Argentina Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q1 2025)

The Construction in Argentina - Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the Argentine construction industry, including:

The Argentine construction industry's 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 Argentine construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Argentina’s construction industry is expected to register growth of 4.1% in real terms in 2025, inflecting on a contraction of approximately 21% in 2024. Markedly, well-documented economic risk associated to Argentina’s construction market is cooling sooner-than-expected. According to the National Institute of Statistics and Census of Argentina (INDEC), annual inflation fell to 117.8% in 2024, from 211.4% in 2023. Additionally, the Central Bank of Argentina (BCRA) reduced its interest rate down from 32% in December 2024 to 29% in January 2025. Hence, an ameliorating macroeconomic picture is slowly regaining investor confidence in Argentina’s construction market. Forecasted growth will be supported by private sector investments in renewable energy, and oil and gas projects. Developments include large-scale projects such as the ARS521.8 billion ($230 million) El Quemado solar park project, pertaining the construction of a 305MW solar farm in Mendoza, and the development of a sustainable aviation fuel (SAF) production plant in Chubut, with an investment of ARS5.7 trillion ($2.5 billion).

The analyst expects the Argentine construction industry to register average annual growth of 5.1% between 2026 and 2029, supported by investments in transport, oil and gas, and renewable energy projects. The Argentine government announced plans in December 2024, to construct a multipurpose port terminal in Escobar, with an estimated cost of ARS1.4 trillion ($600 million). The project includes the construction of a 375m long and 17m deep dock, along with an 18km long highway connecting it. Furthermore, growth will be driven by the country’s "Argentine Nuclear Plan", which was proposed in December 2024. The plan involves the construction of a Small Modular Reactor (SMR) at the Atucha Nuclear Power Plant by 2030. In another development, Argentina has already received requests under the Régimen de Incentivo a las Grandes Inversiones (RIGI) mechanism for ARS26.8 trillion ($11.8 billion) in investment in December 2024. The investments are focused primarily on domestic renewable energy projects, which supports the country’s aim to increase the renewable energy share in the total energy mix from 37% in 2023 to 57% by 2030.

Scope

This report provides a comprehensive analysis of the construction industry in Argentina. It provides:

Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Argentina, 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 our 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 business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology

About the Analyst
Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Argentina, Key Economic Indicators
Table 3: Argentina, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 4: Argentina, Top Commercial Construction Projects by Value
Table 5: Argentina, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Argentina, Top Industrial Construction Projects by Value
Table 7: Argentina, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Argentina, Top Infrastructure Construction Projects by Value
Table 9: Argentina, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Argentina, Top Energy and Utilities Construction Projects by Value
Table 11: Argentina, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Argentina, Top Institutional Construction Projects by Value
Table 13: Argentina, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Argentina, Top Residential Construction Projects by Value
Table 15: Argentina, Key Contractors
Table 16: Argentina, Key Consultants
Table 17: Argentina, Construction Output Value (Real, $ Million)
Table 18: Argentina, Construction Output Value (Nominal, ARS Billion)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Latin America, Construction Output (Real % Change), 2023-29
Figure 2: Argentina, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Argentina, Risk Summary
Figure 4: Argentina, Risk Regional Comparison
Figure 5: Argentina, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Argentina, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Argentina, Construction Value-add (ARS Million, 2004 Constant Prices)
Figure 8: Argentina, Synthetic Indicator of Construction Activity (2004=100)
Figure 9: Argentina, Total Area Authorized for Building Permits (In thousand m2)
Figure 10: Argentina, Gross Fixed Capital Formation, in ARS Million
Figure 11: Argentina, Number of Workers Registered in the Construction Industry
Figure 12: Argentina, Construction Projects Momentum Index
Figure 13: Latin America, Construction Projects Momentum Index
Figure 14: Argentina, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 15: Argentina, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Argentina, Total Foreign Tourist Arrivals (In Thousands)
Figure 17: Argentina, Wholesale and Retail Value-add (ARS Million, 2004 Constant Prices)
Figure 18: Argentina, Hotels and Restaurants Value-add (ARS Million, 2004 Constant Prices)
Figure 19: Argentina, Total Retail Sales (ARS Million, December 2016 Constant Prices)
Figure 20: Argentina, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 21: Argentina, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Argentina, Manufacturing Industry Value-add (ARS Million, 2004 Constant Prices)
Figure 23: Argentina, Manufacturing Production Index (2004=100)
Figure 24: Argentina, Total Export Value ($ Million)
Figure 25: Argentina, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 26: Argentina, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Argentina, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Argentina, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Argentina, Electricity, Gas, and Water Sector Value-add (ARS Million, 2004 Constant Prices)
Figure 30: Argentina, Net Electricity Generation (GWh)
Figure 31: Argentina, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: Argentina, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Argentina, Education Value-add (ARS Million, 2004 Constant Prices)
Figure 34: Argentina, Social and Health Services Value-add (ARS Million, 2004 Constant Prices)
Figure 35: Argentina, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 36: Argentina, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Argentina, Real Estate, Business, and Rental Activities Value-add (ARS Million, 2004 Constant Prices)
Figure 38: Argentina, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Argentina, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Argentina - Key Trends and Opportunities to 2029 (Q1 2025) report provides detailed market analysis, information and insights into the Argentine construction industry, including:

Scope

This report provides a comprehensive analysis of the construction industry in Argentina. It provides:

Reasons to Buy

Table of Contents

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