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Chile Construction Market Size, Share, Analysis, Report: By Construction Type: New Construction, Renovations; By End Use: Commercial, Residential, Industrial, Institutional; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Chile Construction Market Outlook
The Chile construction market size reached approximately USD 32.1 billion in 2023. The market is projected to grow at a CAGR of 5% between 2024 and 2032, reaching a value of around USD 49.8 billion by 2032.
Key Takeaways
- The Chilean government unveiled an ambitious plan worth USD 34 billion aimed at enhancing infrastructure projects through 2021.
- The government is actively promoting the development of smart cities, integrating management technologies as well as the services for citizens and businesses.
- In 2020, the government of Chile introduced the Infrastructure Plan for Mobility 2050, intending to modernise and enhance the 1997 National Plan, which will promote public infrastructure development over the next 30 years.
Chile’s construction sector is experiencing a significant uptick, primarily driven by economic expansion, rapid urbanisation, and advancements in construction technology. The surge in demand for housing units is fuelled by increasing disposable incomes of the growing population. As a result, there has been a notable rise in investments in construction projects, including new residential structures, property renovations, and the expansion of commercial spaces.
The Chile construction market growth is also influenced by a significant influx of investors due to a rise in adoption of sustainable construction practices. There is a growing emphasis on acquiring green building certifications like LEED (Leadership in Energy and Environmental Design), which promote sustainable construction methods aligned with Chile's sustainability objectives. These certifications prioritise energy efficiency, water conservation, and the utilisation of environmentally responsible materials.
Furthermore, the utilisation of advanced technologies, including Building Information Modelling, 3D printing, and robotics, in the construction sector is having a positive impact on the prospects of the market. The implementation of 3D modelling software facilitates collaboration throughout the design, construction, and development of building structures, resulting in enhanced efficiency, reduced errors, and increased profitability. Furthermore, the growing utilisation of robotics in construction tasks such as masonry, welding, and painting enhances both safety and productivity. These robots are specifically designed to operate with exceptional precision and accuracy, thereby improving the overall quality of work and minimising errors and rework, consequently driving up the Chile construction market share.
Market Segmentation
Chile Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Construction Type
- New Construction
- Renovations
Market Breakup by End Use
- Commercial
- Residential
- Industrial
- Institutional
Competitive Landscape
The market participants are adopting sustainable building practices and integrating intelligent technological approaches into the construction process to attain a competitive advantage.
- Sigdo Koppers S.A.
- SalfaCorp S.A.
- Besalco SA
- Echeverría Izquierdo S.A
- SOCOVESA
- Inarco SA
- Grupo Flesan
- Acciona SA
- Fomento de Construcciones y Contratas SA
- Moller & Pérez-Cotapos S.A.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Construction Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Construction Market Overview
8.1 Key Industry Highlights
8.2 Latin America Construction Historical Market (2018-2023)
8.3 Latin America Construction Market Forecast (2024-2032)
9 Chile Construction Market Overview
9.1 Key Industry Highlights
9.2 Chile Construction Historical Market (2018-2023)
9.3 Chile Construction Market Forecast (2024-2032)
10 Chile Construction Market by Construction Type
10.1 New Construction
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Renovations
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Chile Construction Market by End Use
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Institutional
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Sigdo Koppers S.A.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 SalfaCorp S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Besalco SA
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Echeverría Izquierdo S.A
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 SOCOVESA
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Inarco SA
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Grupo Flesan
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Acciona SA
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Fomento de Construcciones y Contratas SA
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Moller & Pérez-Cotapos S.A.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Construction Market: Key Industry Highlights, 2018 and 2032
2. Chile Construction Market: Key Industry Highlights, 2018 and 2032
3. Chile Construction Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
4. Chile Construction Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
5. Chile Construction Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Chile Construction Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Chile Construction Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 32.1 billion.
The market is estimated to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 49.8 billion by 2032.
The construction market in Chile is greatly influenced by rapid urbanisation, advancements in technology within the construction sector, and the increasing residential construction.
Sustainable building practices are increasingly being adopted, while government initiatives to promote infrastructure development are also on the rise.
The major construction types according to the market report are new construction and renovations.
The major end uses of the market are commercial, residential, industrial, and institutional.
The major players in the market are Sigdo Koppers S.A., SalfaCorp S.A., Besalco SA, Echeverría Izquierdo S.A, SOCOVESA, Inarco SA, Grupo Flesan, Acciona SA, Fomento de Construcciones y Contratas SA, and Moller & Pérez-Cotapos S.A., among others.
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