Latin America Construction Industry – COVID Impact, Trends, and Market Growth Forecast | Market Size by Value and Volume | City Level Insights | Investment Opportunities

Construction activity in Latin America contracted in 2020 due to COVID-19 outbreak resulting in construction companies struggling to revive their operations. The region was the worst affected one in terms of construction output due to strict lockdown. Due to the global coronavirus outbreak and its associated measures, the sector is down from a previously anticipated growth for 2020.

The Economic Ministry of Brazil expects a fall of about 5% in GDP in 2020. However, the outlook remains positive for 2021, as the construction industry and other sectors are expected to grow in the third quarter. Growing urbanization and industrialization trends are expected to support the growth of construction activities in the country. Despite the crisis, rapid recovery is seen in the real estate market, which remains a positive sign for the overall construction sector in Brazil.

With interest rates at the lowest level, the Brazilian Government has launched a new housing program. Under the Casa Verde e Amarela housing program, the Government is planning to serve 1.6 million low-income families with a housing financing scheme by 2024. Despite the near-term challenges, the outlook for the construction industry remains positive in the medium to long term.

The Mexican construction industry also suffered heavy losses due to the coronavirus outbreak in the country. As a result, the sector is expected to contract in 2020. In April 2020, the construction industry fell 38.7% as compared to the same period in 2019. The contraction in the construction sector is also reflected in the economic growth of the country.

According to the Central Bank of Mexico, the GDP of the country is expected to contract to 9.31% in 2020. However, for the next year, the economy is expected to recover from contraction and post modest growth of 3-4%. While most of the economic activities were shut down to contain the spread of the virus, the Mexican government allowed the construction of the key infrastructure projects to continue in the country. Additionally, the government has also announced several new projects that will support the recovery of the sector in 2021.

Increased spending by the Mexican government on key infrastructure projects such as rail, highways, and energy projects will support market growth in 2021. This along with the construction of hotels from the private sector will provide support for the growth of the construction industry in 2021.

Though Argentina’s construction industry witnessed strong contraction in 2020, the industry is likely to recover in 2021. Federal Government is expected to play a greater role in infrastructure projects in the country. The government’s short-term investment plans worth US$310 million include public works on a water treatment plant in Corrientes, Highway 18 in Entre Rios, Route 40 in San Juan, and Provincial Route 8 in Buenos Aires. The water treatment project could present opportunity for U.S. water management consulting services.

Also, ADIF, State-owned rail infrastructure company, plans begin construction of rail bypass around the city of Santa Fe in early 2021. Also, the San Martin Cargo line which links province of Mendoza and the port of Rosari is expected to begin its first stage of modernization. China’s Development Bank, the Industrial and Commercial Bank of China and CMEC (China Machinery Engineering Corporation) will finance these projects.

This report from ConsTrack360 provides data and trend analyses on Latin American construction industry, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 750+ charts and 600+ tables. It details market size & forecast, 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.
This offering from ConsTrack360 is a bundled offering, combining 5 country reports: Argentina, Brazil, Chile, Colombia, Mexico.

Scope
Each country report covers the following:
Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units

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
• 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)

Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• 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

To get detailed insights @ FREE sample Report please click here @ https://www.constrack360.com/reportstore/view/Latin-America-Construction-Industry-Databook-4068

Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of Latin America building and infrastructure construction industry.

• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.

• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.

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With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com

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