Argentina Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Argentina Construction Market Report Overview
The Argentina construction market size was $64.4 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. Investments in transport, electricity, mining, Liquefied Natural Gas (LNG), and housing construction projects will drive the market growth during the forecast period.
Argentina Construction Market Outlook, 2023-2028 ($ Billion)
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The Argentina construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Argentinian construction market growth in the coming years.
Market Size (2023) | $64.4 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Electroingenieria SA
· China General Nuclear Power Corp · Hidrocuyo SA · SALTIC SE · CNNC China Zhongyuan Engineering Corp |
Key Consultants | · SNC-Lavalin Group Inc
· Pini Group SA · CNNC China Zhongyuan Engineering Corp · Ausenco Ltd · Serman And Asociados SA |
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Argentina Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Argentina construction market in 2023
The key sectors in the Argentina 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. Development of the tourism sector and investments in the data center and logistic building projects will drive the commercial sector’s growth during the forecast period.
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. An increase in manufacturing, coupled with investment in the country’s auto sector and lithium production will drive the sector’s growth during 2025-2028. Moreover, the government aims to increase lithium exports and lithium production by 2025. This will support industrial construction activity as well.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investments to improve railway connectivity and road infrastructure across the country will support the infrastructure sector’s output during the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government invests in renewable energy projects to install electrolysis capacity and renewable electricity generation capacity. Investments in electricity infrastructure, as part of the ‘Energy Transition Plan,’ will also support the sector growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investments in the education and healthcare sectors will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Investments in housing construction amid rising population will support the residential sector output during the forecast period.
Argentina Construction Market Analysis by Sectors, 2023 (%)
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Argentina Construction Market - Competitive Landscape
Electroingenieria SA emerged as the leading contractor and SNC-Lavalin Group Inc. as the leading consultant in the Argentina construction market in 2023
A few of the leading contractors in the Argentina construction market are:
- Electroingenieria SA
- China General Nuclear Power Corp
- Hidrocuyo SA
- SALTIC SE
- CNNC China Zhongyuan Engineering Corp
Domestic and foreign contractors account for an equal share of the project pipeline in the Argentina construction market.
Argentina Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Argentina construction market are:
- SNC-Lavalin Group Inc
- Pini Group SA
- CNNC China Zhongyuan Engineering Corp
- Ausenco Ltd
- Serman And Asociados SA
Consultants with headquarters outside Argentina are involved in most of the project pipeline by value.
Argentina Construction Market Analysis by Consultants, 2023 (%)
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Argentina Construction Market - Latest Developments
- In October 2023, the Saudi Fund for Development (SFD) signed an agreement with the Province Governor of Córdoba and Santa Fe, to fund the Interprovincial Aqueduct Santa Fe – Córdoba Project (Phase 1, Block B-C) in Argentina. This will support the growing demand for potable water in Santa Fe and Córdoba provinces.
- Among the largest commercial projects currently in the pipeline is the Mendoza Host Hotel Building Development. The project involves the construction of a hotel building with rooms and amenities including a cellar and a vineyard.
Segments Covered in the Report
Argentina Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- 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 Argentina.
- Historical and forecast valuations of the construction industry in Argentina, 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.
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Frequently asked questions
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What was the construction market size in Argentina in 2023?
The construction market size in Argentina was $64.4 billion in 2023.
-
What will the Argentina construction market growth rate be during the forecast period?
The construction market in Argentina is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the Argentina construction market in 2023?
The residential construction sector accounted for the highest market share in the Argentinian construction market in 2023.
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Which are the leading contractors in the Argentinian construction market?
A few of the leading contractors in the Argentina construction market are Electroingenieria SA, China General Nuclear Power Corp, Hidrocuyo SA, SALTIC SE, and CNNC China Zhongyuan Engineering Corp, among others.
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Which are the leading consultants in the Argentinian construction market?
A few of the leading consultants in the Argentina construction market are SNC-Lavalin Group Inc, Pini Group SA, CNNC China Zhongyuan Engineering Corp, Ausenco Ltd, and Serman and Asociados SA, among others.
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