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Brazil Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 56 Pages
  • June 2022
  • Region: Brazil
  • GlobalData
  • ID: 5591382
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Brazil Construction Market was Valued at $75.6 Billion in 2021
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The construction industry in Brazil registered an annual growth of 9.7% in real terms in 2021, following a decline of 6.3% in 2020. The industry’s output in 2021 was supported by a favorable base, coupled with investments in housing, renewable energy and transport infrastructure projects. The Brazilian Government delivered 108 infrastructure projects and had provided BRL5.5 billion ($1 billion) to modernize all modes of transport infrastructure in 2021. Additionally, the government had also contracted 39 transport infrastructure assets in 2021, thereby guaranteeing an investment of BRL37.6 billion ($7.1 billion) in the coming years.

The industry is expected to expand by 2.6% in 2022, with growth in the industry anticipated to decelerate this year, owing to surging inflation and a rise in construction material prices. According to the Brazilian Economic Institute of the Getúlio Vargas Foundation (FGV/IBRE), the National Construction Cost Index - M (INCC-M) rose 0.95% month on month (MoM) in April 2022, driven by M-o-M growths in the prices of both material and equipment (1.79%) and labor (0.21%). Moreover, to control the surging inflation, the Central Bank of Brazil (BCB) raised the benchmark interest rate to 12.75% in May 2022 - up from a historic low of just 2% in March 2021. Rapid monetary policy tightening is expected to drive up the cost of businesses, thereby hurting investment decisions in the short term.

The publisher expects the Brazilian construction industry to register an annual average growth of 2.6% from 2023 to 2026, supported by investments in the transport, electricity, housing and telecommunications sectors. As part of the Pro Trilhos railway program, the State Government of Minas Gerais signed protocols of intent with two companies in April 2022. The companies will now invest BRL38.6 billion ($7.2 billion) on constructing four railway links that connect the states of Minas Gerais and Espírito Santo. Of the total, BRL29 billion ($5.4 billion) will be invested in the state of Minas Gerais alone. In another positive development, in April 2022, the government launched the Construa Brasil project to reduce bureaucracy in the civil construction industry. The project focuses on improving the business environment in the industry and removing current barriers. It has nine goals and 31 sub-goals, including initiatives to converge Construction and Building Codes (COE) and to improve the construction permit granting process, among others

The report provides detailed market analysis, information and insights into the Brazilian construction industry, including:
  • The Brazilian 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 the Brazilian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope


This report provides a comprehensive analysis of the construction industry in Brazil. It provides:
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Brazil, 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 the publisher'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 the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
  • Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: Brazil, Key Economic Indicators
Table 3: Brazil, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: Brazil, Top Commercial Construction Projects by Value
Table 5: Brazil, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: Brazil, Top Industrial Construction Projects by Value
Table 7: Brazil, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: Brazil, Top Infrastructure Construction Projects by Value
Table 9: Brazil, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: Brazil, Top Energy and Utilities Construction Projects by Value
Table 11: Brazil, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: Brazil, Top Institutional Construction Projects by Value
Table 13: Brazil, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: Brazil, Top Residential Construction Projects by Value
Table 15: Brazil, Key Contractors
Table 16: Brazil, Key Consultants
Table 17: Brazil, Construction Output Value (Real, $ Million)
Table 18: Brazil, Construction Output Value (Nominal, BRL Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Latin America, Construction Output (Real % Change), 2020-26
Figure 2: Brazil, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: Brazil, COVID-19 Confirmed Cases
Figure 4: Brazil, Risk Summary
Figure 5: Brazil, Risk Regional Comparison
Figure 6: Brazil, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: Brazil, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: Brazil, Construction Value Add (BRL Billion, Chained at 1995 Prices)
Figure 9: Brazil, Number of People Employed in the Construction Industry, In Thousands
Figure 10: Brazil, Gross Fixed Capital Formation (BRL Billion, Chained at 1995 Prices)
Figure 11: Brazil, Construction Activity Index
Figure 12: Brazil, Business Confidence Index (ICEI)
Figure 13: Brazil, Construction - Operation Capacity Utilization (%)
Figure 14: Brazil, Construction Projects Momentum Index
Figure 15: Region, Construction Projects Momentum Index
Figure 16: Brazil, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 17: Brazil, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Brazil, Services Sector Value Add (BRL Billion, Chained at 1995 Prices)
Figure 19: Brazil, Services Volume and Revenue Indices, 2014=100, % Change YoY
Figure 20: Brazil, Number of People Employed in The Accommodation and Food Services Sector, In Thousands
Figure 21: Brazil, Total Retail Sales Volume and Revenue Indices (2014=100), % Change YoY
Figure 22: Brazil, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 23: Brazil, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Brazil, Manufacturing Value Add (BRL Billion, Chained at 1995 Prices)
Figure 25: Brazil, Capacity Utilization in the Manufacturing Sector
Figure 26: Brazil, Industrial, Manufacturing and Mining Production Indices, (2012=100) % Change YoY
Figure 27: Brazil, Total Exports ($ Billion)
Figure 28: Brazil, Number of Vehicles Produced, Registered and Exported
Figure 29: Brazil, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 30: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Brazil, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 32: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Brazil, Electricity and Gas, Water, Sewage, Waste Management Activities Value Add (BRL Million, Chained at 1995 Prices)
Figure 34: Brazil, Electricity Consumed (in GWh)
Figure 35: Brazil, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 36: Brazil, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Brazil, Value Add of Public Administration, Health and Education and Social Security (BRL Billion, Chained at 1995 Prices)
Figure 38: Brazil, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 39: Brazil, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 40: Brazil, Real Estate Value Add (BRL Billion, Chained at 1995 Prices)
Figure 41: Brazil, Loans for Real Estate Acquisition and Construction (BRL Billion)
Figure 42: Brazil, Residential Real Estate Sale Index, 2012=100
Figure 43: Brazil, Residential Units Sold (In Thousands)
Figure 44: Brazil, Residential Units Launched (In Thousands)
Figure 45: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)