The analyst expects Brazil’s construction industry to expand by 2.5% in real terms in 2025, supported by rising investments in industrial, manufacturing, and residential sectors, coupled with improving business confidence. Markedly, US steel and aluminum tariffs of 25% on all Brazilian imports - equivalent to $5.2 billion (2024) - finally come into fruition on March 12th. However, building material prices should be somewhat insulated from inflationary pressure given the majority of contractors source steel and aluminum domestically - from the likes of ArcelorMittal, Usiminas and CSN. Furthermore, US levies could inadvertently nurture FDI into Brazil’s construction market, accelerating an EU-Mercosur deal and ongoing trade negotiations with Canada, Mexico, South Korea and the UAE. Furthermore, despite ubiquitous global economic uncertainty, domestic residential unit sales rose by 20.9% year-on-year (YoY) in 2024, preceded by annual growth of 1% YoY in 2023, according to the Brazilian Chamber of Construction Industry (CBIC) and the National Service for Industrial Training (SENAI). Additionally, the total number of residential units launched in 2024 also increased by 18.6% YoY, following a 3.8% decline in 2023. Similarly, the utilization of operational capacity in the construction industry improved from 66.8% in 2023 to 67.7% 2024, according to the National Industry Confederation (CNI).
Moving forward, Brazil’s construction industry is expected to record average annual growth of 4% from 2026 to 2029, supported by increasing investments in renewable energy projects, coupled with the government's plan to increase the share of renewable energy in the total energy mix from 16% in 2021 to 45% by 2030. In line with this objective, in January 2025, the Brazilian President: Luiz Inácio Lula da Silva, enacted a law to promote offshore wind farm projects across the country, aiming to enhance energy security and attract investment
Moving forward, Brazil’s construction industry is expected to record average annual growth of 4% from 2026 to 2029, supported by increasing investments in renewable energy projects, coupled with the government's plan to increase the share of renewable energy in the total energy mix from 16% in 2021 to 45% by 2030. In line with this objective, in January 2025, the Brazilian President: Luiz Inácio Lula da Silva, enacted a law to promote offshore wind farm projects across the country, aiming to enhance energy security and attract investment
The Construction in Brazil - Key Trends and Opportunities to 2029 (Q1 2025) 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 (2020-2024) and forecast (2025-2029) 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 our 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 business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures