The construction industry in Argentina is expected to expand by 4.1% in real terms in 2025, testament to President Milie austerity drive that established Argentina’s first annual budget surplus since 2010. As alluded to in previous quarters, scarce public-sector funding abetted construction output contracting by 21.1% in 2024. However, The analyst now expects Argentina’s construction market to invert on its downward trajectory amid cooling interest and inflation rates, ameliorating (international) investor confidence, and ongoing US support to increase Argentina’s access to IMF credit. According to the Central Bank of Argentina, monthly inflation stood at 3.7%, as of March 2025 - markedly lower than the 25.5% recorded in December 2023. Furthermore, annual inflation stood at 55.9% in March 2025, compared to 211.4% in December 2023. Accordingly, freer fiscal conditions have spurred a series of new project announcements: In February 2025, the government of Santa Fe announced that it will be investing ARS400 billion ($217.8 million) for the development of 85 public projects, whose tenders will be launched in the province by the first half of 2025.
Longer-term, the construction industry is expected to register annual average growth of 5.1% between 2026 and 2029, driven by private-sector investments in renewable energy and transport infrastructure projects. The government aims to increase the share of renewable energy in the total energy mix to 57% by 2030, from 37% in 2023. Accordingly, in February 2025, the Ministry of Economy launched a tender for 500MW of battery energy storage system (BESS) to be developed in Buenos Aires, with an execution period of 12 to 18 months. Similarly, in March 2025, Edison Energia - the local energy company - announced an investment of ARS551 billion ($300 million) to developing energy infrastructure by 2030
Longer-term, the construction industry is expected to register annual average growth of 5.1% between 2026 and 2029, driven by private-sector investments in renewable energy and transport infrastructure projects. The government aims to increase the share of renewable energy in the total energy mix to 57% by 2030, from 37% in 2023. Accordingly, in February 2025, the Ministry of Economy launched a tender for 500MW of battery energy storage system (BESS) to be developed in Buenos Aires, with an execution period of 12 to 18 months. Similarly, in March 2025, Edison Energia - the local energy company - announced an investment of ARS551 billion ($300 million) to developing energy infrastructure by 2030
The Construction in Argentina - Key Trends and Opportunities to 2029 (Q2 2025) report provides detailed market analysis, information, and insights into the Argentine construction industry, including:
- The Argentine 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 Argentine 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 Argentina. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Argentina, 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
