Brazil Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q4 2025)

The construction industry in Brazil is expected to have grown by 2% in real terms in 2025, driven by investment in industrial, residential, and energy sectors. According to the Brazilian Institute of Geography and Statistics (IBGE), the construction value-add grew by 2% year-on-year (YoY) in Q3 2025, preceded by YoY growth of 0.2% in Q2 and 3% in Q1 2025. The country’s gross fixed capital formation (GFCF) rose by 2.3% YoY in Q3 2025, preceded by YoY growths of 4.1% in Q2 and 9% in Q1 2025, according to the IBGE.

Overall, The analyst expects the Brazilian construction industry to record an average annual growth of 3.7% from 2026 to 2029, supported by investments in renewable energy projects, in line 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 and reach net-zero emissions by 2050. In July 2025, the European Investment Bank (EIB) signed a financing agreement with Neoenergia, a Brazilian electricity utility company, to provide a BRL1.8 billion ($327 million) loan to support electricity grid upgrades in Bahia. The funding will be used to expand the power distribution network, create new connections, and invest in automation equipment, contributing to the modernisation of the electricity grid. Through the EIB Global loan, the company aims to improve access to clean and reliable energy, particularly for low-income communities, in Bahia-the country’s fifth-largest state.

The Construction in Brazil - Key Trends and Opportunities to 2029 (Q4 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.

Report 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

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 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 the analyst 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), 2020-29
Table 4: Brazil, Top Commercial Construction Projects by Value
Table 5: Brazil, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Brazil, Top Industrial Construction Projects by Value
Table 7: Brazil, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Brazil, Top Infrastructure Construction Projects by Value
Table 9: Brazil, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Brazil, Top Energy and Utilities Construction Projects by Value
Table 11: Brazil, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Brazil, Top Institutional Construction Projects by Value
Table 13: Brazil, Residential Construction Output by Project Type (Real % Change), 2020-29
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 Billion)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2023-29
Figure 2: Brazil, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Brazil, Risk Summary
Figure 4: Brazil, Risk Regional Comparison
Figure 5: Brazil, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Brazil, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Brazil, Construction Value-add (BRL Billion, Chained at 1995 Prices)
Figure 8: Brazil, Gross Fixed Capital Formation (BRL Billion, Chained at 1995 Prices)
Figure 9: Brazil, Construction Activity Index
Figure 10: Brazil, Business Confidence Index (ICEI)
Figure 11: Brazil, Construction - Operation Capacity Utilization (%)
Figure 12: Brazil, Number of People Employed in the Construction Industry, In Thousands
Figure 13: Brazil, Construction Projects Momentum Index
Figure 14: Latin America, Construction Projects Momentum Index
Figure 15: Brazil, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 16: Brazil, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Brazil, Services Sector Value-add (BRL Billion, Chained at 1995 Prices)
Figure 18: Brazil, Services Volume and Revenue Indices, 2022=100, % Change YoY
Figure 19: Brazil, Number of People Employed in the Accommodation and Food Services Sector, In Thousands
Figure 20: Brazil, Retail sales volume and revenue index (2014=100)
Figure 21: Brazil, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: Brazil, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Brazil, Manufacturing Value-add (BRL Billion, Chained at 1995 Prices)
Figure 24: Brazil, Capacity Utilization in the Manufacturing Sector
Figure 25: Brazil, Total Exports ($ Billion)
Figure 26: Brazil, Number of Vehicles Produced, Registered and Exported
Figure 27: Brazil, Industrial and Manufacturing Production Indices, (2022=100)
Figure 28: Brazil, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 29: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Brazil, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Brazil, Electricity, Gas, and Water Services Value-add (BRL Billion, Chained at 1995 Prices)
Figure 33: Brazil, Electricity Consumed (in GWh)
Figure 34: Brazil, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 35: Brazil, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Brazil, Public Administration and Defense Sector Value-add (BRL Billion, Chained at 1995 Prices)
Figure 37: Brazil, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 38: Brazil, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 39: Brazil, Real Estate Value-add (BRL Billion, Chained at 1995 Prices)
Figure 40: Brazil, Loans for Real Estate Acquisition and Construction (BRL Billion)
Figure 41: Brazil, Residential Real Estate Sale Index (2012=100)
Figure 42: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 43: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Brazil - Key Trends and Opportunities to 2029 (Q4 2025) report provides detailed market analysis, information, and insights into the Brazilian construction industry, including:

Report Scope

This report provides a comprehensive analysis of the construction industry in Brazil. It provides:

Reasons to Buy

Table of Contents

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