Brazil Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q1 2025)
Summary
GlobalData expects Brazil’s construction industry to expand by 2.5% in real terms in 2025, supported by rising investments in industrial, manufacturing, and residential sectors, coupled with improving business confidence. Markedly, US steel and aluminum tariffs of 25% on all Brazilian imports - equivalent to $5.2 billion (2024) - finally come into fruition on March 12th. However, building material prices should be somewhat insulated from inflationary pressure given the majority of contractors source steel and aluminum domestically - from the likes of ArcelorMittal, Usiminas and CSN. Furthermore, US levies could inadvertently nurture FDI into Brazil’s construction market, accelerating an EU-Mercosur deal and ongoing trade negotiations with Canada, Mexico, South Korea and the UAE. Furthermore, despite ubiquitous global economic uncertainty, domestic residential unit sales rose by 20.9% year-on-year (YoY) in 2024, preceded by annual growth of 1% YoY in 2023, according to the Brazilian Chamber of Construction Industry (CBIC) and the National Service for Industrial Training (SENAI). Additionally, the total number of residential units launched in 2024 also increased by 18.6% YoY, following a 3.8% decline in 2023. Similarly, the utilization of operational capacity in the construction industry improved from 66.8% in 2023 to 67.7% 2024, according to the National Industry Confederation (CNI).
Moving forward, Brazil’s construction industry is expected to record average annual growth of 4% from 2026 to 2029, supported by increasing investments in renewable energy projects, coupled with the government's plan to increase the share of renewable energy in the total energy mix from 16% in 2021 to 45% by 2030. In line with this objective, in January 2025, the Brazilian President: Luiz Inácio Lula da Silva, enacted a law to promote offshore wind farm projects across the country, aiming to enhance energy security and attract investment
GlobalData’s Construction in Brazil - Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the Brazilian construction industry, including -
- The Brazilian 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 the Brazilian 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 Brazil. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Brazil, 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
- 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: Brazil, Key Economic Indicators
- Table 3: Brazil, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Brazil, Top Commercial Construction Projects by Value
- Table 5: Brazil, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Brazil, Top Industrial Construction Projects by Value
- Table 7: Brazil, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Brazil, Top Infrastructure Construction Projects by Value
- Table 9: Brazil, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Brazil, Top Energy and Utilities Construction Projects by Value
- Table 11: Brazil, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Brazil, Top Institutional Construction Projects by Value
- Table 13: Brazil, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Brazil, Top Residential Construction Projects by Value
- Table 15: Brazil, Key Contractors
- Table 16: Brazil, Key Consultants
- Table 17: Brazil, Construction Output Value (Real, $ Million)
- Table 18: Brazil, Construction Output Value (Nominal, BRL Billion)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Latin America, Construction Output (Real % Change), 2023–29
- Figure 2: Brazil, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Brazil, Risk Summary
- Figure 4: Brazil, Risk Regional Comparison
- Figure 5: Brazil, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Brazil, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Brazil, Construction Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 8: Brazil, Gross Fixed Capital Formation (BRL Billion, Chained at 1995 Prices)
- Figure 9: Brazil, Construction Activity Index
- Figure 10: Brazil, Business Confidence Index (ICEI)
- Figure 11: Brazil, Construction – Operation Capacity Utilization (%)
- Figure 12: Brazil, National Construction Cost Index – M (INCC-M), August 94=100
- Figure 13: Brazil, Number of People Employed in the Construction Industry, In Thousands
- Figure 14: Brazil, Construction Projects Momentum Index
- Figure 15: Latin America, Construction Projects Momentum Index
- Figure 16: Brazil, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 17: Brazil, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Brazil, Services Sector Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 19: Brazil, Services Volume and Revenue Indices, 2022=100, % Change YoY
- Figure 20: Brazil, Number of People Employed in the Accommodation and Food Services Sector, In Thousands
- Figure 21: Brazil, Retail sales volume and revenue index (2014=100)
- Figure 22: Brazil, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 23: Brazil, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Brazil, Manufacturing Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 25: Brazil, Capacity Utilization in the Manufacturing Sector
- Figure 26: Brazil, Industrial and Manufacturing Production Indices, (2022=100)
- Figure 27: Brazil, Total Exports ($ Billion)
- Figure 28: Brazil, Number of Vehicles Produced, Registered and Exported
- Figure 29: Brazil, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 30: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Brazil, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 32: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Brazil, Electricity Consumed (in GWh)
- Figure 34: Brazil, Electricity, Gas, and Water Services Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 35: Brazil, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 36: Brazil, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 37: Brazil, Public Administration and Defense Sector Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 38: Brazil, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 39: Brazil, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 40: Brazil, Real Estate Value-add (BRL Billion, Chained at 1995 Prices)
- Figure 41: Brazil, Loans for Real Estate Acquisition and Construction (BRL Billion)
- Figure 42: Brazil, Residential Real Estate Sale Index (2012=100)
- Figure 43: Brazil, Residential units sold (In Thousands)
- Figure 44: Brazil, Residential Units Launched (In Thousands)
- Figure 45: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 46: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)
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