Argentina Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Argentina Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

Following annual growth of 3.2% in 2022, GlobalData expects Argentina’s construction industry to decline by 2.2% in real terms in 2023, owing to weak peso, rising construction costs and interest rates. The estimated decline in the construction sector is also attributed to a decline in the total area authorized for building permits by 176 municipalities that fell by 1.3% in the first three months of 2023, preceded by an annual decline of 9.3% in 2022, according to the National Institute of Statistics and Census of Argentina (INDEC).

The construction industry is projected to recover and expand at an annual average rate of 3.1% between 2024 and 2027, supported by energy, rail infrastructure, and residential investment. In June 2023, National Development and Reform Commission reported that China and Argentina signed a cooperation plan for jointly promoting the construction of the Belt and Road Initiative. This initiative involves Chinese investments worth ARS5.9 trillion ($23 billion) on areas including energy, infrastructure, finance, culture, economy and trade in the country.

This report provides detailed market analysis, information and insights into Argentina’s construction industry, including -

• Argentina’s construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Argentina’s construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Argentina. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Argentina, 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.