Peru Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Peru Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Summary

GlobalData’s Construction in Peru - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information, and insights into the Peruvian construction industry, including -

• The Peruvian construction industry 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 the Peruvian construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Following a decline of 8% in 2023, Peru’s construction industry is expected to grow by 5.1% in real terms in 2024, supported by private investments in the mining industry, and public spending in transport and energy infrastructure projects. According to the Instituto Nacional de Estadística e Informática (INEI), the value add of extraction activities domestically rose by 7.6% year on year (YoY) in Q1 2024, following an annual growth of 8.2% in 2023. Growth in the construction activity will also be supported by the 2024 Budget, approved in November 2023, that allocated PEN46.5 billion ($12.2 billion) for education, PEN29.5 billion ($7.7 billion) for healthcare, PEN22 billion ($5.8 billion) for the transportation sector, and another PEN3.2 billion ($837.2 million) for the housing sector.

Over the remainder of the forecasted period, the construction industry is expected to record an average annual growth of 3.7% between 2025 and 2028, supported by government spending in educational facilities, road infrastructure, and renewable energies, among other projects. Construction on the first four pilot schools (out of the 75 planned under the Bicentenary Schools public program) were completed in March 2024. The program involves an investment of PEN5.3 billion ($1.4 billion) for 75 new schools in 21 districts within the capital city of Lima and nine additional regions across the country. Furthermore, growth will also be supported by the government's portfolio of 47 mining projects worth PEN204.4 billion ($53.7 billion) of investments; copper projects comprise the largest share of investment (72%), followed by gold (13%), iron ore (10%) and zinc, silver, phosphate and lithium (5%).

Scope

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

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.