Ecuador Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Ecuador Construction Market Report Overview
The Ecuador construction market size was $16.7 billion in 2022. The market is projected to achieve an AAGR of more than 4% during 2024-2027. The industry’s output over the forecast period will be supported by investments in mining, transport, electricity, education, and housing sectors.
Ecuador Construction Market Outlook, 2022-2027 ($ Billion)
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The Ecuador construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Ecuador from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Ecuador construction market.
Market Size (2022) | $16.7 billion |
AAGR (2024-2027) | >4% |
Forecast Period | 2023-2027 |
Historical Period | 2018-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
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Ecuador Construction Market Segmentation by Sectors
Infrastructure construction was the leading sector in the Ecuador construction market in 2022
The key sectors in the Ecuador construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the infrastructure construction sector accounted for the highest market share, followed by residential construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector output will be supported by public and private investment in road, rail, and port projects.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Investments to build affordable homes and mixed-use buildings will drive the sector’s growth over 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’s growth over the forecast period is attributed to public and private investments in the development of renewable energy infrastructure, in line with the government’s focus on reducing carbon emissions in the country. The government aims to reduce greenhouse gas emissions by 25% by 2030 and attain net zero emissions by 2050.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Improvements in tourism, wholesale, and retail trade activities will drive the sector’s growth over 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. The government’s focus on boosting investments in the country will boost the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Rising investment in healthcare, education, and research infrastructure projects will facilitate the sector’s growth during the forecast period.
Ecuador Construction Market Analysis by Sectors, 2022 (%)
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Scope
This report provides:
- A comprehensive analysis of the construction industry in Ecuador.
- Historical and forecast valuations of the construction industry in Ecuador, 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.
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Figures
Frequently asked questions
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What was the Ecuador construction market size in 2022?
The construction market size in Ecuador was $16.7 billion in 2022.
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What is the Ecuador construction market growth rate?
The construction market in Ecuador is projected to achieve an AAGR of more than 4% during 2024-2027.
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Which was the leading sector in the Ecuador construction market in 2022?
Infrastructure construction was the leading sector in the Ecuador construction market in 2022.
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What are the factors driving infrastructure construction in the Ecuador construction market?
The infrastructure sector output will be supported by public and private investment in road, rail, and port projects.
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