Construction in Brazil - Key Trends and Opportunities to 2023

Construction in Brazil - Key Trends and Opportunities to 2023



The Brazilian construction industry suffered a downturn for a fifth year in a row in 2018, where it contracted by 2.5% in real terms, preceded by annual declines of 7.5% in 2017, 10% in 2016 and 9% in 2015. This decline can be attributed to economic slowdown and a fall in oil prices, which worsened the business environment in the country. Factors such as austerity measures adopted by the government to reduce the budget deficit and corruption allegations against politicians had an adverse impact on the construction industry.

The industry is expected to remain sluggish in 2019, before recovering to an annual average rate of 2.3% in real terms during the latter part of the forecast period (2020-2023), driven by the governments efforts to improve the countrys infrastructure and increasing investment in energy and manufacturing plants.

The industrys output value in real terms is expected to post a compound annual growth rate (CAGR) of 1.75% over the forecast period, compared to -7.30% during the review period (2014-2018). However, a weakening economy and rising global protectionism continue to present key downside risks to the outlook.

Key Highlights

- expects the residential construction market to retain its leading position over the forecast period, driven by the governments plan to build affordable houses for low- and middle-income people. In September 2019, the state government of So Paulo launched the Nossa Casa housing program. Under this, the state government plans to invest BRL1 billion (US$250 million) to build 60,000 affordable houses through the PPP by 2022.
- Industrial construction markets output over the forecast-period will be supported by the governments aim to increase auto manufacturing capacity in the country. Under the Route 2030 Program, the government plans to remove custom duty on imported components used by auto manufacturing companies. Moreover, in order to attract foreign manufacturing companies, the government is focusing on the development of Export Processing Zones (EPZ) across the country. Under the EPZ, the government provides administrative support, tax benefits and foreign exchange law support to foreign manufacturing companies.
- expects the infrastructure construction market to post a CAGR of 2.53% in real terms over the forecast period, driven by the governments plans to develop the countrys infrastructure. In January 2019, the Brazilian government announced it wants to push forward its plans to build new roads and railways, including the construction of the the BR-319 highway, the extension of the BR-163 highway and the Ferrogro (Grainrail) and FIOL (Railway for the Integration of the Center-West).
- Institutional construction markets output over the forecast-period is expected to be supported by the governments focus on developing the countrys tourism sector. Under the National Tourism Plan 2018-2022, the government aims to attract 12 million tourists to the country by 2022. To meet this target, in May 2019 the government launched the Investe Turismo Program to develop the countrys tourist destinations and provide incentives for new business; for this, the government allocated BRL200 million (US$51.5 million) as an initial amount for investment.
- The total construction project pipeline in Brazil - as tracked and including all mega projects with a value above US$25 million - stands at BRL2.2 trillion (US$597.8 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects, with 57.4% of the pipeline value being in projects in the pre-planning and planning stages as of November 2019.

Construction in Brazil - Key Trends and Opportunities to 2023 report provides detailed market analysis, information and insights into the Brazilian construction industry, including -
- The Brazilian construction industrys 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 Brazilian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Brazil. It provides -
- Historical (2014-2018) and forecast (2019-2023) 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

1 Executive Summary
2 Construction Outlook: At-a-glance
3 Latest News and Indicators
4 Key Drivers and Risks
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5 Construction Outlook
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6 Key Industry Participants
6.1. Contractors
6.2. Consultants
7 Appendix
7.1. What is this Report About?
7.2. Definitions
8 About GlobalData
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us

List Of Tables


Table 1: Construction Outlook
Table 2: Brazil, Key Economic Indicators
Table 3: Brazil, Construction Output Value (nominal, BRL Million)
Table 4: Brazil, Construction Output Value (nominal, US$ Million)
Table 5: Brazil, Top Commercial Construction Projects by Value
Table 6: Brazil, Top Industrial Construction Projects by Value
Table 7: Brazil, Top Infrastructure Construction Projects by Value
Table 8: Brazil, Top Energy and Utilities Construction Projects by Value
Table 9: Brazil, Top Institutional Construction Projects by Value
Table 10: Brazil, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Brazil, Key Contractors
Table 12: Brazil, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List Of Figures


Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Brazil, Construction Projects Pipeline by Sector (BRL Billion)
Figure 3: Brazil, Civil Construction Index
Figure 4: Brazil, Risk Profile
Figure 5: Brazil, Risk Comparison
Figure 6: Brazil, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 7: Brazil, Construction Output Value, Growth Matrix
Figure 8: Brazil, Construction Output Value, by Sector (BRL Million), 2014-2023
Figure 9: Brazil, Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 10: Brazil, Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 11: Brazil, Commercial Construction Output by Project Type (BRL Million), 2014-2023
Figure 12: Brazil, Commercial Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 13: Brazil, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 14: Brazil, Industrial Construction Output by Project Type (BRL Million), 2014-2023
Figure 15: Brazil, Industrial Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 16: Brazil, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 17: Brazil, Infrastructure Construction Output by Project Type (BRL Million), 2014-2023
Figure 18: Brazil, Infrastructure Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 19: Brazil, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 20: Brazil, Energy and Utilities Construction Output by Project Type (BRL Million), 2014-2023
Figure 21: Brazil, Energy and Utilities Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 22: Brazil, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 23: Brazil, Institutional Construction Output by Project Type (BRL Million), 2014-2023
Figure 24: Brazil, Institutional Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 25: Brazil, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 26: Brazil, Residential Construction Output by Project Type (BRL Million), 2014-2023
Figure 27: Brazil, Residential Construction Projects Pipeline, Value by Stage (BRL Million)
Figure 28: Brazil, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (BRL Million), 2018-2023
Figure 29: Brazil, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 30: Brazil, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 31: Brazil, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 32: Brazil, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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