Dominican Republic Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Dominican Republic Construction Market Report Overview
The Dominican Republic construction market size was $35.4 billion in 2023. The market will achieve an AAGR of more than 4% during 2025-2028 supported by investments in renewable energy, transport, and industrial infrastructure.
Dominican Republic Construction Market Outlook, 2023-2028 ($ Billion)
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The Dominican Republic construction market research report gives 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 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 Dominican Republic’s construction market growth in the coming years.
Market Size (2023) | $35.4 billion |
AAGR (2025-2028) | >4% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Dominican Republic Construction Market Segmentation by Sectors
The infrastructure construction sector accounted for the highest market share in the Dominican Republic construction market in 2023
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.
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 improvement in the tourism industry, coupled with the investment in leisure and hospitality will drive the commercial sector’s growth during the forecast period.
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. Investment in an improvement in Foreign Direct Investment (FDI) and export activity will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Government investments in upgrading the country’s motorways, road, and railway infrastructure will support the infrastructure sector’s output during the forecast period.
Energy and utility construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s commitment towards improving the production of renewable energy, especially solar and wind power will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The government’s focus on increasing investment in healthcare infrastructure will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Public and private sector investments in housing projects, in turn, will support the residential sector output over the forecast period.
Dominican Republic Construction Market Analysis by Sectors, 2023 (%)
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Dominican Republic Construction Market - Latest Developments
- In February 2024, the US based medical equipment manufacturer, Atlays, announced a plan to expand its business operations in the Dominican Republic. The company’s main project is to build a new 2,972.9 m2 building next to its current manufacturing location. This project will help to increase the company’s productive capacity of medical devices.
- In late December 2023, the Comisión Nacional De Energia (CNE) of the Dominican Republic announced the commencement of construction work on the Dominicana Azul solar project. It involves the installation of 24.8MW of battery energy storage system (BESS) out of the 99MWh currently planned, as well as 101.152MWp of solar PV. The power plant will produce 176.4GWh of energy annually once it is completed, which will result in an annual reduction of 1,000 tonnes of CO2 emissions.
Segments Covered in the Report
Dominican Republic 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 the Dominican Republic.
- Historical and forecast valuations of the construction industry in the Dominican Republic, 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
Table
Figures
Frequently asked questions
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What was the construction market size in the Dominican Republic in 2023?
The construction market size in the Dominican Republic was $311.3 billion in 2023.
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What will the Dominican Republic construction market growth rate be during the forecast period?
The construction market in the Dominican Republic is projected to achieve an AAGR of more than 4% during 2025-2028.
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Which sector accounted for the highest share of the Dominican Republic construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Italian construction market in 2023.
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