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

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Brazil Construction Market Report Overview

The Brazil construction market size was $120.5 billion in 2022. The market is projected to attain an AAGR of more than 2% during 2024-2027. Investments in industrial, transport, renewable energy, housing, and oil sectors will aid the industry’s growth over the forecast period.

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

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

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The Brazil 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 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 France construction market growth in the coming years.

Market Size (2022) $120.5 billion
AAGR (2024-2027) >2%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction

Key Contractors ·        MODEC Inc.

·        Marubeni Corp

·        Dalian Shipbuilding Industry Corporation

·        Siemens AG

·        Mitsubishi Corp

Key Consultants ·        Sofec Inc

·        Aker Solutions ASA

·        Rapid Offshore & Marine Pte, Ltd.

·        The Techint Group

·        Electricite de France SA

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Brazil Construction Market Segmentation by Sectors

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

The key sectors in the Brazil construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
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 factors driving the commercial sector’s growth over the forecast period include investments in football stadiums, office, and data center projects.

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. Brazil’s target of manufacturing a total of 1 million hybrid (HEV) and battery (BEV) electric vehicles by 2030 will support 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. Public and private sector investments in infrastructure projects will improve regional connectivity and contribute to the sector’s output in the forecast period.

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 growth is attributed to the government’s focus on the development of energy infrastructure, with special attention to the renewable energy infrastructure.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in the health and education sectors will boost the institutional construction sector’s growth during the forecast period.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s initiatives to reduce the country’s housing deficit and guarantee the right to affordable housing to its citizens will support the residential construction sector’s growth in the coming years. Furthermore, in February 2023, the Brazilian government resumed the “Minha Casa Minha Vida” program, which is one of the largest housing programs in the world. As a part of this program, in  November 2023, a Brazilian real estate company, MRV Engenharia e Participacoes S.A., announced that it will construct Cidade Sete Sois Pirituba residential complex by 2026.

Brazil Construction Market Analysis by Sectors, 2022 (%)

Brazil Construction Market Analysis by Sectors, 2022 (%)

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Brazil Construction Market - Competitive Landscape

MODEC Inc. emerged as the leading contractor and Sofec Inc as the leading consultant in the Brazil construction market in 2022

A few of the leading contractors in the Brazil construction market are:

  • MODEC Inc.
  • Marubeni Corp
  • Dalian Shipbuilding Industry Corporation
  • Siemens AG
  • Mitsubishi Corp

Foreign contractors account for most of the project pipeline in the Brazil construction market.

Brazil Construction Market Analysis by Contractors, 2022 (%)

Brazil Construction Market Analysis by Contractors, 2022 (%)

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A few of the leading consultants in the Brazil construction market are:

  • Sofec Inc
  • Aker Solutions ASA
  • Rapid Offshore & Marine Pte, Ltd.
  • The Techint Group
  • Electricite de France SA

Consultants with headquarters outside Brazil are involved in most of the project pipeline by value.

Brazil Construction Market Analysis by Consultants, 2022 (%)

Brazil Construction Market Analysis by Consultants, 2022 (%)

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Brazil Construction Market - Latest Developments

  • The largest commercial project currently in the pipeline is the Rio de Janeiro Mixed-Use Development project, which is in the planning stage. It involves the construction of a resort, a casino, a shopping mall, a hotel, and a convention center.
  • The largest industrial projects currently in the pipeline is the Pecem Green Hydrogen Production Plant. The project involves the construction of a green hydrogen production plant, hydrogen vehicle fueling stations, and storage facilities.

Segments Covered in the Report

Brazil 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 Brazil.
  • Historical and forecast valuations of the construction industry in Brazil, 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 insights.
  • 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. Context

    • 3.1. Economic Performance
    • 3.2. Political Environment and Policy
    • 3.3. Demographics
    • 3.4. Risk Profile

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. Latest news and developments

  • 5. Key Industry Participants

    • 5.1. Contractors
    • 5.2. Consultants

  • 6. Construction Market Data
  • 7. Appendix

    • 7.1. What is this Report About?
    • 7.2. Definitions
    • 7.3. CRI Methodology

  • 8. About GlobalData
  • 9. Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Brazil, Key Economic Indicators

