Latin America Infrastructure Construction Market Size and Trends Analysis by Countries, Sector and Segment Forecast to 2026

Powered by

Access in-depth insight and stay ahead of the market

$1495
Buy Report View Sample

Published: February 24, 2023 Report Code: GRCREG000005CN-BB

Select Item

Explore actionable market insights from the following data in our ‘Latin America Infrastructure Market’ report:

  • Analysis of historical figures and forecasts of revenue opportunities from the sector (roads, railways, electricity and power, water and sewage, and others) and regional segments.
  • Outlook for the Latin America infrastructure construction industry to 2026.
  • Analysis of the infrastructure investment in major countries: Argentina, Brazil, Colombia, Mexico, and Rest of Latin America.
  • Insight into the project pipelines for roads, railways, electricity and power, water and sewage, and others.

How is the ‘Latin America Infrastructure Market’ report different from other reports in the market?

Businesses need to have a deeper understanding of the market dynamics to gain a competitive edge in the coming decade. Get the ‘Latin America Infrastructure Market’ report today, which will help you to:

  • Evaluate regional trends in infrastructure development from insight into output values and project pipelines. Identify the fastest growers to enable assessment and targeting of commercial opportunities in the markets best suited to strategic focus.
  • Identify the drivers in the Latin America infrastructure construction market and consider growth in developed economies. Formulate plans on where and how to engage with the market while minimizing any negative impact on revenues.
  • Examine the assumptions and drivers behind ongoing and upcoming trends in the Latin America infrastructure construction market.

We recommend this valuable source of information to anyone involved in:

  • Contractors Including Civil Works, Electrical, HVAC, and Others
  • Consultants/Designers
  • Building Material Merchants/Players
  • Management Consultants and Investment Banks
  • Portfolio Managers/Buy-Side Firms
  • Strategy and Business Development
  • Investment Banking

To Get a Snapshot of the Latin America Infrastructure Market Report, Download a Free Report Sample

Latin America Infrastructure Construction Market Report Overview

The Latin America infrastructure construction market size was evaluated at $230.6 billion in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 3.8% over the forecast period. The regional growth is strongly supported by the project pipelines from countries including Brazil, Mexico, Colombia, and Argentina.

The aforementioned four countries in terms of construction output value accounted for more than 70.0% of the overall regional share in 2023. In addition, these countries are estimated to dominate the regional project pipeline with an approximate share of 69.0%. Brazil is anticipated to remain the front-runner with a share of more than 42.0% of the overall regional project pipeline.

Latin America Infrastructure Construction Market Outlook, 2019-26 ($ Billion)

Latin America Infrastructure Construction Market Outlook, 2019-26 ($ Billion)

 

View Sample Report for Additional Insights on the Latin America Infrastructure Construction Market Forecast, Download a Free Report Sample

According to estimates from GlobalData, the Latin America infrastructure construction market witnessed a decline of 15.3% in 2020 owing to the economic disruption caused by the emergence of coronavirus. The output value spurred in 2023 as construction activities were resumed in the region with necessary restriction measures to register a year-on-year growth rate of 10.9%. However, the rising debt burden on the key countries of the region coupled with the high inflation rate lowered the momentum of construction output in 2023.

Latin America Infrastructure Construction Market Segmentation by Sectors

The Latin America infrastructure construction industry covers railways, roads, water and sewage, electricity and power, and others. The roads segment is anticipated to dominate the overall market share in 2023.

Roads: Road infrastructure in the Latin America region is the largest segment of the infrastructure construction industry as of 2023 and is projected to continue its dominance over the forecast period. Brazil in terms of output value is estimated to emerge as the key country within this region, accounting for approximately 34.0% in 2023.

The largest project in Brazil’s pipeline is the $6.2 billion Mario Covas Northern Stretch Ring Road project which involves the construction of a 44km-long ring road. It will include the construction of road lanes, tunnels, overpasses, bridges, and highways.

