Uruguay Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)
Summary
GlobalData’s Construction in Uruguay - Country Briefing (H1 2024) report provides detailed market analysis, information, and insights into Uruguay’s construction industry, including -
- Uruguay’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 Uruguay’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.
Over the remainder of the forecast period, the construction industry is expected to register an annual average growth rate of 3.7%, in real terms, between 2025 and 2028, supported by investments in tourism and hydrogen industries, coupled with public investment in transport and water infrastructure projects. In February 2024, CAF-AM - Uruguay-based asset management company - approved a debt fund worth UYU12.1 billion ($300 million), to fund the Arazatí project among other associated water infrastructure developments domestically. Furthermore, the Ministry of Transport and Public Works is investing UYU10.5 billion ($260 million) towards the improvement of national transportation infrastructure. Moreover, another UYU20.2 billion ($500 million) is being invested by government to develop a sanitation projects, including the construction of 54 new water treatment plants, and improvements on 40 existing water treatment plans by close of 2028. Growth will also be supported by Uruguay’s ‘’2040 green hydrogen roadmap ‘’, announced in November of 2023, to reach a green hydrogen and derivates industry turnover of UYU76.6 billion (1.9 billion) by 2040. Furthermore, the government signed an agreement with HIF - US-based electrofuel company - in February of 2024, which is worth UYU241.8 billion ($6 billion), plans to generate 3,000 jobs, and involves the construction of a green hydrogen plant in Paysandú.
Scope
This report provides a comprehensive analysis of the construction industry in Uruguay. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Uruguay, 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 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Uruguay, Top Construction Projects by Value
- Table 3: Uruguay, Construction Output Value (Real, $ Million)
- Table 4: Uruguay, Construction Output Value (Nominal, UYU Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Uruguay, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Uruguay, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: Latin America, Construction Output (Real % Change), 2022-28
- Figure 4: Uruguay, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Uruguay, Construction Value Add, Constant 2016 Prices, (UYU Million)
- Figure 6: Uruguay, Housing Construction Cost Index, Base June 2023 = 100
- Figure 7: Uruguay, Export Price Index, (average base 2005=100)
- Figure 8: Uruguay, Electric Power, Gas and Water Value Add, Constant 2016 Prices, (UYU Million)
- Figure 9: Uruguay, Commerce, Accommodation and Supply of Food and Beverages Value Add, Constant 2016 Prices (UYU Million)
- Figure 10: Uruguay, Public Administration Activities Value Add, Constant 2016 Prices (UYU Million)
- Figure 11: Uruguay, Health, Education, Real Estate Activities Value Add, Constant 2016 Prices (UYU Million)
- Figure 12: Uruguay, Manufacturing Industry’s Physical Volume Index (2018=100)
- Figure 13: Uruguay, Construction Projects Pipeline, Value by Stage ($ Million)
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