DUBLIN, December 03, 2021--(BUSINESS WIRE)--The "Brazil Construction Industry Databook Series - Market Size & Forecast (2016 - 2025) by Value and Volume (area and units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction - Q1 2021 Update" report has been added to ResearchAndMarkets.com's offering.
Growing urbanization and industrialization trends are expected to support the growth of construction activities in Brazil. Steady recovery is seen in the real estate market, which remains a positive sign for the overall construction sector in Brazil.
With interest rates at the lowest level, the Brazilian government has launched a new housing program. Under the Casa Verde e Amarela housing program, the government is planning to serve 1.6 million low-income families with a housing financing scheme by 2024.
Despite the near-term challenges, the outlook for the construction industry remains positive in the medium to long term. With the growth forecast over the next five years, the investment in the construction sector will be supported by government spending in the infrastructure sector.
Although the construction sector saw a drop in demand during the first three quarters of 2020, the industry began to notice recovery in the fourth quarter. The real estate market in the Sao Paulo market reported increase on month-on-month basis in October 2020.
This growing demand has also increased the prices of mansions and penthouses in the country. This growing real estate market and increases in prices can be associated with changing consumer behavior. People are prioritizing more comfortable and large homes, with home office and leisure options, as they have more time to spend at home.
Moreover, the purchasing power of the consumers has also increased, as the interest on financing is at the lowest level in history. Several first time home buyers in Brazil are taking advantage of the low-interest rates to finance their property. With the installment being close to the rent, people are finding buying a new home more accessible than ever before.
The commercial construction sector in Brazil remained stable. Despite the crisis, several micro and small entrepreneurs decided to carry out reform and improve their office establishments to prepare for the resumption of business activities. Moreover, office renovations were also carried out to adapt to the new scenario after the pandemic.
With the resulting growth in the residential and commercial sector, cement sales have increased by 21% in September 2020. The National Cement Industry Union has also attributed this growth to the support from the government for civil construction.
According to the Q4 2020 Global Construction Survey, construction industry in Brazil is expected to grow by 16.2% to reach US$ 217640.1 million in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Brazil remains intact.
The construction industry in Brazil is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 9.8% during 2021-2025. The construction output in the country is expected to reach US$ 316262.7 million by 2025.
This report provides data and trend analyses on construction industry in Brazil, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.
Market Data and Insights:
This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Brazil. KPIs covered include the following:
Market size by value
Market size by volume of construction
Number of units
Brazil Residential Building Construction Coverage
Brazil Residential Green Building Construction Coverage
Brazil Commercial Building Construction Coverage
Brazil Commercial Green Building Construction Coverage
Brazil Industrial Green Building Construction Coverage
Brazil Institutional Building Construction Coverage
Brazil Institutional Green Building Construction Coverage
Brazil Infrastructure Construction Sector
Brazil Green Infrastructure Construction
For more information about this report visit https://www.researchandmarkets.com/r/t7h12m
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