Chile Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Chile Construction Market Report Overview
The Chile construction market size was $42.9 billion in 2023. The market will achieve an AAGR of more than 3% during 2025-2028 supported by growing investments in industrial, infrastructure, and renewable energy projects.
Chile Construction Market Outlook, 2023-2028 ($ Billion)
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The Chile 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 Chile construction market growth in the coming years.
Market Size (2023) | $42.9 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 | · Sacyr SA
· Transelec S.A. · Webuild SpA · China Railway Construction Corporation Group · Inmobiliaria IHV Limitada |
Key Consultants | · John Wood Group Plc
· Ausenco Ltd · WSP Global Inc · Arcadis NV · Petrofac Ltd |
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Chile Construction Market Segmentation by Sectors
The infrastructure construction sector accounted for the highest market share in the Chile construction market in 2023
The key sectors in the Chile 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. The public and private investments in the construction of data centers 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. Investment in the manufacturing and mining sectors will drive the sector’s growth during the forecast period.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The government investment into infrastructure projects aimed at improving regional connectivity 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 public and private investments in renewable energy and hydrogen projects will drive the sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The public and private investment into the healthcare, education, and research infrastructure 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. The government investments to address the housing deficit will support the residential sector output over the forecast period.
Chile Construction Market Analysis by Sectors, 2023 (%)
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Chile Construction Market - Competitive Landscape
Sacyr emerged as the leading contractor and John Wood Group Plc was the leading consultant in the Chile construction market in 2023
A few of the leading contractors in the Chile construction market are:
- Sacyr SA
- Transelec S.A.
- Webuild SpA
- China Railway Construction Corporation Group
- Inmobiliaria IHV Limitada
Foreign contractors account for most of the project pipeline in the Chilean construction market.
Chile Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the Chile construction market are:
- John Wood Group Plc
- Ausenco Ltd
- WSP Global Inc
- Arcadis NV
- Petrofac Ltd
Consultants with headquarters based in Chile are involved in most of the project pipeline by value.
Chile Construction Market Analysis by Consultants, 2023 (%)
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Chile Construction Market - Latest Developments
- In January 2024, Chilean state-owned copper mining company Codelco, announced plans for heavy investment for two extraction tunnels to improve ventilation. The funding will also be used for new haulage sublevels and an access tunnel in the Chuquicamata copper mine.
- In December 2023, the Chilean Copper Commission (COCHILCO) reported that investment in mining projects is expected to reach more than $65 billion by 2032.
Segments Covered in the Report
Chile 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 Chile.
- Historical and forecast valuations of the construction industry in Chile, 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.
Table of Contents
Table
Figures
Frequently asked questions
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What was the construction market size in Chile in 2023?
The construction market size in Chile was $42.9 billion in 2023.
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What will the Chile construction market growth rate be during the forecast period?
The construction market in Chile 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 Chilean construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the Chilean construction market in 2023.
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Which are the leading contractors in the Chile construction market?
A few of the leading contractors in the Chile construction market are Sacyr SA, Transelec S.A., Webuild SpA, China Railway Construction Corporation Group, and Inmobiliaria IHV Limitada among others.
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Which are the leading consultants in the Chile construction market?
A few of the leading consultants in the Chile construction market are John Wood Group Plc, Ausenco Ltd, WSP Global Inc, Arcadis NV, and Petrofac Ltd among others.
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