Chile Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Description
Chile Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)
Summary
GlobalData expects Chile’s construction industry to grow by 2.5% in real terms in 2025, supported by investments in transport infrastructure, mining, and the energy sector. As trade partners accelerate their pursuits of renewable energy targets, persistent global copper demand positions Chile’s industrial construction sector for growth - industrial output is forecasted to be Chile’s fastest growing sector in 2025 at 5.9%. Markedly, copper prices are rising back to Q2 2024 levels, elevating commodity yields for Chilean suppliers and potential to reinvest in mining operations. Furthermore, Mario Marcel - Chile’s Finance Minister - is welcoming CLP12.1 trillion ($13.3 billion) in aggregate spending from BHP - the Australian iron ore mining company - to accelerate domestic copper production, including the expansion of its copper mine at Escondida by 2032.
Chile’s volatile climate, burden with earthquakes and blackouts, and tight (but improving) fiscal constraints, will somewhat headwind growth. Nevertheless, Chile’s construction outlook is complemented by positive macroeconomic trends and resilient domestic demand. According to the Banco Central de Chile, construction value-add grew marginally by 0.5% year-on-year (YoY) in Q3 2024, preceded by a YoY growth of 1.5% in Q2 and a decline of 0.3% in Q1 2024. In the latest budget, the government allocated CLP70.6 trillion ($77.5 billion); an increase of 2% compared to 2024. In the longer term, Chile’s construction industry is expected to grow at an annual average growth rate of 4.6% between 2026-29, supported by investment in energy, transportation, and mining sectors. In January 2025, the Ministry of Public Works announced an investment plan to develop Rapa Nui Island. The plan includes the construction of two new roads, IPA 1 and IPA 2, totalling 41km by March 2026. With a total investment of CLP14 billion ($15.4 million).
GlobalData’s Construction in Chile - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into Chile's construction industry, including -
This report provides a comprehensive analysis of the construction industry in Chile. It provides -
Summary
GlobalData expects Chile’s construction industry to grow by 2.5% in real terms in 2025, supported by investments in transport infrastructure, mining, and the energy sector. As trade partners accelerate their pursuits of renewable energy targets, persistent global copper demand positions Chile’s industrial construction sector for growth - industrial output is forecasted to be Chile’s fastest growing sector in 2025 at 5.9%. Markedly, copper prices are rising back to Q2 2024 levels, elevating commodity yields for Chilean suppliers and potential to reinvest in mining operations. Furthermore, Mario Marcel - Chile’s Finance Minister - is welcoming CLP12.1 trillion ($13.3 billion) in aggregate spending from BHP - the Australian iron ore mining company - to accelerate domestic copper production, including the expansion of its copper mine at Escondida by 2032.
Chile’s volatile climate, burden with earthquakes and blackouts, and tight (but improving) fiscal constraints, will somewhat headwind growth. Nevertheless, Chile’s construction outlook is complemented by positive macroeconomic trends and resilient domestic demand. According to the Banco Central de Chile, construction value-add grew marginally by 0.5% year-on-year (YoY) in Q3 2024, preceded by a YoY growth of 1.5% in Q2 and a decline of 0.3% in Q1 2024. In the latest budget, the government allocated CLP70.6 trillion ($77.5 billion); an increase of 2% compared to 2024. In the longer term, Chile’s construction industry is expected to grow at an annual average growth rate of 4.6% between 2026-29, supported by investment in energy, transportation, and mining sectors. In January 2025, the Ministry of Public Works announced an investment plan to develop Rapa Nui Island. The plan includes the construction of two new roads, IPA 1 and IPA 2, totalling 41km by March 2026. With a total investment of CLP14 billion ($15.4 million).
GlobalData’s Construction in Chile - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information and insights into Chile's construction industry, including -
- Chile’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 Chile’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 Chile. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Chile, 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
48 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
- 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: Chile, Key Economic Indicators
- Table 3: Chile, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Chile, Top Commercial Construction Projects by Value
- Table 5: Chile, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Chile, Top Industrial Construction Projects by Value
- Table 7: Chile, Infrastructure Construction Output by Project Type (Real % Change), 2020–29
- Table 8: Chile, Top Infrastructure Construction Projects by Value
- Table 9: Chile, Energy and Utilities Construction Output by Project Type (Real % Change), 2020–29
- Table 10: Chile, Top Energy and Utilities Construction Projects by Value
- Table 11: Chile, Institutional Construction Output by Project Type (Real % Change), 2020–29
- Table 12: Chile, Top Institutional Construction Projects by Value
- Table 13: Chile, Residential Construction Output by Project Type (Real % Change), 2020–29
- Table 14: Chile, Top Residential Construction Projects by Value
- Table 15: Chile, Key Contractors
- Table 16: Chile, Key Consultants
- Table 17: Chile, Construction Output Value (Real, $ Million)
- Table 18: Chile, Construction Output Value (Nominal, CLP 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: Chile, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Chile, Risk Summary
- Figure 4: Chile, Risk Regional Comparison
- Figure 5: Chile, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Chile, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Chile, Construction Value-add (Constant 2018 Prices, CLP Billion)
- Figure 8: Chile, Gross Fixed Capital Formation, Constant 2018 Prices, % Change YoY
- Figure 9: Chile, Number of Workers in the Construction Industry, In Thousands
- Figure 10: Chile, Total Area of New Building Permits Issued, % Change YoY
- Figure 11: Chile, IMACEC Economic Activity Index (2018=100, % Change YoY)
- Figure 12: Chile, Construction Materials and Supplies Price Index (IPMIC), (2019=100)
- Figure 13: Chile, Construction Projects Momentum Index
- Figure 14: Latin America, Construction Projects Momentum Index
- Figure 15: Chile, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 16: Chile, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Chile, IMACEC Economic Activity Index in the Services Sector, 2018=100
- Figure 18: Chile, IMACEC Economic Activity Index for Wholesale and Retail Trade, 2018=100
- Figure 19: Chile, Foreign Tourist Arrivals (In Thousands)
- Figure 20: Chile, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 21: Chile, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 22: Chile, Mining Production Indices, 2018=100
- Figure 23: Chile, Copper Production, In Thousand Tonnes
- Figure 24: Chile, Exports ($ million)
- Figure 25: Chile, Infrastructure Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 26: Chile, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 27: Chile, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 28: Chile, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Chile, Institutional Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 30: Chile, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Chile, Residential Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 32: Chile, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 33: Chile, Number of Residential Building Permits Issued
- Figure 34: Chile, Hedonic Property Price Index
- Figure 35: Chile, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 36: Chile, Headquarters of Key Consultants (% of Total Project Pipeline)
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