The "Latin America Construction Industry Databook Series - Market Size & Forecast by Value and Volume (area and units), Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

The Latin American construction industry is expected to record steady growth over the medium term. In Mexico, nearshoring is aiding the growth in the industrial construction sector. With global firms seeking to benefit from the country's proximity to the United States, more companies are expected to develop manufacturing facilities in Mexico over the medium term.

Various infrastructure projects have been undertaken in Brazil in 2024, many of which are currently under construction. This includes the US$3 billion metro line No.6 Sao Paulo. New Fortress Energy, the US-based infrastructure firm, has also commenced the construction of a 1.6GW gas-fired plant in April 2024. In Peru, investment in airport infrastructure is expected to gain momentum in 2024.

Nearshoring is aiding the growth of the industrial construction market in Mexico

Several leading global corporations have relocated their manufacturing to Mexico. The relocation move is part of the strategy to benefit from the proximity to the United States. This trend is projected to continue further over the medium term in the Mexican market.

BMW, in March 2024, announced that the firm is set to commence the construction activities of its high-voltage battery production center in May 2024. The German-based firm has announced an investment of €800 million for this project, of which, €500 million has been earmarked for the construction of the new facility. The production center will be built at its plant in San Luis Potosi.

Tesla, which announced to build a facility in Mexico in 2023, is also expected to begin the construction activities in 2024. The Mexican government, notably, has asked the firm to commence construction soon. In Brazil, too, global automakers have begun construction of their industrial plants in 2024. BYD, for instance, commenced construction on its manufacturing complex in Brazil in March 2024. The new facility is expected to be put under operation by the end of 2024 or early 2025. These industrial construction projects are expected to support the growth of the broader construction market across the Latin American region.

Investment in infrastructure construction projects will support market growth in Brazil in 2024

Various infrastructure projects have been undertaken in Brazil in 2024, many of which are currently under construction. This includes the US$3 billion metro line No.6 Sao Paulo. The 15.3-kilometer-long railway project includes 15 stations and will be able to carry approximately 630,000 passengers per day. This project is being termed as the largest infrastructure development currently in Latin America. Several other railway infrastructure projects are also under construction in Brazil. This includes metro line No. 15, line No. 17, line No. 2, and the Fortaleza metro east line.

New Fortress Energy, the US-based infrastructure firm, has also commenced the construction of a 1.6GW gas-fired plant in April 2024. The plant, located next to the Barcarena LNG terminal in Brazil, is set to become operational by August 2026. These infrastructure construction projects will keep providing growth support to the broader construction market in Brazil and Latin America over the medium term.

Investment in transport infrastructure is projected to remain steady in Peru in 2024

Peruvian investments in transportation infrastructure have continued to perform well in 2024, indicating a similar level of activity when compared to 2023. According to a report from the transportation regulator Ositran, investments in projects reached US$232 million in Q1 2024, slightly up from US$230 million compared to the same period of 2023.

Unlike the first quarter of 2023, where the port sector drove investments, the momentum in Q1 2024 came from increased spending on Line No. 2 of the Lima metro and in the airport sector. In Q1 2024 alone, US$84.7 million has been invested in the airport sector, which represents a significant increase from the US$15 million invested during the same period in 2023.

According to Ositran, a substantial portion of these investments, totaling US$49 million, went into the construction of the new Jorge Chavez International Airport in Lima in Q1 2024. This project, which has a budget of US$2 billion, is over 77% complete and is scheduled to be finished by December 2024.

While the road construction sector has not received any major increase in investment, the Pativilca-Salaverry section of road network No. 4, spanning 356 kilometers along the coast of Ancash and La Libertad regions, received US$11.4 million in investments during Q1 2024. This amount is consistent with the spending seen in Q1 2023.

This report provides data and trend analyses on Latin America construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 1,500+ charts and 1,200+ tables. It details market size & forecast, top cities construction data, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

Scope

Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2019 - 2028. KPIs covered include the following:

• Market size by value
• Market size by volume of construction
• Number of units
• Economic Indicators

Top Cities Construction Data

Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Housing type (multi family, single family)
• Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Price point/income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)

Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
• Green building by Price point/income level (luxury, mid-tier, affordable)

Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Other commercial building construction
• Construction stage (new construction, re-development & maintenance)

Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction

Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)

• Manufacturing Plants building construction
• Chemical & Pharmaceutical building construction
• Metal & Material Processing building construction
• Construction stage (new construction, re-development & maintenance)

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare construction
• Educational construction
• Other building construction
• Construction stage (new construction, re-development & maintenance)

Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

• Healthcare green building construction
• Educational green building construction

Infrastructure Construction Sectors: 10- year market size & forecast in value terms by

• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)

Green Infrastructure Construction: 10- year market size & forecast in value terms

Construction Cost Structure Analysis: 10- year market size & forecast in value terms

• Cost Analysis by Type (Material, Labour, Equipment, Others)
• By Material & Work Cost: It provides the cost outlook of material costs by type of materials used in construction (Cement, Steel, Sand, Aggregates, Bricks, Wood, Windows Glazing, Flooring, Plumbing, Electrical, Painting, Other Materials)
• By Labour Cost: It provides the cost outlook of labour costs (RCC Construction Work, Masonry and Plastering Work, Plumbing Work, Water Proofing Work, Carpentry Work, Electrical Work, Tile Fixing Work, CATV Antenna Points, Painting Work, Departmental Labour)
• By Type of Construction (New, Re-Development)
• By Material Cost: It provides the cost outlook of material costs by type of materials used in construction (Concreting Sand, Stone Aggregate, Ordinary Portland Cement, Reinforced Concrete (Grade 30 MPA), Reinforced Concrete (Grade 40 MPA), High Tensile Steel bars, Mild Steel Round Bars, Structural Steelwork, Plywood Formwork (1800*900*12mm), Clay Bricks)
• Type of Labour (Skilled Vs Unskilled)
• Type of Labour (Skilled Vs Unskilled)

For more information about this report visit https://www.researchandmarkets.com/r/3hmfz7

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