Brazil Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
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Brazil Construction Market Overview
The Brazil construction market size was $110.6 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The growth of the market will be supported by investment in the transport, renewable energy, housing, and oil sectors.
Brazil Construction Market Outlook, 2022-2027 ($ Billion)
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The Brazil construction market research report provides detailed market analysis, information, and insights into the Brazilian construction industry, including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Brazilian construction industry. It also provides an analysis of the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.
Market Size (2022) | $110.6 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 Group · PETRONAS |
Key Consultants | · Sofec Inc
· Aker Solutions ASA · The Techint Group · Rapid Offshore & Marine Pte, Ltd. · Electricite de France SA · WorleyParsons Ltd |
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Brazil Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Brazilian construction market in 2022.
The key sectors in the Brazilian 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 growth of the sector over the forecast period will be supported by investments in leisure and hospitality, retail, office, and data center building 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. The growth of the sector over the forecast period will be supported by a gradual rebound in manufacturing and export activities, coupled with investments in the country’s mining sector.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The growth of the sector over the forecast period will be supported by public and private sector investments in road, rail, and port projects.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The growth of the sector over the forecast period will be supported by government plans to increase the share of renewable energy in the total energy mix by 2030 and achieve the target of reaching net-zero carbon emissions by the end of 2050.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be supported by investments in education buildings, as part of the “National Pact for the Resumption of Basic Education Works”, to resume paralyzed or unfinished school construction works. Moreover, the rising elderly population in the country will also create opportunities for investment in the construction and expansion of healthcare buildings.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction sector will face a downfall during 2023-2024, but the market will again pick up in 2025, supported by the government’s initiatives to reduce the country’s housing deficit and guarantee the right to affordable housing to its citizens by implementing various housing programs.
Brazil Construction Market Analysis by Sectors, 2022 (%)
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Brazil Construction Market - Competitive Landscape
MODEC Inc. led the Brazilian construction market in 2022.
Some of the leading contractors in the Brazil construction market are:
- MODEC Inc.
- Marubeni Corp
- Dalian Shipbuilding Industry Corporation
- Siemens AG
- Mitsubishi Group
- PETRONAS
Foreign contractors account for a majority share of the project pipeline in the Brazilian construction market.
Brazil Construction Market Analysis by Contractors, 2022 (%)
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Some of the leading consultants in the Brazil construction market are:
- Sofec Inc
- Aker Solutions ASA
- The Techint Group
- Rapid Offshore & Marine Pte, Ltd.
- Electricite de France SA
- WorleyParsons Ltd
Sofec Inc. led the market in 2022. Consultants with headquarters outside Brazil are involved in most of the project pipeline by value.
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 and involves the construction of a resort, a casino, a shopping mall, a hotel, and a convention center.
- The largest industrial project currently in the pipeline is the Pecem Green Hydrogen Production Plant which involves the construction of a green hydrogen production plant, hydrogen vehicle fueling stations, storage facilities, and the installation of air compressors, and process heater systems.
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 insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
Frequently asked questions
-
What was the Brazil construction market size in 2022?
The construction market size in Brazil was $110.6 billion in 2022.
-
What is the Brazil construction market growth rate?
The construction market in Brazil is projected to achieve an AAGR of more than 2% during 2024-2027.
-
Which was the leading sector in the Brazil construction market in 2022?
Residential construction was the leading sector in the Brazilian construction market in 2022.
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Which are the leading contractors in the Brazil construction market?
Some of the leading contractors in the Brazil construction market are MODEC Inc., Marubeni Corp, Dalian Shipbuilding Industry Corporation, Siemens AG, Mitsubishi Group, and PETRONAS.
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Who are the leading consultants in the Brazilian construction market?
Some of the leading consultants in the Brazilian construction market are Sofec Inc, Aker Solutions ASA, The Techint Group, Rapid Offshore & Marine Pte, Ltd., Electricite de France SA, and WorleyParsons Ltd.
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