The Latin America construction market size reached USD 9.11 Billion in 2024. The market is projected to grow at a CAGR of 4.20% between 2025 and 2034, reaching almost USD 13.75 Billion by 2034.
The escalating rate of urbanisation and the shift towards sustainability have prompted the construction of sky-high buildings in Latin America using eco-friendly materials like wood. This is because wood has excellent hygroscopic and thermal properties, which creates a pleasant experience for inhabitation. This is expected to drive the Latin America construction market expansion over the forecast period.
Increasing collaboration among different stakeholders aimed at developing smart cities is also expected to facilitate the market growth. For instance, in 2023, the government of Guyana entered into an agreement with the University of Miami to develop Silica Smart City near the Guyana International Airport on an 11,000-acre land. It is expected to accommodate nearly 60,000 people and have a city centre as well as a research region known as the Innovation Village inside it. The city aims to integrate biophilic designs and intelligent technologies, including AI into building construction, which will enable people to live smartly.
With the construction of 319 GW of renewable energy power plants over the next 7 years, the Latin America construction market growth is expected to receive a significant boost. Moreover, to enhance resilience towards climate change and natural disasters, Latin American governments are expected to invest $2.2 trillion in the construction and maintenance of important infrastructure projects in key sectors like energy, sanitation, logistics, and housing, among others.
The escalating rate of urbanisation and the shift towards sustainability have prompted the construction of sky-high buildings in Latin America using eco-friendly materials like wood. This is because wood has excellent hygroscopic and thermal properties, which creates a pleasant experience for inhabitation. This is expected to drive the Latin America construction market expansion over the forecast period.
Increasing collaboration among different stakeholders aimed at developing smart cities is also expected to facilitate the market growth. For instance, in 2023, the government of Guyana entered into an agreement with the University of Miami to develop Silica Smart City near the Guyana International Airport on an 11,000-acre land. It is expected to accommodate nearly 60,000 people and have a city centre as well as a research region known as the Innovation Village inside it. The city aims to integrate biophilic designs and intelligent technologies, including AI into building construction, which will enable people to live smartly.
With the construction of 319 GW of renewable energy power plants over the next 7 years, the Latin America construction market growth is expected to receive a significant boost. Moreover, to enhance resilience towards climate change and natural disasters, Latin American governments are expected to invest $2.2 trillion in the construction and maintenance of important infrastructure projects in key sectors like energy, sanitation, logistics, and housing, among others.
Market Segmentation
Latin America Construction Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Construction Type:
- New Constructions
- Renovation
Market Breakup by End Use:
- Commercial
- Residential
- Industrial
- Education and Research
- Medical and Healthcare
- Others
Market Breakup by Region:
- Brazil
- Mexico
- Argentina
- Others
Competitive Landscape
The key market players are:
- Sigdo Koppers S.A.
- MRV&CO
- Grupo Carso, S.A.B de C.V.
- Techint E&C S.A.
- Aenza
- Salfacorp S.A.
- Mota-Engil Group
- Echeverría Izquierdo S.A.
- Amarilo S.A.S.
- Marval S.A.
- CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
- Arquitectura Y Concreto S.A.S
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Construction Market Overview
6 Latin America Construction Market Analysis
7 Latin America Construction Market by Construction Type
8 Latin America Construction Market by End Use
9 Latin America Construction Market by Country
10 Market Dynamics
11 Competitive Landscape
Companies Mentioned
- Sigdo Koppers S.A.
- MRV&CO
- Grupo Carso, S.A.B de C.V.
- Techint E&C S.A.
- Aenza
- Salfacorp S.A.
- Mota-Engil Group
- Echeverría Izquierdo S.A.
- Amarilo S.A.S.
- Marval S.A.
- CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
- Arquitectura Y Concreto S.A.S
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 95 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 9.11 Billion |
| Forecasted Market Value ( USD | $ 13.75 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 12 |
