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Colombia Construction Market Size, Share, Analysis, Growth: By End Use: Commercial, Residential, Industrial, Education and Research, Medical and Health, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Colombia Construction Market Outlook
The Colombia construction market size is projected to expand at a CAGR of 6.60% between 2024 and 2032.
Key Takeaways
- Innovative technologies like 3D printing, BIM, drones, and augmented reality are transforming how construction projects are planned, designed, and executed, improving precision, productivity, and security in the sector.
- Colombia imported $68.8 million worth of plastic building materials in 2022, ranking as the 43rd largest importer of this product globally.
- The construction sector is increasingly prioritising sustainability. This entails utilising environmentally friendly materials, adopting green building practices, and implementing energy-efficient designs, to reduce the ecological footprint of construction projects.
The Colombia construction market growth can be attributed to increased government investments in development projects, the integration of cutting-edge technology in building construction, and the expansion of the tourism sector. Prominent corporations are making substantial investments in pioneering materials and technologies to facilitate the construction of high-rise buildings within the region.
The Colombian government is making significant investments in infrastructure development, consequently boosting the Colombia construction market share. Over the next couple of years, Colombia intends to award PPPs (public-private partnerships), led by the ANI (National Infrastructure Agency), for constructing social infrastructure. A total of 13 projects, such as high-complexity hospitals, educational facilities, and water and sanitation initiatives, are included in the government's plan.
In recent years, the construction sector has witnessed a significant shift towards sustainability as a response to the growing concern for environmental conservation and the need to mitigate climate change. This shift is evident in various aspects of construction, including the use of eco-friendly materials and the adoption of green building practices. Moreover, the adoption of advanced tools like BIM (Building Information Modelling) is increasingly gaining traction in the construction sector, enabling enhanced collaboration between architects and contractors through digital representations of structures.
Market Segmentation
Colombia Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by End Use
- Commercial
- Residential
- Industrial
- Education and Research
- Medical and Health
- Others
Competitive Landscape
The market participants are focusing on the adoption of sustainable construction practices and the integration of state-of-the-art technologies to gain a competitive edge in the market.
- Amarilo S.A.S.
- Marval S.A.
- CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
- Arquitectura Y Concreto S.A.S
- Constructora Conconcreto S.A.
- Yuma Concesionaria S. A.
- Constructora Ariguaní S.A.S.
- Construcciones El Cóndor S.A.,
- Jaramillo Mora Constructora S.A.
- Prodesa Y Cia. 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 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)
8.4 Latin America Construction Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Construction Market Overview
9.1 Key Industry Highlights
9.2 Colombia Construction Historical Market (2018-2023)
9.3 Colombia Construction Market Forecast (2024-2032)
10 Colombia Construction Market by End Use
10.1 Commercial
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Residential
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Industrial
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Education and Research
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Medical and Health
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Amarilo S.A.S.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Marval S.A.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 CONSTRUCTORA CAPITAL BOGOTÁ S.A.S
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Arquitectura Y Concreto S.A.S
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Constructora Conconcreto S.A.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Yuma Concesionaria S. A.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Constructora Ariguaní S.A.S.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Construcciones El Cóndor S.A.,
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Jaramillo Mora Constructora S.A.
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Prodesa Y Cia. S.A.
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Others
13 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. Colombia Construction Market: Key Industry Highlights, 2018 and 2032
3. Colombia Construction Historical Market: Breakup by End Use (USD Million), 2018-2023
4. Colombia Construction Market Forecast: Breakup by End Use (USD Million), 2024-2032
5. Colombia Construction Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 6.60% between 2024 and 2032.
The growth of the construction market in Colombia is influenced by various factors, including the expansion of the residential sector, favourable government policies, and the increasing public-private partnerships for large-scale construction projects.
The key trends aiding the market expansion include the application of cutting-edge technologies in construction methods and the escalating adoption of environmentally friendly construction materials.
The major end users, according to the market report are commercial, residential, industrial, education and research, and medical and health, among others.
The major players in the market are Amarilo S.A.S., Marval S.A., CONSTRUCTORA CAPITAL BOGOTÁ S.A.S, Arquitectura Y Concreto S.A.S, Constructora Conconcreto S.A., Yuma Concesionaria S. A., Constructora Ariguaní S.A.S., Construcciones El Cóndor S.A., Jaramillo Mora Constructora S.A., and Prodesa Y Cia. S.A., among others.
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