Peru Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Peru Construction Market Report Overview
The Peru construction market size was $36.6 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027, supported by investments in transport, renewable energy, and housing infrastructure projects. In March 2023, Peru Energia, a platform of Peruvian energy companies, forecasted a potential of up to 130GW in non-conventional renewable energy resources including solar, wind, geothermal, biomaass, mini hydroelectric, and tidal, nearly ten times the existing installed capacity.
Peru Construction Market Outlook, 2022-2027
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The Peru construction market research report provides detailed market analysis, information, and insights into the Peru 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 Peru 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) | $36.6 billion |
| AAGR (2024-2027) | >3% |
| Forecast Period | 2023-2027 |
| Historical Period | 2018-2022 |
| Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction |
| Leading Contractors | Actividades de Construccion y Servicios SA, Cosapi SA, Webuild SpA, China Communications Construction Group Ltd, COSCO Shipping Ports Ltd, Sacyr SA, Ecopetrol SA, AENZA SAA, Acciona SA, and JJC Contratistas Generales SA |
| Leading Consultants | Egis Group, Ghenova Ingenieria SLU, GEODATA SpA, Geocontrol SA, Dohwa Engineering Co Ltd, Alpha Consult, Metropolitana Milanese SpA, Enel SpA, Ositran, and TYPSA Group |
Peru Construction Market Segmentation by Sectors
The key sectors in the Peru 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 commercial construction sector is expected to shrink by more than 3% this year as the political crisis and social unrest is resulting in a drop in tourist arrivals and a decline in investor confidence. However, during the forecasted period, the commercial construction sector’s output will be aided by a gradual rebound in tourism activities, along with investment as part of the new National Strategy for the Reactivation of the Tourism Sector 2022-25.
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 industrial construction sector is expected to contract this year, as economic constraints have caused an industrial slowdown and led to the suspension of major industrial projects. However, over the forecast period, output will be supported by a gradual rebound in manufacturing, mining, and export activities, coupled with a strong pipeline of mining projects.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecasted period, the growth of the sector will be supported by increased public works spending, particularly in the road and railway sectors, along with investment as part of the National Infrastructure Plan (PNIC).
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The energy and utilities construction sector is expected to contract by more than 1% this year, before increasing to an annual average rate of more than 3% between 2024 and 2027, supported by increased investment and development in renewable energy projects.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The institutional construction sector is expected to slow down by less than 1% this year before rebounding to an annual average rate of more than 2% between 2024 and 2027, supported by the government’s investments in developing healthcare and education infrastructure across the country.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction sector is expected to decline by more than 4% this year due to subdued consumer and investor confidence amid the political conflicts and social unrest. In the medium-long term, the sector’s output will be enhanced by consistent progress in implementation and completion of public and private housing projects to address the housing gap of 1.8 million housing units.
Peru Construction Market Analysis by Sectors, 2022 (%)
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Peru Construction Market - Competitive Landscape
The leading contractors in the Peru construction market are Actividades de Construccion y Servicios SA, Cosapi SA, Webuild SpA, China Communications Construction Group Ltd, COSCO Shipping Ports Ltd, Sacyr SA, Ecopetrol SA, AENZA SAA, Acciona SA, and JJC Contratistas Generales SA. Actividades de Construccion y Servicios SA led the market.
Peru Construction Market by Contractors, 2022 (%)
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The leading consultants in the Peru construction market are Egis Group, Ghenova Ingenieria SLU, GEODATA SpA, Geocontrol SA, Dohwa Engineering Co Ltd, Alpha Consult, Metropolitana Milanese SpA, Enel SpA, Ositran, and TYPSA Group. Egis Group led the market.
Peru Construction Market by Consultants, 2022 (%)
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Segments Covered in the Report
Peru Construction Sectors Outlook (Value, US$ Million, 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 Peru. It provides
- Historical and forecast valuations of the construction industry in Peru, 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
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in Peru was $36.6 billion in 2022.
The construction market in Peru is projected to achieve an AAGR of more than 3% during 2024-2027.
Residential construction was the leading sector in the Peru construction market in 2022.
The leading contractors in the Peru construction market are Actividades de Construccion y Servicios SA, Cosapi SA, Webuild SpA, China Communications Construction Group Ltd, COSCO Shipping Ports Ltd, Sacyr SA, Ecopetrol SA, AENZA SAA, Acciona SA, and JJC Contratistas Generales SA.
The leading consultants in the Peru construction market are Egis Group, Ghenova Ingenieria SLU, GEODATA SpA, Geocontrol SA, Dohwa Engineering Co Ltd, Alpha Consult, Metropolitana Milanese SpA, Enel SpA, Ositran, and TYPSA Group.
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