Brazil Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Brazil Construction Market Report Overview
The Brazil construction market size was $146.6 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028. Over the forecast period, the market growth can be attributed to the investment in the industrial, transport, renewable energy, housing, and oil sectors.
Brazil Construction Market Outlook, 2023-2028 ($ Billion)
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The Brazil construction market research report gives a comprehensive understanding of project types and construction activities in the country. The report analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. Furthermore, 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 Brazilian construction market growth in the coming years.
Market Size (2023) | $146.6 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 | · MODEC
· Marubeni · Dalian Shipbuilding Industry · Siemens · Mitsubishi Group |
Key Consultants | · Sofec
· Aker Solutions · Rapid Offshore & Marine Pte · The Techint Group · MOVER Participacoes |
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Brazil Construction Market Segmentation by Sectors
The residential construction sector accounted for the highest market share in the Brazil construction market in 2023
The key sectors in the Brazilian 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. Over the forecast period, investments in the tourism sector as well as through the building of data centers, and logistics buildings will support the commercial sector’s output.
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. Growth during the forecast period can be attributed to an investment under the “New Industry Brazil” policy which was announced in January 2024.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period, public and private sector investments in infrastructure projects to improve regional connectivity will support the sector’s growth.
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’s aim to develop renewable energy infrastructure and investments in oil and gas projects will support the sector’s growth.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth during the forecast period can be attributed to investments in healthcare and educational sectors.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Over the forecast period, the sector’s growth can be attributed to the government initiatives aimed at reducing the country’s housing deficit, while guaranteeing the sufficiency of affordable housing.
Brazil Construction Market Analysis by Sectors, 2023 (%)
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Brazil Construction Market - Competitive Landscape
MODEC emerged as the leading contractor and Sofec was the leading consultant in the Brazil construction market in 2023
A few of the leading contractors in the Brazil construction market are:
- MODEC
- Marubeni
- Dalian Shipbuilding Industry
- Siemens
- Mitsubishi Group
Foreign contractors account for a majority of the project pipeline in the Brazilian construction market.
Brazil Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Brazil construction market are:
- Sofec
- Aker Solutions
- Rapid Offshore & Marine Pte
- The Techint Group
- MOVER Participacoes
Consultants with headquarters outside of Brazil are involved in most of the project pipeline by value.
Brazil Construction Market Analysis by Consultants, 2023 (%)
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Brazil Construction Market - Latest Developments
- The largest commercial project currently in the pipeline is the Rio de Janeiro mixed-use development project, which is currently in the planning stage. The project involves the construction of a hotel and resort, which will include a casino and a convention center, as well as its shopping mall.
- The largest industrial project currently in the pipeline is the Parnaiba Green Hydrogen Plant, which alongside the construction of a green hydrogen production plant, hydrogen storage facilities, and control units, also includes management units, the installation of compressors, and safety and security systems.
Segments Covered in the Report
Brazil 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 Brazil. It provides:
- Historical and forecast valuations of the construction industry in Brazil, 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.
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Frequently asked questions
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What was the construction market size in Brazil in 2023?
The construction market size in Brazil was $146.6 billion in 2023.
-
What will the Brazil construction market growth rate be during the forecast period?
The construction market in Brazil 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 Brazil construction market in 2023?
The residential construction sector accounted for the highest market share in the Brazil construction market in 2023.
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Which are the leading contractors in the Brazil construction market?
A few of the leading contractors in the Brazil construction market are MODEC, Marubeni, Dalian Shipbuilding Industry, Siemens, and Mitsubishi Group.
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Which are the leading consultants in the Brazil construction market?
A few of the leading consultants in the Brazil construction market are Sofec, Aker Solutions, Rapid Offshore & Marine Pte, The Techint Group, and MOVER Participacoes.
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