Constant Prices)
- Figure 21: Argentina, Total Retail Sales (ARS Million, December 2016 Constant Prices)
- Figure 22: Argentina, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 23: Argentina, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Argentina, Manufacturing Industry Value-add (ARS Million, 2004 Constant Prices)
- Figure 25: Argentina, Manufacturing Production Index (2004=100)
- Figure 26: Argentina, Total Export Value ($ Million)
- Figure 27: Argentina, Production and Exports of Automobiles and Light Commercial Vehicles (In Units)
- Figure 28: Argentina, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 29: Argentina, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: Argentina, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 31: Argentina, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Argentina, Electricity, Gas, and Water Sector Value-add (ARS Million, 2004 Constant Prices)
- Figure 33: Argentina, Net Electricity Generation (GWh)
- Figure 34: Argentina, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 35: Argentina, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 36: Argentina, Education Value-add (ARS Million, 2004 Constant Prices)
- Figure 37: Argentina, Social and Health Services Value-add (ARS Million, 2004 Constant Prices)
- Figure 38: Argentina, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 39: Argentina, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 40: Argentina, Real Estate, Business, and Rental Activities Value-add (ARS Million, 2004 Constant Prices)
- Figure 41: Argentina, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 42: Argentina, Headquarters of Key Consultants (% of Total Project Pipeline)
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