Bolivia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Bolivia Construction Market Report Overview

The Bolivia construction market size was $3.3 billion in 2022. The market is expected to grow an AAGR of more than 4% during 2024-2027. The Bolivia construction industry’s output over the forecast period will be supported by investments in the transport, renewable energy, and residential sectors. Investments in the mining sector will also support the growth of the Bolivia construction market.

Bolivia Construction Market Outlook, 2022-2027 ($ Billion)

Bolivia Construction Market Outlook, 2022-2027 ($ Billion)

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The Bolivia construction market research report provides detailed market analysis, information, and analysis of the Bolivia construction industry comprising market growth prospects by project type and construction activity. The report also delivers critical insights into the impact of industry trends and an assessment of key risks and opportunities in the Bolivia construction industry. It also analyses the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the key sectors in the construction market and provides an overview of each sector along with their driving factors.

Market Size (2022) $3.3 billion
AAGR (2024-2027) >4%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction

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Bolivia Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Bolivia construction market in 2022

The key sectors in the Bolivia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the residential construction sector accounted for the highest market share.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The sector’s growth over the forecast period will be supported by public and private investments to build affordable houses in the country, coupled with increasing demand in the housing sector due to rising urbanization and population. A strong pipeline of residential construction projects is further expected to drive the sector’s growth over the forecast period.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector output will be supported by public and private investments in developing a regional transportation network. In the 2023 budget, the government allocated BOB5.8 billion ($839.4 million) for the construction of 478km of roads and renovations of 12,804km of roads, and BOB3.1 billion ($448.6 million) for the modernization of airports.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s growth over the forecast period will be supported by public and private investment in the development of hydrocarbon projects, and gas and energy infrastructure, particularly renewable energy infrastructure.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The sector’s growth over the forecast period will be supported by an improvement in consumer and investor confidence, amid a rebound in tourism activities.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector’s growth will be supported by the government’s aim to turn the nation into the “lithium capital of the world”, by ramping up production and supplying 40% of lithium batteries in the global market by 2030.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth is expected to be supported by investments in healthcare, education, and government administrative building projects.

Bolivia Construction Market Analysis by Sectors, 2022 (%)

Bolivia Construction Market Analysis by Sectors, 2022 (%)

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Bolivia Construction Market – Latest Developments

  • In late July 2023, President Arce reported that construction will soon begin on a highway and high-voltage electric line to accommodate the Direct Lithium Extraction (DLE) plant that will be built by the Chinese consortium CBC in Coipasa.
  • In August 2023, the Brazilian state-run oil company Petrobras expressed its interest in investing in Bolivia’s lithium-rich salt flats.

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Segments Covered in the Report

Bolivia Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

This report provides:

  • A comprehensive analysis of the construction industry in Bolivia.
  • Historical and forecast valuations of the construction industry in Bolivia, featuring details of key growth drivers.
  • Segmentation by sector 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 GlobalData’s 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 strategy using GlobalData’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 Summary
  • 2 Construction Industry: At-a-Glance
  • 3 Latest news and developments
  • 4 Project analytics
  • 5 Construction Market Data
  • 6 Risk Profile
  • 7 Appendix

    • 7.1 Definitions
    • 7.2 CRI Methodology
    • 7.3 About GlobalData

  • 8 Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Bolivia, Top Residential Construction Projects by Value

Table 3: Bolivia, Construction Output Value (Real, $ Million)

Table 4: Bolivia, Construction Output Value (Nominal, BOB Million)

Table 5: GlobalData Construction Market Definitions

Table 6: Risk Dimensions

Table 7: Ratings, Scores and Definitions

Figures

Figure 1: Bolivia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27

Figure 2: Bolivia, Construction Output Value, by Sector (Real, $ Million), 2018-27

Figure 3: Latin America, Construction Output (Real % Change), 2021-27

Figure 4: Bolivia, Construction Output by Sector (Real % Change), 2021-23 and 2024-27

Figure 5: Bolivia, Construction Value Add, in BOB Million, Constant 1990 Prices

Figure 6: Bolivia, Gross Fixed Capital Formation, in BOB Million, at Constant 1990 Prices

Figure 7: Bolivia, Number of Construction Plans Approved, and Floor Area of Construction Plans Approved (In thousand m2)

Figure 8: Bolivia, Manufacturing Value Add (BOB Million, Constant 1990 Prices)

Figure 9: Bolivia, International Visitor Arrivals, In Thousands

Figure 10: Bolivia, Crude Oil and Natural Gas Value Add (BOB Million, Constant 1990 Prices)

Figure 11: Bolivia, Volume Index of Mineral Production (1990=100)

Figure 12: Bolivia, Exports ($ Million)

Figure 13: Bolivia, Electricity Consumption index (1990=100)

Figure 14: Bolivia, Transport and communication services Value Add (BOB Million, Constant 1990 Prices)

Figure 15: Bolivia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Frequently asked questions

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