Table 3: Brazil, Commercial Construction Output by Project Type (Real % Change), 2018-27

Table 4: Brazil, Top Commercial Construction Projects by Value

Table 5: Brazil, Industrial Construction Output by Project Type (Real % Change), 2018-27

Table 6: Brazil, Top Industrial Construction Projects by Value

Table 7: Brazil, Infrastructure Construction Output by Project Type (Real % Change), 2018-27

Table 8: Brazil, Top Infrastructure Construction Projects by Value

Table 9: Brazil, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27

Table 10: Brazil, Top Energy and Utilities Construction Projects by Value

Table 11: Brazil, Institutional Construction Output by Project Type (Real % Change), 2018-27

Table 12: Brazil, Top Institutional Construction Projects by Value

Table 13: Brazil, Residential Construction Output by Project Type (Real % Change), 2018-27

Table 14: Brazil, Top Residential Construction Projects by Value

Table 15: Brazil, Key Contractors

Table 16: Brazil, Key Consultants

Table 17: Brazil, Construction Output Value (Real, $ Million)

Table 18: Brazil, Construction Output Value (Nominal, BRL Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Latin America, Construction Output (Real % Change), 2021-27

Figure 2: Brazil, Construction Output by Sector (Real % Change), 2021-23 and 2024-27

Figure 3: Brazil, Risk Summary

Figure 4: Brazil, Risk Regional Comparison

Figure 5: Brazil, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27

Figure 6: Brazil, Construction Output Value, by Sector (Real, $ Million), 2018-27

Figure 7: Brazil, Construction Value Add (BRL Billion, Chained at 1995 Prices)

Figure 8: Brazil, Gross Fixed Capital Formation (BRL Billion, Chained at 1995 Prices)

Figure 9: Brazil, Number of People Employed in the Construction Industry, In Thousands

Figure 10: Brazil, Construction Activity Index

Figure 11: Brazil, Business Confidence Index (ICEI)

Figure 12: Brazil, National Construction Cost Index – M (INCC-M), August 94=100

Figure 13: Brazil, Construction Projects Momentum Index

Figure 14: Latin America, Construction Projects Momentum Index

Figure 15: Brazil, Commercial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 16: Brazil, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 17: Brazil, Services Sector Value Add (BRL Billion, Chained at 1995 Prices)

Figure 18: Brazil, Services Volume and Revenue Indices, 2022=100, % Change YoY

Figure 19: Brazil, Number of People Employed in The Accommodation and Food Services Sector, In Thousands

Figure 20: Brazil, Retail sales volume and revenue index (2022=100)

Figure 21: Brazil, Industrial Construction Output by Project Type (Real, $ Million), 2018-27

Figure 22: Brazil, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: Brazil, Manufacturing Value Add (BRL Billion, Chained at 1995 Prices)

Figure 24: Brazil, Capacity Utilization in the Manufacturing Sector

Figure 25: Brazil, Industrial and Manufacturing Production Indices, (2022=100)

Figure 26: Brazil, Total Exports ($ Billion)

Figure 27: Brazil, Number of Vehicles Produced, Registered and Exported

Figure 28: Brazil, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27

Figure 29: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Brazil, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27

Figure 31: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Brazil, Electricity, Gas, and Water Services Value Add (BRL Million, 2007 Constant Prices)

Figure 33: Brazil, Electricity Consumed (in GWh)

Figure 34: Brazil, Institutional Construction Output by Project Type (Real, $ Million), 2018-27

Figure 35: Brazil, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: Brazil, Public Administration and Defense Sector Value Add (BRL Million, 2007 Constant Prices)

Figure 37: Brazil, Residential Construction Output by Project Type (Real, $ Million), 2018-27

Figure 38: Brazil, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 39: Brazil, Real Estate Value Add (BRL Billion, Chained at 1995 Prices)

Figure 40: Brazil, Loans for Real Estate Acquisition and Construction (BRL Billion)

Figure 41: Brazil, Residential Real Estate Sale Index (2012=100)

Figure 42: Brazil, Residential units sold (In Thousands)

Figure 43: Brazil, Residential Units Launched (In Thousands)

Figure 44: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 45: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)

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