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

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Brazil Construction Market Report Overview

The Brazil construction market size was $146.6 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028.

The following are some of the key highlights of the Brazil construction market:

  • Over the forecast period, the market growth can be attributed to the investment in the industrial, transport, renewable energy, housing, and oil sectors.
  • The residential construction sector led the Brazil construction market in 2023.
  • MODEC emerged as the leading contractor and Sofec was the leading consultant in the Brazil construction market in 2023.

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

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

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The Brazil construction market research report gives a comprehensive understanding of project types and construction activities in the country. The report analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. Furthermore, 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 Brazilian construction market growth in the coming years.

Market Size (2023) $146.6 billion
AAGR (2025-2028) >3%
Forecast Period 2023-2028
Historical Period 2019-2022
Key Sectors ·       Commercial Construction

·       Industrial Construction

·       Infrastructure Construction

·       Energy and Utilities Construction

·       Institutional Construction

·       Residential Construction

Key Contractors ·       MODEC

·       Marubeni

·       Dalian Shipbuilding Industry

·       Siemens

·       Mitsubishi Group

Key Consultants ·       Sofec

·       Aker Solutions

·       Rapid Offshore & Marine Pte

·       The Techint Group

·       MOVER Participacoes

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Brazil Construction Market Segmentation by Sectors

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. Over the forecast period, investments in the tourism sector as well as through the building of data centers, and logistics buildings will support the commercial sector’s output.

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. Growth during the forecast period can be attributed to an investment under the “New Industry Brazil” policy which was announced in January 2024.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period, public and private sector investments in infrastructure projects to improve regional connectivity will support the sector’s growth.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s aim to develop renewable energy infrastructure and investments in oil and gas projects will support the sector’s growth.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth during the forecast period can be attributed to investments in healthcare and educational sectors.

Residential construction: The project types in this sector include single-family housing and multi-family housing. Over the forecast period, the sector’s growth can be attributed to the government initiatives aimed at reducing the country’s housing deficit, while guaranteeing the sufficiency of affordable housing.

Brazil Construction Market Analysis by Sectors, 2023 (%)

Brazil Construction Market Analysis by Sectors, 2023 (%)

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Brazil Construction Market - Competitive Landscape

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

  • MODEC
  • Marubeni
  • Dalian Shipbuilding Industry
  • Siemens
  • Mitsubishi Group

Foreign contractors account for a majority of the project pipeline in the Brazilian construction market.

Brazil Construction Market Analysis by Contractors, 2023 (%)

Brazil Construction Market Analysis by Contractors, 2023 (%)

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

  • Sofec
  • Aker Solutions
  • Rapid Offshore & Marine Pte
  • The Techint Group
  • MOVER Participacoes

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

Brazil Construction Market Analysis by Consultants, 2023 (%)

Brazil Construction Market Analysis by Consultants, 2023 (%)

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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 currently in the planning stage. The project involves the construction of a hotel and resort, which will include a casino and a convention center, as well as its shopping mall.
  • The largest industrial project currently in the pipeline is the Parnaiba Green Hydrogen Plant, which alongside the construction of a green hydrogen production plant, hydrogen storage facilities, and control units, also includes management units, the installation of compressors, and safety and security systems.

Segments Covered in the Report

Brazil Construction Sectors Outlook (Value, $ Billion, 2019-2028)

  • 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 Brazil. It provides:

  • Historical and forecast valuations of the construction industry in Brazil, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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. 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), 2019–28

Table 4: Brazil, Top Commercial Construction Projects by Value

Table 5: Brazil, Industrial Construction Output by Project Type (Real % Change), 2019–28

Table 6: Brazil, Top Industrial Construction Projects by Value

Table 7: Brazil, Infrastructure Construction Output by Project Type (Real % Change), 2019–28

Table 8: Brazil, Top Infrastructure Construction Projects by Value

Table 9: Brazil, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28

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

Table 11: Brazil, Institutional Construction Output by Project Type (Real % Change), 2019–28

Table 12: Brazil, Top Institutional Construction Projects by Value

Table 13: Brazil, Residential Construction Output by Project Type (Real % Change), 2019–28

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), 2022–28

Figure 2: Brazil, Construction Output by Sector (Real % Change), 2022–24 and 2025–28

Figure 3: Brazil, Risk Summary

Figure 4: Brazil, Risk Regional Comparison

Figure 5: Brazil, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28

Figure 6: Brazil, Construction Output Value, by Sector (Real, $ Million), 2019–28

Figure 7: Brazil, Construction Projects Momentum Index

Figure 8: Latin America, Construction Projects Momentum Index

Figure 9: Brazil, Commercial Construction Output by Project Type (Real, $ Million), 2019–28

Figure 10: Brazil, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 11: Brazil, Services Sector Value Add (BRL Billion, Chained at 1995 Prices)

Figure 12: Brazil, Services Volume and Revenue Indices, 2022=100, % Change YoY

Figure 13: Brazil, Number of People Employed in The Accommodation and Food Services Sector, In Thousands

Figure 14: Brazil, Number of People Employed in The Accommodation and Food Services Sector, In Thousands

Figure 15: Brazil, Industrial Construction Output by Project Type (Real, $ Million), 2019–28

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

Figure 17: Brazil, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28

Figure 18: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Brazil, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28

Figure 20: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 21: Brazil, Institutional Construction Output by Project Type (Real, $ Million), 2019–28

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

Figure 23: Brazil, Residential Construction Output by Project Type (Real, $ Million), 2019–28

Figure 24: Brazil, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 26: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)

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