Latin America Infrastructure Construction Market Share by Sectors, 2023 (%)

Latin America Infrastructure Construction Market Share by Sectors, 2023 (%)

 

Fetch Sample PDF for Latin America Infrastructure Construction Segment-specific Revenues and Shares, Download a Free Report Sample

Water and Sewage: This segment is projected to observe the slowest annual average growth rate of 2.9% from 2022 to 2026 as compared to its counterparts. The Latin American region is increasingly witnessing more intense droughts and floods with cities and farms facing severe water shortages. The high inflation is pushing up construction which could dampen investment in the short term. Investment in the long term will be driven by the growing climate emergency, the aim to meet UN sustainable development goals, and governments’ growth ambitions. This is likely to be supported by foreign aid and grants.

Electricity and Power: The electricity and power infrastructure construction output value in the region is estimated to showcase an annual average growth rate of 4.2% from 2022 to 2026. The regional dynamics of this segment are widely influenced by Brazil, the largest electricity market in the region. The efforts to shift power generation from traditional sources to renewables are likely to continue in the Latin America region over the forecast period.

For instance, in June 2022, the storage battery manufacturing company Jiangxi Ganfeng Lithium Co. Ltd, based in China, began the construction work at the Mariana Lithium project in Argentina’s northwestern Salta province. The ARS75 billion ($600 million) project is expected to be entirely powered by a 150MW solar plant and is slated to create more than 100,000 jobs.

Railways: The railway infrastructure construction sector is projected to be dominated by Brazil in terms of project pipelines over the forecast period. Brazil’s railway network accounted for only 15% of the national logistics distribution in 2021, while the road system accounted for 65%. In early November 2022, the Ministry of Infrastructure reported that it received a total of 48 applications from the private sector worth BRL189.4 billion ($37 billion) to construct 15,013.4km of new rail line under the Pro Rail law.

Others: The others category comprises ports, inland waterways, marine, and airports. This segment in terms of construction output value accounted for more than 26.0% of the overall market share in 2023. Consisting of mainly net exporting countries, Latin American ports facilitate the supply of many critical raw materials for food and industrial production to the US and Europe.

Growth in the regional airport sector is likely to continue to be spurred over the medium to long term by a gradual rise in domestic demand and a surge in travelers from the US to popular tourist destinations in South and Central America. It is likely that governments will continue to invest in airport infrastructure to expand capacity and meet the requirements for higher demand over the long term.

Latin America Infrastructure Construction Market Analysis by Countries

Brazil accounted for a major share of more than 34.0% of the regional construction output in 2023. The country is also the largest holder of project pipelines in the region. The government plans to continue its spending on infrastructure projects, with a focus on improving regional connectivity through the development of transport infrastructure.

For instance, in October 2022, Brazilian land transport regulator ANTT approved three companies to construct five freight rail lines in three states. With an expected total investment of BRL16.8 billion ($3.3 billion), the five projects involve the construction of 1,041km new lines. Accordingly, Petrocity Ferrovias will invest BRL740 million ($144.4 million) to construct a 68km railway branch in Goiás, connecting Corumbá de Goiás with Anápolis.

Mexico is projected to follow Brazil in second place in terms of construction output value and project pipelines. According to the reports released by the Ministry of Economy in November 2022, Foreign Direct Investment (FDI) in Mexico increased by 29.5% YoY in the first nine months of 2022, reaching MXN32.2 billion ($1.3 billion), with the manufacturing sector accounting for 36.3% of the total investment followed by the transport sector which accounts for 14.5% of the total investment.

Argentina is estimated to observe an average growth rate of nearly 2.7% from 2023 to 2026, supported by transport investment. The ongoing construction of 218 roadway projects under the ministry of public works is expected to be completed by 2025. The National Highway Authority of Argentina plans to rehabilitate a total of 2,292km of roads, complete the construction of 261km of highways, and have 1,192km of highways under construction, by the end of 2023.

Furthermore, as part of the Argentina Rail Modernization Plan for 2030, the Ministry of Transport signed three memorandums of understanding (MoU) in February 2022, with Chinese companies for the development of three rail projects.

Latin America Infrastructure Construction Market Share by Country, 2023 (%)

Latin America Infrastructure Construction Market Share by Country, 2023 (%)

View Sample Report for Additional Latin America Infrastructure Construction Market Insights, Download a Free Report Sample

Colombia is expected to register an annual average growth rate of 5.9% from 2022 to 2026, primarily backed by ongoing efforts to accelerate the completion of Colombia’s 4G road infrastructure program and push forward with plans for its 5G concessions program. Furthermore, the new government announced the Intermodal Transportation Master Plan and National Development Plan to connect the country from the Pacific to the Atlantic through 657km of railway lines and 30 railway projects which will be financed through public-private partnerships (PPPs).

