Latin America Construction Market

Plastic Optic Fiber Market Report Thumbnail

Latin America Construction Market by Type (Renovation, and New Construction), by Construction Method (Traditional, Prefabricated/Modular, 3D-Printed, and Green/Sustainable), by Contractor Type (Large Contractor, Medium Contractor, and Small Contractor), and Sector (Real Estate, Commercial, Infrastructure, Industrial) – Industry Trends and Forecast, 2025–2030

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

  • Facebook
  • Twitter
  • Linkedin
  • Whatsapp

US Tariff Impact on Latin America Construction Market

Trump Tariffs Are Reshaping Global Business

Request US Tariff Impact Analysis Now

Latin America Construction Industry Overview

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.

Diverse Project Scope and Stakeholder Collaboration Boosts the Latin America Construction Market Growth

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.

Revenues ($ Billion USD)0100200300400500600Source : Next Move Strategy Consulting2024202520262027202820292030Latin America Construction Market Revenue, 2024-2030 (Billion USD)

Sustainability and Economic Factors Propels the Latin America Construction Market Demand

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.

 

Regulatory Complexities Hindering the Latin America Construction Market Expansion

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.

Integration of Digitalization and BIM Presents Lucrative Opportunity for the Market Expansion

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.

 

Competitive Landscape  

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.

Latin America Construction Market Key Segments

By Type 

  • Renovation

  • New Construction

By Construction Method

  • Traditional Construction    

  • Prefabricated/Modular Construction    

  • 3D-Printed Construction    

  • Green/Sustainable Construction

By Type of Contractor        

  • Large Contractor

  • Medium Contractor    

  • Small Contractor        

By Sector

  • 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

By Country

  • Brazil

  • Mexico

  • Argentina

  • Colombia

  • Chile

  • Peru

  • Other Countries

Key Players

  • 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

  • Diverse Project Scope and Stakeholder Collaboration Boosts the Latin America Construction Market Growth
  • Sustainability and Economic Factors Propels the Latin America Construction Market Demand

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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The industry is increasingly investing in automation and workforce training to mitigate the impact of labor shortages on project timelines.

According to Next Move Strategy Consulting, the size of the Latin America infrastructure market was estimated at USD 464.50 billion in 2024.

There's a growing emphasis on sustainable building practices, including the use of eco-friendly materials and energy-efficient designs, to align with environmental goals.

Evolving regulations are influencing project planning and execution, requiring companies to adapt to new compliance standards.

According to Next Move Strategy Consulting, the size of the Latin America construction market is estimated to be at USD 514.29 billion in 2030.
$3,975
$2,975
$5,275
$1,975

This website uses cookies to ensure you get the best experience on our website. Learn more