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Construction in Peru - Key Trends and Opportunities to 2023

Published By :

GlobalData

Published Date : Feb 2019

Category :

Construction

No. of Pages : 48 Pages

Construction in Peru - Key Trends and Opportunities to 2023

Summary

The Peruvian construction industry registered growth of 2.4% and 4.5% in real terms in 2017 and 2018 respectively, following an average annual growth of -2.0% during 2014-2016.

The industrys output value is expected to continue to expand over the forecast period (2019-2023), with investments in infrastructure, health, education, manufacturing and housing projects continuing to drive growth. Furthermore, rising construction permits in the country are expected to drive the industrys forecast-period growth.

The industrys output value is expected to rise at a compound annual growth rate (CAGR) of 4.98% in real terms over the forecast period - up from -0.30% during the review period (2014-2018).

GlobalDatas "Construction in Peru - Key Trends and Opportunities to 2023", 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.

Key Highlights

- GlobalData expects the residential construction market to account for 27.6% of the industrys total value in 2023. Forecast-period growth is expected to be supported by government efforts to balance housing demand and supply through the construction of housing units. The government plans to build 150,000 social housing units across the country by 2022.
- Forecast-period growth in the industrial construction market will be driven by the governments focus to increase the countrys copper production. The government plans to double the copper production by 2021, from 2.4 million tonnes in 2017 to 4.8 million by 2021. Accordingly, with an aim to attract PEN21.7 billion (US$6.7 billion) of capital investment in copper mining, the government is providing favourable environments for companies.
- GlobalData expects the infrastructure construction market to grow at a forecast-period CAGR of 10.15% in nominal terms, driven by governments plans to develop the countrys transport infrastructure. In the 2019 budget, the government allocated PEN12.0 billion (US$3.7 billion) for transport infrastructure projects, including projects to build national highways, community roads and repair damaged roads across the country.
- The energy and utilities construction markets forecast-period growth will be driven by the governments focus on renewable energy. The government aims to increase the share of renewable energy in the countrys total energy mix from 2.7% in 2017 to 5.0% by 2022, and 15.0% by 2030. Accordingly, in March 2018, the government announced plans to build a 500.0MW-1.0GW solar power plant in the southern regions of Tacna, Arequipa and Cuzco.
- The total construction project pipeline in Peru - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at PEN408.1 billion (US$126.1 billion). The pipeline, which includes all projects from pre-planning to execution, is relatively skewed towards early-stage projects, with 64.7% of the pipeline value being in projects in the pre-planning and planning stages as of February 2019.

Scope

This report provides a comprehensive analysis of the construction industry in Peru. It provides -
- Historical (2014-2018) and forecast (2019-2023) 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 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
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: Peru, Key Economic Indicators
Table 3: Peru, Construction Output Value (nominal, PEN Million)
Table 4: Peru, Construction Output Value (nominal, US$ Million)
Table 5: Peru, Top Commercial Construction Projects by Value
Table 6: Peru, Top Industrial Construction Projects by Value
Table 7: Peru, Top Infrastructure Construction Projects by Value
Table 8: Peru, Top Energy and Utilities Construction Projects by Value
Table 9: Peru, Top Institutional Construction Projects by Value
Table 10: Peru, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Peru, Key Contractors
Table 12: Peru, 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: Peru, Construction Projects Pipeline by Sector (PEN Billion)
Figure 3: Peru, Mortgage Loan Issued (PEN, Million)
Figure 4: Peru, Total Export Value (PEN, Million)
Figure 5: Peru, Risk Profile
Figure 6: Peru, Risk Comparison
Figure 7: Peru, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 8: Peru, Construction Output Value, Growth Matrix
Figure 9: Peru, Construction Output Value, by Sector (PEN Million), 2014-2023
Figure 10: Peru, Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 11: Peru, Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 12: Peru, Commercial Construction Output by Project Type (PEN Million), 2014-2023
Figure 13: Peru, Commercial Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 14: Peru, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 15: Peru, Industrial Construction Output by Project Type (PEN Million), 2014-2023
Figure 16: Peru, Industrial Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 17: Peru, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 18: Peru, Infrastructure Construction Output by Project Type (PEN Million), 2014-2023
Figure 19: Peru, Infrastructure Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 20: Peru, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 21: Peru, Energy and Utilities Construction Output by Project Type (PEN Million), 2014-2023
Figure 22: Peru, Energy and Utilities Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 23: Peru, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 24: Peru, Institutional Construction Output by Project Type (PEN Million), 2014-2023
Figure 25: Peru, Institutional Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 26: Peru, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 27: Peru, Residential Construction Output by Project Type (PEN Million), 2014-2023
Figure 28: Peru, Residential Construction Projects Pipeline, Value by Stage (PEN Million)
Figure 29: Peru, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (PEN Million), 2018-2023
Figure 30: Peru, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 31: Peru, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 32: Peru, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 33: Peru, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)

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