Bolivia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028

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Published: February 26, 2024 Report Code: GDCN1326MR-ST

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Bolivia Construction Market Report Overview

The Bolivia construction market size was $3.5 billion in 2023. The market will grow at an AAGR of more than 4% during 2025-2028. Public and private sector investments in the energy, transport, and residential sectors will support the growth of the market in real terms in 2024. Investments in the mining sector will also drive the Bolivia construction market.

Bolivia Construction Market Outlook, 2023-2028 ($ Billion)

Bolivia Construction Market Outlook, 2023-2028 ($ Billion)
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The Bolivia construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Bolivia construction market growth in the coming years.

Market Size (2023) $3.5 billion
AAGR (2025-2028) >4%
Forecast Period 2023-2028
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

The residential construction sector accounted for the highest market share in the Bolivia construction market in 2023

The key sectors in the Bolivia construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

Commercial construction: An improvement in tourism activity and consumer confidence will drive the commercial sector’s growth over the forecast period. Moreover, investment in sports facilities, leisure, and hospitality will aid the Bolivian commercial construction sector. The government’s plan to promote several tourist destinations in the country through the construction of hotels and tourist destinations by 2025 will further support the sector’s output over the forecast period.

Industrial construction: Investment in the manufacturing sector coupled with the government’s aim to turn the nation into the “lithium capital of the world” will drive the industrial sector’s growth during the forecast period.

Infrastructure construction: Public- and private-sector investment in road, rail, port, and airport projects, in line with the government’s focus on developing transport infrastructure will support the infrastructure sector’s output during the forecast period.

Energy and utilities construction: The government’s focus on providing electricity access countrywide with the extension of transmission lines will drive the sector growth during 2025-2028. The execution of renewable energy projects and the development of hydroelectric generation plants will aid the Bolivian energy construction sector as well.

Institutional construction: Public and private investment in the healthcare and education sector will fuel the growth of the institutional construction sector during 2025-2028. The other key factor driving the market growth is investments in institutional buildings.

Residential construction: As of 2024, the key factors driving the sector growth are rise in the total floor area approved for construction and an improvement in investor confidence. Public and private investment in affordable housing as well as increasing demand in the housing sector due to rising urbanization and population growth will drive the residential sector growth during the forecast period. Moreover, a pipeline of residential construction projects will support the sector as well.

Bolivia Construction Market Analysis by Sectors, 2023 (%)

Bolivia Construction Market Analysis by Sectors, 2023 (%)Buy the Full Report for more Sector Insights into the Bolivia Construction Market

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Bolivia Construction Market - Latest Developments

  • In December 2023, the Bolivian government signed a deal with Uranium One Group. Under this agreement, a lithium plant will be constructed in Uyuni, Potosí for direct lithium extraction. This lithium will be used in the production of lithium batteries and electric vehicle components.

Segments Covered in the Report

Bolivia Construction Sectors Outlook (Value, $ Billion, 2018-2028)

  • 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 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, 2022 Prices and Exchange Rate), 2019–28

Figure 2: Bolivia, Construction Output Value, by Sector (Real, $ Million), 2019–28

Figure 3: Latin America, Construction Output (Real % Change), 2022–28

Figure 4: Bolivia, Construction Output by Sector (Real % Change), 2022–24 and 2025–28

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

Figure 6: Bolivia, Gross Fixed Capital Formation (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, Exports ($ Million)

Figure 12: Bolivia, Electricity Consumption Index (1990=100)

Figure 13: Bolivia, Transport and Communication Services Value Add (BOB Million, Constant 1990 Prices)

Figure 14: Bolivia, Construction Projects Pipeline, Value by Stage ($ Million)

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