Peru Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 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. The growth of the market will be supported by investment in mining, housing, electricity, and transport infrastructure projects. The government is focusing on promoting green hydrogen and ensuring that more renewables are incorporated into the power mix. This will aid the country in increasing the share of renewable energy in the power mix to renewable energy and gas by 2025.

Peru Construction Market Outlook, 2022-2027 ($ Billion)

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The Peru construction market research report provides detailed market analysis, information, and insights into the Peru construction industry including the industry’s growth prospects by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues and an analysis of key risks and opportunities in the Peruvian construction industry. It also analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report discusses the sectors in the construction market and provides an overview of each sector along with their driving factors.

Peru Construction Market Segmentation by Sectors

Residential construction was the leading sector in the Peru construction market in 2022.

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 sector’s growth over the forecast period will be aided by a gradual rebound in tourism activities and investment as part of the new National Strategy for the Reactivation of the Tourism Sector 2022-2025.

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 sector output will be supported by a gradual rebound in manufacturing, mining, and export activities and a positive pipeline of mining projects.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector output will be supported by an increase in 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 sector growth will be supported by investment and development in renewable energy projects. The government plans to achieve renewable energy and gas in the electricity mix by 2025.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Forecast-period growth in the institutional construction sector will be 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. In the medium-long term, the residential sector’s output will be enhanced by consistent progress in the 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

Actividades de Construccion y Servicios SA was the leading contractor and GEODATA SpA was the leading consultant in the Peru construction market in 2022.

Some of the leading contractors in the Peru construction market are:

• Actividades de Construccion y Servicios SA
• Cosapi SA
• Webuild SpA
• Inversora Carso, S.A. de C.V.
• China Communications Construction Group Ltd

Foreign contractors account for a majority share of the project pipeline in the Peru construction market.

Peru Construction Market Analysis by Contractors, 2022 (%)

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Some of the leading consultants in the Peru construction market are:

• GEODATA SpA
• Egis Group
• Ghenova Ingenieria SLU
• Geocontrol SA
• Enel SpA

Consultants with headquarters outside Peru are involved in most of the project pipeline by value.

Peru Construction Market Analysis by Consultants, 2022 (%)

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Peru Construction Market – Latest Developments

• Among the largest commercial projects currently in the pipeline is the Intercontinental-Indigo Hotel Complex project which includes the construction of two hotels, a fine dining restaurant, two bars with a rooftop lounge, a spa, a fitness center, and an outdoor swimming pool.
• The industrial project pipeline includes the La Granja Copper Mine project which involves the development of a copper field with an annual production capacity of 300,000tpa to 500,000tpa in Cajamarca, Peru.

Segments Covered in the Report

Peru Construction Sectors Outlook (Value, $ Billion, 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.
• Historical and forecast valuations of the construction industry in Peru, 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.