Peru Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Peru Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
Peru’s construction industry is expected to expand by 3.8% in real terms in 2025, supported by private investments in the mining sector, public spending in energy infrastructure, and elevated revenue from copper and gold exports. According to Peru's Ministry of Energy and Mines (MINEM), copper output is expected to rise to 2.8 million metric tons in 2025, compared to 2.7 million tons produced in 2024, albeit still lags comparative to global demand. Furthermore, in July 2025, Dina Boluarte - the President of Peru - announced that the government is evaluating the authorization of 134 new mining exploration and exploitation projects, which are estimated to be worth PEN22.7 billion ($6 billion). Additionally, Peru’s gross fixed capital formation in construction grew by 5% in H1 2025. Construction industry’s value-add grew by 5.2% in H1 2025, according to the INEI. Moreover, growth in construction activity will also be supported by the government’s allocation under it’s 2025 Budget, with a total allocation of PEN251.8 billion ($66.5 billion) for 2025; an increase of 4.5% compared to the 2024 Budget allocation.
Over the remainder of the forecast period, the construction industry is expected to record average annual growth of 3.6% between 2026 and 2029, supported by government spending in educational facilities, infrastructure projects, and renewable energies, among other projects. As part of the National Energy Plan, Peru's Ministry of Energy and Mines (MINEM) is planning to add 2.5GW of solar energy by the end of 2028 in a bid to increase the country’s solar capacity. In May 2025, the state government of Arequipa allocated 160ha land in the port city of Matarani to Verano Energy - a Latin America renewable energy company - for the production of green and blue hydrogen. This initiative is part of the PEN42.4 billion ($11.2 billion) Horizonte de Verano project, clean ammonia project.
GlobalData’s Construction in Peru - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Peru’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Peru. It provides -
Summary
Peru’s construction industry is expected to expand by 3.8% in real terms in 2025, supported by private investments in the mining sector, public spending in energy infrastructure, and elevated revenue from copper and gold exports. According to Peru's Ministry of Energy and Mines (MINEM), copper output is expected to rise to 2.8 million metric tons in 2025, compared to 2.7 million tons produced in 2024, albeit still lags comparative to global demand. Furthermore, in July 2025, Dina Boluarte - the President of Peru - announced that the government is evaluating the authorization of 134 new mining exploration and exploitation projects, which are estimated to be worth PEN22.7 billion ($6 billion). Additionally, Peru’s gross fixed capital formation in construction grew by 5% in H1 2025. Construction industry’s value-add grew by 5.2% in H1 2025, according to the INEI. Moreover, growth in construction activity will also be supported by the government’s allocation under it’s 2025 Budget, with a total allocation of PEN251.8 billion ($66.5 billion) for 2025; an increase of 4.5% compared to the 2024 Budget allocation.
Over the remainder of the forecast period, the construction industry is expected to record average annual growth of 3.6% between 2026 and 2029, supported by government spending in educational facilities, infrastructure projects, and renewable energies, among other projects. As part of the National Energy Plan, Peru's Ministry of Energy and Mines (MINEM) is planning to add 2.5GW of solar energy by the end of 2028 in a bid to increase the country’s solar capacity. In May 2025, the state government of Arequipa allocated 160ha land in the port city of Matarani to Verano Energy - a Latin America renewable energy company - for the production of green and blue hydrogen. This initiative is part of the PEN42.4 billion ($11.2 billion) Horizonte de Verano project, clean ammonia project.
GlobalData’s Construction in Peru - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Peru’s construction industry, including -
- Peru’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 Peru’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 Peru. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Peru, 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
- 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: Peru, Key Economic Indicators
- Table 3: Peru, Commercial Construction Output by Project Type (Real % Change), 2020–29
- Table 4: Peru, Top Commercial Construction Projects by Value
- Table 5: Peru, Industrial Construction Output by Project Type (Real % Change), 2020–29
- Table 6: Peru, Top Industrial Construction Projects by Value
- Table 7: Peru, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
- Table 8: Peru, Top Infrastructure Construction Projects by Value
- Table 9: Peru, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
- Table 10: Peru, Top Energy and Utilities Construction Projects by Value
- Table 11: Peru, Institutional Construction Output by Project Type (Real % Change), 2020-29
- Table 12: Peru, Top Institutional Construction Projects by Value
- Table 13: Peru, Residential Construction Output by Project Type (Real % Change), 2020-29
- Table 14: Peru, Top Residential Construction Projects by Value
- Table 15: Peru, Key Contractors
- Table 16: Peru, Key Consultants
- Table 17: Peru, Construction Output Value (Real, $ Million)
- Table 18: Peru, Construction Output Value (Nominal, PEN Million)
- 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: Peru, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 3: Peru, Risk Summary
- Figure 4: Peru, Risk Regional Comparison
- Figure 5: Peru, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 6: Peru, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 7: Peru, Construction Value-add (PEN Million, 2007 Constant Prices)
- Figure 8: Peru, Gross Fixed Capital Formation in Construction (PEN Million, 2007 Constant Prices)
- Figure 9: Peru, Construction Materials Price Index (2013=100)
- Figure 10: Peru, Monthly Unemployment in Metropolitan Lima (Three-Month Moving Average)
- Figure 11: Peru, Business Situation Index
- Figure 12: Peru, Domestic Cement Consumption (12-month Change %)
- Figure 13: Peru, Construction Projects Momentum Index
- Figure 14: Latin America, Construction Projects Momentum Index
- Figure 15: Peru, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 16: Peru, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Peru, Accommodation and Restaurants Services Value-add (PEN Million, 2007 Constant Prices)
- Figure 18: Peru, Total International Tourist Arrivals
- Figure 19: Peru, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
- Figure 20: Peru, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 21: Peru, Manufacturing Value-add (PEN Million, 2007 Constant Prices)
- Figure 22: Peru, Total Export Value ($ Million)
- Figure 23: Peru, Extraction of Oil, Gas, Minerals, and Related Services Value-add (PEN Million, 2007 Constant Prices)
- Figure 24: Peru, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 25: Peru, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Peru, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 27: Peru, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 28: Peru, Electricity, Gas, and Water Services Value-add (PEN Million, 2007 Constant Prices)
- Figure 29: Peru, Telecommunication and Other Information Services Value-add (PEN Million, 2007 Constant Prices)
- Figure 30: Peru, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 31: Peru, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Peru, Public Administration and Defense Sector Value-add (PEN Million, 2007 Constant Prices)
- Figure 33: Peru, Residential Construction Output by Project Type (Real, $ Million), 2020-29
- Figure 34: Peru, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: Peru, Hedonic Property Price Index
- Figure 36: Peru, Apartment Sales Price Indicator (Prices per square meter of apartments in PEN)
- Figure 37: Peru, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 38: Peru, Headquarters of Key Consultants (% of Total Project Pipeline)
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.