Latin America Infrastructure Construction Market Research Scope

Market Size in 2023 $230.6 billion
Market Size in 2026 $255.6 billion
CAGR 3.8% from 2022 to 2026
Historic Years 2016-2021
Forecast Period 2022-2026
Report Scope & Coverage Sector Overview, Construction Output Value ($ Million), Project Pipeline by Country and Sector, Regional Outlook by Key Sectors, Top 20 Project Details by Sector
Key Segments Roads, Railways, Electricity and Power, Water and Sewage, Others
Key Countries Argentina, Brazil, Colombia, Mexico, and Rest of Latin America

Key Players

Table of Contents

  • CHAPTER 01 Overview

  • CHAPTER 02 Sector Overviews

    • 2.1 Railways

    • 2.2 Roads

    • 2.3 Electricity and Power

    • 2.4 Water and Sewage

    • 2.5 Others

  • CHAPTER 03 Project Pipelines

    • 3.1 All Infrastructure Projects

      • 3.1.1 Railway Projects

      • 3.1.2 Road Projects

      • 3.1.3 Electricity and Power Projects

      • 3.1.4 Water and Sewage Projects

      • 3.1.5 Other Projects

  • CHAPTER 04 Latin America Infrastructure Construction Regional Trends

    • 4.1 Latin America Infrastructure Construction Market Data

      • 4.1.1 Argentina Infrastructure Construction Market Data

      • 4.1.2 Brazil Infrastructure Construction Market Data

      • 4.1.3 Colombia Infrastructure Construction Market Data

      • 4.1.4 Mexico Infrastructure Construction Market Data

      • 4.1.5 Rest of Latin America Infrastructure Construction Market Data

  • CHAPTER 05 Research Methodology

    • 5.1 Introduction

    • 5.2 Research Methodology Steps

      • 5.2.1 Data Collection and Consolidation

      • 5.2.2 Modelling and Estimation

      • 5.2.3 Forecasting and Validation

  • CHAPTER 06 About GlobalData

  • Contact Us

Table

Table 1 Latin America Infrastructure Construction Output, by Country (Real, $ 2017 Billion), 2016–2026

Table 2 All Latin America Infrastructure Construction, Project Pipeline Value by Stage and Key Countries ($ Million)

Table 3 All Latin America Infrastructure Construction, Project Pipeline Value by Stage and Sector ($ Million)

Table 4 Top 20 Railway Projects by Value

Table 5 Top 20 Road Projects by Value

Table 6 Top 20 Electricity and Power Projects by Value

Table 7 Top 20 Water and Sewage Projects by Value

Table 8 Top 20 Airport Projects by Value

Table 9 Top 20 Other Projects by Value

Table 10 Latin America Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Table 11 Argentina Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Table 12 Brazil Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Table 13 Colombia Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Table 14 Mexico Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Table 15 Rest of Latin America Infrastructure Construction Output Value, by Sector (Real $ Billion), 2016–26

Figures

Fig.1 Latin America Infrastructure Construction Output Value (Real $ Billion) and Growth (% Change)

Fig.2 Global Infrastructure Construction Output Value by Region (Index, 2016 = 100)

Fig.3 Railway Infrastructure Output (% of GDP) vs Population Density per Km of Rail

Fig.4 Railway Infrastructure Output (% of GDP) vs Efficiency of Train Services

Fig.5 Railway Infrastructure Construction Output Value, % of GDP, Average of Time Period

Fig.6 Railway Infrastructure Construction Output Value (Real $ Million)

Fig.7 Road Infrastructure Output (% of GDP) vs Quality of Roads

Fig.8 Road Infrastructure Output (% of GDP) vs Road Connectivity

Fig.9 Road Infrastructure Construction Output Value, % of GDP, Average of Time Period

Fig.10 Road Infrastructure Construction Output Value (Real $ Million)

Fig.11 Electricity and Power Infrastructure Output (% of GDP) vs Electricity Power Losses

