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Construction in Peru-Key Trends and Opportunities to 2022

Published By :

Timetric

Published Date : Feb 2018

Category :

Construction

No. of Pages : 43 Pages

Synopsis
Following two years of contraction, Perus construction sector rebounded in 2017, registering growth of 1.5% in real terms; this can be attributed to the governments focus on developing the mining and manufacturing sectors. In 2016, Pedro Pablo Kuczynski was elected as president of Peru, and the new government is focusing on developing the manufacturing, mining and service sectors in order to reduce dependency on mineral ore and raw material exports.

Recovery in the countrys construction industry is expected to continue over the forecast period (20182022), in line with the pick-up in economic growth and commodity prices.

Over the forecast period, the governments efforts to enhance transport, energy and residential infrastructure is expected to support industry growth. In September 2017, the government announced a plan to invest PEN28.0 billion (US$8.6 billion) on the development of housing, road, port, airport and dam infrastructure by 2020.

In addition, work related to rebuilding flood-affected regions is expected to support investment in construction projects. In September 2017, the government announced plans to invest PEN26.1 billion (US$8.0 billion) to rebuild highways, roads, bridges, houses, schools, health centers, sewage systems and farms which were devastated by flooding in March 2017.

The industrys output value in real terms is expected to record a compound annual growth rate (CAGR) of 4.72% over the forecast period, up from -1.16% during the review period (20132017).


Summary
Timetrics Construction in Peru Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Peruvian construction industry, including:

The Peruvian 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 Peruvian 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 Peru. It provides:

Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Peru, 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 Timetric'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 Timetric's critical and actionable insight.

Assess business risks, including cost, regulatory and competitive pressures.

Evaluate competitive risk and success factors.

Key Highlights
Timetric expects the residential construction market's output to record a forecast-period CAGR of 6.90% in nominal terms, driven by the governments aim to bridge the gap between demand for and supply of affordable houses. Accordingly, in September 2017, the government announced plans to build 46,000 houses in Lircay, Huancavelica and cities such as Piura, Chiclayo and Trujillo by 2020.

The energy and utilities construction market will be supported by large-scale investments. Under the Nacional de Electrificacin Rural (National Rural Electrification Plan PNER), the government plans to invest PEN135.0168.8 million (US$40.050.0 million) annually on rural electrification by 2020.

Timetric expects the infrastructure construction market to grow at a CAGR of 10.23% in nominal terms, driven by investments in transport infrastructure. In December 2017, the government approved a plan to build a new road in the border area of Ucayali. Under this plan, the government intends to build a 277km road to connect the towns of Puerto Esperanza and Iapari.

The government is focusing on the construction of water treatment plants, sewers and water pipelines, with an aim to provide better and safer water to residents. In 2017, the government launched the National Sanitation Plan 20172021, with an aim to provide a proper framework for the construction of sewage and water treatment plants in the country.

The total construction project pipeline in Peru as tracked by the Construction Intelligence Center (CIC), including all mega-projects with values above US$25 million, stands at PEN440.2 billion (US$135.1 billion). The pipeline, which includes all projects from the pre-planning to execution stages, is skewed towards early-stage projects, with only 25.5% of the pipelines value being in projects in the pre-execution and execution stages as of February 2018.
Table of Contents
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
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
7.3 About Timetric
7.4 About CIC
7.5 Disclaimer

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

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix
Figure 2: Peru, Construction Projects Pipeline by Sector (PEN Billion)
Figure 3: Peru, Benchmark interest rate
Figure 4: Peru, Industrial Production Index
Figure 5: Peru, Construction Output Value (Real, US$ billion, 2010 prices and exchange rate)
Figure 6: Peru, Construction Output Value, Growth Matrix
Figure 7: Peru, Construction Output Value, by Sector (PEN Million), 20132022
Figure 8: Peru, Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 20172022
Figure 9: Peru, Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 10: Peru, Commercial Construction Output by Project Type (PEN Million), 20132022
Figure 11: Peru, Commercial Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 12: Peru, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 13: Peru, Industrial Construction Output by Project Type (PEN Million), 20132022
Figure 14: Peru, Industrial Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 15: Peru, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 16: Peru, Infrastructure Construction Output by Project Type (PEN Million), 20132022
Figure 17: Peru, Infrastructure Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 18: Peru, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 19: Peru, Energy and Utilities Construction Output by Project Type (PEN Million), 20132022
Figure 20: Peru, Energy and Utilities Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 21: Peru, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 22: Peru, Institutional Construction Output by Project Type (PEN Million), 20132022
Figure 23: Peru, Institutional Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 24: Peru, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 25: Peru, Residential Construction Output by Project Type (PEN Million), 20132022
Figure 26: Peru, Residential Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 27: Peru, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million)
Figure 28: Peru, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 29: Peru, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 30: Peru, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 31: Peru, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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