RnRMarketResearch.com adds “Construction in Brazil Key Trends and Opportunities to 2017” new report on its database.
The commercial construction market valued BRL28.8 billion (US$14.8 billion) in 2012. Although Brazil‟s economic growth has decelerated, the demand for commercial property continues to rise. The FIFA World Cup in 2014 and the Olympics in 2016 are expected to attract a large number of visitors and create business opportunities. The commercial construction market is projected to record a CAGR 8.47% over the forecast period and value BRL43.2 billion (US$22.2 billion) in 2017.
A depressed economic environment in Europe, coupled with China‟s slowing growth rate, has led to a decline in the demand for Brazil‟s exports, and consequently a decline in production. While there are signs of the sector stabilizing, a recovery is not anticipated before 2014. Construction activity in the industrial construction market will therefore remain relatively sluggish. Indeed, industrial construction is projected to be the slowest-growing construction market over the forecast period, recording a CAGR of 7.10%.
Infrastructure construction was the largest construction market in Brazil in 2012 and valued BRL223.4 billion (US$114.7 billion). Brazil‟s spending on infrastructure accounts for only 1% of its GDP. Timetric expects it to be the fastest-growing construction market over the forecast period, recording an anticipated CAGR of 9.32% to value BRL348.7 billion (US$179.0 billion) in 2017.
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Institutional construction was the smallest construction market in Brazil in 2012 and valued BRL15.1 billion (US$7.7 billion). However, there is likely to be an increase in investment in the educational buildings category, due to which the market is projected to post a CAGR of 8.77% over the forecast period, to value BRL22.9 billion (US$11.8 billion) in 2017.
The residential construction market valued BRL66.9 billion (US$34.3 billion) in 2012. Despite economic deceleration, property prices continue to rise. While prices are overvalued, the housing deficit and population growth will continue to drive them. To counter this, the government has launched social housing programs for low income families. The residential construction market is projected to record a CAGR of 7.98% over the forecast period and value BRL98.2 billion (US$50.4 billion) in 2017.
Reasons to buy
– Gain an overview of the market including price dynamics, demographic profiles and key construction indicators.
– Understand the construction market in Brazil by reviewing the commercial, industrial, infrastructural, institutional and residential sectors.
– Get the upper hand on your competitors by obtaining numerous company profiles of some of the top Brazilian construction companies.
– Enhance your business using Timetric’s market data analysis for the different sectors of the Brazilian construction market.
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