Dominican Republic Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Dominican Republic Construction Market Report Overview
The Dominican Republic construction market size was $34.2 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027, supported by government investment in commercial, infrastructure, residential, and renewable energy projects.
Dominican Republic Construction Market Outlook, 2022-2027
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The Dominican Republic construction market research report provides detailed market analysis, information, and insights into the Dominican Republic construction industry, including the growth prospects of the industry 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 Dominican Republic construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
|Market Size (2022)||$34.2 billion|
|Key Sectors||Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction|
Dominican Republic Construction Market Segmentation by Sectors
The key sectors in the Dominican Republic construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Infrastructure construction led the Dominican Republic construction market in 2022.
Commercial construction: The commercial construction sector is expected to grow by more than 1% in real terms this year, supported by an improvement in consumer and investor confidence amid a rebound in tourism activity, coupled with the government’s focus on attracting investment in the commercial construction sector.
Industrial construction: GlobalData expects the industrial construction sector to register a growth of more than 2% in 2023. Over the remainder of the forecast period, between 2024 and 2027, the sector is expected to register an annual average growth rate of more than 4%, supported by an increase in Foreign Direct Investment (FDI) and improvement in export activity.
Infrastructure construction: The infrastructure construction sector is expected to grow by more than 1% in real terms in 2023, before averaging an annual growth of more than 3% from 2024 to 2027, supported by public- and private-sector investments in road, rail, port, and airport projects, in line with the government’s focus on developing transport infrastructure.
Energy and utilities construction: The energy and utilities construction sector’s outlook remains bright for the next five years, supported by the government’s commitment towards increasing the production of renewable energy, mainly solar and wind power.
Institutional construction: The institutional construction sector is expected to grow by more than 1% in real terms in 2023, before registering an annual average growth of more than 5% over the remainder of the forecast period (2024-27), supported by investments in health and education projects.
Residential construction: The residential construction sector in Dominican Republic is expected to expand by more than 2% in real terms this year, following an annual average growth of more than 4% during 2024-27, supported by the government’s focus on improving citizens’ housing conditions, and providing them with affordable housing.
Dominican Republic Construction Market Analysis by Sectors, 2022 (%)
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Segments Covered in the Report
Dominican Republic Construction Sectors Outlook (Value, US$ Million, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
This report provides a comprehensive analysis of the construction industry in Dominican Republic. It provides
- Historical and forecast valuations of the construction industry in Dominican Republic, 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
- Construction Outlook
- Construction Industry: At-a-Glance
- Latest News and Developments
- Project Analytics
- Construction Market Data
- Risk Profile
- About GlobalData
- CRI Methodology
List of Tables
Table 1: Construction Industry Key Data
Table 2: Dominican Republic, Top Construction Projects by Value
Table 3: Dominican Republic, Construction Output Value (Real, $ Million)
Table 4: Dominican Republic, Construction Output Value (Nominal, DOP Billion)
Table 5: GlobalData Construction Market Definitions
Table 6: Risk Dimensions
Table 7: Ratings, Scores and Definitions
List of Figures
Figure 1: Dominican Republic, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27
Figure 2: Dominican Republic, Construction Output Value, by Sector (Real, $ Million), 2018-27
Figure 3: South and Central America, Construction Output (Real % Change), 2021-27
Figure 4: Dominican Republic, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
Figure 5: Dominican Republic, Construction Value Add (% Change YoY, at Constant Prices)
Figure 6: Dominican Republic, Real Estate and Rental Activities Value Add (at Constant Prices)
Figure 7: Dominican Republic, Index of Direct Costs of Home Construction (2010=100)
Figure 8: Dominican Republic, Hotels, bars and restaurant services Value Add (% Change YoY, at Constant Prices)
Figure 9: Dominican Republic, Transport and storage services Value Add (% Change YoY, at Constant Prices)
Figure 10: Dominican Republic, Education sector’s Value Add (% Change YoY, at Constant Prices)
Figure 11: Dominican Republic, Healthcare sector’s Value Add (% Change YoY, at Constant Prices)
Figure 12: Dominican Republic, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 13: Dominican Republic, Risk Summary
Figure 14: Dominican Republic, Risk Regional Comparison
Frequently Asked Questions
The construction market size in Dominican Republic was $34.2 billion in 2022.
The construction market in Dominican Republic is projected to achieve an AAGR of more than 3% during 2024-2027.
Infrastructure construction was the leading sector in the Dominican Republic construction market in 2022.
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