Peru Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028
Summary
Following an annual decline of 8% in 2023, GlobalData forecasts the construction industry in Peru to grow by 5.1% in real terms this year, supported by improvements in transport and energy infrastructure, coupled with an increase in the public investments in the construction industry. According to the Peruvian Institute of Economics (IPE), following an annual growth of 9% in 2022, the public investment into construction activity recorded a real growth of 3.1% year on year (YoY) in 2023, to reach PEN50.5 billion ($13.2 billion) that year. Growth in 2024 will also be supported by a 12.1% increase in the government’s budget for 2024, to reach PEN241 billion ($64.5 billion) compared with the 2023 Budget. However, in the short term, the industry might reflect slowdowns owing to ongoing political instability, rising inflation, deterioration in investor confidence, coupled with rising construction material price in the country. According to the Instituto Nacional de Estadística e Informática (INEI), the average construction material price index grew by 1.2% YoY in the first nine months of 2023, preceded by annual growth of 11.5% in 2022.
Over the remainder of the forecast period, GlobalData expects the construction industry to record an average annual growth of 3.7% between 2025 and 2028, supported by investments in mining, housing, electricity, and transport infrastructure projects. Growth over the forecast period will be supported by a portfolio of feasible mining projects that includes commencement of the construction works of six mining projects by the end of 2024, which involves a total investment of PEN26.3 billion ($6.9 billion). The government's portfolio of 47 mining projects worth PEN204.4 billion ($53.7 billion) of investments will further support Peru's construction industry's growth over the forecast period.
GlobalData’s Construction in Peru - Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information and insights into Peru’s construction industry, including -
- Peru’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 Peru’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.
This report provides a comprehensive analysis of the construction industry in Peru. It provides -
- Historical (2019-2023) and forecast (2024-2028) 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
- 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.
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Peru, Key Economic Indicators
- Table 3: Peru, Commercial Construction Output by Project Type (Real % Change), 2019–28
- Table 4: Peru, Top Commercial Construction Projects by Value
- Table 5: Peru, Industrial Construction Output by Project Type (Real % Change), 2019–28
- Table 6: Peru, Top Industrial Construction Projects by Value
- Table 7: Peru, Infrastructure Construction Output by Project Type (Real % Change), 2019–28
- Table 8: Peru, Top Infrastructure Construction Projects by Value
- Table 9: Peru, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28
- Table 10: Peru, Top Energy and Utilities Construction Projects by Value
- Table 11: Peru, Institutional Construction Output by Project Type (Real % Change), 2019–28
- Table 12: Peru, Top Institutional Construction Projects by Value
- Table 13: Peru, Residential Construction Output by Project Type (Real % Change), 2019–28
- Table 14: Peru, Top Residential Construction Projects by Value
- Table 15: Peru, Key Contractors
- Table 16: Peru, Key Consultants
- Table 17: Peru, Construction Output Value (Real, $ Million)
- Table 18: Peru, Construction Output Value (Nominal, PEN Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Latin America, Construction Output (Real % Change), 2022–28
- Figure 2: Peru, Construction Output by Sector (Real % Change), 2022–24 and 2025–28
- Figure 3: Peru, Risk Summary
- Figure 4: Peru, Risk Regional Comparison
- Figure 5: Peru, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28
- Figure 6: Peru, Construction Output Value, by Sector (Real, $ Million), 2019–28
- Figure 7: Peru, Construction Value Add (PEN Million, 2007 Constant Prices)
- Figure 8: Peru, Gross Fixed Capital Formation in Construction (PEN Million, 2007 Constant Prices)
- Figure 9: Peru, Construction Materials Price Index (2013=100)
- Figure 10: Peru, Monthly Unemployment in Metropolitan Lima (Three-Month Moving Average)
- Figure 11: Peru, Construction Projects Momentum Index
- Figure 12: Latin America, Construction Projects Momentum Index
- Figure 13: Peru, Commercial Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 14: Peru, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: Peru, Accommodation and Restaurants Services Value Add (PEN Million, 2007 Constant Prices)
- Figure 16: Peru, Total International Tourist Arrivals
- Figure 17: Peru, Industrial Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 18: Peru, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Peru, Manufacturing Value Add (PEN Million, 2007 Constant Prices)
- Figure 20: Peru, Total Export Value ($ Million)
- Figure 21: Peru, Extraction of Oil, Gas, Minerals, and Related Services Value Add (PEN Million, 2007 Constant Prices)
- Figure 22: Peru, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 23: Peru, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Peru, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 25: Peru, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Peru, Electricity, Gas, and Water Services Value Add (PEN Million, 2007 Constant Prices)
- Figure 27: Peru, Telecommunication and Other Information Services Value Add (PEN Million, 2007 Constant Prices)
- Figure 28: Peru, Total Electricity Production (GWh)
- Figure 29: Peru, Institutional Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 30: Peru, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 31: Peru, Public Administration and Defense Sector Value Add (PEN Million, 2007 Constant Prices)
- Figure 32: Peru, Residential Construction Output by Project Type (Real, $ Million), 2019–28
- Figure 33: Peru, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 34: Peru, Hedonic Property Price Index
- Figure 35: Peru, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 36: Peru, Headquarters of Key Consultants (% of Total Project Pipeline)
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