Report cover image

Uruguay Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)

Publisher GlobalData
Published Jun 28, 2024
SKU # GBDT19139270

Description

Uruguay Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)

Summary

GlobalData’s Construction in Uruguay - Country Briefing (H1 2024) report provides detailed market analysis, information, and insights into Uruguay’s construction industry, including -
  • Uruguay’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 Uruguay’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.
Following a decline of 5.6% in real terms in 2023, GlobalData expects Uruguay’s construction industry to expand by 2.1% in 2024, supported by investment in water and transportation infrastructure projects, coupled with increased tourism industry activity. According to Uruguay XXI - the agency responsible for the promotion of exports and investments domestically - 185 housing projects received approval in 2023, encompassing the development of approximately 4,700 housing units, in line with Law No. 18,795; a law that aims to enhance access to social housing for low-income families. Meanwhile, tourism revenue grew by 27.1% YoY in 2023, reaching UYU68.5 billion ($1.7 billion), with 3.8 million tourists arriving in 2023.

Over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 3.7%, in real terms, between 2025 and 2028, supported by investments in tourism and hydrogen industries, coupled with public investment in transport and water infrastructure projects. In February 2024, CAF-AM - Uruguay-based asset management company - approved a debt fund worth UYU12.1 billion ($300 million), to fund the Arazatí project among other associated water infrastructure developments domestically. Furthermore, the Ministry of Transport and Public Works is investing UYU10.5 billion ($260 million) towards the improvement of national transportation infrastructure. Moreover, another UYU20.2 billion ($500 million) is being invested by government to develop a sanitation projects, including the construction of 54 new water treatment plants, and improvements on 40 existing water treatment plans by close of 2028. Growth will also be supported by Uruguay’s ‘’2040 green hydrogen roadmap ‘’, announced in November of 2023, to reach a green hydrogen and derivates industry turnover of UYU76.6 billion (1.9 billion) by 2040. Furthermore, the government signed an agreement with HIF - US-based electrofuel company - in February of 2024, which is worth UYU241.8 billion ($6 billion), plans to generate 3,000 jobs, and involves the construction of a green hydrogen plant in Paysandú.

Scope

This report provides a comprehensive analysis of the construction industry in Uruguay. It provides -
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Uruguay, 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
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's 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 strategy 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

1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Uruguay, Top Construction Projects by Value
Table 3: Uruguay, Construction Output Value (Real, $ Million)
Table 4: Uruguay, Construction Output Value (Nominal, UYU Million)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Uruguay, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 2: Uruguay, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 3: Latin America, Construction Output (Real % Change), 2022-28
Figure 4: Uruguay, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 5: Uruguay, Construction Value Add, Constant 2016 Prices, (UYU Million)
Figure 6: Uruguay, Housing Construction Cost Index, Base June 2023 = 100
Figure 7: Uruguay, Export Price Index, (average base 2005=100)
Figure 8: Uruguay, Electric Power, Gas and Water Value Add, Constant 2016 Prices, (UYU Million)
Figure 9: Uruguay, Commerce, Accommodation and Supply of Food and Beverages Value Add, Constant 2016 Prices (UYU Million)
Figure 10: Uruguay, Public Administration Activities Value Add, Constant 2016 Prices (UYU Million)
Figure 11: Uruguay, Health, Education, Real Estate Activities Value Add, Constant 2016 Prices (UYU Million)
Figure 12: Uruguay, Manufacturing Industry’s Physical Volume Index (2018=100)
Figure 13: Uruguay, Construction Projects Pipeline, Value by Stage ($ Million)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

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.
Chat Now
Contact Us