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.
Base Year
Historical Period
Forecast Period
Inadequate housing is a major challenge in Latin America, which houses nearly 624 million people.
Brazil received $1.7 billion worth of loans from NDB for the construction of green infrastructure projects across the country.
The government of Paraguay announced an investment of $5.5 billion to improve regional connectivity and social infrastructure in the region.
Compound Annual Growth Rate
4.2%
Value in USD Billion
2025-2034
Latin America Construction Market Outlook
*this image is indicative*
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.
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:
Market Breakup by End Use:
Market Breakup by Region:
The key market players are:
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The market was valued at nearly USD 9.11 Billion in 2024.
The market is projected to grow at a CAGR of 4.20% between 2025 and 2034.
The market is assesses to witness a healthy growth in the forecast period to reach around USD 13.75 Billion in 2034.
The different construction types in the market include new constructions and renovation.
The major end uses of construction include commercial, residential, industrial, education and research, and medical and healthcare, among others.
The major countries in the market are Brazil, Mexico, and Argentina, among others.
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, and Arquitectura Y Concreto S.A.S, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Construction Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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