Fig.12 Electricity and Power Infrastructure Output (% of GDP) vs Electricity Quality

Fig.13 Electricity and Power Construction Output Value, % of GDP, Average of Time Period

Fig.14 Electricity and Power Construction Output Value (Real $ Million)

Fig.15 Water and Sewage Infrastructure Output (% of GDP) vs Reliability of Water Supply

Fig.16 Water and Sewage Infrastructure Output (% of GDP), Access to Safely Managed Sanitation

Fig.17 Water and Sewage Infrastructure Construction Output Value, % of GDP, Average of Time Period

Fig.18 Water and Sewage Infrastructure Construction Output Value (Real $ Million)

Fig.19 Others Infrastructure Construction Output (% of GDP) vs Efficiency of Seaport Services

Fig.20 All Latin America Infrastructure Construction, Project Pipeline Value by Stage ($ million)

Fig.21 All Latin America Infrastructure Construction, Project Pipeline Value by Stage and Sector ($ Million)

Fig.22 All Latin America Infrastructure Construction, Project Pipeline Value by Stage and Key Countries ($ Million)

Fig.23 All Latin America Railways, Project Pipeline by Stage ($ Million)

Fig.24 All Latin America Railways, Project Pipeline by Stage and Key Countries ($ Million)

Fig.25 All Latin America Railways, Project Pipeline by Funding Type and Key Countries (% of Total)

Fig.26 All Latin America Railways, Project Pipeline Rail Length by Completion Year (km)

Fig.27 All Latin America Railways, Pipeline Valie by Railway Type ($ Million)

Fig.28 All Latin America Roads, Project Pipeline by Stage ($ Million)

Fig.29 All Latin America Roads, Project Pipeline by Stage and Key Countries ($ Million)

Fig.30 All Latin America Roads, Project Pipeline by Funding Type and Key Countries (% of Total)

Fig.31 All Latin America Roads, Project Pipeline Length by Completion Year (km)

Fig.32 All Latin America Electricity and Power, Project Pipeline by Stage ($ Million)

Fig.33 All Latin America Electricity and Power, Project Pipeline by Stage and Key Countries ($ Million)

Fig.34 All Latin America Electricity and Power Generation, Project Pipeline by Type and Stage ($ Million)

Fig.35 All Latin America Electricity and Power Generation, Capacity Additions by Completion Year (MW)

Fig.36 All Latin America Water and Sewage, Project Pipeline by Stage ($ Million)

Fig.37 All Latin America Water and Sewage, Project Pipeline by Stage and Key Countries ($ Million)

Fig.38 All Latin America Water and Sewage, Project Pipeline by Funding and Key Countries ($ Million)

Fig.39 All Latin America Other, Project Pipeline by Stage ($ Million)

Fig.40 All Latin America Other, Project Pipeline by Stage and Key Countries ($ Million)

Fig.41 All Latin America Other, Project Pipeline by Funding Type and Key Countries ($ Million)

Fig.42 Research Methodology Steps

Fig.43 Core Objectives of Data Collection and Consolidation

Fig.44 Modelling Approach

Fig.45 Forecasting and Validation Flow

Fig.46 GlobalData Proposition and Product Capabilities

Fig.47 GlobalData Sector Coverage

Fig.48 Supporting business-critical decision making at the largest & most successful companies

Frequently asked questions

Currency USD
$1,495

Can be used by individual purchaser only

Most Popular
$2,242

Can be shared by unlimited users within one corporate location e.g. a regional office

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

We are confident about Latin America Infrastructure Construction Market Size and Trends Analysis by Countries, Sector and Segment Forecast to 2026 report's unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Construction reports
Construction
New
Brazil Construction Market Size, Trend Analysis by Sector, Competitive Landscape…
$1,495 | March 2024
Construction
New
Saudi Arabia Construction Market Size, Trend Analysis by Sector, Competitive…
$1,495 | March 2024
Construction
New
Healthcare Construction Project Insights and Analytics (Q1 2024)
$1,950 | March 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Latin America Infrastructure Construction Market Size and Trends Analysis by Countries, Sector and Segment Forecast to 2026 in real time.

  • Access a live Latin America Infrastructure Construction Market Size and Trends Analysis by Countries, Sector and Segment Forecast to 2026 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more