Brazil Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Brazil Construction Market 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)
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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 (%)
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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 (%)
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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 (%)
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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.
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Frequently asked questions
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What was the Brazil construction market size in 2022?
The construction market size in Brazil was $120.5 billion in 2022.
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What will the Brazil construction market growth rate be during the forecast period?
The construction market in Brazil is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Brazil construction market in 2022?
Residential construction was the leading sector in the Brazil construction market in 2022.
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Which are the leading contractors in the Brazil construction market?
A few of the leading contractors in the Brazil construction market are MODEC Inc., Marubeni Corp, Dalian Shipbuilding Industry Corporation, Siemens AG, and Mitsubishi Corp, among others.
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Who are the leading consultants in the Brazil construction market?
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, and Electricite de France SA, among others.
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