Industry: Construction & Manufacturing | Publish Date: 09-Jun-2025 | No of Pages: 122 | No. of Tables: 140 | No. of Figures: 89 | Format: PDF | Report Code : CM2225
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The Latin America Construction Market size was valued at USD 464.50 billion in 2024, and is projected to grow to USD 491.83 billion by 2025. Additionally, the industry is expected to continue its growth trajectory, reaching USD 514.29 billion by 2030, with a CAGR of 0.9% from 2025 to 2030.
The Latin America construction market encompassing both real estate and infrastructure, is driving significant economic development through a diverse range of projects, from residential to large-scale infrastructure initiatives.
Effective collaboration among stakeholders such as architects, contractors, government bodies, and private investors plays a key role in this growth, as seen in major projects like Brazil's Porto Maravilha urban redevelopment. The sector is also advancing with a focus on sustainability, adopting eco-friendly practices and materials, as demonstrated by Chile’s Santiago Metro Line 7 project.
Despite these positive trends, the market faces challenges due to complex regulatory frameworks and lengthy permitting processes that can delay projects and increase costs. However, the ongoing digital transformation, particularly with the adoption of Building Information Modeling (BIM), AI, and IoT technologies, presents significant opportunities to improve project efficiency, collaboration, and resource management, further contributing to market expansion.
The Latin America construction market covering both real estate and infrastructure, plays a vital role in the region’s economic development by managing the entire lifecycle of various physical structures, including buildings and facilities. This sector encompasses a wide range of projects, such as residential, commercial, industrial developments, and civil and institutional infrastructure initiatives.
A notable example is Brazil’s USD 2.5 billion Porto Maravilha urban redevelopment project in Rio de Janeiro, which progressed in 2024 through public-private partnerships (PPPs). The project aims to revitalize the port area with new residential towers, commercial centers, and cultural venues.
Effective collaboration among diverse stakeholders’ architects, engineers, contractors, suppliers, developers, investors, and government bodies, including the Brazilian Development Bank (BNDES) has been crucial. In 2024, 70% of the project’s funding came from private investors. This wide-ranging project scope and strong stakeholder engagement, supported by the National Confederation of Industry (CNI), are significantly contributing to the growth of Brazil’s construction sector.
The construction market in Latin America is also advancing due to a growing emphasis on sustainability and favorable economic conditions. The region is seeing increased adoption of eco-friendly construction practices, such as the use of green building materials and energy-efficient design strategies.
In Chile, the USD 1.2 billion Santiago Metro Line 7 project currently under construction in 2024 and scheduled for completion by 2028 embodies these principles through the use of low-carbon concrete and energy-efficient train systems. This aligns with Chile’s national goal of reaching 70% renewable energy by 2030. Additionally, economic factors like rising per capita income and accessible financing options are supporting market growth.
The Inter-American Development Bank (IDB), for instance, provided USD 300 million in 2024 to support sustainable infrastructure projects. These sustainability-focused initiatives and financial enablers are driving continued expansion of the Latin America construction market trends across the region.
Navigating regulatory complexities presents a significant challenge in the construction market. Infrastructure projects often face hurdles due to the intricate network of government regulations and permitting procedures.
Infrastructure initiatives require numerous permits and approvals from governmental bodies at local, regional, and national levels. These mandates include adherence to zoning regulations, environmental assessments, compliance with building codes, safety standards, and various other regulatory requirements.
Lengthy permit acquisition processes, bureaucratic inefficiencies, and regulatory disparities among different jurisdictions can significantly prolong project timelines and inflate costs. Moreover, fluctuations in regulations or unexpected policy changes can disrupt ongoing projects and deter potential investments in infrastructure market.
The Latin America construction market share is experiencing a profound digital transformation, largely fueled by the growing adoption of Building Information Modeling (BIM), which is creating new growth opportunities.
Building Information Modeling (BIM) enhances digital design, simulation, and infrastructure management, boosting accuracy, collaboration, and resource efficiency. In line with this trend, ALLPLAN introduced Allplan 2024-1 in April 2024, aimed at improving BIM functionalities and optimizing cloud-based workflows, highlighting the sector's transition toward fully digital project delivery.
Additionally, the integration of AI, IoT, and cloud technologies is enabling more effective real-time collaboration, predictive maintenance, and streamlined facility management.
The key players operating in the Latin America construction industry include Camargo Correa Construction Company, Techint Engineering & Construction, Sudamericana Construction Company SA, Criba Construcciones, SalfaCorp SA, Besalco, Odebrecht, Sigdo Koppers S.A., Constructora MECO S.A., Echeverria Izquierdo, OECI, IDEAL, S.A.B. de C.V., Cyrela Urbanismo, Andrade Gutierrez, and others.
Renovation
New Construction
Traditional Construction
Prefabricated/Modular Construction
3D-Printed Construction
Green/Sustainable Construction
Large Contractor
Medium Contractor
Small Contractor
Real Estate
Residential
Affordable
Luxury
Commercial
Retail Buildings
Office Buildings
Hospitality
Healthcare Facilities
Educational Institutes
Entertainment Ventures
Infrastructure
Transportation
Airport
Port
Rail
Road
Water and Wastewater
Energy
Telecommunication
Industrial
Manufacturing Plant
Warehouses
Power Plants
Oil Refineries
Chemical Plants
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Other Countries
Camargo Correa Construction Company
Techint Engineering & Construction
Sudamericana Construction Company SA
Criba Construcciones
SalfaCorp SA
Besalco
Odebrecht
Sigdo Koppers S.A.
Constructora MECO S.A.
Echeverria Izquierdo
OECI
IDEAL, S.A.B. de C.V.
Cyrela Urbanismo
Andrade Gutierrez
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2024 |
USD 464.50 Billion |
Revenue Forecast in 2030 |
USD 514.29 Billion |
Growth Rate |
CAGR of 0.9% from 2025 to 2030 |
Analysis Period |
2024–2030 |
Base Year Considered |
2024 |
Forecast Period |
2025–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |