Chile Construction Industry Report 2022: Growth Momentum to Carry Into 2022 - Expected Growth of 5.7% this Year, Supported by an Improvement in Non-mining Activities - ResearchAndMarkets.com

The "Chile Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The construction industry in Chile registered an annual growth of 13.6% in real terms in 2021 - up from a decline of 12.1% in 2020.

The industry's growth that year was supported by a favorable base, improvement in consumer and business confidence amid progress in the country's vaccination drive and the execution of large-scale public infrastructure projects.

The industry's growth momentum is likely to carry into 2022, with the construction industry expected to grow by 5.7% this year, supported by an improvement in non-mining activities. According to the Central Bank of Chile (Banco Central de Chile), the IMACEC economic activity index grew by 7.9% year on year (YoY) in the first quarter of this year, driven by a 10% Y-o-Y growth in the non-mining sector.

The construction industry's growth this year will also be supported by investments in housing, transport infrastructure and sports projects, in preparation for the Pan American and Parapan American Games that will be held in Chile next year.

The publisher expects the Chilean construction industry to register an annual average growth of 3.3% from 2023 to 2026, supported by investments in transport, water, hydrogen and housing projects. According to Chile's environmental evaluation service (SEA), 936 projects worth CLP40.9 trillion ($55.2 billion) were submitted for environmental assessment in 2021 - up from 892 projects worth CLP36.1 trillion ($48.8 billion) in 2020.

The proposals include projects in the energy, mining, water and transportation sectors, among others. In another positive development, the total number of environmental assessment proposals approved by the SEA rose by 21.4% in 2021, while the value of approved proposals rose by 29.2%.

Over the forecast period, industry growth will also be supported by investments in renewable energy and electric vehicle manufacturing projects, in line with the government's aim to reduce carbon emissions and have renewable energy account for 80% of the total electricity generation by 2030.

To achieve this target, the government announced in April 2022 that it will tender 2,786 hectares (ha) of land in the Commune of Santa Elena, with this land being used for the deployment of wind or solar power projects.

Scope

• Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Chile, 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 the publisher'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 the publisher's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 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

For more information about this report visit https://www.researchandmarkets.com/r/51agb7

View source version on businesswire.com: https://www.businesswire.com/news/home/20220811005456/en/